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Courses & Seminars
MARKET ANALYSIS AND HIGHEST AND BEST USE
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Course Description
Identifying and analyzing market forces affecting the buyers’ and sellers’ behavior is key to understanding and reporting values. This course is designed to give students the tools needed to properly collect and analyze market data. Markets, sub-markets, market segmentation, supply side analysis, demand analysis and the importance of market analysis to the appraisal process are covered in the first half of this course. The second half focuses on the theory of Highest and Best Use. The two-step analysis along with the four tests for Highest and Best Use are covered in detail. Drill problems and a short case study allow students to put into practice the techniques presented in the course. An exam is given at the completion of the course for students requesting pre-certification credit. Hondros Learning™ is the owner and developer of the course, with Cox Valuation Group being an authorized secondary provider and will conduct the course as approved by the Course Approval Program
Learning Objectives
- Demonstrate a basic knowledge of market fundamentals and market analysis
- Demonstrate a basic understanding of supply side analysis and demand side analysis
- Gain a general understanding of highest and best use
- Gain a general understanding of how to consider, test, and apply highest and best use
- COURSE TEXTBOOK: Real Estate Market Analysis and Highest and Best Use; New Edition No. 1;
Greensward Publications, Copyright 2004
COURSE CREDIT HOURS: Pre-licensing: 30 credit hours. Attendance is mandatory to receive course credit.
INSTRUCTION METHOD: Lecture and group exercises
TUTION: $450 (Includes Textbook) The student is required to bring the latest version of the Uniform Standards of Professional Practice. A calculator is required. The instructors will use an HP12C.
Basic Appraisal Procedures - This basic appraisal course provides an overview of real estate appraisal approaches to valuation procedures, value, property description, residential applications, commercial applications, improvement construction, home inspection, and appraisal math. Through theory, case studies, and examples, the course offers practical application of appraisal procedures. A calculator is recommended. AQB & KREAB Approved for 30 hours qualifying education and 28 hours of qualifying education.
PREQUISITE: Completion of Basic Appraisal Principles
Pre-requisites: Recommended completion of Basic Appraisal Principles and Basic Appraisal Procedures
Learning Objectives
- Demonstrate a basic knowledge of market fundamentals and market analysis
- Demonstrate a basic understanding of supply side analysis and demand side analysis
- Gain a general understanding of highest and best use\
- Gain a general understanding of how to consider, test, and apply highest and best use
Cost: $275 (Includes textbook)
Dates & Location: To be announced.
INSTRUCTOR COMMENTS: Highest and Best Use is unquestionably is the most critical part of the process. The heart of valuation when the value being sought is market value.
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