Whether an individual is buying or selling a piece of real property as their own home or as an investment, acting in a fiduciary capacity for a lending institution, or working directly for a county assessor or real estate appraiser, the question of the appropriate valuation to assign to a property is a paramount decision. All students need experience evaluating elements of real property valuation.

Students should complete the following valuation problems and submit them via the Assignment tool.

Problem 1 - Define the following terms (as used by an appraiser):

a. Accrued depreciation b. Physical deterioration c. Functional obsolescence d. Economic obsolescence

this is Finance real estate