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Home...ProgramsBusiness Administration: Real Estate Appraisal an... Courses
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Business

Business Administration: Real Estate Appraisal and Assessment Major Courses

Location

Lloydminster

Credential

Diploma

Program Length

2 years

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Online option: 10 common courses for 1st year business.

Year 1 required courses

AC 130 Accounting I - 3 credits
AC130 and AC230 introduce the concepts and applications of financial accounting.  Topics in AC130 - Accounting I include accounting concepts and principles, the recording process, preparing financial statements, internal control, cash and receivables. Prerequisites: Grade XII Math or equivalent. Co-requisites: None
AC 230 Accounting II - 3 credits
AC230 is a continuation of AC130.  Topics included in AC230 - Accounting II are:  inventories; capital assets; current liabilities; owner's equity in partnerships and corporations; analyzing financial statements; and the statement of cash flows.  Emphasis is placed on problem solving and application of financial accounting to real life situations.  It also provides students with experience in maintaining a manual accounting system. Prerequisites: AC 130. Co-requisites: None
 BA 120 Organizational Behaviour - 3 credits 
This course looks at the behaviour of individuals and groups in organizational settings in terms of various theories and models, and examines how such behaviour can be modified to improve organizational efficiency and effectiveness. Case studies, exercises, and role-plays drawn from real life are used to illustrate the principles involved. Pre/co-requisites: None 
CO 131 Communications I - 3 credits 
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. Prerequisite: Grade 12 English or equivalent. Co-requisites: None
CO 231 Communications II - 3 credits 
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: CO 131. Co-requisites: None
 CU 248 Business Computer Applications - 3 credits 
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. Pre/co-requisites: None 
EC 111 Microeconomics - 3 credits 
Microeconomics deals with the choices we make under conditions of scarcity. The study of economics introduces student to analytical and problem-solving techniques that can be applied to consumer behavior, production decisions, market structures, and the price mechanism. This knowledge enables better decisions in business, private, and public life. Prerequisite: Grade XII Math or equivalent. Co-requisites: None
EC 211 Macroeconomics - 3 credits 
Macroeconomics extends the principles learned in microeconomics to the national economy. The health of the economy is measured using gross domestic product (GDP), inflation, and employment. Business cycles, money and banking inform the monetary and fiscal policy that guides the maintenance of a healthy, growing, and prosperous country. Prerequisite: Grade XII Math or equivalent. Co-requisites: None
MA 101 Business Mathematics - 3 credits 
Solving practical financial and mathematical problems encountered in the business world is the focus of this course. It reviews the mathematics of ratios, percentage, and basic algebra and their applications to business problems. The principle of the time value of money is covered in depth with its important applications to finance, investments and capital budgeting. Use of financial calculators is emphasized throughout. Prerequisites: Grade XII Math or equivalent. Co-requisites: None
MA 201 Business Statistics - 3 credits  
This course is 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. Prerequisite: MA 101. Co-requisites: None
MK 170 Marketing Principles - 3 credits 
This course is designed to develop knowledge and understanding of marketing techniques. It includes analysis of marketing operations, product assortment, price structure, channel of distribution, and promotion of goods and services. Pre/co-requisites: None 

Year 2 required courses

AP 310 Farmland Evaluation - 3 credits
This course provides theory and practice in farmland assessment according to Alberta Municipal Affairs Assessment Standards Guidelines.  It includes the evaluation of farmland in relation to soils, climate, and productivity factors. The course provides training in soil evaluation to a level that students can successfully use the Alberta Municipal Affairs farmland assessment manual. The preparation of assessment reports and interpretation of aerial photographs, soil surveys, and county maps will be considered. Pre/co-requisites: None
AP 320  Assessment Principles - 3 credits
This course provides an overview of the property assessment and taxation system in Alberta.  Advanced topics that govern assessment/taxation in both urban and rural jurisdictions are presented.  Students are introduced to various aspects of provincial and local governmental responsibilities. Prerequisites: AP 310 and AP 344. Co-requisites: AP 444
AP 330 Foundations of Real Estate Appraisal - 3 credits 
This course offers a comprehensive coverage of all concepts and principles of real property appraising, together with the technical skills required of the application of basic principles in practice.  The course focuses on residential appraisal and cost estimating techniques used in the appraisal field and an introduction to income property appraisal.   The student completes a residential property appraisal on a single family dwelling. Prerequisites: None. Co-requisites: CT 402
AP 331 Real Estate Investment Analysis & Advanced Income Appraisal - 3 credits 
Valuation techniques for real estate are examined, including the income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology. Prerequisite: AC 130 & MA 101. Co-requisites: None
AP 344 Statistical & Computer Applications in Valuation - 3 credits 
This course teaches the fundamentals of exploratory data analysis and real property valuation.  Practical uses of statistical and computer applications in determining and analyzing real estate value are explored.  This is done by examining case studies and doing hands on computer work on student owned laptops, using the statistical package, SPSS. Prerequisite: MA 201. Co-requisites: None
AP 443 Real Property Assessment Administration - 3 credits 
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). Prerequisite: None. Co-requisite: AP 330
AP 444 Computer Assisted Mass Appraisal - 3 credits 
This is an advanced hands on course in which students continue to use their laptops and the 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 neutral network. The integration of GIS (Geographic Information Systems) and CAMA (computer Assisted Mass Appraisal) is also studied. Prerequisites: AP 344 & MA 201. Co-requisites: None
 CT 402 Residential & Commercial Property Analysis - 3 credits 
This is a first-level course designed for Appraisal and Assessment students who require a basic course in construction materials and theory.  The course covers both interior and exterior materials with emphasis on residential, commercial and industrial construction, building codes and print reading. Also covered is an introduction to residential cost estimating and then a more in-depth study of commercial cost estimating techniques. Pre/co-requisites: None 
 EC 300 Urban & Real Estate Economics - 3 credits 
This course examines urban land markets and the development of cities using key economic principles. These principles are used to analyze urban real estate market demand, land use, land value, location and growth over time. Prerequisite: EC 111. Co-requisites: None
LA 112 Canadian Real Property Law & Real Estate Ethics - 3 credits 
The course focuses on the application of property law across Canada. The topics covered include: a review of the Canadian legal system, contract law, estates and interests in land, land registration, the role of the real estate agent, mortgage law, tenancies, condominium law, professional standards, and ethics. Pre/co-requisites: None  


Selected courses have been recognized toward the Accredited Appraiser Canadian Institute designation.

As a graduate, you also get course exemptions for other designations:

  • 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

 

 

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