State of the Real Estate Market: Myths & Reality
Everyone agrees that the real estate market is battered. Some real estate economists argue that the market has reached a bottom and are optimistic in their forecasts. Others paint a bleak and dreary picture of the market with no end to the downturn in sight. What is the truth? And how does an appraiser make an accurate assessment of market conditions?

The Bundle of Rights:
     Origins, Limitations, & Market Value
Property rights are the key to answering the question of market value. Moreover, they are linked to our humanity and they are essential to a free society. Full comprehension of market value requires a thorough understanding of the bundle of rights.

Principles of Real Property Valuation
Forming the foundation of real estate valuation are essential concepts that provide an understanding of value influences. These principles provide market insight and guidance in the application of appraisal methodology. The course will explore the most relevant of these principles including Marginal Productivity, Consistent Use, Anticipation, Highest & Best Use, and others.

The Dynamics of Supply & Demand
The principle of supply and demand affirms that price tends to vary directly according to demand and inversely proportional to supply. In many localities market forces are abnormally influencing supply and demand, and therefore prices. Since appraisals are made as of a specific effective date, it is important that these forces be carefully analyzed and their impact on value documented and explained.