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 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.

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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

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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

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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

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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

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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

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Online Course 808 – Mathematics for Assessors

This online workshop is designed to provide the student who plans on attending IAAO programs with an understanding of the mathematical concepts and techniques applied in the appraisal and assessment administration disciplines. It is designed for both the beginning student who has limited knowledge of mathematics and those who wish to refresh their mathematical skills. Topics covered include a review of basic mathematical functions, negative numbers, decimals, percentages, exponents, roots, mathematical notation, algebra, statistics, and graphs. This workshop includes an exam. Students will be required to provide their own HP12-C calculator for use in the class. IAAO recertification credit: 15 hours

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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.

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Online Course 810 – Understanding Real Property Appraisal

Designed to provide the students with a basic understanding of the procedures and techniques used within a mass appraisal office. This workshop introduces students to some of the concepts involved in using two approaches to value: the cost approach and the sales comparison approach. Understanding Real Property Appraisal utilizes a combination of reading material and assessments to emphasize the main concepts and procedures taught in the course. IAAO recertification credit: 15 hours

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Online Course 811 – Introduction to GIS

Geographic Information Systems have been used by assessors for many years now and one of the best known of these systems is ARCGIS developed by ESRI. This workshop will acquaint the student with some of the basic functionality of that system using a combination of written material, suggestions for practice using supplied data files and instructional videos. This workshop has no recommended prerequisites but assumes the student has direct access to the ARCGIS software. IAAO recertification credit: 18 hours

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Online Course 812 – Advanced Topics in GIS

Geographic Information Systems have been used by assessors for many years now and one of the best known of these systems is ARCGIS developed by ESRI. This workshop will take the student who has a basic understanding of GIS through more advanced topics using a combination of written material, suggestions for practice using supplied data files and instructional videos. This workshop has no recommended prerequisites but assumes the student has direct access to the ARCGIS software and basic knowledge of that software. IAAO recertification credit: 18 hours

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Online Course 859 – SPSS For Appraisers

Designed to introduce appraisers to the use of the generic statistical package called SPSS to perform some basic analyses. It assumes a moderate level of appraisal knowledge and the availability of SPSS software.  IAAO recertification credit: 14 hours

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