CE 100 - Appraisal Basics (Syllabus)



CE 100 Appraisal Basics

Instructor: Lei Bao
Email: yesbao82@gmail.com
Phone: (671) 487-2101
Web: https://niceonguam.blogspot.com/
Office Hours: Mon-Fri 5:00 pm - 9:00 pm

Class Information

Mode: Online
Duration: 3 hours
Credit Hours: 3

Course Description

The course surveys the principles and tools of appraising various types of real estate, as well as provides an analysis of value, price, property, and legal rights. Topics include principles of valuation; the real estate market; the relationship between real estate values and economic, social, and government trends; economics of urbanization, including location, value, and use potential; neighborhood analysis; site utilization and property value; estimating site value; the relationship of construction and architecture to cost standards; depreciation; and approaches to cost, market data, and income valuation. Students must complete a demonstration appraisal report.

Required Textbook

Lei Bao, Real Estate Handbook for Continuing Education, 1st edition. National Institute of Continuing Education, 2019

Learning Objectives for Students

On completion of the course, students will:

• Explain appraisal concepts and the process employed by the appraiser.
• Describe the characteristics of value and price and explain how they differ.
• Describe the three approaches to value.
• Explore principles of valuation, the real estate market, and the relationship between real estate values and economic, social, and government trends.
• Analyze neighborhoods, including site utilization, property values, and the relationship between construction and architecture to cost standards.
• Understand the economics of urbanization, including location, value, and use potential.

Assessment

Students need to complete all of the in-class assignments and labs. The purpose of the assignments will for you to practice the concepts covered in class. The purpose of labs is to practice using course concepts as they would be used in the ‘real-world’. Completing all the homework problems and labs is the best way to practice and prepare for the exam.

You are encouraged to work with others on the assignments. The appraisal is an interactive activity! However, do not simply use others to do your work but rather use others to help work through and engage in the concepts.

Exam

There is one final exam. You are expected to be present, seated, and ready to take the exam before the end of the class. You are permitted to use any outside materials, resources, or electronic devices on the exam. The final exam is comprehensive and will be given during a 30-minute block before the end of the class.

Passing Grade & Certificate

Final score of 75% will be considered as a passing grade, and the certificate will be issued to the participant within a week.