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Elective Unit
CPPREP4004
Appraise property for agency purposes
50 hours
Elective Unit
Property Appraisal
Unit Overview
This unit describes the skills and knowledge required to appraise residential, commercial, and rural property for agency purposes, including conducting property inspections, market analysis, and providing valuation estimates to clients.
Learning Outcomes
- •Conduct thorough property inspections and assessments
- •Apply valuation methodologies and market analysis techniques
- •Analyze comparable sales and market trends
- •Prepare appraisal reports for clients and stakeholders
- •Communicate valuation findings and recommendations
Key Topics Covered
Inspection Techniques
- • Property assessment methods
- • Feature and condition evaluation
- • Documentation standards
Valuation Methods
- • Comparative market analysis
- • Sales comparison approach
- • Income capitalization
Market Analysis
- • Suburb and area research
- • Market trend identification
- • Supply and demand factors
Reporting
- • Appraisal report preparation
- • Client presentations
- • Professional opinions
Assessment
This unit is typically assessed through:
- •Property appraisal projects with full reports
- •Market analysis and comparable sales research
- •Practical inspection and valuation exercises