Property Valuation & Appraisal Standards

USPAP standards, the three approaches to value, CMA vs. formal appraisal distinctions, market analysis methodology, appraisal review red flags, and valuation in distressed markets.

6 Units

Early Units (Foundation)

Building Skills

Advanced Concepts

Capstone/Synthesis

USPAP: The Foundation of Professional Appraisal Practice

Examines the mandatory framework of USPAP, focusing on the Scope of Work Rule, Ethics Rule, and the consequences of non-compliance for real estate professionals.

20 minutes

The Three Approaches to Value: Sales Comparison, Cost, and Income

Explores the sales comparison, cost, and income capitalization approaches to value, including when each applies, required data, and the reconciliation process.

20 minutes

CMAs, BPOs, and Formal Appraisals: Scope, Standards, and Liability

Examines the legal and practical distinctions between CMAs, BPOs, and formal appraisals, including scope differences, USPAP applicability, and liability exposure for real estate professionals.

20 minutes

Market Analysis for Pricing Strategy: Absorption, DOM, and Adjustments

Explores quantitative market analysis techniques for pricing strategy, including absorption rates, days on market, price per square foot analysis, and evidence-based adjustment factors.

20 minutes

Appraisal Review and Red Flags: Bias, Scope Creep, and Independence

Examines appraisal review best practices and warning signs of flawed valuations, including bias indicators, scope violations, unsupported adjustments, and threats to appraiser independence.

20 minutes

Valuation in Distressed Markets: Foreclosures, REOs, and Stigmatized Properties

Examines valuation challenges in distressed markets, including the use of foreclosure and REO sales as comparables, stigmatized properties, and techniques for adjusting values during rapid market shifts.

20 minutes

Learning Progression

This course is designed to be taken sequentially. Earlier units establish foundational concepts that later units build upon. While you can explore units in any order, following the numbered sequence provides the most coherent learning experience.