Statistics, Modeling and Finance - Georgia

15-hr Appraisal Pre-License Course

This course provides an in-depth look at statistical analysis, mathematical modeling and the principles of real estate finance. It teaches skills that are appropriate for appraisal of both residential and income producing properties.  The primary focus will be on residential applications.

This course is approved to meet the 2008 Appraiser Qualification Criteria by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation and the state of Georgia as course approval 54342.

The course is structured to conform to the 2008 Real Property Appraiser Qualification Criteria established by the Appraiser Qualifications Board (AQB) of the Appraisal Foundation. It is part of the Required Core Curriculum to become a Certified Residential or Certified General Appraiser.

Starting with a discussion and examples explaining the importance of statistical analysis for real property appraisers, it progresses through such topics as descriptive and inferential statistics, graphical analysis, measures of central tendency, and measures of dispersion.

There is a required 90-minute exam at the end that must be taken in a monitored classroom setting.

After you click the orange button, you will need to check the boxes for the courses you would like and click the "Enroll" button.  On the next page, you will need to click the "Register" link from the right side as a new user to create an account and begin your course.

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Statistics, Modeling and Finance - Georgia

Real Estate Appraiser License Course
 

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Mathematical and valuation modeling are demonstrated. In this same section, AVM’s are also covered, along with linear regression and multiple regression analysis.

The last section will investigate the history of financing and the flow of funds. The role of the Federal Reserve System will be explored, along with how mortgages work. There will be extensive analysis of mortgage types, terms, and calculations showing the effects of changes in terms of payment patterns.

An HP 12C calculator will be required for this course. Keystroke solutions will be provided throughout the course for the many statistical and financial problems employed.

What Students Will Learn

Upon completion of the course, the participant will be able to:

  • Relate instances in which statistics can be helpful to appraisers
  • Distinguish between descriptive and inferential statistics
  • Describe graphic analysis
  • Perform basic functions on an HP 12C calculator
  • Calculate a mean
  • Calculate a median.
  • Define a mode
  • Summarize the characteristics of each of the three measures of central tendency
  • Describe sampling techniques
  • Define and illustrate a range
  • Calculate an average deviation
  • Calculate a standard deviation
  • Describe the characteristics of a normal distribution
  • Describe and illustrate inferential statistics
  • Calculate areas under a normal curve
  • Describe the use of a coefficient of determination
  • Demonstrate linear regression
  • Describe and illustrate mass appraisals
  • Define and illustrate AVM’s
  • Be familiar with the supply and demand for money
  • Be familiar with sources of capital
  • Summarize the functions of the Federal Reserve Board
  • Describe the workings of the secondary mortgage market
  • Describe various kinds of creative financing
  • Describe and illustrate compounding and discounting
  • Calculate the Six Functions of a Dollar with the 12C calculator
  • Calculate mortgage payments
  • Create an amortization table
  • Calculate a balloon payment
  • Calculate the market value of a loan