Appraisal (APPR)

APPR 101 Principles of Appraisal (A, W, SP, SU)

3 credits
This is the introductory course to appraisal, establishing a firm foundation for principles, concepts, and procedures for implementation of the valuation process. Coverage includes attributes and necessary skills for the professional appraisal, identification of centers for employment opportunities or establishing individual, independent appraisal practices, the nature of value, basic appraisal principles, federal reserve system, money and capital markets, real estate markets, valuation process, data collection and analysis, neighborhood description, site and improvement description, requirements for Ohio appraiser licensing or certification, and professional appraisal designations.
Lecture: 3 hours – Lab: 0 hours
Lab fee: $2.00

APPR 102 Procedures of Appraisal (A, W, SP, SU)

3 credits
This course covers the entire spectrum of the valuation process, centering on detailed implementation of the three approaches to valuation and correlating to a final conclusion of value. Coverage includes review of valuation process, appraisal mathematics and use of financial calculator, methods of site valuation, cost approach, sales comparison approach, income approach, reconciliation, and final conclusion of value.
Lecture: 3 hours – Lab: 0 hours
Prerequisites: APPR 101
Lab fee: $2.00

APPR 284 USPAP and Fair Housing

2 credits
This is a Capstone course for the Ohio appraisal certification. Course users will learn to apply the standards of the industry to the instruments of appraisal process. This course covers the requirements for ethical and competent appraiser performance as set out in materials developed and issued by the Appraisal Foundation. Coverage includes history of the Appraisal Foundation, functions of Appraisal Standards Board and the Appraisal Qualifications Board, rules of USPAP, and standards of USPAP. This course will also cover the Federal, State and Municipal Fair Housing requirements for appraisers.
Lecture: 2 hours
Prerequisites: None
Lab fee: $2.00