MCCCD Program Description

Major: 3104 Catalog Year: 2024-2025 Effective Term: 2024 Summer Last Admit Term: 2025 Summer Award: AAS Total Credits: 61.5-73.5 CIP Code: 52.1501	Primary College: Initiating College: Mesa Community College Program Availability: Not Found Program Availability: College-Specific Program Availability: MC Field of Interest: Business, Entrepreneurialism and Management Instructional Council: Business/Management GPA: 2.00
SOC Code: Upon completion of this degree, students may pursue a degree as: 13-2021.02 Appraisers, Real Estate

Description: The Associate in Applied Science (AAS) in Licensed Residential Appraiser program equips students with the skills needed to appraise residential land and properties. Graduates will be prepared to take the Appraisal Qualification Board (AQB) approved National Uniform Licensing and Certification Examination. The program fulfills the educational and experience requirements set by the AQB and the Arizona Department of Insurance and Finance Institution (DIFI). Students interested in registering for licensure in other states please visit the list of state boards at https://www.mesacc.edu/about/professional-licensure. Licensed Residential Appraisers can evaluate non-complex residential units (1-4 units) with transaction values under $1,000,000 and complex residential units (1-4 units) with transaction values below $400,000. This certification does not cover the appraisal of subdivisions.

In addition to meeting the educational requirements, graduates can also satisfy the 1,000 hours of practical experience needed for licensure through the Practical Applications of Real Estate Appraisal (PAREA) program. PAREA offers a modern pathway for aspiring appraisers to fulfill their experience requirements using innovative technology. It provides practical experience in a virtual environment, combining appraisal theory and methodology through real-world simulations. This experience is delivered via a range of online and virtual reality technologies.

The Appraiser Qualifications Board developed PAREA as an alternative to the traditional supervisor/trainee model for gaining appraisal experience. To meet the experience requirements for the Licensed Residential and the Certified Residential credential levels, students can choose between PAREA or the supervisor/trainee model.

Required Courses

CIS105 Survey of Computer Information Systems 3

FYE101 Introduction to College, Career and Personal Success (1) OR
FYE103 Exploration of College, Career and Personal Success (3) 1-3

MKT271 Principles of Marketing 3
OAS108 Business English 3

PSY101 Introduction to Psychology (3) OR
Permission of Program Director (0) 0-3

+ PSY230 Introduction to Statistics (3) OR
+ PSY230 Introduction to Statistics (3) AND
+ PSY231 Laboratory for Statistics (1) 3-4

REA150 Supervisory Appraiser/Appraiser Trainee 1

REA179 Real Estate Principles I (3) AND
+ REA180 Real Estate Principles II (3) OR
REA201 Real Estate Principles I and II (6) 6

REA270 Basic Appraisal Principles 2
REA271 Basic Appraisal Procedures 2
REA272 Uniform Standards of Professional Appraisal Practice (USPAP) 1
REA273 Residential Market Analysis Highest and Best Use 1
REA274 Residential Appraiser Site Valuation and Cost Approach 1
+ REA275 Residential Sales Comparison and Income Approaches 2
REA276AA Residential Report Writing and Case Studies I 1
+ REA281 Principles of Real Estate Law 3
+ REA282 Real Estate Finance 3
+ REA283 Property Management 3
REA290AH Real Estate Seminar: Contract Writing 0.5

Credits: 39.5-45.5

Restricted Electives
	Credits: 0

General Electives
	Credits:

General Education Requirements

General Education Requirement	Credits: 22-28

General Education Core	Credits: 12-18

First-Year Composition	Credits: 6
Any approved general education course from First Year Composition area.

Oral Communication	Credits: 3
Any approved general education course from the Oral Communication area.

Critical Reading	Credits: 0-3
+ CRE101 College Critical Reading and Critical Thinking (3) OR Equivalent as indicated by assessment. 0-3

Mathematics	Credits: 3-6
Any approved general education course from the Mathematics area.

General Education Distribution	Credits: 10

Humanities, Arts and Design	Credits: 3
Any approved general education course from the Humanities, Arts and Design area.

Social-Behavioral Sciences	Credits: 3
ECN211 Macroeconomic Principles (3) OR ECN212 Microeconomic Principles (3) 3

Natural Sciences	Credits: 4
Any approved general education course from the Natural Sciences area.

Learning Outcomes
1. Explain the nature, importance, and purposes of residential real estate appraisal. (REA150, REA179, REA180, REA201, REA270, REA271, REA272, REA273, REA274, REA275, REA276AA, REA282, REA283, REA290AH) 2. Collect, analyze, and interpret data in preparation for completing a URAR form. (REA270, REA271, REA272, REA273, REA274, REA275, REA276AA) 3. Communicate effectively orally and in writing with a diverse audience. (CIS105, MKT271, OAS108, PSY101, PSY230, PSY231, REA179, REA180, REA201, REA270, REA271, REA272, REA273, REA274, REA275, REA276AA, REA281, REA282, REA283, REA290AH, ECN211, ECN212, CRE101, [COM], [FYC], [HU], [MA], [SG/SQ]) 4. Employ ethical practices and standards according to the Uniform Standards of Professional Appraisal Practice (USPAP). (REA270, REA271, REA272, REA273, REA274, REA275, REA276AA) 5. Demonstrate a proficiency in all three approaches to value: Cost approach, income approach, and data approach. (REA270, REA271, REA276AA) 6. Write a form appraisal report using all the three approaches to value, site analysis, economic analysis, and reconciliation. (REA276AA) 7. Describe both social and economic determinant of value. (PSY101, REA179, REA201, REA180, REA270, REA271, REA272, REA273, REA274, REA275, REA276AA, REA282, REA283, REA290AH, ECN211, ECN212) 8. Examine case studies related to the appraisal process. (REA273, REA274, REA275, REA276AA)
+ indicates course has prerequisites and/or corequisites. ++ indicates that any suffixed course may be selected. MCCCD Governing Board Approval Date: June 28, 2022

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.