IAAO Course 101: Fundamentals of Real Property

Course Instructor: Sue Davison, CTA, SCGREA

Spring 2025 – (30 Hours)
8 Classes with optional 3-hour exam
NJ Recert Credits: 30

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Class Schedule

7 Evening 4-Hour Classes plus 1 Evening 2-Hour Class

• 4-Hour Classes: January 22, 26, 27, 29, February 2, 5, 9 (5:00 – 9:00 PM)
• 2-Hour Class: February 12 (5:00 – 7:00 PM)

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Course Description

Course 101 – Fundamentals of Real Property Appraisal (30 hours NJ CEU)

The Fundamentals of Real Property Appraisal is designed to provide students with an understanding and working knowledge of the procedures and techniques required to estimate the market value of vacant and improved properties.

This course concentrates on the skills necessary for estimating market value using two approaches to value: the cost approach and the sales comparison approach. Instruction includes lectures, classroom discussion, and homework problems to emphasize the main concepts and procedures taught.

This same information is taught to real estate appraisers on the private side by the Appraisal Institute. IAAO courses are AQB-approved and qualify students to take higher-level appraisal education courses.

SRM is included in the registration price.

Recommended Textbook: Property Assessment Valuation (PAV), 3rd Edition
Additional cost: $50.00 Please note on the registration form if you are purchasing the textbook.

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Registration Information

Course 101 ****** Class is limited to 10 students.

Email Registration: scdavison@hotmail.com

Registration Ends: January 8 at NOON
Materials will be ordered on January 8.

Mail Registration and Payment To:

NJ-IAAO c/o Erin Serfass
4567 Route 9 North
Howell, NJ 07731

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Fees

• NJ-IAAO Member Fee: $750
• Non-Member Fee: $800
• Textbook: Property Assessment Valuation – $50