NBIZ 041 - Real Estate Appraisal

This course provides a comprehensive overview of real estate appraisal principles and procedures. Topics include land values and their characteristics, the process of appraising, capitalization theory, site analysis, and construction methods. Students gain guided practice in accrued depreciation analysis, income and expense analysis, and techniques in the income approach method of appraising. This course is approved by the Department of Real Estate to meet the elective education requirements for the California Real Estate Salesperson License and the California Real Estate Broker License. Taken in sequence with NVOC 040, students earn the Certificate of Completion in Real Estate Principles and Appraisal issued by the California Community Colleges Chancellor’s Office.