R7 Market Analysis & Highest and Best Use July 25 – 26, 2022 – 8:30AM $189.
Approved for Appraisers
It is impossible to replicate the rich learning experience of the classroom through a Online program and a computer screen. The Professional Career Center has been training New York real estate licensees in our classroom for over 25 years at the same Syracuse, New York location. The ability to ask questions and participate in classroom discussions can not be replicated through email or chat. Our instructors are experienced New York licensed real estate professionals. They use their real life experiences (in New York real estate) to bring the curriculum alive for better understanding and a livelier presentation. Many online programs feature experienced instructors…in most cases, that experience wasn’t from practice in New York.
Identifying and analyzing market forces affecting the buyers and sellers’ behavior is key to understanding and reporting values. This course is designed to give students the tools needed to properly collect and analyze market data. Markets, submarkets, market segmentation, supply side analysis, demand analysis and the importance of market analysis to the appraisal process are covered in the first half of this course. The second half focuses on the theory of highest and best use. The two-step analysis along with the four tests for highest and best use are covered in detail. A short case study allows students to put into practice the techniques presented in the course. An exam is given at the completion of the course for students requesting precertification credit.