Online Courses

Online Courses

The following courses will be offered to members of the South African and Africa Chapter of the IAAO through the Chapter.  Course costs will be applicable.  These courses will be accredited by SACPVP for CET points and course registration procedures will be published on the website.

Course 100 – Understanding Real Property Appraisal

Understanding Real Property Appraisal is designed to provide the candidate with a basic understanding of the procedures and techniques used within a municipal valuation office and   Introduction to property rating and valuation theory.  This course also introduces the candidate to some of the concepts involved in using two approaches to value: the cost approach and the sales comparison approach.  This course will be useful to municipal officials who deal with municipal property rates and involved in valuation rolls and need an understanding.  The online course will be supported by IAAO instructors and local professionals during the course to provide guidance. Back to top

Course 101 (v2) – Fundamentals of Real Property Appraisal

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. Back to top

Online Self-Study 801 – Site Analysis

Site analysis and evaluation involves the collection and processing of information regarding the trends and factors affecting site value. Such methods also include the collection and analysis of the physical characteristics of the site. The course covers neighborhood and site analysis, residential and commercial valuation, and the principles influencing value.  IAAO recertification credit: 10 hours Back to top

Online Self-Study 802 – An Introduction to the Cost Approach to Value

The cost approach provides a value indication that is the sum of the estimated land value and the estimated depreciated cost of the building. Also, the cost approach is based on a comparison between the cost to develop a property and the value of the existing property or similarly developed property. The course opens with a general review of real estate terms and concepts. Following the review, it covers various aspects of replacement and reproduction costs. IAAO recertification credit: 10 hours Back to top

Online Self-Study 803 – An Introduction to the Sales Comparison Approach to Value

The sales comparison approach uses the market to estimate value by comparing the subject to similar properties that have recently sold. This approach relies on the economic principles of supply and demand, substitution, and contribution. The course begins with an overview of the principles influencing value and moves into methods of collecting data. Referencing sources of market information, the following chapters cover neighborhood, site, and building analysis. IAAO recertification credit: 10 hours Back to top

Online Self-Study 804 – An Introduction to the Income Approach to Value

The income approach restates market value by converting the future benefits of property ownership into an expression of present worth. The course provides an in-depth understanding of income appraisal, to include; estimating net income, selecting a capitalization technique, and processing net income into an estimate of value. IAAO recertification credit: 10 hours Back to top

Online Self-Study 805 – Mass Appraisal of Residential Property

Mass appraisal is the systematic appraisal of grouped properties using standardized procedures and statistical testing. The course covers the statistical analysis of measures of central tendency and measures of dispersion as they relate to assessment uniformity. Methods and techniques of mass appraisal are applied through intensive case problem work. The recommended prerequisites for this course are Site Analysis and Evaluation, An Introduction to the Cost Approach to Value, An Introduction to the Sales Comparison Approach to Value, or IAAO Course 101, or the equivalent. IAAO recertification credit: 10 hours Back to top

Online Course 809 – Online Excel Tutorial

This free tutorial is designed to offer to students the knowledge needed to successfully utilize Microsoft Excel with Mass Appraisal. Back to top