Fundamentals of Arizona Real Estate Appraisal
Learning about the Appraisal Process, although real estate brokers and salespersons are not responsible for having the knowledge, skills, and abilities of professional real estate appraisers, they should have a fundamental understanding of the valuation process used by appraisers to determine property values, because this understanding enables them to confidently predict the successful fulfillment of prospective real estate transactions. It also enables them to effectively conduct basic market analyses on behalf of their clients. Within this course, you will also identify the purpose of the real-estate appraisal, types of property valuation, four methods for assessing value, reconciliation, and the key components of an effectively written appraisal report.
Updated October 2022
3 Hours General
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Lessons
1-Start Here-Appraisal Overview
2-Appraiser General Duties
🔊 Listen to Lesson Appraisers begin the process of determining property value by visiting the property and talking with anyone who is familiar with it. They then measure the property and inspect it for…Appraisers begin the process of determining property value by visiting the property and talking with anyone who is familiar with it. They […]
3-Appraisal Reports Continued and Appraisal Designations
🔊 Listen to Lesson Appraisal Reports Continued 9. Purpose and Intended Use of the Appraisal – Explains why the appraisal was conducted and the basis for which the data is used. 10. The scope…Appraisal Reports Continued 9. Purpose and Intended Use of the Appraisal – Explains why the appraisal was conducted and the basis for […]
4-Section 1 Exam – Appraisal
🔊 Listen to Lesson
5-Appraisals Fair Market Value
🔊 Listen to Lesson Fair Market Value It has been said that price is what you pay and value is what you get; however, in the science of property appraisal, these two factors are…Fair Market Value It has been said that price is what you pay and value is what you get; however, in the […]
6-Appraisals Six Types of Value
🔊 Listen to Lesson Six Types of Value With the essential characteristics of value in mind, appraisers are prepared to determine at least six different types of value: 1. Assessment 2. Insurable 3. Investment…Six Types of Value With the essential characteristics of value in mind, appraisers are prepared to determine at least six different types […]
7-Appraisals Principles Continued
🔊 Listen to Lesson 6. Consistent Use – Consistent Use refers to the requirement that both the land and the improvements to the land be valued for the same use within a given appraisal.…6. Consistent Use – Consistent Use refers to the requirement that both the land and the improvements to the land be valued […]
8-Appraisal Conditions that Influence Value
🔊 Listen to Lesson Conditions that Influence Principles of Value There are dozens of detrimental factors that can have a negative effect on real estate values. They include things such as easements, airport noise,…Conditions that Influence Principles of Value There are dozens of detrimental factors that can have a negative effect on real estate values. […]
9-Section 2 Exam – Appraisal
🔊 Listen to Lesson
10-Appraisals – Extrinsic Value
🔊 Listen to Lesson Gather & Validate Data As previously identified, the appraisal is done to estimate the value of a property according to a specified date or time. Appraisers evaluate factors associated with…Gather & Validate Data As previously identified, the appraisal is done to estimate the value of a property according to a specified […]
11-Appraisals – Intrinsic Value
🔊 Listen to Lesson Intrinsic Value These indicators focus on the factors which are individual to the property including use (title), land(site), and improvements to the land (buildings); however, it is not always understood…Intrinsic Value These indicators focus on the factors which are individual to the property including use (title), land(site), and improvements to the […]
12-Appraisal Intrinsic Improvement Value Indicators
🔊 Listen to Lesson Intrinsic Improvements Value Indicators Improvement Data Points Improvements, in this case, refer to the buildings that have been placed on the property. There are several specific characteristics that appraisers will…Intrinsic Improvements Value Indicators Improvement Data Points Improvements, in this case, refer to the buildings that have been placed on the property. […]
13-Section 3 Exam – Appraisal
🔊 Listen to Lesson
14-Appraisal Methods – Cost Approach
🔊 Listen to Lesson Three Main Approaches to Appraisals An appraisal is an opinion of value or the act or process of estimating value. An appraiser will begin by acquiring value data from the…Three Main Approaches to Appraisals An appraisal is an opinion of value or the act or process of estimating value. An appraiser […]
15-Appraisal Income Approach
🔊 Listen to Lesson INCOME CAPITALIZATION APPROACH The second appraisal method is called the income capitalization approach. It is a value determination approach that converts an income stream into a present-day value. In other…INCOME CAPITALIZATION APPROACH The second appraisal method is called the income capitalization approach. It is a value determination approach that converts an […]
16-Section 4 Quiz-Appraisal
🔊 Listen to Lesson
17-Appraisal Overview and Review
🔊 Listen to Lesson Appraisal Overview Real property is valued by: What the Seller will sell for and the Buyer will buy for. By an appraisal Market analysis Note: No two properties are the…Appraisal Overview Real property is valued by: What the Seller will sell for and the Buyer will buy for. By an appraisal […]
18-Section 5 Exam-Appraisal
🔊 Listen to Lesson
19-Appraisal Final Exam
🔊 Listen to Lesson The Final is not timed. Once you have passed this final… Fundamentals of Real Estate Appraisal Course Remember to PRINT OUT YOUR CERTIFICATEThe Final is not timed. Once you have passed this final… Fundamentals of Real Estate Appraisal Course Remember to PRINT OUT YOUR CERTIFICATE
