Center for Curriculum and Transfer Articulation
Major: 5619N
First Term: 2008 Summer I   
Award: CCL  
Total Credits: 15
CIP Code: 52.1501
Occupational Area: Finance

Instructional Council: Business/Management (03)
GPA: 2.00
SOC Code: 11-9141, 13-2021, 41-9021

Description: The Certificate of Completion (CCL) in Residential Appraisal Trainee will prepare students for entry level employment as a trainee in Real Estate Appraisal. Licensed Appraisal students will gain entry level knowledge in the field of appraisal. Upon completion students will have completed the necessary education requirements designated by the National Appraisal Qualification board.

Required Courses
REA179 Real Estate Principles I 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
Credits: 15

Program Competencies
1. Describe real property concepts, characteristics, legal aspects, and other economic principles and appraisal ethics in practice. (REA270)
2. Analyze the valuation of procedures and property description for residential and commercial applications through use of practical applications and appraisal math. (REA271)
3. Explain the basic rules for ethical behavior and competent performance in appraisal as required by the Uniform Standards of Professional Appraisal Practice. (REA272)
4. Gather, evaluate and recognize market conditions affecting buyers and sellers and reporting values for markets, sub-markets, supply/demand analysis and market segmentation. (REA273).
5. Apply the cost approach for new and resale properties using appropriate theories and methodologies for obtaining residential site values. (REA274)
6. Analyze matched pairs, gross rent multipliers, and capitalization rates using the income approach for residential sales comparison including valuation principles and procedures. (REA275)
7. Explain the basics of essential writing skills in producing realistic appraisal reports. (REA276AA)
8. Explain basic principles of real estate relating to the profession, license law, real property, legal descriptions, ownership, contracts, economics, financing, foreclosure, land use, and valuation. (REA179)
9. 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)
10. 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.