Course Outline

BUSI 499 Income Property Guided Case Study (2 terms, 6 credits)

LESSON 1: Appraisal Process and Course Expectations
LESSON 2: Critical Thought
LESSON 3: Principles of Research
LESSON 4: Market Research and Subject Property Identification
LESSON 5: Data Analysis and Tools
LESSON 6: Report Writing - General
LESSON 7: Title Searching - Land Titles Office and Registry Office Information
LESSON 8: Area and City Analysis, and Neighbourhood Analysis
LESSON 9: Site and Improvements Description, and Assessment and Taxes
LESSON 10: Zoning/Land Use Controls, and Highest and Best Use
LESSON 11: Cost Approach - Land Value
LESSON 12: Cost Approach - Cost Analysis
LESSON 13: Cost Approach - Depreciation Analysis and Summary of the Cost Approach
LESSON 14: Direct Comparison Approach
LESSON 15: Income Approach - Income and Expense Analysis
LESSON 16: Income Approach - Capitalization Process and Summary of the Income Approach
LESSON 17: Reconciliation, Certification, and Introduction
LESSON 18: Summary and Linkages
LESSON 19: Submission of the Narrative Appraisal Report

Course Structure

14 assignments: 50% of final grade.
Final assignment: 50% of final grade.

Textbook

Textbook sold separately: Appraisal of Real Estate (3rd Canadian Edition), $103.95 (includes taxes). Can be purchased directly from the Real Estate Division's Online Bookstore.

Additional Requirements: Please note that this course presents a structured approach to assist students in achieving the guided case study requirement for designation with the Appraisal Institute of Canada (or demonstration appraisal report requirements for other professional associations). As a real-world, practical valuation exercise, the course requires considerable independent research; UBC’s tutors offer guidance, but students must find all necessary data and documents on their own. This may incur additional fees, potentially up to several hundred dollars. Students who are not currently working in a valuation-related field may experience challenges in finding sufficient data – working in real estate is not a requirement, but it is an asset in successfully completing this exceptionally challenging course.

Additional Resources

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