Real Estate Appraisal and Assessment Major - Courses

CAMPUS: Lloydminster Campus
Year I Required Courses CREDITS
AC 130 Accounting I 3
AC 130 and AC 230 introduce concepts and applications of financial accounting. Topics include accounting concepts and principles, recording process, preparing financial statements, internal control, cash and receivables.
AC 230 Accounting II 3
Continuation of AC 130. Topics include: inventories, capital assets, current liabilities, owner's equity in partnerships and corporations, analyzing financial statements, statement of cash flows and accounting information systems. Emphasis on problem solving and application of financial accounting to real life situations. Provides experience in maintaining a manual accounting system. Prerequisite: AC 130.
BA 120 Organizational Behaviour 3
Look at behaviour of individuals and groups in organizational settings through theories and models and examine how such behaviour can be modified to improve organizational efficiency and effectiveness. Case studies, exercises and role-plays drawn from real life used to illustrate principles.
CO 131 Communications I 3
This course offers an opportunity for business students to improve their business communication skills. The course covers a broad spectrum of writing skills and business messages. Emphasis in this course is on writing and formatting a variety of business documents—emails, letters, memos, proposals, and instructions/procedures. Prerequisites: Grade XII English or equivalent.
CO 231 Communications II 3
This course offers an opportunity for business students to improve their skills in two specific areas: written and oral communication. The written component of this course requires students to learn the fundamentals of report writing. The oral component of this course utilizes different multimedia technologies to hone the students’ oral presentation skills. Upon completion of this course, students will have mastered the technical skills required for effective written and oral business communication skills. Prerequisite: CO131.
CU 248 Business Computer Applications 3
This course covers a combination of the following computer applications: file management (Windows), word processing (Word), spreadsheets (Excel), presentations (PowerPoint) and using relational databases (MS Access). More depth and application of topics follow overviews of each individual application. Business topics are stressed in examples used.
EC 111 Microeconomics 3
Microeconomics provides the analytical techniques needed to analyze and understand consumer behaviour, the production decisions of firm, market structures and market price mechanism. Prerequisite: Grade 12 Math or equivalent.
EC 211 Macroeconomics 3
Emphasis on national policies and impact on the Canadian economy. Other topics are national income accounting, inflation models, employment theory, business cycles, balance of payments and money and banking.
MA 101 Business Mathematics 3
Solution of practical financial and mathematical problems encountered in the business world is the focus. Review mathematics of ratios, percentage and basic algebra, and their applications to business problems. Principle of time value of money covered in-depth with its important applications to finance, investments and capital budgeting. Use of financial calculators emphasized.
MA 201 Business Statistics 3
This course in an introduction to statistical concepts and techniques, progressing to inferential statistics.  The techniques introduced are used in all the functional areas of business.  Topics include data presentation, probability distributions, sampling and estimation, hypothesis testing, time series analysis, non-parametric tests, regression, and correlation.
MK 170 Marketing Principles 3
Designed to develop knowledge and understanding of marketing techniques. Includes analysis of marketing operation, product assortment, price structure, channels of distribution, and promotion of goods and services.
Year II Required Courses CREDITS
AP 310 Farmland Evaluation 3
Provides theory and practice in farmland assessment using Alberta Municipal Affairs Assessment Standards Guideline. Includes evaluation of farmland in relation to soils, climate, and productivity factors. Provides training in soil evaluation so you can successfully use the Alberta Municipal Affairs farmland assessment manual. Preparation of assessment reports and interpretation of aerial photographs, soil surveys, and county maps considered.
AP 320 Assessment principles 3
Provides overview of property assessment and taxation system in Alberta. Advanced topics that govern assessment/taxation in urban and rural jurisdictions presented. Introduced to various aspects of provincial and local governmental responsibilities.
AP 330 Foundations of Real Estate Appraisal 3
Offers comprehensive coverage of all concepts and principles of real property appraising, together with technical skills required of applications of basic principles in practice. Focus on residential appraisal and cost estimating techniques used in the appraisal field and introduction to income property appraisal. Complete a residential property appraisal on single family dwelling. Co-requisite: CT 402.
AP 331 Real Estate Investment Analysis and Advanced Income Appraisal 3
Valuation techniques for real estate examined, including income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology. Prerequisite: AC 230 or consent of instructor in cases where AC 230 is taken concurrently.
AP 334 Statistical and Computer Applications in Valuation 3
Teaches fundamentals of exploratory data analysis and real property valuation. Practical uses of statistical and computer applications in determining and analyzing real estate value explored. Examining case studies and doing hands on computer work on student owned laptops, using statistical package, SPSS. Prerequisite: MA 201.
AP 443 Real Property Assessment Administration 3
This course introduces the student to the fundamentals of the real property assessment system for taxation and its administration.  Topics include property tax, assessment law, organizational structure, records and data systems, quality assurance and the application of mapping and GIS (geographic information systems).
AP 444 Computer Assisted Mass Appraisal 3
Advanced hands on course continues to use laptops and SPSS statistical package to develop cost and direct sales computer assisted mass appraisal (CAMA) models. Topics include more complex modelling and valuation techniques such as nonlinear programming and neural network. Integration of GIS (Geographic Information Systems) and CAMA (Computer Assisted Mass Appraisal) also studied. Prerequisites: AP 344 and MA 201.
CT 402 Residential and Commercial Property Analysis 3
Designed for those who require basic course in construction materials and theory. Covers interior and exterior materials with emphasis on residential, commercial and industrial construction, building codes and print reading. Introduction to residential cost estimating and in-depth study of commercial cost estimating techniques.
EC 300 Urban and Real Estate Economics 3
Examines urban land markets and development of cities using key economic principles. Principles used to analyze urban real estate market demand, land use, land value, location and growth over time. Prerequisite: EC 111.
LA 112 Canadian Real Property Law and Real Estate Ethics 3
Focuses on application of property law across Canada. Topics include: review of Canadian legal system, contract law, estates and interests in land, land registration, role of real estate agent, mortgage law, tenancies, condominium law, professional standards, and ethics.
Selected courses have been recognized toward the Accredited Appraiser Canadian Institute designation.
As a graduate, you also get course exemptions for other designation:
  • municipal assessor in Alberta and Saskatchewan
  • Canadian National Association of Real Estate Appraisers
  • the Canadian Residential Appraiser
  • either of these international designations--Residential Evaluation Specialist or Certified Assessment Evaluator
What Students Say
With the Student-Managed Farm you learn to be accountable for what you’re doing and the choices you make. You get an understanding of what it’s like to be out in industry or on a farm making decisions that count.

