Pre-requisite: Recommend BUSI 330, BUSI 331, and BUSI 121.
These two lessons are intended to introduce appraisal theory as it pertains to the valuation of land, with a focus on case studies and practical applications. Lesson 1 reviews the economic principles important in land valuation, and covers the comparison-based methods for valuing land (including direct comparison, extraction, and allocation). Lesson 2 reviews the three income-based techniques for land valuation: ground rent capitalization, land residual, and subdivision analysis.
FOREWORD: Introduction to Professional Development Courses
LESSON 1: Comparison-Based Methods of Valuation
LESSON 2: Income-Based Methods of Valuation
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