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Center for Curriculum and Transfer Articulation
Certified Residential Appraiser
Major: 3104
First Term: 2008 Summer I    Final Term: 2013 Fall
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.

Required Courses
 Credits: 24
 BPC110Computer Usage and Applications (3) OR 
 CIS105Survey of Computer Information Systems (3)3
+GBS219Statistics for Real Estate Appraisers3
 REA270Basic Appraisal Principles2
 REA271Basic Appraisal Procedures2
+REA272Uniform Standards of Professional Appraisal Practice (USPAP)1
 REA273Residential Market Analysis Highest and Best Use1
 REA274Residential Appraiser Site Valuation and Cost Approach1
+REA275Residential Sales Comparison and Income Approaches2
 REA276AAResidential Report Writing and Case Studies I1
 REA277Statistics, Modeling and Finance1
+REA278Advanced Residential Applications and Case Studies1
+REA281Principles of Real Estate Law3
+REA282Real Estate Finance3
Restricted Electives
 Credits: 9-12
 OAS108Business English3
 GBS151Introduction to Business3
 MGT251Human Relations in Business3
 MKT271Principles of Marketing3
 REA179Real Estate Principles I3
+REA180Real Estate Principles II3
+REA285Real Estate Selling3
+REA288Real Estate Investment Strategy3
 CSM/TQM101Quality Customer Service3
 TQM240Project Management in Quality Organizations2
General Education Requirements
General Education RequirementCredits: 27
General Education CoreCredits: 17
First-Year CompositionCredits: 6
+Any approved General Education course in First Year composition6
Oral CommunicationCredits: 3
+Any approved General Education course in the Oral Communication Area3
Critical ReadingCredits: 3
 CRE101College Critical Reading (3) OR 
  Equivalent as indicated by assessment.3
MathematicsCredits: 5
 MAT120Intermediate Algebra5
General Education DistributionCredits: 10
Humanities and Fine ArtsCredits: 3
 Any approved general education course in the Humanities and Fine Arts Area3
Social and Behavioral SciencesCredits: 3
 ECN211Macroeconomic Principles (3) OR 
 ECN212Microeconomic Principles (3)3
Natural SciencesCredits: 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.