Center for Curriculum and Transfer Articulation
Major: 3104
First Term: 2008 Summer I      
Award: AAS
Total Credits: 60-63
CIP Code: 52.1501
Occupational Area: Finance

Instructional Council: Business/Management (03)
GPA: 2.00
SOC Code:

Description: The Associate in Applied Science (AAS) in Certified Residential Appraiser prepare students for the appraisal of residential land and real property. Licensed Real Estate Appraisal students will be prepared for the National Uniform State Certified Residential Real Property Appraiser Examination or its equivalent. Upon completion students will have completed the necessary education requirements designated by the National Appraisal Qualification board.

Required Courses
BPC110 Computer Usage and Applications (3) OR
CIS105 Survey of Computer Information Systems (3) 3

+ GBS219 Statistics for Real Estate Appraisers 3
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
REA277 Statistics, Modeling and Finance 1
+ REA278 Advanced Residential Applications and Case Studies 1
+ REA281 Principles of Real Estate Law 3
+ REA282 Real Estate Finance 3
Credits: 24

Program Competencies
1. Use computer software to facilitate and implement information management. (BPC110, CIS105)
2. Collect, organize, present, analyze, and interpret numerical data using frequency distributions and graphical presentations. (GBS219)
3. Read, comprehend and apply basic land descriptions to real property. (REA281)
4. Identify real estate financing methods (REA282)
5. Describe real property concepts, characteristics, legal aspects, and other economic principles and appraisal ethics in practice. (REA270)
6. Analyze the valuation of procedures and property description for residential and commercial applications through use of practical applications and appraisal math. (REA271)
7. Explain the basic rules for ethical behavior and competent performance in appraisal as required by the Uniform Standards of Professional Appraisal Practice. (REA272)
8. Gather, evaluate and recognize market conditions affecting buyers and sellers and reporting values for markets, sub-markets, supply/demand analysis and market segmentation. (REA273).
9. Apply the cost approach for new and resale properties using appropriate theories and methodologies for obtaining residential site values. (REA274)
10. Analyze matched pairs, gross rent multipliers, and capitalization rates using the income approach for residential sales comparison including valuation principles and procedures. (REA275)
11. Explain the basics of essential writing skills in producing realistic appraisal reports. (REA276AA)
12. Calculate and analyze statistical information used in the valuation of a property, including the credit conditions and the loan process in appraising subject properties. (REA277)
13. Prepare a case study applying advanced residential valuation methods. (REA278)
MCCCD Governing Board Approval Date: 3-25-08

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.