Real Estate Division

CPD 144 - Geographic Information Systems and Real Estate

Pre-requisite: this course is an introductory overview and has no prior studies required. However, a basic familiarity  with real estate value fundamental and mapping concepts will be helpful.

This course explores the theories and principles underlying geographic information systems and illustrates how these apply in practice. Lesson 1 outlines the uses and applications of GIS in a variety of professional applications, including valuation and assessment, as well as uses beyond real estate. Lesson 2 explores how GIS can help with the mass appraisal of real estate, specifically how GIS can be integrated with Computer Assisted Mass Appraisal systems.  Professionals who have successfully completed the course will have gained knowledge of the many diverse uses of GIS and how they can be applied to improve real estate practices and procedures. 

Course Outline

Foreword:  Introduction to Professional Development Courses

Lesson 1: An Introduction to Geographic Information Systems (GIS)

  • Instructor's Comments 
  • History and Evolution of Geographic Information Systems 
  • GIS Components 
  • Maps: The Basis of GIS 
  • Adding Attribute Information 
  • GIS Tools 
  • GIS Applications 
  • In-Car Navigation 
  • What is GPS? 
  • GIS Applications for Real Property Valuation 
  • Conclusion 
  • Review and Discussion Questions 

Lesson 2:  Geographic Information Systems and Mass Appraisal

  • Instructor's Comments
  • GIS and Data Collection/Cleansing
  • GIS and Data Exploration
  • GIS and Model Specification
  • GIS and Model Testing
  • Case Study: Using GIS to Re-Evaluate Market Area
  • GIS and CAMA – What's Next?
  • Summary: GIS and CAMA Integration
  • Future Issues for GIS—Final Words
  • Beyond Assessment: A GIS Enterprise Solution
  • Conclusion
  • Review and Discussion Questions

Afterword:

  • The Final Examination

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