Elective Courses Approved for State Certification CEUs
by
Board of Tax Professional Examiners
Course 11: Appraisal of Timber Land introduces students to the fundamental principles of identifying and appraising timberland. The course will present issues with regards to classifying, qualifying and valuation of timberland and restricted-use timberland for ad valorem tax purposes. (16 hours of instruction; 2 hours for examination)
Course 12: Oil and Gas Appraisal l is designed to acquaint the appraiser with the techniques and considerations involved in appraising oil and gas properties. It will help the appraiser to understand the information developed by the appraisal and the basic techniques involved in developing an estimate of those values. (16 hours of instruction; 2 hours for examination)
Course 13: Appraisal of Agricultural and Open-Space Land covers agricultural appraisal procedures and eligibility requirements. Also studied are the degree of intensity, application process, change-of-use, and calculation of rollback taxes. The impact of federal farm programs is reviewed. Be aware that the supplemental text for this course is the Comptroller's "Guidelines for the Appraisal of Agricultural Property," a text that has not been revised recently. (16 hours of instruction; 2 hours for examination)
Course 14: Wildlife Management Appraisal covers review of 1-D-1 agricultural land appraisal, qualification of 1-D-1 wildlife land, appraisal of land for wildlife management use, wildlife management practices and plans, valuation procedures for 1-D-1 agricultural/wildlife land, wildlife components required for wildlife management appraisal, roles of the Texas Parks and Wildlife Department and the Comptroller’s Property Tax Division, problems associated with agricultural wildlife valuation, alternative methods of agricultural/wildlife valuation and the seven wildlife management activities, ecological regions and plans.
Note: Students must have completed PTEC Course 13 – Appraisal of Agricultural and Open-Space Land or PTEC Course 11 – Appraisal of Timber Land prior to enrolling in this course. (16 hours of instruction; 2 hours for examination)
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Course 23: Advanced Income Approach to Value reviews advanced income approach to value and real estate investment strategy, as well as basic real estate finance. Both traditional and yield capitalization are covered. Introduces students to the income capitalization process; student will be expected to master the IRV formula, as well as concepts of discounted cash flow analysis. This course provides for case study of mass appraisal of income-producing property. Required text for course is Property Assessment Valuation, 2nd Edition (IAAO ©1996) Replaced old Course 330. (21 hours of instruction; 2 hours for examination)
Course 25: Advanced Mass Appraisal Concepts is designed to utilize advanced applied statistics as they relate to mass appraisal and the personal computer. Students will be required to understand the appraisal problem using economic theory and appraisal principles, how to build a schedule to solve the problem, how to apply the schedule to subject properties, and how to document the results. The text provides an explanation of each statistical method used and exercises provide use of method. A case study will be used to demonstrate ratio study statistics. (Statistics will be taught in much greater detail than Course 5.) Prerequisites include RPA-level experience and basic PC and spreadsheet skills. Excel is the software program used for this course. Required text for course is Mass Appraisal Concepts, 2nd edition (PTEC ©2002). Replaced old course 460. (25 hours of instruction; 2 hours for examination)
Note: Course can be taught as either a “hands-on” computer course or as a lecture-only course without use of PCs.
Course 26: Instructor Training is the approved course for individuals who wish to become approved as instructors of BTPE-certification courses. (24 total hours: 16 hours of instruction, 8 hours of video-recorded presentations; no examination; instructor candidates will need co-instruction experience and orientation in the course(s) to be taught.)
Course 27: Appraisal of Land introduces students to the principles of appraising land. All of the following are covered: theory of appraising land, highest and best use, appraisal characteristics, land appraisal methods, mass appraising land and a case study of land tables. This course material assumes that students have completed all basic course material. A good foundation is essential to success in this course.
Note: Students should have completed PTEC Course 2 – Appraisal of Real Property; PTEC Course 3 – Income Approach to Value; and PTEC Course 5 – Mass Appraisal Concepts prior to enrolling in this course. Students will get the most from this course by participation in the classroom discussions. This course will introduce students to concepts of appraising both rural and urban land, both basic land appraisal methods and mass appraisal techniques. Required text for course is Property Assessment Valuation, 2nd Edition (IAAO ©1996) (21 hours of instruction; 1 hour of review, 2 hours for examination)
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