Statistics

• Linear Regression (simple and multiple)
• Standard Deviation
• R, R2 and adjusted R2
• Coefficient of Variation
• Interpreting F stat, T stat, P Value for statistical significance
• Confidence Intervals
• Interpreting graphical analysis
• Interpreting multiple regression equations
• Reading box and whisker charts
• Z scores
• Use of statistics in risk analysis

Financing

• Wrap around loans
• Federal monetary policy
• Complex cash equivalency problems (also covered in Income module)
• Participating and convertible mortgages
• Calculating lender’s yield rate

Income Tax Impacts

• After tax cash flow analysis
• Effective Tax Rate
• Relationship between pre-tax and after-tax yield rates

Market Conditions

• Market Cycle
• Market Equilibrium
• External Obsolescence
• Feasibility Rent
• Equilibrium Rent

Reconciliation

• Options for reporting
• Weighted average conclusions
• Selecting best approach to value
• Selecting best adjustments

General Principles

• Principles of value
• Factors that affect real estate value
• Factors that influence value
• Agents of production
• Extraordinary vs. hypothetical conditions
• FAR
• Nominal vs. real rates
• Metes and bounds measurement
• Geometry