This course is deigned as a 3-hour course that teaches those in the real estate community about estimating gross living area.

We will cover broad issues and describe the procedures for measuring the total square footage of detached single-family homes and multi-family gross building areas. The methods employed are the industry standard for the calculation process and enable the users of this information to obtain accurate and reproducible measurements for total gross living area of residential properties. You will learn how to treat the finished areas above- and below-grade, the finished living area above the garage, and the unfinished areas within the structure. The standard will allow individuals and organizations to agree and cooperate in communicating these square footage quantities to users of this information.

This standard promotes these goals in the hope that square footage calculation can become an item of agreement rather than a point of contention between groups with different interests and concerns.

This Estimating Gross Living Areas for Residential Properties course utilizes interactive technology and audio in an appealing way to facilitate learning.

Learning Objectives

Upon completion of this course, the student will be able to:

• Define the American National Standard for Single-Family Residential Buildings (ANSI) and associated definitions.
• Understand the scope and purpose of the ANSI.
• Employ the calculation and measurement of square footage.
• Comprehend the Statement of Finished Square Footage.
• Calculate and measure estimated gross living area according to floor plans.
• Identify the different values associated with real property, namely market value.
• Determine the forces affecting market value.
• Apply the appraisal process with regards to the Bundle of Rights and the appraisal process flow chart.
• Define the Uniform Standards of Professional Appraisal Practice (USPAP) and various rules that accompany the USPAP.
• Identify the components of valuation analysis.
• Review a summary of the course and guidelines used for the estimation of the gross living area.

Approved Course Number:

03-00-100-7473