Certified Residential Appraiser
| Major: 3104 First Term: 2008 Summer I Final Term: Current Award: AAS Total Credits: 60-63 CIPS Code: 52.1501 | Initiating College: Mesa Community College Program Availability: College-Specific Occupational Area: Finance Instructional Council: Business/Management (03) GPA: 2.00 |
Detailed Program Information | |
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.
Program Notes:
Students must earn a grade of "C" or better for all courses required within the program.
+ indicates course has prerequisites and/or corequisites.
Program Notes:
Students must earn a grade of "C" or better for all courses required within the program.
+ indicates course has prerequisites and/or corequisites.
| Required Courses | |||
|---|---|---|---|
| Credits: 24 | |||
| 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 |
| Restricted Electives | |||
| Credits: 9-12 | |||
| OAS108 | Business English | 3 | |
| GBS151 | Introduction to Business | 3 | |
| MGT251 | Human Relations in Business | 3 | |
| MKT271 | Principles of Marketing | 3 | |
| REA179 | Real Estate Principles I | 3 | |
| + | REA180 | Real Estate Principles II | 3 |
| + | REA285 | Real Estate Selling | 3 |
| + | REA288 | Real Estate Investment Strategy | 3 |
| CSM/TQM101 | Quality Customer Service | 3 | |
| TQM240 | Project Management in Quality Organizations | 2 | |
| General Education Requirements | |||
| General Education Requirement | Credits: 27 | ||
| General Education Core | Credits: 17 | ||
| First-Year Composition | Credits: 6 | ||
| + | Any approved General Education course in First Year composition | 6 | |
| Oral Communication | Credits: 3 | ||
| + | Any approved General Education course in the Oral Communication Area | 3 | |
| Critical Reading | Credits: 3 | ||
| CRE101 | College Critical Reading (3) OR | ||
| Equivalent as indicated by assessment. | 3 | ||
| Mathematics | Credits: 5 | ||
| MAT120 | Intermediate Algebra | 5 | |
| General Education Distribution | Credits: 10 | ||
| Humanities and Fine Arts | Credits: 3 | ||
| Any approved general education course in the Humanities and Fine Arts Area | 3 | ||
| Social and 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. | 3 | ||
| 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) | ||
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.