IAAO COURSE AND WORKSHOP
DESCRIPTIONS
Course 101 - Fundamentals of
Real Property Appraisal
30 hours Department CE
credits
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 lectures, classroom discussion,
and homework problems to emphasize the main concepts and procedures taught in
the course.
Recommended: Property
Assessment Valuation (PAV) textbook, 3rd Edition
Course 102 - Income Approach to
Valuation
30 hours Department CE
credits
The Income Approach to Valuation
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
or improved properties by the income approach. The material 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. The Income Approach to Valuation
utilizes lectures, classroom discussion, and homework problems to emphasize the
main concepts and procedures taught in the course.
Recommended: Course 101,
Property Assessment Valuation (PAV) textbook, 3rd Edition
Course 300 - Fundamentals of
Mass Appraisal
30 hours Department CE
credits
This course provides an
introduction to mass appraisal and is a prerequisite for the 300 series of
courses offered by the IAAO. 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.
Recommended: Course 101, 102,
Fundamentals of Mass Appraisal, 1st Edition
Course 400 - Assessment
Administration
30 hours Department CE
credits
Course 400 provides fundamental
management concepts for management and supervisory personnel in the assessor’s
office. The course begins by emphasizing the need for management, and the
various roles placed on the assessor and all supervisory personnel. The course
then introduces the four major management functions (planning, organizing,
directing, and controlling). Although the four functions are interrelated, a
separate chapter is devoted to each one. This provides for a greater
understanding of the major functions.
Recommended: Course 101, The
Appraisal Foundation’s Uniform Standards of Professional Appraisal Practice
(USPAP) and Assessment Administration textbook.
Workshop 151 – USPAP (Uniform
Standards of Professional Appraisal Practice) (National)
15 hours Department CE
credits
This workshop covers materials
from The Appraisal Foundation, Uniform Standards of Professional Appraisal
Practice which includes: Definitions, Preamble, Ethics Rule, Competency
Rule, Departure Rule, Jurisdictional Exception Rule, Supplemental Standards
Rule, and Standards 1 through 10. Supplementary materials include The Appraisal
Foundation Uniform Standards of Professional Appraisal Practice (USPAP). This
workshop includes an exam on the third day.
http://www.in.gov/dlgf/files/130405_-_Wood_Memo_-__2013_IAAO_Course_Offerings_and_Registration.pdf
http://www.in.gov/dlgf/files/130405_-_Wood_Memo_-__2013_IAAO_Course_Offerings_and_Registration.pdf
