Maricopa Community Colleges  REA284AB   19936-20086 
Official Course Description: MCCCD Approval: 07/22/08
REA284AB 19936-20086 LEC 0.60 Credit(s) 0.60 Period(s)
Residential Market Analysis
Reviews the three approaches to the valuation of real estate and focuses on the market analysis approach to appraising single family residential property.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
REA284AB   19936-20086 Residential Market Analysis
1. Demonstrate knowledge of different methods of appraising. (I, II, III, IV)
2. Perform basic mathematical calculations essential to the appraisal of real estate. (I)
3. Describe basic construction features of improved property relevant ot eh market analysis approach. (I, II, III, IV, V, VI, VII, VIII)
4. Explain the importance of functional interior design, circulation areas, and construction details. (IV, XIV)
5. Demonstrate a working knowledge of the basic principles and techniques used for site inspection, analysis, and valuation relevant to the market analysis approach. (XIV)
6. Describe and use the contents of a data bank. (IX)
7. Outline the steps in and demonstrate a working knowledge of the direct sales comparison approach. (IX, XI)
8. Complete an actual residential market analysis appraisal. (IX, X, XI, XII, XIII)
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MCCCD Official Course Outline:
 
REA284AB   19936-20086 Residential Market Analysis
    I. Licensing and Regulation
      II. Real Property and Appraisal
        III. Foundations of Appraisal
          IV. The Valuation Process
            V. Real Estate Markets
              VI. Money Markets and Capital Markets
                VII. Collection and Analysis of General Data
                  VIII. Neighborhood Analysis
                    IX. Land or Site Description and Analysis
                      X. Building Description
                        XI. Analysis of Building Style and Function
                          XII. Highest and Best Use
                            XIII. Collection and Analysis of Specific Data
                              XIV. The Sales Comparison Approach
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