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REAL ESTATE APPRAISAL, RELE 1203 COURSE MASTER SYLLABUS
MARKETING DEPARTMENT |
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COURSE TITLE: Real Estate Appraisal
CREDIT HOURS: 2; Lecture Hours: 2: Lab Hours: 0
METHOD OF PRESENTATION: Two-hour lecture/discussion each week or Distance Learning.
COURSE DISCRIPTION:
RELE 1203 REAL ESTATE APPRAISAL (2-2-0). Study of the central purposes and functions of an appraisal, social and economic determinant of value, appraisal case studies, cost, market data, and income approaches to value estimates, final correlations, and reporting. Skills: R
REQUIRED TEXTBOOKS/
MATERIALS:
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ISBN |
Title |
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Publisher |
Author |
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1419505181 |
Fundamentals
of Real Estate Appraisal (9th edition) |
TX |
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Ventolo, Jr. & Williams |
SCANS (SECRETARY’S COMMISSION ON ACHIEVING NECESSARY SKILLS):
Course SCANS Competencies for Real
Estate Appraisal, RELE
1203
Please go to http://www.austincc.edu/mkt/scans.htm#whatis
for a complete definition and explanation of SCANS. This list summarizes the SCANS competencies
addressed in this particular course.
INSTRUCTIONAL METHODOLOGY:
See specific instructor’s syllabus COURSE RATIONALE:
The purpose of this course is to provide all the pre-licensing appraisal course requirements as established by the Appraiser Qualification Board of the Appraisal Foundation. This course will help the student relate appraisal theory and technique to practice.
COMMON COURSE LEARNING
OBJECTIVES/OUTCOMES
1.
Understand Real
Estate Appraisals
2.
Review the Real
Estate Marketplace
3.
Understand the
appraisal process
4.
Review building
construction and environment
5.
Understand data
collection
6.
Understand
importance of site valuation
7.
Understand the
cost approach
8.
Understand the
sales comparison approach
9.
Understand the
income capitalization approach
10.
Understand the
direct and yield capitalization
11.
Understand
reconciliation and the appraisal report
12.
Understand
appraising partial interests
13.
Understand
appraisal math and statistics
14.
Chapter
objectives that appear in the textbook
GRADING SYSTEM:
Your instructor will provide
specific information about how you will be graded in this course.
COURSE POLICIES:
Departmental
policies for Incompletes, Attendance, and Withdrawal are as follows:
Incomplete Policy: An incomplete
(I) will be granted to a student in rare circumstances. Generally, to receive a
grade of I, a student must have completed all examinations and assignments to
date, be passing, and have personal circumstances that prevent course
completion that occur after the deadline to withdraw with a grade of W.
Attendance Policy: All students
are expected to attend classes.
Non-attendance will have an impact on the student’s grade.
Withdrawal Policy: It is the
student’s responsibility to withdraw from a course. Instructors are allowed to withdraw students
but students must not rely on their instructor to withdraw them if they wish to
withdraw.
Academic Freedom Statement: Each student is strongly
encouraged to participate in class. In any classroom situation that includes
discussion and critical thinking, there are bound to be many differing
viewpoints. These differences enhance the learning experience and create an
atmosphere where students and instructors alike will be encouraged to think and
learn. On sensitive and volatile topics, students may sometimes disagree not
only with each other but also with the instructor. It is expected that faculty
and students will respect the views of others when expressed in classroom
discussions.
Scholastic Dishonesty Statement: Acts prohibited by the College for which discipline may be
administered include scholastic dishonesty, including but not limited to
cheating on an exam or quiz, plagiarizing, and unauthorized collaboration with
another in preparing outside work. Academic work submitted by students shall be
the result of their thought, research or self-expression. Academic work is
defined as, but not limited to tests, quizzes, whether taken electronically or
on paper; projects, either individual or group; classroom presentations, and
homework” (see Student Handbook).
Penalties for scholastic dishonesty will depend upon the nature of the
violation and may range from lowering a grade on one assignment to an F in the
course and/or expulsion from this institution.
Student
Discipline Statement: Classroom behavior should support and enhance
learning. Behavior that disrupts the learning process will be dealt with
appropriately, which may include having the student leave class for the rest of
that day. In serious cases,
disruptive behavior may lead to a student being withdrawn from the class.
ACC's policy on student discipline can be found in the Student Handbook.
Students with Disabilities Statement: Each ACC campus offers support services for students with documented physical or psychological disabilities. Students with disabilities must request reasonable accommodations through the Office for Students with Disabilities on the campus where they expect to take the majority of their classes. Students are encouraged to do this three weeks before the start of the semester” (see Student Handbook).
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