Instructor - Mark Polon

This is a 10 hour course and costs $95

This course shows you how to use effective valuation methodologies in markets with limited comparable sales data. The ability of the Real Estate professional to provide reasonable and logically obtained asset value data fosters confidence in the decisions made using the valuations.

Course Summary

This course explains 10 valuation methodologies and ranks their effectiveness in markets lacking comparable sales data. Each method is explained and demonstrated through examples and case studies. At the end of this course, you will be able to: recognize the relationship between outside and inside influences on the value of a real estate asset; identify alternatives for creating reliable valuations of real estate assets; define the relationship of the capital market to the space and property market; analyze the value of existing income producing assets including office, retail, industrial, and apartment; examine viability of contract rent and the prediction of market vacancies; calculate various measures of return and performance on all varieties of income producing real estate; choose between the most reliable methods of valuation based on current market conditions; and predict future income for an asset based on market conditions and contract tent.

How do I take this course?

This course delivers 10 hours of video lecture presentations on key topics in the valuation of income producing properties. You can download and print a copy of the presentation slides, and make notes as you follow along. To make it easier to absorb the material, each hour is divided into short segments, of about 15 minutes each. You can watch as many, or as few segments each day, or each week, in your own time. Each segment is followed by a short quiz to help you review, and test yourself about what you have learned. There is also a forum discussion, so you can talk, get help, and just be social as you journey through commercial real estate appraisal with others online.

Do I get a Certificate of Completion?

Yes. On completion of this course, you will be able to print a Certificate of Completion showing the overall average that you achieved in all of the quizzes. You may be able to take this to your university or college to ask for transfer credits, or to your professional association to see if you can be awarded continuing education credits.

This introductory session reviews the four primary types of property, and surveys the methods for valuation decisions. You will also learn how Mueller's real estate market cycle model impacts on valuation decisions.

This session describes demographics, geographics, and psychographics as quantifiable statistics used in creating reliable real estate valuations. It also shows you how to obtain and interpret reliable data, such as from government information like the US Census.
This session delves into the relationship between overall market conditions and the value of real estate. While historical data on real estate values is important, it needs to be placed in the context of the overall economy's cycles. This session shows you what key variables to look for in examining market cycles, including market data as well as consumer confidence.
Cost of Financing is a key indicator for trends in commercial real estate. The relationship between capital markets and real estate is discussed in this session. You will understand how various factors influence the real estate market, like interest rates, inflation, exchange rates and foreign investment in a real estate market, as well as the relationship between the commercial and residential real estate markets.
This session shows you how to examine the financial performance of income producing properties. It begins with an analysis of Gross Rent Multiplier and Capitalization Rates as two forms of direct capitalization. It shows you how to calculate the cap rate, net present value, and the net operating income of income producing real estate.
This session begins the analysis of the office case study. Here you will follow a seasoned real estate appraiser as he goes through each valuation method methodically, and then uses professional judgment and reasoned arguments as he compares all of the spreads in front of him.
This session continues the analysis of the office case study. Here you will follow a seasoned real estate appraiser as he goes through each valuation method methodically, and then uses professional judgment and reasoned arguments as he compares all of the spreads in front of him.
The valuation of retail and industrial properties is quite different from each other, and in the next two sessions, Mark Polon illustrates exactly how. Drawing on the models and methodologies outlined in the previous sessions, you will learn how to use them, determine their usefulness to a particular case, and then select the one that works the best.
This session illustrates the same process of selecting the appropriate method to determine a valuation, this time in a case study involving industrial real estate.
This final session illustrates how to select the most appropriate valuation method for multi-family real estate.

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