Learn more about the Real Estate & Real Estate Appraisal program.
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The Associate in Applied Science (AAS), Licensed Residential Appraiser program prepares students for the appraisal of residential land and real property. Licensed Real Property Appraisal students will be prepared for the Appraisal Qualification Board (AQB)-approved Licensed Residential Real Property Appraiser examination or its equivalent. Upon completion students will have completed the necessary education requirements designated by the Appraisal Qualification Board (AQB) and Arizona Department of Real Estate (ADRE) for prelicensing education. The Licensed Residential Appraiser may appraise non-complex 1-4 residential units having a transaction value less than $1,000,000 and complex 1-4 residential units having a transaction value less than $250,000. This classification does not include the appraisal of subdivisions.
Important information you’ll need when applying to MCC:
- Academic Career
- Degree/Certificate Type
- Career and Technical Associate Degree
- Academic Plan
- Certified Residential Appraiser (AAS)
- Academic Plan Code
- Total Credits Required
- Catalog Year
What You’ll Learn
This pathway map will help you gain the expertise needed to:
- Use computer software to facilitate and implement information management.
- Collect, organize, present, analyze, and interpret numerical data using frequency distributions and graphical presentations.
- Describe real property concepts, characteristics, legal aspects, and other economic principles and appraisal ethics in practice.
- Analyze the valuation of procedures and property description for residential and commercial applications through use of practical applications and appraisal math.
- Explain the basic rules for ethical behavior and competent performance in appraisal as required by the Uniform Standards of Professional Appraisal Practice.
- Gather, evaluate and recognize market conditions affecting buyers and sellers and reporting values for markets, sub-markets, supply/demand analysis and market segmentation.
- Apply the cost approach for new and resale properties using appropriate theories and methodologies for obtaining residential site values.
- Analyze matched pairs, gross rent multipliers, and capitalization rates using the income approach for residential sales comparison including valuation principles and procedures.
- Explain the basics of essential writing skills in producing realistic appraisal reports.
- Read, comprehend and apply basic land descriptions to real property.
- Identify real estate financing methods.
- Use a dictionary to determine spelling, meaning, pronunciation, syllabication, accent, word usage, and word history.
- Define marketing and identify the marketing environments.
- Examine the national minimum requirements and responsibilities for appraisers.
- Explain the major activities and occupations in real estate.
- Complete a listing agreement.
- Explain the exemptions from real estate license requirements for residential and non-residential property management.
- Describe the concepts involved in the topic area.
Successful completion of this program may lead to employment in a variety of different occupations and industries. Below are examples of related occupations with associated Maricopa County-based annual median wages* for this program. Education requirements vary for the occupations listed below, so you may need further education or degrees in order to qualify for some of these jobs and earn the related salaries. Please visit with an academic advisor and/or program director for additional information. You can click on any occupation to view the detail regarding education level, wages, and employment information.
Real Estate Appraisers
Course Sequence by Term
The following is the suggested course sequence by term. Please keep in mind:
- The course sequence is laid out by suggested term and may be affected when students enter the program at different times of the year.
- Initial course placement is determined by current district placement measures and/or completion of 100-200 level course and/or program requirements.
- Degree and transfer seeking students may be required to successfully complete a MCCCD First Year Experience Course (FYE) within the first two semesters at a MCCCD College. Courses include CPD150, CPD150AC, CPD104, and AAA115/CPD115. Course offerings will vary by college. See an academic, program, or faculty advisor for details.
- Students should meet with an academic advisor about any concerns that may affect course enrollment.
- Consult with your faculty mentor or academic advisor to determine educational requirements, including possible university transfer options, for your chosen career field.
Full-time status is 12 credits to 18 credits per semester.
|First-Year Composition or First-Year Composition for ESL||Prerequisites: Appropriate writing placement or a grade of C or better in ENG091 or ESL097. or Prerequisites: Appropriate writing placement, or a grade of C or better in ENG091 or ESL097.||FYC||3|
|REA270||Basic Appraisal Principles||2|
|REA271||Basic Appraisal Procedures||Prerequisites: A grade of C or better in REA270 or permission of Instructor.||2|
|REA272||Uniform Standards of Professional Appraisal Practice (USPAP)||1|
|REA150||Supervisory Appraiser/Appraiser Trainee||1|
|CIS105||Survey of Computer Information Systems||CS||3|
|Strategies for College Success or Creating College Success||3|
|CRE101||College Critical Reading and Critical Thinking||Prerequisites: (A grade of C or better in ENG101 or ENG107) and (appropriate reading placement test score or a grade of C or better in RDG095 or RDG100 or RDG111 or RDG112 or RDG113 or permission of Instructor).||L||0–3|
|First-Year Composition or First-Year Composition for ESL||Prerequisites: Grade of C or better in ENG101. or Prerequisites: Grade of C or better in ENG107.||FYC||3|
|REA273||Residential Market Analysis Highest And Best Use||1|
|REA274||Residential Appraiser Site Valuation And Cost Approach||1|
|COM||Any approved General Education course in the Oral Communications area||COM||3|
|REA275||Residential Sales Comparison and Income Approaches||2|
|REA276AA||Residential Report Writing And Case Studies I||1|
|REA283||Property Management||Prerequisites: A grade of C or better in REA179 or permission of Instructor.||3|
|HU||Humanities, Fine Arts, and Design||3|
|Introduction to Statistics or Laboratory for Statistics||Prerequisites: (A grade of "C" or better in PSY101 and MAT092 or higher MAT course) or (a grade of "C" or better in PSY101 and eligibility for MAT112 or higher as indicated by appropriate mathematics placement test score) or permission of Instructor. or Corequisites: PSY230.||CS||1–3|
|REA179||Real Estate Principles I||3|
|REA281||Principles Of Real Estate Law||Prerequisites: A grade of C or better in REA179 or permission of Department or Division.||3|
|REA180||Real Estate Principles II||Prerequisites: A grade of C or better in REA179 or permission of Instructor.||3|
|REA290AH||Real Estate Seminar: Contract Writing||0.5|
|Macroeconomic Principles or Microeconomic Principles||SB||3|
|MKT271||Principles of Marketing||3|
|REA282||Real Estate Finance||Prerequisites: A grade of C or better in REA179 or permission of Instructor.||3|
Ready to get started?
Follow one of the options below to get started on your personal career pathway.
Program Area Key
Students must earn a grade of "C" or better for all courses required within the program.
Course Sequence total credits may differ from the program information located on the MCCCD curriculum website due to program and system design.
At Maricopa, we strive to provide you with accurate and current information about our degree and certificate offerings. Due to the dynamic nature of the curriculum process, course and program information is subject to change. As a result, the course list associated with this degree or certificate on this site does not represent a contract, nor does it guarantee course availability. If you are interested in pursuing this degree or certificate, we encourage you to meet with an advisor to discuss the requirements at your college for the appropriate catalog year.
View MCCCD’s program website for the Associate in Applied Science in Certified Residential Appraiser (http://aztransmac2.asu.edu/cgi-bin/WebObjects/MCCCD.woa/wa/freeForm3?id=119161).
The pathway map presented above is for the current catalog year and is the intended pathway map for new students. Other versions of this pathway map from different catalog years are available below:
|Catalog Year||Effective Dates|
|2018-2019||5/29/2018 – 5/27/2019|