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Nov 04, 2026
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MKTG 225 - Residential Appraising Part II
PREREQUISITES: Program Advisor Approval
PROGRAM: Business Administration
CREDIT HOURS MIN: 4
LECTURE HOURS MIN: 4
DATE OF LAST REVISION: Summer, 2011
To substantially prepare and enhance appraisal students’ basic knowledge of real estate appraisal principles and practices. This course builds upon the basic appraisal coursework for in-depth discipline study and to prepare students for license upgrades.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to be able to:
- Interpret the market analysis data and complete Highest and Best Use Studies.
- Demonstrate competency in site valuation techniques.
- Demonstrate competency in the sales comparison approach in the appraisal process. Demonstrate competency in the cost approach in the appraisal process.
- Demonstrate competency in the income capitalization approach in the appraisal process.
- Demonstrate competency in the narrative report writing.
- Reconcile the three value approaches.
- Interpret capitalization procedures and techniques.
- Construct appraisal reports.
COURSE CONTENT: Topical areas of study include -
- Site value
- Cost approach
- Legal considerations in appraisal
- Economic principals
- Real estate markets and analysis
- Highest and best use analysis
- Deriving and supporting adjustments
- Appraisal statistical concepts
- Sales comparison approach
- Environmental issues
- Complex property, ownership and market Conditions
- Residential report writing
Course Addendum - Syllabus (Click to expand)
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