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Class Description:
(7-hours of continuing education credit by the Department of Local Government Finance)
This course will provide both the novice assessor and the seasoned professional with a review of the basic procedures that should be followed when Sales Disclosures are received in their offices. Procedures covered include: component parts of the disclosure, relevance to the assessment office, and use of the disclosure in the appraisal process. Students will be exposed to a review of basic real estate concepts including the definition of market value and its origin, the concept of an arm’s length transaction, and its importance to statutory compliance for assessments. The course will proceed into the realm of practical application and analysis.
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