MarketAnalysis and Highest and Best Use  ispart of the residential appraisal series of classes and a prerequisite coursefor obtaining a license as a  Trainee,Licensed Residential,  CertifiedResidential or Certified General Appraiser.

Thiscourse is designed to meet the 15 hours required by the AppraiserQualifications Board and the State of New York for Qualifying Education for anyclass of real estate Appraiser.  Studentswill need to take and pass this course before they apply for any class ofappraisal license.

Thecourse focuses on giving the student a basic knowledge of market fundamentalsand market analysis as well as developing an understanding of how to consider,test, and apply highest and best use.  Thetheory of Highest and Best Use and the four tests for Highest and Best Use arecovered in detail.  Emphasis is also  placed on teaching the students the toolsneeded to properly collect and analyze market data. The course covers theanalysis of  markets and sub-markets,market segmentation, supply side analysis, demand analysis and the importance of market analysis to the appraisalprocess.  Acalculator (HP12C) is  recommended.

Classroom sessions blend theory and practice to engage students. The concepts arereinforced through classroom discussion, drill problems and periodicdiagnostic.   By successfully completingthe course and exam, you will have met the states’ education requirements inthe content area identified as “Market Analysis and Highest & Best Use”.

Jeffrey Beal, CSA-G has more than 30 years of experience in multiple phases of the real estate industry and has been a licensed Certified General Appraiser since 1992. He has consulted and testified as an expert in local, state and federal cases in all types of matters related to a wide variety of real property or interests in same were there is an issue of valuation, loss in value or of damages.