– Anthony Biglieni

Agribusiness Class of 2006

What Alumni Say
Lakeland College has been a integral partner in growing our own through the school of business. As an alumnus of the college, I have first-hand learning experience in the school of business. The professors welcome Servus Credit Union to facilitate classes in the Business Ethics course each year.

– Sandi Unruh

Senior Human Resources Consultant

What Faculty & Staff Say
Vertex has had great experience bringing on students from Lakeland College. We have found the Bachelor of Applied Science (Environmental Management) program to provide students with good academic knowledge of the environmental industry and the criteria that governs the land reclamation

– Sean Fuller B.Sc., P.Ag.

Vice President, Environmental Services, Vertex.

What Alumni Say
There is no way I would be where I am today without Lakeland College. It inspired me to be a better person and to get a job in something I love doing. I am so thankful I had such a great experience at Lakeland and I hope future students do as well.

– Danielle Gaboury

Business studies, Class of 2016.

What Students Say
I recommend the UT program to people all the time. The smaller setting Lakeland offers, is very conducive to learning. It's less intimidating than the larger universities and allows for more class interactions and discussions

– Kelly Mykytuk

2nd year UT student, 2017-18

What Alumni Say
I have loved my experience at Lakeland. The teachers are personable, and quick to share about their own experiences. They encouraged me to run with my own ideas and see what would happen; they got excited about my designs, which gave me the confidence to do my best and be more creative.

– Payton Ramstead

Class of 2016, Interior Design student.

