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AQB approved, this 30-hour text is focused on market analysis and highest and best use with consideration for the appraisal process and the process of scope of work, and how these processes are interrelated. Using an open instructional design, each lesson blends theory and practice to engage users and pace material into manageable elements. "In Practice" scenario applications develop critical thinking skills in all real estate-related analysis and frequent reviews check student mastery. Authors Mark A. Munizzo and Lisa Virruso Musial are both practicing Certified General Real Estate Appraisers and award-winning instructors receiving the Instructor of the Year Award from the National Association of Independent Fee Appraisers (NAIFA) in 2002 and 2004 respectively. An Instructor Resource Guide, available online to adopters, provides timed lecture outlines, two final exams, exam answer keys w/rationale and PowerPoint instructional slides.
Introduction. Learning Objectives. Suggested Reading. I. THE APPRAISAL PROCESS. 1. The Methodology Trap. 2. The Appraisal Process. 3. The Processes within the Appraisal Process. II. MARKET ANALYSIS. 4. Market Analysis: Concepts and Definitions. 5. The Market Analysis Process. 6. Types of Market Analysis. III. HIGHEST AND BEST USE. 7. Highest and Best Use. 8. Market Analysis and Highest and Best Use. IV. MARKET ANALYSIS AND HIGHEST AND BEST USE CASE STUDIES. Appendix: Statistics - Basic Concepts for Market Analysis. Section Review Answer Key. Index.