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

ASSOCIATE PROFESSOR KUTLUĞ SAVAŞIR

Offered to

Architecture

Course Objective

Explanation of real estate and valuation concepts, teaching of real estate valuation techniques and relevant legislation, comparison of real estate valuation techniques, determination of appropriate methods that can be used in valuation of various real estates, Understanding professional ethical rules, analyzing real estate market.

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
6   To be able to analyze the real estate market and to choose the appropriate mortgage loan

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 1.1. Explanation of the purpose, scope and processing of the course 1.2. General information about real estate valuation exams 1.3 Announcement of homework topics
2 2.1. Basic concepts of real estate valuation 2.2. Building / Construction Information
3 3.1. Explaining the valuation process
4 4.1. Valuation Methods: Explanation of the peer comparison method and question solutions
5 5.1. Valuation Methods: Explanation of the cost method and question solutions.
6 6.1. Information and calculation methods related to financial mathematics
7 7.1. Midterm 7.2. Critics of the preparation of assignments. Preparing the result report
8 8.1. Valuation Methods: Explanation of the income reduction method and question solutions 8.2. Revision of assignments
9 9.1. Explaining professional ethics and codes of conduct 9.2 Final criticisms of the preparation of assignments. Preparing a final report
10 10.1. Real estate market and analysis 10.2. Real estate finance 10.3. Revision of assignments
11 11.1. Mortgage loans 11.2. Revision of assignments
12 12.1. Risks covered in mortgage loans 12.2. Mortgage insurance 12.3. Revision of assignments
13 13.1. Discussions on determining the desired house value at the delivery of the paper
14 14.1. Homework submission
15 15.1 Criticism of assignments and general criticisms

Recomended or Required Reading

Main Sources:
Hepşen, A. (2015). Gayrimenkul Değerleme Esasları, SPL Sermaye Piyasası Lisanslama Sicil ve Eğitim Kuruluşu, Ders Kodu: 1014.

Supplementary Books:
KARAPINAR, A.; BAYIRLI, R.; ÇINA BAL, E.; BAL, H.; ALTAY, A.; TORUN, S.; (2010). Gayrimenkul- Konut Değerleme Uzmanlığı, Gazi Kitapevi, 8. Baskı, Ankara
Açlar, A., Çağlar, V., (2002), Taşınmaz (Gayrimenkul) Değerlemesi, TMMOB Harita ve Kadastro Mühendisler Odası Yayını, Ankara
BABUŞÇU, Ş.; HAZAR, A.; BIÇER, I.; ERKAYA, A.;(2007) Gayrimenkul Değerleme Uzmanlığı - Gayrimenkul Değerleme Esasları, Akademi Consult & Training, Öncü Basımevi, Ankara.
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.
YOMRALIOĞLU, T., NIŞANCI, R., ÇETE, M., CANDAŞ, E., (2011), Dünyada ve Türkiyede Taşınmaz Değerlemesi, Türkiyede Sürdürülebilir Arazi Yönetimi Çalıştayı, 26-27 Mayıs 2011, Okan Üniversitesi, Istanbul.

Planned Learning Activities and Teaching Methods

25% effective first midterm exam, 25% effective homework submission and 50% effective final exam

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

Midterm exam, 25%.
Homework , 25%.
Final exam, 50%

Assessment Criteria

Midterm 25% (LO1, LO2, LO3, LO4, LO5)
Homework 25% (LO1, LO2, LO3, LO4, LO5)
Final exam 50% (LO1, LO2, LO3, LO4, LO5, LO6)

Language of Instruction

Turkish

Course Policies and Rules

Attendance is mandatory.
Recommended for 4th grade students.
Students in the city and regional planning and civil engineering departments can also take the course.

Contact Details for the Lecturer(s)

kutlug.savasir@deu.edu.tr
0.533.364.52.28

Office Hours

-

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 2 28
Preparing assignments 1 15 15
Preparation for final exam 1 25 25
Final Assignment 1 2 2
Midterm 1 1 1
TOTAL WORKLOAD (hours) 71

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.15
LO.25
LO.35
LO.45
LO.55
LO.655

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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