Curriculum for the 28th Appraisal Course
October 1 to 28, 2005 Orientation
Fri. Arrivial Sep. 30 Sat. Oct.1
Orientation (09:00-10:30) Director Chiu
Course Introduction (10:50-12:10) Wayne Foss
Welcome Taoyuan Tour Reception (14:30-17:00) (12:30-14:00)
Sun. Holiday Activity Oct. 2 Week 1 09:00-09:50
Module I - Appraisal Theory and Practice 10:00-10:50 11:00-11:50 14:00-14:50 15:00-15:50
Principles of Valuation Wayne Foss Units of Comparison, Research Dan Swango Country Presentation Wayne Foss Quiz Wayne Foss Estimating Expenses
16:00-16:50
Concepts of Appraisal
Evening
Speaking Chinese 1 (19:00-20:00) Judy Chung
Current Issues, Overview Real Estate Mon. Terminology Challenges, Appraisal Tax Valuation Oct. 3 Client Service Wayne Foss Neighborhood Site, Highest and Estimating Site Tue. / Market Area Improvement Best Use Value Oct. 4 Analysis Analysis Wayne Foss Site Values, Site Value Cost Approach Quiz Wed. Tables, Rules, Problems Introduction Oct. 5 Guides Wayne Foss
Thu. Oct. 6
Comparison Adjustments
Country Presentation Ethics, Standards, GIM
Depreciation - Depreciation - Cost Approach Cost Approach Physical Obsolescence Problems Summary Introducing Income Approach Wayne Foss Estimating Income, Forecasting Wayne Foss
Fri. Oct. 7
Land and People of Taiwan, the ROC (13:30-16:30) Jonathan Chang
Sat. Holiday Activity Oct. 8 Sun. Free Time Oct. 9 Week 2 09:00-09:50 10:00-10:50 Mon. Oct. 10
11:00-11:50
14:00-14:50
15:00-15:50
Country Presentation Dan Swango Country Presentation Dan Swango
16:00-16:50
Country Presentation
Evening
NOI & DCF Forecasting Income Approach Problems
Tue. Oct. 11
Capitalization Capitalization - Capitalization Rate Introduction Techniques Development Dan Swango Introduction Research, Comparison Sales Units of Adjustments Comparison Comparison Dan Swango
Country Presentation
Appraisal Forms Wed. Oct. 12 (Residential, Commercial)
Review - Exam Preparation
Dan Swango
Review - Exam Preparation Dan Swango Review - Exam Results Dan Swango
Thu. EXAM - Module I Oct. 13 Dan Swango Fri. Field Trip (- Visiting Taipei City Government) Oct. 14 Sat. Free Time Oct. 15 Sun. Free Time Oct. 16
Get-together Party
Module II - Computer Assisted Mass Appraisal
Week 3 09:00-09:50 Mon. Oct. 17
10:00-10:50
11:00-11:50
14:00-14:50
15:00-15:50
16:00-16:50
Evening
Speaking Chinese 2 (19:00-20:00) Judy Chung
What Is CAMA and Where Does It Come From? Dominique Fischer
Appraisal Objective: Property Taxation
Dominique Fischer Local Values and Local Economy: the Valuation Paradigm and Value Modeling Tue. Linkage(Computer Lab.) Oct. 18 Dominique Fischer Dominique Fischer How to Calibrate the 3 Approaches to How to Model and How to Feed Models Wed. Value(Computer Lab.) Oct.19 Dominique Fischer Dominique Fischer Computer Lab Exploration of Simple Computer Lab Exploration of Simple Thu. Valuation Models, Hardware and Software Valuation Models, Hardware and Software Oct. 20 Dominique Fischer Dominique Fischer
Field Trip - Visiting Bureau of Land Administration, Taichung City Government Fri. Oct. 21 - Visiting Chunghsin Local Land Office, Taichung City Government - Tour to Sun Moon Lake
Sat. - Tour to Sun Moon Lake Oct. 22 Sun. Free Time Oct. 23 Week 4 09:00-09:50
Field Trip
- Tour to Formosan Aboriginal Culture Village
Module III - Condemnation and Emient Domain 10:00-10:50 11:00-11:50 14:00-14:50 15:00-15:50 16:00-16:50
Property Rights Land Use Regulation Steve Roach Description The Appraisal Larger Parcel and Valuation Process in Valuation of the Part Condemnation Taken Steve Roach The Larger Parcel
Evening
Premise, Overview The Litigation Introduction to Mon. Condemnation Environment Condemnation Oct. 24 Steve Roach Measurements Measurements of Just of Just Tue. Compensation Oct. 25 Compensation (cont.) Steve Roach Description Damages and and Valuation Benefits in Wed. of the Partial Oct. 26 Remainder Acquisitions Steve Roach
Thu. Oct. 27
Defining the Project
Damages and The Appraisal Inverse Benefits in The Appraisal Report and Condemnation, Partial Report and Other Issues Data Acquisitions Other Issues (cont.) Verification (cont.) Steve Roach EXAM - Module III (14:00 - 17:00) Steve Roach
Commencement (11:00-12:00) Luncheon Party (12:00-13:30)
Review - Exam Preparation (09:00-11:30) Steve Roach
Farewell Party (19:00 - 20:30)
Fri. Oct. 28
Review - Exam Results (09:00-10:30) Steve Roach
Departure for Home
Sat. Departure for Home Oct. 29