COURSE UNIT TITLE

: METHODS OF REAL-ESTATE APPRAISAL

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MIM 4633 METHODS OF REAL-ESTATE APPRAISAL ELECTIVE 2 0 0 3

Offered By

Architecture

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASISTANT PROFESSOR KUTLUĞ SAVAŞIR

Offered to

Architecture

Course Objective

Description of the concepts of valuation and real estate property, teaching about real estate valuation techniques with related codes and regulations, gaining enough knowledge to compare real estate valuation techniques as well as determination of appropriate methodology to be used in the valuation of various real estates.

Learning Outcomes of the Course Unit

1   To describe real estate, valuation and related concepts
2   To select appropriate real estate valuation methodology
3   To estimate approximate value of real estate
4   To prepare technical reports related to real estate valuation
5   To explain the rules of professional ethics and conduct

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction 1.1. Aims, scope and method of the course 1.2. General information about real estate valuation exams
2 2.1. Definitons of real estate valuation terms
3 3.1. Property types and valuation concepts
4 4.1. Valuation process and approaches to property valuation
5 5.1. Peer comparison method and example questions with solutions
6 6.1. Reduction of income method and example questions with solutions
7 7.1. Cost approach method and example questions with solutions 7.2 Methods to select appropriate real estate valuation approach
8 Mid-term Exam
9 9.1. Scholastic valuation methods, implementation of valuation methods according to types of property
10 10.1. Applied information on how to prepare a real estate valuation final report
11 11.1. Rules of professional ethics and conduct 11.2. Expropriating valuations and tax valuation
12 Submission of Homework Assignment
13 General revision
14 General revision

Recomended or Required Reading

Main Sources:
KARAPINAR, A.; BAYIRLI, R.; ÇINA BAL, E.; BAL, H.; ALTAY, A.; TORUN, S.; Gayrimenkul- Konut Değerleme Uzmanlığı, Gazi Kitapevi, 8. Baskı, Ankara, 2010.
Açlar, A., Çağlar, V., (2002), Taşınmaz (Gayrimenkul) Değerlemesi, TMMOB Harita ve Kadastro Mühendisler Odası Yayını, Ankara

Supplementary Books:
BABUŞÇU, Ş.; HAZAR, A.; BIÇER, I.; ERKAYA, A.; Gayrimenkul Değerleme Uzmanlığı - Gayrimenkul Değerleme Esasları, Akademi Consult & Training, Öncü Basımevi, Ankara, 2007.
Ertaş, M., (2007), Taşınmaz Değerlemesi Için Değer ve Değer Öğretisi, Selçuk Üniversitesi, Teknik-Online Dergisi, Cilt.6, Sayı 3-2007.
ÖZEL, H., ÇINAR, S.; Gayrimenkul Değerleme Uzmanlığı Lisanslama Sınavlarına Hazırlık, Detay Yayıncılık, Ankara, 2007.
Yomralıoğlu, T., Nişancı, R., Çete, M., Candaş, E., (2011), Dünya da ve Türkiye de Taşınmaz Değerlemesi, Türkiye de Sürdürülebilir Arazi Yönetimi Çalıştayı, 26-27 Mayıs 2011, Okan Üniversitesi, Istanbul.

Planned Learning Activities and Teaching Methods

The course will be taught in lecture and prepared individual valuation report.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 ASG ASSIGNMENT
3 MTEG MIDTERM GRADE MTE * 0.50 + ASG * 0.50
4 FINS FINAL EXAM
5 FCG FINAL COURSE GRADE MTEG * 0.50 + FINS * 0.50
6 RST RESIT
7 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.50 + RST * 0.50

Further Notes About Assessment Methods

-

Assessment Criteria

Mid-term Exam % 25 (LO1, LO2, LO3)
Homework Assignments % 25 (LO2, LO3, LO4)
Final Exam % 50 (LO1, LO2, LO3, LO5)

Language of Instruction

Turkish

Course Policies and Rules

For one to one interaction and discussion in class, the number of students to take this course in a semester is limited to 23. In addition, the course can be selected by city planning and engineering students.

Contact Details for the Lecturer(s)

kutlug.savasir@deu.edu.tr
0.232.301.83.89

Office Hours

-

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 2 24
Preparations before/after weekly lectures 11 2 22
Preparation for midterm exam 1 5 5
Preparation for final exam 1 7 7
Preparing assignments 1 4 4
Final 1 1 1
Midterm 1 1 1
Homework Assignment and Presentations 1 1 1
TOTAL WORKLOAD (hours) 65

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15PO.16PO.17
LO.15
LO.25
LO.355
LO.45
LO.55

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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