The Appraisal of Real Estate

Course Code:

ATD 428

Course Type:

Area Elective

P:

3

Application:

0

Credits:

3

ECTS:

6

Course Language:

İngilizce

Course Objectives:

This course is designed to give education about real estate appraisal. It also covers some parts of real estate finance. It provides essential information for the profession and preparation for the licencing examination.

Course Content:

This course is designed to give education about real estate appraisal. It also covers some parts of real estate finance. It provides essential information for the profession and preparation for the licencing examination.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study

Course Evaluation Methods:

A: Testing, B: Presentation: ,C: Homework, D:Project, E:Laborotary

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
1) A clear understanding of main concepts in real estate market	6,8	1,2,3	A,C
2) Ability to understand the real estate appraisal techniques	12,17	1,2,3	A,C
3) Ability to study and research legal dimensions of real estate	6,8	1,2,3	A,C
4) Ability to make decision about buying and selling real estate	3,10,12,17	1,2,3	A,C
5)Ability to decide about financing alternatives of real estate	3,12,17	1,2,3	A,C
6)Ability to interpret the appraisal report	1,3,10	1,2,3,12	A,C

Course Flow

Week	Topics	Study Materials
1	The Real Property and The Appraisal Business	Textbook
2	The Formal Appraisal Process	Textbook
3	Applications of Valuation Approach Applications of Sales Comparison Approach	Textbook
4	Applications of Valuation Approach Income Capitalization Approach	Textbook
5	Applications of Valuation Approach Yield Capitalization Approach	Textbook
6	The Law and Regulations : Zoning Law	Textbook
7	The Law and Regulations :Condemnation Law	Textbook
8	The Law and Regulations Property Law	Textbook
9	Review & Midterm Exam
10	The Nature of Real Estate Finance	Textbook
11	Mortgage	Textbook
12	The Special Topics in The Appraisal of Real Estate	Textbook
13	The Appraisal Report	Report
14	Applications	Report
15	Final Exam

Recommended Sources

Textbook	The Appraisal of Real Estate Appraisal Institute, Twelfth Edition
Additional Resources	Real Estate Finance Theory and Practice, Clauretie & Sirmans, Thomson, Fifth Edition

Assessment

ASSESSMENT
IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	50
Quizzes	2	30
Assignment	1	20
Total		100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		50
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		50
Total		100

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the exam week: 16x Total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	4	60
Mid-terms	1	10	10
Homework	1	20	20
Final examination	1	15	15
Total Work Load			150
Total Work Load / 25 (h)			6.0
ECTS Credit of the Course			6

None

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