Course Overview
Competency in evaluating the market value of a real property asset is essential for the real estate professional. This course introduces students to the four fundamental approaches typically considered in advance of competently and efficiently completing an evaluation mandate. Students will learn to confidently establish value in yesterday's, today's, and tomorrow's residential and commercial markets. Learning is demonstrated through a combination of individual examination and individual and team-based case-study reports.
Prerequisite(s)
Credits
4.0
- Not offered this term
- This course is not offered this term. Notify me to receive email notifications when the course opens for registration next term.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Assess which approach to apply to a real estate property evaluation mandate to ensure optimum reliability of evaluation conclusion and recommendation.
- For any of yesterday, today, or future time frames, determine the market value for each of both residential, and commercial properties.
- Develop the market value for a specific property, including the reason for the selected approach, the evaluation workup, the applied outcome, and the final recommendation.
- Align real property market valuations with BC Real Estate Regulatory guidelines.
- Demonstrate ethical decision-making and fiduciary care of clients in establishing market evaluations of real property assets.
Effective as of Winter 2023
Related Programs
Real Property Valuation – Residential and Commercial (MKTG 4200) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Marketing Management (Professional Real Estate Option)
Diploma Full-time
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