Property Appraisal Process in Real Estate

Course overview

This course equips participants with the essential skills and knowledge needed to appraise residential property for sale or lease. It involves selecting appropriate appraisal methods, conducting thorough research on market conditions, and recommending an appraisal price for the property. Additionally, this unit includes analyzing current market trends, understanding the factors that influence property values, and using this information to provide accurate appraisals.

1: Prepare for Property Appraisal

• Identify and Apply Regulatory and Legislative Requirements of the Property Appraisal Process
• Confirm and Document Client Requirements and Expectations for Property Appraisal
• Obtain and Document Agreement to Proceed with Property Appraisal
• Confirm and Record Property Ownership, Attributes and Features Relevant to Property to be Appraised

2: Research and Analyse Property Market Conditions and Property Attributes

• Select Appraisal Methods Suitable for the Property Type and Location
• Inspect Property and Location
• Identify and Document Market Conditions and Indicators for Sale or Lease Price
• Collate Source Documents and Information to Support Property Appraisal
• Analyse Information to Determine Market Indicators and Expected Price Range or Rental Value for Property
• Identify Sources of Specialist Advice to Assist Appraisal as Required

3: Prepare and Present Appraisal Report

• Prepare Property Appraisal Report
• Present Property Appraisal Report to Client
• Obtain and Document Feedback from Client on Property Appraisal Report
• Maintain Documented Evidence from Appraisal Activities to Ensure Confidentiality of Information
• Analyse Feedback from Client to Inform Future Presentations

Who should attend?

Ideal for those working across sectors including residential sales, auctions, property management, commercial, business broking, and buyer’s agency.

Inclusions

Certificate of Completion

CPD Type 1, OFT approved number QLDCPD20250024

Investment

$120 for 30 day access to online content

Course dates

Online learning

Start now

At your own pace

Book

Online learning

Start now

At your own pace

Book

More information

A computer to access online learning materials.

Self-paced online course.

Expected time commitment 2-3 hours.

You’ll have 30 days of access to complete the course at your own pace. With interactive modules, downloadable resources, and targeted study materials, you’ll be equipped to apply what you learn directly to your professional practice.

$120 for 30-day access to online content.


Other courses for you

Full Licence

For Business Owners, Principals, Contractors (and flexibility!)

View details

Certificate IV

Strengthen your knowledge

View details

Recognition of prior learning

Be formally recognised for existing skills

View details

Why you should study with the REIQ

Expert Industry Trainers

Learn from the best. All our trainers have at least 15 years’ industry experience and still have highly successful careers in real estate. Now as teachers, they can pass on their industry expertise to you.

Reputation

As the peak body for real estate in Queensland, the REIQ is highly regarded by the industry and known for producing job-ready professionals. Real estate agencies are 60% more likely to hire REIQ graduates.

Graduate Membership

We offer FREE 12-month graduate membership to help you succeed during your first year in the industry. Graduate membership assists with a seamless transition from student to professional.

Graduate membership

Support

As an REIQ student, you'll receive FREE one-on-one student support sessions with our expert trainers during your studies to ensure you are supported every step of the way. You can also book private one-hour tutorials if needed (fees apply).

Industry Connections

REIQ students receive FREE career networking opportunities to meet with credible agencies. These events are a great opportunity to connect with industry professionals and potential employers in a casual environment.

Payment options

Maximum flexibility for you. Choose to pay your course upfront or enter into a payment plan.

Payment plans

Do you have a question

Get in touch!


We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Visit our Privacy Policy to learn more. By using our site, you agree to our use of cookies.

Learn more I Agree

Need help? 1300 697 347 or contact us