IAAO 201 Appraisal of Land

IAAO 201 Appraisal of Land taught by Barry Couch

Course Description:
Appraisal of Land is designed to provide the students with an understanding and working knowledge of the
procedures and techniques required to estimate the market value of land. This course concentrates on the
skills necessary for estimating land value primarily using the sales comparison approach.
Chapter 1: Introduction to Land Valuation is designed to provide students with a basic understanding of the
principles, factors, and processes that determine the value of land. Special emphasis is placed on the core principles
that determine Highest & Best Use because of the inter-relationship they have with all other aspects of
determining land value. This chapter will outline how residential, commercial, industrial and rural land values
are affected differently by environmental, economic, social and governmental factors.