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.
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The Real Estate Appraisal Techniques,Zoning Law, Condemnation Law Property Law, Tax Law, Real Estate Finance, Mortgage, Application Real Estate Report |
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Course Learning Outcomes
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Learning Outcomes |
Program Learning Outcomes |
Teaching Methods |
Assessment Methods |
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1) A clear understanding of main concepts in real estate market |
6,8 |
1,2,3 |
A,C |
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2) Ability to understand the real estate appraisal techniques |
12,17 |
1,2,3 |
A,C |
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3) Ability to study and research legal dimensions of real estate |
6,8 |
1,2,3 |
A,C |
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4) Ability to make decision about buying and selling real estate |
3,10,12,17
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1,2,3 |
A,C |
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5)Ability to decide about financing alternatives of real estate |
3,12,17
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1,2,3 |
A,C |
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6)Ability to interpret the appraisal report |
1,3,10 |
1,2,3,12 |
A,C |
Course Flow
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Week |
Topics |
Study Materials |
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1 |
The Real Property and The Appraisal Business |
Textbook |
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2 |
The Formal Appraisal Process |
Textbook |
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3 |
Applications of Valuation Approach Applications of Sales Comparison Approach
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Textbook |
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4 |
Applications of Valuation Approach Income Capitalization Approach
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Textbook |
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5 |
Applications of Valuation Approach Yield Capitalization Approach |
Textbook |
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6 |
The Law and Regulations : Zoning Law |
Textbook |
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7 |
The Law and Regulations :Condemnation Law |
Textbook |
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8 |
The Law and Regulations Property Law |
Textbook |
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9 |
Review & Midterm Exam |
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10 |
The Nature of Real Estate Finance |
Textbook |
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11 |
Mortgage |
Textbook |
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12 |
The Special Topics in The Appraisal of Real Estate |
Textbook |
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13 |
The Appraisal Report |
Report |
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14 |
Applications |
Report |
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15 |
Final Exam |
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Recommended Sources
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Textbook |
The Appraisal of Real Estate Appraisal Institute, Twelfth Edition |
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Additional Resources |
Real Estate Finance Theory and Practice, Clauretie & Sirmans, Thomson, Fifth Edition |
Material Sharing
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Documents |
The Law and Regulations related with Real Estate, website |
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Assignments |
The Study related with Real Estate Appraisal Report |
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Exams |
Midterm Exam and Final Exam |
Assessment
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ASSESSMENT |
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IN-TERM STUDIES |
NUMBER |
PERCENTAGE |
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Mid-terms |
1 |
50 |
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Quizzes |
2 |
30 |
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Assignment |
1 |
20 |
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Total |
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100 |
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CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE |
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50 |
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CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE |
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50 |
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Total |
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100 |
Course’s Contribution to Program
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COURSE'S CONTRIBUTION TO PROGRAM |
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No |
Program Learning Outcomes |
Contribution |
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1 |
2 |
3 |
4 |
5 |
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1 |
Gaining knowledge of business terms and applying these to institutions and business administrations. With this knowledge being able to analyze problems, and come up with creative solutions. |
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X |
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2 |
Commenting on the effect's of social behaviour, personality and organizational culture at the global level. |
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X |
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3 |
Applying knowledge acquired in the field. |
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X |
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4 |
Review of the economic and legal problems of organizations, and application of creative solutions. |
X |
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5 |
Being able to correctly investigate and interpret government policy effects on foreign trade. |
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X |
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6 |
Analyzing global order economically and politically, in addition being able to analyze the geographical affects of this perspective. |
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X |
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7 |
In organizational analysis being able to see unethical situations in advance and prevent them from occurring, also gaining the ability to apply these traits in functional areas. |
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8 |
Analyzing the great economies of the world and apprehending in what dimension added value for multi- national and financial fırms is created. |
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X |
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9 |
Presenting ınternational marketing bases and gaining the necessary traits to become a brand and develop better communication strategies. |
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X |
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10 |
To provide management, control and decision-making abilities and to use these in social and professional relationships. |
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X |
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11 |
Assessment of countries’ international economical policies on the bases of regional and foreign polices. |
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X |
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12 |
Understanding of statistical data, being able to implement and complete projects based on this data. |
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X |
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13 |
In the process of collecting and analyzing data, under the guidance of social responsibility, understandıng ethical principals and knowing how to implement them. |
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X |
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14 |
Using the projects generated for the betterment of society and sharing them with sensitivity. |
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X |
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15 |
Being able to take and implement strategic decisions on issues generated by cross cultural differences in international trade. |
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16 |
Under the guidance of ınternational relationships being able to analyze Turkey’s foreign policies and added value. In this perspective being able to interpret international and supra-national politics |
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X |
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17 |
Providing the information learned in a computing environment in order to provide functional values and analytical skills. |
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X |
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18 |
Gaining a fair understanding of national and international markets and having the skills to analyze the consumer affects in a common market. Being able to identify the right consumers. |
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X |
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ECTS
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ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION |
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Activities |
Quantity |
Duration |
Total |
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Course Duration (Including the exam week: 16x Total course hours) |
15 |
3 |
45 |
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Hours for off-the-classroom study (Pre-study, practice) |
15 |
4 |
60 |
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Mid-terms |
1 |
10 |
10 |
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Homework |
1 |
20 |
20 |
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Final examination |
1 |
15 |
15 |
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Total Work Load |
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150 |
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Total Work Load / 25 (h) |
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6.0 |
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ECTS Credit of the Course |
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6 |