Course 101- Fundamentals of Real Property Appraisal

2020- Date and location TBD

Instructor: TBD

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 and improved properties. This course concentrates on the skills you need to estimate the market value of properties using two approaches to value: the cost approach and the sales comparison approach.

Exam: Yes
VMA II / IAAO recertification
Recommended textbook: Property Assessment Valuation (PAV) (3rd edition)
AQB approved: 33.50 hours CE with exam / 30 hours CE no exam

Course 112 –  Income Approach to Valuation II

2020- Date and location TBD

Instructor: TBD

This course is an intermediate level course designed for the practicing appraiser and builds on IAAO Course 102 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.

Exam: Yes
VMA III /IAAO Certification
Prerequisites: Course 101, Course 102
Recommended textbook: Fundamentals of Mass Appraisal
AQB approved: 33.50 hours CE with exam / 30 hours CE-no exam

Workshop 155 – Depreciation Analysis

2020- Date and location TBD

Instructor: TBD

This workshop provides a comprehensive, advanced treatment of the techniques of estimating depreciation of residential property. Through a series of market oriented case studies and demonstration problems, types of depreciation and generally recognized methods for measuring depreciation are covered, with emphasis on the observed condition method. Depreciation measurements are applied to a single subject property, providing experience in analyzing the advantages and limitations of each method.

Exam: Yes
VMPA / IAAO Recertification
Prerequisites: Course 101
CE credit: 15 hours

VALA IAAO Course/Workshop Matrix

VALA Education Course Plan (Vermont Property Assessor Program)