5 courses with the subject REA, each shown exactly as we captured it from the college's catalog, with every element we hold. Where the wording looks broken, that is our reading of the catalog, not the college's text.
REA 111Intro Real Estate Appraisal R-1 2 0 02
Requisites: This course introduces the entire valuation process, with specific coverage of residential neighborhood and property analysis. Topics include basic real property law, concepts of value and operation of real estate markets, mathematical and statistical concepts, finance, and residential construction/design. Upon completion, students should be able to demonstrate adequate preparation for valuation principles and practices.
REA 112Valuation Principles & Practices R-2 2 0 02
This course introduces procedures used to develop an estimate of value and how the various principles of value related to the application of such procedures. Topics include the sales comparison approach, site valuation, sales comparison, the cost approach, the income approach, and reconciliation. Upon completion, students should be able to complete a Uniform Residential Appraisal Report (URAR).
REA 113Applied Residential Property Val R-3 1 0 01
This course covers the laws and standards practiced by appraisers in the appraisal of residential 1-4 unit properties and small farms. Topics include Financial Institutions Reform and Recovery Enforcement Act (FIRREA), and North Carolina statutes and rules. Upon completion, students should be able to demonstrate eligibility to sit for the NC Appraisal Board license trainee examination. REA-114 USPAP R-4 1 0 0 1 The course introduces all aspects of the appraisers' conduct, ethics, and competency. Topics include appraisal standards, reviews, reports, and the confidentiality provisions as set forth by the North Carolina Appraisal Board. Upon completion, students should be able to demonstrate a knowledge of appraisal standards and sit for the National USPAP examination.
Take REA-112; Take previously. Required. Take REA-113; Take previously. Required.
REA 210Site Value Cost Approach 1 0 01
This course teaches the concepts and methodology used for determining site value and the valuation of residential improvements using the cost approach. Topics include methods in site valuation, replacement/reproduction cost, estimating accrued depreciation, concepts/definitions, and case studies. Upon completion, students should be able to understand the concepts and applications of site valuation and cost approaches for residential properties. REA-214 Basic Appraisal Principle 2 0 0 2 Requisites: This course introduces the student to the entire concept of real estate appraisal and the valuation process. Topics include real property concepts and characteristics, legal considerations, influences on real estate value, types of values, and economic principles. Upon completion, students should be able to present an overview of real estate markets and analysis, and ethics, applying it to appraisal theory and practice. REA-215 Basic Appraisal Procedure 2 0 0 2 This course introduces procedures used to develop an estimate of value and how the various principles of value relate to the application of such procedures. Topics include an overview of approaches to value, valuation procedures, property description and residential applications. Upon completion, students should be able to identify and utilize the approaches to value for residential properties.
Take REA-219; Take previously. Required. Take REA-214; Take previously. Required.
REA 217National Uniform Standards of Professional Appraisal Practice 1 01
This course introduces all aspects of the appraisers146 conduct, ethics and competency. Topics include appraisal standards, reviews, reports, and the confidentiality provisions as set forth by the Appraisal Standards Board. Upon completion, students should be able to sit for the national Uniform Standards of Professional Appraisal Practice (USPAP) examination. REA-219 Residential Market Analysis 1 0 0 1 This course introduces students to the components of a market analysis and how to test for and analyze highest and best use. Topics include market fundamentals, characteristics and definitions, supply/demand analysis, use of market analysis, test constraints and application of the highest/best use, special considerations and case studies. Upon completion, students should be able to analyze residential markets and know the test constraints for highest and best use. 2017-2018 Catalog Volume 39 | Wake Technical Community College Last updated 6/20/2017 363
