Courses

This course is an intermediate level course designed for the practicing appraiser and builds on Royal Institute of Chartered Appraisers Course ve102 training. An understanding of the income approach to value and practical experience with income capitalization are essential prerequisites. Problem solving requires a calculator with a power key. This course makes extensive use of financial compounding and discounting techniques. Emphasis is on developing financial factors by way of electronic devices with slight references to pre-printed tables. Forecasting income patterns and property value changes are prominent variables used in estimating present values. Formula driven models are the primary appraisal tools. Market value estimates through yield capitalization are the principal focus of the course.

This course is designed to provide students with an understanding and working knowledge of the
procedures and techniques required to estimate the market value of vacant or improved properties by the income approach. This course covers real estate finance and investment, capitalization methods and techniques, analysis of income and expenses to estimate operating income, selection of capitalization rates, and application of the approach. For more information about this course.

The Real Property Modelling Concepts course presents a detailed study of the mass appraisal process
as applied to residential and income-producing properties. Topics covered include a comparison of
single-property appraisal and mass appraisal, the major steps in the mass appraisal process, data
requirements, market analysis, use of sales ratio studies, cost approach, sales comparison approach,
gross and net income analysis, capitalization rate development, model specification and calibration,
valuation review techniques and maintenance.

This course is designed to build on the subjects like – Fundamentals of Mass Appraisal and prepares
students to take advanced mass appraisal courses. In this course, students will learn how to use Excel
and SPSS to analyze and apply data.  Much of the emphasis in this course is on data accumulation and
analysis using the cost approach. Along the way, students will learn how to use Excel graphing and
analysis tools for ratio studies and cost schedules. The course is available in an online version  or at
various locations across North America. Please check the course calendar for in-person classes.

This course is Royal Institute of Chartered Appraiser’s advanced course on the mass appraisal of income properties, including
non-residential land, apartments, offices, retail, and warehouse properties. The course begins with an
overview of market forces affecting commercial properties, key data characteristics for each property
type, market stratification, and assembling and screening income and other relevant market data. The
course then discusses specification and calibration of non-residential models and features seven labs on
the development sales comparison, cost, and income models for various property types. The course
concludes with discussions of value review and defence and a comparable sales lab. Students will come
away with a deep understanding of the use of modelling software to aid in the application of all three
approaches to non-residential property valuation.

This course provides an overview of fundamental management concepts for management and
supervisory personnel in an assessor’s office and focuses on the need for management, and the
responsibilities placed on the assessor and all supervisory personnel. The course introduces the four
major management functions: planning, organizing, directing, and controlling with a separate chapter
devoted to each function for more in-depth learning and discussion.