Real Estate Appraisal and Assessment Major – Diploma – Lloydminster Campus

Year I Required Courses
Credits

AC 130 Accounting I 3
AC 130 and AC 230 introduce concepts and applications of financial accounting. Topics include accounting concepts and principles, recording process, preparing financial statements, internal control, cash and receivables.
AC 230 Accounting II 3
Continuation of AC 130. Topics include: inventories, capital assets, current liabilities, owner's equity in partnerships and corporations, analyzing financial statements, statement of cash flows and accounting information systems. Emphasis on problem solving and application of financial accounting to real life situations. Provides experience in maintaining a manual accounting system. Prerequisite: AC 130.
BA 120 Organizational Behaviour 3
Look at behaviour of individuals and groups in organizational settings through theories and models and examine how such behaviour can be modified to improve organizational efficiency and effectiveness. Case studies, exercises and role-plays drawn from real life used to illustrate principles.
CO 131 Communications I 3
This course offers an opportunity for business students to improve their business communication skills. The course covers a broad spectrum of writing skills and business messages. Emphasis in this course is on writing and formatting a variety of business documents—emails, letters, memos, proposals, and instructions/procedures. Prerequisites: Grade XII English or equivalent.
CO 231 Communications II 3
This course offers an opportunity for business students to improve their skills in two specific areas: written and oral communication. The written component of this course requires students to learn the fundamentals of report writing. The oral component of this course utilizes different multimedia technologies to hone the students’ oral presentation skills. Upon completion of this course, students will have mastered the technical skills required for effective written and oral business communication skills. Prerequisite: CO131.
CU 248 Business Computer Applications 3
This course covers a combination of the following computer applications: file management (Windows), word processing (Word), spreadsheets (Excel), presentations (PowerPoint) and using relational databases (MS Access). More depth and application of topics follow overviews of each individual application. Business topics are stressed in examples used.
EC 111 Microeconomics 3
Microeconomics provides the analytical techniques needed to analyze and understand consumer behaviour, the production decisions of firm, market structures and market price mechanism. Prerequisite: Grade 12 Math or equivalent.
EC 211 Macroeconomics 3
Emphasis on national policies and impact on the Canadian economy. Other topics are national income accounting, inflation models, employment theory, business cycles, balance of payments and money and banking.
MA 101 Business Mathematics 3
Solution of practical financial and mathematical problems encountered in the business world is the focus. Review mathematics of ratios, percentage and basic algebra, and their applications to business problems. Principle of time value of money covered in-depth with its important applications to finance, investments and capital budgeting. Use of financial calculators emphasized.
MA 201 Business Statistics 3
This course in an introduction to statistical concepts and techniques, progressing to inferential statistics.  The techniques introduced are used in all the functional areas of business.  Topics include data presentation, probability distributions, sampling and estimation, hypothesis testing, time series analysis, non-parametric tests, regression, and correlation.
MK 170 Marketing Principles 3
Designed to develop knowledge and understanding of marketing techniques. Includes analysis of marketing operation, product assortment, price structure, channels of distribution, and promotion of goods and services.
Year II Required Courses
Credits

AP 310 Farmland Evaluation 3
Provides theory and practice in farmland assessment using Alberta Municipal Affairs Assessment Standards Guideline. Includes evaluation of farmland in relation to soils, climate, and productivity factors. Provides training in soil evaluation so you can successfully use the Alberta Municipal Affairs farmland assessment manual. Preparation of assessment reports and interpretation of aerial photographs, soil surveys, and county maps considered.
AP 320 Assessment Principles 3
Provides overview of property assessment and taxation system in Alberta. Advanced topics that govern assessment/taxation in urban and rural jurisdictions presented. Introduced to various aspects of provincial and local governmental responsibilities.
AP 330 Foundations of Real Estate Appraisal 3
Offers comprehensive coverage of all concepts and principles of real property appraising, together with technical skills required of applications of basic principles in practice. Focus on residential appraisal and cost estimating techniques used in the appraisal field and introduction to income property appraisal. Complete a residential property appraisal on single family dwelling. Co-requisite: CT 402.
AP 331 Real Estate Investment Analysis and Advanced Income Appraisal 3
Valuation techniques for real estate examined, including income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology. Prerequisite: AC 230 or consent of instructor in cases where AC 230 is taken concurrently.
AP 344 Statistical and Computer Applications in Valuation 3
Teaches fundamentals of exploratory data analysis and real property valuation. Practical uses of statistical and computer applications in determining and analyzing real estate value explored. Examining case studies and doing hands on computer work on student owned laptops, using statistical package, SPSS. Prerequisite: MA 201.
AP 443 Real Property Assessment Administration 3
This course introduces the student to the fundamentals of the real property assessment system for taxation and its administration.  Topics include property tax, assessment law, organizational structure, records and data systems, quality assurance and the application of mapping and GIS (geographic information systems).
AP 444 Computer Assisted Mass Appraisal 3
Advanced hands on course continues to use laptops and SPSS statistical package to develop cost and direct sales computer assisted mass appraisal (CAMA) models. Topics include more complex modelling and valuation techniques such as nonlinear programming and neural network. Integration of GIS (Geographic Information Systems) and CAMA (Computer Assisted Mass Appraisal) also studied. Prerequisites: AP 344 and MA 201.
CT 402 Residential and Commercial Property Analysis 3
Designed for those who require basic course in construction materials and theory. Covers interior and exterior materials with emphasis on residential, commercial and industrial construction, building codes and print reading. Introduction to residential cost estimating and in-depth study of commercial cost estimating techniques.
EC 300 Urban and Real Estate Economics 3
Examines urban land markets and development of cities using key economic principles. Principles used to analyze urban real estate market demand, land use, land value, location and growth over time. Prerequisite: EC 111.
LA 112 Canadian Real Property Law and Real Estate Ethics 3
Focuses on application of property law across Canada. Topics include: review of Canadian legal system, contract law, estates and interests in land, land registration, role of real estate agent, mortgage law, tenancies, condominium law, professional standards, and ethics.
BA 300 Co-op Internship 3
This course is a 16 week co-op internship where students receive an in-depth exposure to one employer organization. The work placement normally takes place with a business, not-for-profit, or government agency. Students have the opportunity to use the skills they learned during the first year of the Business Administration Program. P/F. Prerequisite: Maintain a 2.0 average in first year courses (based on a full course load). Co-requisite: Complete all scheduled co-op internship workshops.
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