RELE 4707 Income Property Appraisal 3/0/3
Prerequisite: ( RELE 3705 or REA 305 ) or ( RELE 4701 or REA 401 )
Investigates the different techniques used by the professional appraisers to estimate the market value of income producing property. The use of income multipliers and capitalization rates and their deviation from market data is explored in-depth. A narrative appraisal of an income producing property is used to integrate the principles and concepts presented. Professional and ethical standards of behavior are also explored.