Real Estate Division

CPD 105 - Highest and Best Use Analysis

Pre-requisite: None.

This lesson examines real estate market analysis in terms of how this impacts the most profitable legal use of property. The lesson offers a broad overview of how market forces shape residential, commercial, recreational, and community land uses. It then examines highest and best use analysis in detail, first offering a general overview of underlying theory and techniques, and then discussing highest and best use for both vacant and improved properties.

Course Outline

Foreword: Introduction to Professional Development Courses

Lesson 1: Market Studies and Highest and Best Use Analysis

  • Instructor's Comments
  • Market Analysis
  • Introduction to Highest and Best Use Analysis
  • Highest and Best Use Analysis for Vacant Sites
  • Highest and Best Use Analysis for Improved Properties
  • Highest and Best Use and the Law
  • Review and Discussion Questions

Afterword

  • The Final Examination

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