Official Course Description: MCCCD Approval: 07/22/08
REA284AD 19936-20086	LEC	0.70 Credit(s)	0.70 Period(s)
Income Capitalization
Reviews the three approaches to the valuation of real estate focuses on the income capitalization approach to appraising single family residential property. Prerequisites: None.

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MCCCD Official Course Competencies:
REA284AD   19936-20086	Income Capitalization

1.	Discuss basic principles of value in real estate. (I)
2.	Demonstrate knowledge of different methods of appraising. (I)
3.	Demonstrate a working knowledge of the basic principles and techniquesused for site inspection, analysis, and valuation income capitalization approach. (III)
4.	Perform basic mathematical calculations essential to the income capitalization approach to appraisal of residential real estate. (III, IV, VII, VIII)
5.	Describe basic construction features of improved property. (IV, V, VII)
6.	Explain the importance of functional interior design, circulation areas, and construction details. (IV, V)
7.	Describe and use the contents of a data bank. (V, VI, VII)
8.	Outline the steps in and demonstrate a working knowledge of the cost approach to determining value. (II, VIII)
9.	Complete an actual cost approach residential appraisal. (VIII)

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MCCCD Official Course Outline:
REA284AD   19936-20086	Income Capitalization

I. Review of the foundations of appraisal II. Income capitalization approach of valuation III. Land or site description and analysis relevant to income capitalization approach IV. Building description relevant to income capitalization aproach V. Analysis of building style and function relevant to income capitalization approach VI. Collection and analysis of specific data relevant to income capitalization approach VII. Building income capitalization estimates VIII. Income capitalization approach in the appraisal report

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