Course Description and Outline
CPD 124: Residential Appraisal: Challenges and Opportunities
Pre-Requisites: While there are no formal prerequisites for this course, it is assumed that students have some understanding of appraisal theory and residential valuation methods. Students will ideally have a working knowledge of the following appraisal concepts:
- highest and best use;
- the direct comparison and cost approaches to value; and
- reconciliation.
Real property can be complex. The appraiser needs to understand the purpose of the assignment and the client's intended use in order to properly provide a solution that addresses the client's needs. Lesson 1 distinguishes between the separate but related topics: scope of practice and scope of work. Lesson 2 presents a continuation of this scope theme, examining situations in which a residential appraiser may expand his or her scope of practice. Alternative specializations include right of ways and easements, personal property, business value, reserve fund studies, assessment appeals, arbitration, and First Nations land claims.
Course Outline
FOREWORD: Introduction to Professional Development Courses
LESSON 1: Scope and the Canadian Residential Appraiser
- Instructor's Comments
- Scope of Practice
- Scope of Work
LESSON 2: Specialized Valuation Services
- Instructor's Comments
- Right of Ways
- Personal Property and Non-Realty Elements of Value
- Business Value
- Reserve Fund Studies
- Assessment Appeals
- Arbitration
- First Nations Land Claims
- Summary