This course covers the principles and practices of real estate appraisal, including general data analysis, residential real estate markets, neighborhood analysis, site description and analysis, highest and best use, specific data analysis, improvement analysis, principles of value, gross rent multiplier, and special appraisal techniques. This course also covers the three approaches to value--sales comparison (or market data), cost, and income--along with case studies and practice exercises pertaining to each approach. Real estate professionals who complete this course will have a thorough understanding of the steps involved in the appraisal process.