Students will learn what real estate appraisers do as the role of the professional appraiser is discussed. Topics will include basic valuation principles, the professional appraiser and the structure of the Appraisal Institute, New York State Appraiser Licensure and Certification, the nature of appraisals, the nature of values, valuation process, data collection, neighbors and districts, land and site description, improvements description, and highest and best use.
Target Student: Open to all students, this is an overview for non-appraisers.
Prerequisite: Requires approval of the instructor
Text: Fundamentals of Real Estate Appraisal, 9th Ed., by William L. Ventolo and Martha Williams