Course Content and Outcome Guide for RE 210

Course Number:
RE 210
Course Title:
Real Estate Appraisal-Foundations
Credit Hours:
Lecture Hours:
Lecture/Lab Hours:
Lab Hours:
Special Fee:

Course Description

Basic principles, methods and techniques of determining the value of real estate in connection with transfer of ownership, financing and credit, just compensation in condemnation, and as a basis for taxation. Meets State of Oregon requirements for licensing/certification. Audit available.

Addendum to Course Description

Real Estate Appraisal Foundations is intended to be a student's initial real estate appraisal course.

Intended Outcomes for the course

  • Demonstrate an understanding of basic real estate appraisal concepts and methods.
  • Communicate effectively using standard real estate appraisal terminology.

Outcome Assessment Strategies

Students will be assessed by any combination of the following:

  1. Active participation in class
  2. Contextual written tasks (in or outside of class) to assess reading
  3. Homework assignments
  4. Oral responses to in class hypothetical
  5. Request for real life applications of course material
  6. In class, interactive student role-plays
  7. Quizzes and practice exams following State of Oregon Appraisal Certification and Licensure Board question format; Final comprehensive examination patterned after Oregon Real Estate Appraisal license exam

Course Content (Themes, Concepts, Issues and Skills)

Include all or most of the following:

  1. Value concepts
  2. Real estate law
  3. Money/capital markets
  4. Real estate finance
  5. Valuation process
  6. Neighborhood / area analysis
  7. Data collection
  8. Building construction, design, and function
  9. Highest and best use
  10. Three traditional approaches to value
  11. Reconciliation
  12. Valuation of partial interests