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Course Details

Course Details

Course Code: BUSN221 Course ID: 2903 Credit Hours: 3 Level: Undergraduate

This course examines property rights and their valuations. Students will have the opportunity to discuss and review terminology, concepts, and best practices on the factors affecting the value of property rights as they relate to general economic theory and the real estate process. Topics will include real estate appraisal methods, valuation of residential and income-producing property, influences on market value, and trends in the appraisal industry.

Course Schedule

Registration Dates Course Dates Session Weeks
10/26/20 - 04/02/21 04/05/21 - 05/30/21 Spring 2021 Session B 8 Week session
11/30/20 - 04/30/21 05/03/21 - 06/27/21 Spring 2021 Session I 8 Week session
12/28/20 - 06/04/21 06/07/21 - 08/01/21 Spring 2021 Session D 8 Week session
01/25/21 - 07/02/21 07/05/21 - 08/29/21 Summer 2021 Session B 8 Week session
02/22/21 - 07/30/21 08/02/21 - 09/26/21 Summer 2021 Session I 8 Week session

Current Syllabi

After successfully completing this course, you will be able to

LO1: Identify real estate appraisal principles, concepts, and best practices.

LO2: Describe the appraisal profession, qualifications, licensing, and certification.

LO3: Discuss the real estate marketplace identifying the characteristics of markets, the cost of credit, how real estate is financed, and the elements that create value.

LO4: Discuss the details of the appraisal process including the steps, purpose, and limiting conditions.

LO5: Describe the process involved in building construction and the effects it has on the environment.

LO6: Describe and differentiate between the cost approach, sales comparison approach, and the income capitalization approach.

LO7: Identify and calculate appraisal math and statistics equations.

NameGrade %
Discussion Forums 50.00 %
Introduction Forum 5.56 %
Week 1 Forum 5.56 %
Week 2 Forum 5.56 %
Week 3 Forum 5.56 %
Week 4 Forum 5.56 %
Week 5 Forum 5.56 %
Week 6 Forum 5.56 %
Week 7 Forum 5.56 %
Week 8 Forum 5.56 %
Assignments 50.00 %
Assignment 1: Fixtures vs Personal Property (Due Week 3) 16.67 %
Assignment 2: Research Paper (Due Week 5) 16.67 %
Assignment 3: Estimate of Value (Due Week 7) 16.67 %

Web Sites

In addition to the required course texts, the following public domain web sites are useful. Please abide by the university’s academic honesty policy when using Internet sources as well. Note web site addresses are subject to change.

Site Name

Web Site URL/Address

The OWL at Purdue

APA Style Homepage

Book Title:Various resources from the APUS Library & the Open Web are used. Please visit to locate the course eReserve.*

Previous Syllabi

Not current for future courses.