Appraisal, Assessment & Valuation (AP) |
CREDITS |
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AP |
310 |
Farmland Evaluation |
3 |
This course provides theory and practice in farmland assessment according to Alberta Municipal Affairs Assessment Standards Guidelines. It includes the evaluation of farmland in relation to soils, climate, and productivity factors. The course provides training in soil evaluation to a level that students can successfully use the Alberta Municipal Affairs farmland assessment manual. The preparation of assessment reports and interpretation of aerial photographs, soil surveys, and county maps will be considered. Prerequisite: none. Co-requisite: none. |
|
AP |
320 |
Assessment Principles |
3 |
This course provides an overview of the property assessment and taxation system in Alberta. Advanced topics that govern assessment/taxation in both urban and rural jurisdictions are presented. Students are introduced to various aspects of provincial and local governmental responsibilities. Prerequisites: AP 310 and AP 344. Co-requisite: AP 444. |
|
AP |
330 |
Foundations of Real Estate Appraisal |
3 |
This course offers a comprehensive coverage of all concepts and principles of real property appraising, together with the technical skills required of the application of basic principles in practice. The course focuses on residential appraisal and cost estimating techniques used in the appraisal field and an introduction to income property appraisal. The student completes a residential property appraisal on a single family dwelling. Prerequisite: none. Co-requisite: CT 402. |
|
AP |
331 |
Real Estate Investment Analysis and Advanced Income Appraisal |
3 |
Valuation techniques for real estate are examined, including the income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology. Prerequisite: AC 230. |
|
AP |
344 |
Statistical and Computer Applications in Valuation |
3 |
This course teaches the fundamentals of exploratory data analysis and real property valuation. Practical uses of statistical and computer applications in determining and analyzing real estate value are explored. This is done by examining case studies and doing hands on computer work on student owned laptops, using the 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). Prerequisite: none. Co-requisite: AP 330. |
|
AP |
444 |
Computer Assisted Mass Appraisal |
3 |
This is an advanced hands on course in which students continue to use their laptops and the SPSS statistical package to develop cost and direct sales computer assisted mass appraisal (CAMA) models. Topics include more complex modeling and valuation techniques such as nonlinear programming and neural network. The integration of GIS (Geographic Information Systems) and CAMA (Computer Assisted Mass Appraisal) is also studied. Prerequisites: AP 344 and MA 201. |
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