Concentrates on appraisal law in the state of Virginia, appraisal practices, principles, and theories with regard to their application to residential properties. Emphasizes the review of terms, concepts, and the valuation theories targeted to the residential examination. Lecture 1 hour per week.
GENERAL COURSE PURPOSE
This course is designed to provide the student with a review of the procedures and techniques required to estimate the market value of single-family residential properties both vacant subdivision tracts and improved units.
ENTRY LEVEL COMPETENCIES
Prerequisite is REA 216 - "Real Estate Appraisal" or equivalent.
Upon completion of this course, the student will have:
Learn how to use the Uniform Residential Appraisal Report
Revised Sp 99