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Center for Curriculum and Transfer Articulation
Licensed Real Estate Appraiser
Major: 5615
First Term: 2008 Summer I    Final Term: 2013 Fall
Award: CCL
Total Credits: 30
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 Certificate of Completion (CCL) in Licensed Real Estate Appraiser will prepare students for a career as a Real Estate Residential Appraiser. 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.

Consumer Program Costs and Career Information

Program Notes:
Students must earn a grade of "C" or better in all courses within the program.
+ indicates course has prerequisites and/or corequisites.

Required Courses
 Credits: 30
 BPC110Computer Usage and Applications (3) OR 
 CIS105Survey of Computer Information Systems (3)3
 OAS108Business English (3) OR 
 ENG101English Composition (3)3
 ECN211Macroeconomics (3) OR 
 ECN212Microeconomics (3)3
 REA282Real Estate Finance3
 GBS219Statistics for Real Estate Appraisers3
+REA281Principles of Real Estate law3
 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

Program Competencies
1.Use computer software to facilitate and implement information management. (BPC110, CIS105)
2.Organize writing to support a central idea through unity, coherence, and logical development appropriate to a specific writing context. (ENG101, OAS108)
3.Identify the determinants of supply and demand, and the effect on equilibrium price. (ECN211, ECN212)
4.Collect, organize, present, analyze, and interpret numerical data using frequency distributions and graphical presentations. (GBS219)
5.Read, comprehend and apply basic land descriptions to real property. (REA281)
6.Identify real estate financing methods. (REA282)
7.Describe real property concepts, characteristics, legal aspects, and other economic principles and appraisal ethics in practice. (REA270)
8.Analyze the valuation of procedures and property description for residential and commercial applications through use of practical applications and appraisal math. (REA271)
9.Explain the basic rules for ethical behavior and competent performance in appraisal as required by the Uniform Standards of Professional Appraisal Practice. (REA272)
10.Gather, evaluate and recognize market conditions affecting buyers and sellers and reporting values for markets, sub-markets, supply/demand analysis and market segmentation. (REA273)
11.Apply the cost approach for new and resale properties using appropriate theories and methodologies for obtaining residential site values. (REA274)
12.Analyze matched pairs, gross rent multipliers, and capitalization rates using the income approach for residential sales comparison including valuation principles and procedures. (REA275)
13.Explain the basics of essential writing skills in producing realistic appraisal reports. (REA276AA)
14.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)
15.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.