COLLEGE-WIDE COURSE CONTENT SUMMARY
REA 238 - PROFESSIONAL
APPRAISAL STANDARDS (1 CR.)
Examines the provisions
and standard rules that govern professional appraisal practices. Covers
the "Binding Requirements" and "The Specific Appraisal Guidelines" published
by The Appraisal Foundation. Lecture 1 hour per week.
GENERAL COURSE PURPOSE
Standards will help provide a clear understanding of the Uniform Standards,
which should help foster ethical behavior and competent performance.
ENTRY LEVEL COMPETENCIES
Prerequisite for this
course is REA 216 - "Real Estate Appraisal" or equivalent.
MAJOR TOPICS TO BE
Provisions and standard
rules of the Uniform Standards of Professional Appraisal practice and specific
A clear understanding
of ethical behavior and competent performance that relates directly to
the application of Appraisal methods and techniques
The use of hypothetical
examples illustrates situations based on Real Estate Appraisals
The "Binding Requirements"
The "Specific Appraisal
Guidelines" are emphasized
The Ethics Provision,
The Competency Provision, and The Departure Provision state specific regulations
relating to Appraisal Standards