Online Course Syllabi - Provides an outline of the topics covered in each of the online courses listed below.
Critical Issues Series - Understanding Intangible Assets
The Critical Issues Series - Understanding Intangible Assets online course is designed to help you identify intangible assets and provide you with a basic understanding of how to exclude them from real property assessments.
When you successfully complete this course you will have a better understanding of what intangibles are and why it's important to allocate their value. You'll learn about the three types of professionals who assess intangibles and the reasons why they do so. You'll be able to differentiate between property types that rarely have intangible value and those that may have intangible value. And most importantly you will learn how to deal with intangibles within the three main methods for estimating value
1. The Cost Method
2. The Sales Comparison Method
3. The Income Method (including the Management Fee or Rushmore technique)
IAAO recertification credit: 1 hour (Click here to purchase.)
Critical Issues Series - Commercial Big-Box Retail
The Critical Issues Series - Commercial Big-Box Retail online course is designed to explain what big-box retail (BBR) properties are, why BBR valuation is important in today's world, and why it is challenging. It identifies the key issues involved in BBR valuation and covers the concept of real property rights and definitions of value. You will learn how to use market segmentation to identify highest and best use and you will get an overview of the three main approaches to Fee Simple property valuations and how to reconcile them. This course is based on an in-depth IAAO white paper which is available for viewing and downloading in the course.
IAAO recertification credit: 2 hour (Click here to purchase.)
Cohort 101 - Fundamentals of Real Property Appraisal
The Fundamentals of Real Property Appraisal is designed to provide the 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 necessary for estimating the market value of properties using two approaches to value: the cost approach and the sales comparison approach. The Fundamentals of Real Property Appraisal utilizes video lectures, simulates classroom discussion, and provides chapter quizzes to emphasize the main concepts and procedures taught in the course. IAAO recertification credit: 30 hours (Click here to view the schedule and to register for this course.)
Cohort 102 - Income Approach to Valuation
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 or improved properties by the income approach. This course covers real estate finance and investment, capitalization methods and techniques, analysis of income and expenses to estimate operating income, selection of capitalization rates, and application of the approach. IAAO recertification credit: 30 hours. (Click here to view the course schedule and purchase the course.)
Self-Study 171 – IAAO Standards of Professional Practice and Ethics Not equivalent to USPAP.
This workshop gives an overview of the origins of IAAO and the mission and vision statements that guide the organization. It provides a look at the standards and ethical guidelines IAAO members adhere to, as well as organizational enforcement procedures. Practice in determining whether or not a situation is ethical under IAAO standards and guidelines is provided. In addition, a brief look at the Appraisal Foundation and USPAP are included. IAAO recertification credit: 7 hours (Click here to purchase.)
Self-Study 300 - Fundamentals of Mass Appraisal
This course provides an introduction to mass appraisal and is a prerequisite for the IAAO 300-level course series. Topics covered include single-property appraisal versus mass appraisal, components of a mass appraisal system, data requirements and analysis, introduction to statistics, use of assessment ratio studies in mass appraisal, modeling of the three approaches to value, and selection of a mass appraisal system. IAAO recertification credit: 30 hours
Cohort 331 - Mass Appraisal Practices & Procedures
This course is designed to build on the subject matter covered in Course 300 – Fundamentals of Mass Appraisal and prepare the student to take the more advanced mass appraisal courses. It teaches the student how to use Excel and SPSS to analyze data and apply it. Much of the emphasis will be on data accumulation and analysis primarily directed toward the cost approach. IAAO recertification credit: 30 hours (Click here to view the schedule and to register for this course.)
Self-Study 801 – Site Analysis
Site analysis and evaluation involves the collection and processing of information regarding the trends and factors affecting site value. Such methods also include the collection and analysis of the physical characteristics of the site. The course covers neighborhood and site analysis, residential and commercial valuation, and the principles influencing value. IAAO recertification credit: 10 hours (Click here to purchase.)
Self-Study 802 – An Introduction to the Cost Approach to Value
The cost approach provides a value indication that is the sum of the estimated land value and the estimated depreciated cost of the building. Also, the cost approach is based on a comparison between the cost to develop a property and the value of the existing property or similarly developed property. The course opens with a general review of real estate terms and concepts. Following the review, it covers various aspects of replacement and reproduction costs. IAAO recertification credit: 10 hours (Click here to purchase.)
Self-Study 803 – An Introduction to the Sales Comparison Approach to Value
The sales comparison approach uses the market to estimate value by comparing the subject to similar properties that have recently sold. This approach relies on the economic principles of supply and demand, substitution, and contribution. The course begins with an overview of the principles influencing value and moves into methods of collecting data. Referencing sources of market information, the following chapters cover neighborhood, site, and building analysis. IAAO recertification credit: 10 hours (Click here to purchase.)
Self-Study 804 – An Introduction to the Income Approach to Value
The income approach restates market value by converting the future benefits of property ownership into an expression of present worth. The course provides an in-depth understanding of income appraisal, to include; estimating net income, selecting a capitalization technique, and processing net income into an estimate of value. IAAO recertification credit: 10 hours (Click here to purchase.)
Self-Study 805 – Mass Appraisal of Residential Property
Mass appraisal is the systematic appraisal of grouped properties using standardized procedures and statistical testing. The course covers the statistical analysis of measures of central tendency and measures of dispersion as they relate to assessment uniformity. Methods and techniques of mass appraisal are applied through intensive case problem work. The recommended prerequisites for this course are Site Analysis and Evaluation, An Introduction to the Cost Approach to Value, An Introduction to the Sales Comparison Approach to Value, or IAAO Course 101, or the equivalent. IAAO recertification credit: 10 hours (Click here to purchase.)
Self-Study 808 – Mathematics for Assessors
This online workshop is designed to provide the student who plans on attending IAAO programs with an understanding of the mathematical concepts and techniques applied in the appraisal and assessment administration disciplines. It is designed for both the beginning student who has limited knowledge of mathematics and those who wish to refresh their mathematical skills. Topics covered include a review of basic mathematical functions, negative numbers, decimals, percentages, exponents, roots, mathematical notation, algebra, statistics, and graphs. This workshop includes an exam. Students will be required to provide their own HP12-C calculator for use in the class. IAAO recertification credit: 15 hours (Click here to purchase.)
Online Self-Study 809 – Online Excel Tutorial FREE!
This free tutorial is designed to offer to students the knowledge needed to successfully utilize Microsoft Excel with Mass Appraisal. (Click here to open course.)
Self-Study 810 – Understanding Real Property Appraisal
Designed to provide the students with a basic understanding of the procedures and techniques used within a mass appraisal office. This workshop introduces students to some of the concepts involved in using two approaches to value: the cost approach and the sales comparison approach. Understanding Real Property Appraisal utilizes a combination of reading material and assessments to emphasize the main concepts and procedures taught in the course. IAAO recertification credit: 15 hours (Click here to purchase.)
Self-Study 859 – SPSS For Appraisers
Designed to introduce appraisers to the use of the generic statistical package called SPSS to perform some basic analyses. It assumes a moderate level of appraisal knowledge and the availability of SPSS software. IAAO recertification credit: 14 hours (Click here to purchase.)
Self-Study - McKissock Online USPAP
IAAO is now partnering with McKissock, LP to provide our members with an online option of meeting their USPAP continuing education requirement. (Click here to access.)
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