What Alumni Say
At Lakeland College you are guaranteed to have time out of the classroom where you can put everything you learned together and actually see that what you’re learning is relevant.

– Alisa Brace

Animal Health Technology, Class of 2016.

What Alumni Say
The friendships I made, the experiences we were provided with, and the welcoming atmosphere of the Vermilion Campus made my time at Lakeland extremely valuable and memorable

– Grayden Kay

Animal Science & Agribusiness, Class of 2016.

What Alumni Say
Lakeland College was a learning environment unlike any other school. It allows students to learn beyond the classroom, and staff and faculty genuinely want to see students succeed. It’s a place where you can feel comfortable asking questions and where everyone has a place and fits in.

– Carson Reid

Agribusiness, Class of 2016.

What Alumni Say
The instructors were the highlight of my time at Lakeland. It made a huge impact on my college experience to have instructors who challenged, encouraged, and believed in me.

– Jessica Cadrain

Child & Youth Care, Class of 2016.

What Alumni Say
At the beginning of my first year, I was really stressed out as I felt I had no artistic ability. But with the instruction and time put in by the interior design faculty, I was able to develop my artistic abilities. Now I am fully confident in and exceeding well in the artistic side of this career!

– Naomi Mason

Interior Design Technology, Class of 2016.

What Alumni Say
I just feel like you get the best education at Lakeland, especially from the time that the instructors can actually spend with you. I like the class sizes too – everything’s been great about my Lakeland experience.

– Dean Coulson

Heavy Equipment Technician, Class of 2016.

What Alumni Say
I do give Lakeland College credit for reigniting my interest and even preparing me for Miss Rodeo Canada. Lakeland helped me to grow enough to have the confidence to think I could take on that role and become that person. I think that I have and I am really grateful for that

– Ali Mullin

Agribusiness, class of 2014, former Miss Rodeo Canada.

What Alumni Say
I feel the professors at Lakeland actually prepared me for the profession. It’s impossible to be just a number here when there are 12 students in all of your classes. When the school advertised small class sizes, they actually meant it.

– Stephen Mark Visser

Real Estate Appraisal and Assessment, Class of 2016.

What Alumni Say
I was involved in the president’s gala in April where I was an emcee for the evening, it was a great experience, and I had a lot of fun doing it and would recommend it to everyone.”

– Lucas Tetreault

HOPE Power Engineering, Class of 2017.

What Alumni Say
I would recommend Lakeland College for the simple fact that it's for everybody. As a mature student who went back to school much later than his 18th year, I was immediately accepted, and not ostracized in the least

– Donald James Shaw

Accounting Major, Class of 2016.

What Alumni Say
All the hands-on learning was great and very helpful once placed into the industry. Having clients leave with a smile after each service assured me that I was in the right field of work. I would recommend Lakeland to anyone.

– Courtnee Coolidge

Esthetician, Class of 2016.

What Alumni Say
The professors care so much about their students at Lakeland and are able to know each and every one of them by name, so much so that they are able to nominate a ton of students for awards.

– Stephanie Wakefeild

University Transfer, Class of 2016.

What Alumni Say
They really put you in the lead at Lakeland. Lakeland cares about its students, empowers them, and gives them opportunities to achieve their goals. I don’t see Lakeland as a stepping stone or a first step – I see it as a bridge and an integral part of my education.

– Alyssa Wells

University Transfer, Class of 2017.

What Alumni Say
I wanted to get experience in the field of assessment as it would give me exposure to what it’s like day to day. It was an invaluable experience as I find it hard to imagine what it would be like working in a particular field or area until I’m doing the work.

– Sheldon Farrell

Real estate appraisal and assessment, Class of 2017.

What Alumni Say
In the campus spa, they give you time to work with each client so nothing is rushed and you’re able to concentrate on providing the best service you can to your client.

– Daphney Couturier

Esthetician, Class of 2017.

What Alumni Say
It’s going to be a lot easier to start our first jobs having this experience and having been able to build our confidence in the campus spa. I love that we get to have this opportunity.

– Darby Watchel

Esthetician, Class of 2017.