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Center for Curriculum and Transfer Articulation
Residential Appraisal Trainee
Major: 5619
First Term: 2008 Summer I    Final Term: Current
Award: CCL
Total Credits: 15
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 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.

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: 15
 REA179Real Estate Principles I3
 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.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)