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Course Details
 

A.I.M.A. Required Courses

Description

IMA-300

The World of the Assessor

The objective of this course is to give students an appreciation of the links between assessment, taxation, and the complex intergovernmental world within which the assessment function is carried out.  

IMA-301


Introduction to Real Property Assessment

 The learning objectives are to make the course participants understand
  the broad framework within which the forces of demand and supply
  interact within the real property market. In particular, the participants
  should be able to distinguish property value impact of externalities
  through forces of demand and supply in both residential and non-
  residential markets. They should also be able to understand basic
  differences between valuation and appraisal, value to the owner vs.
  market value, as well as describe the concept of the highest and best
  use of property and explain the various rights that may apply to land.
  Finally, the participants should be able to explain strengths and
  limitations of the three approaches to value (sales, cost, income) and
  of the four methods of land value assessment.
 

IMA-305


Property Assessment
Concepts and Methods

The learning objectives are to make the course participants understand the broad framework within which the forces of demand and supply interact within the real property market. In particular, the participants should be able to distinguish property value impact of externalities through forces of demand and supply in both residential and non-residential markets. They should also be able to understand basic differences between valuation and appraisal, value to the owner vs. market value, as well as describe the concept of the highest and best use of property and explain the various rights that may apply to land. Finally, the participants should be able to explain strengths and limitations of the three approaches to value (sales, cost, income) and of the found methods of land value assessment.

 

IMA-311

Data Management for Real Property Assessment

High levels of data quality and effective data management are critical components of a well functioning property valuation system. This course deals with the collection and gathering of data, data analysis and effective data management.

 

IMA-321

Fundamentals of Canadian Assessment Law

This course will provide you with the fundamental concepts that underlie property assessment and taxation in Canada. It will provide you with an appreciation of the property assessment and taxation system in Canada. In addition, you will have an understanding of property and real estate law, and the foundations of the Canadian legal system including how administrative justice fits into that system.

 

IMA-343

        Statistics for Real 
        Property Assessors

This course begins with the explanation why it is necessary to use Statistics in Assessment. It provides a review and understanding of the mathematical formulas and functions. It provides guidelines for computing the Mean Measures of variability is discussed. This includes calculations of the coefficient of dispersion, standard deviation and coefficient of variation. Analyzing data, including a series of processes and mechanisms to dissect all of the data collected, is discussed. Illustration of data including charts and graphs are provided. In addition, it deals with the statistical significance and includes the definition and explains how to test significance and confidence intervals. The importance of Ration Studies is discussed. The explanation is provided on what a ratio study should look like and on understanding of the ratio study results. And finally it covers statistics around sales chasing and provides guidelines on how to determine if there has been sales chasing. Split sample technique is also discussed.

IMA-344

Statistical & Computer Applications in Valuation

For course descriptions please visit the University of British Columbia website - Sauder School of BusinessPlease note, these courses are referred to as BUSI 344 on this website.

IMA-350

Ethical Guide for the Assessor

This course examines the provisions in the IMA Code and how they apply in a variety of work situations and it also explores the requirements when serving as an expert witness. In addition, the course emphasizes the importance of two other factors when it comes to promoting ethical behaviour ? the personal values of the individual and the culture/values embraced by the organization/employer.

 

M.I.M.A. Required Courses

Description

IMA-401

Legal Framework for Assessment in Ontario

This course was developed with the emphasis on how the interpretation of Assessment Act and court cases affect the property assessor and the property owner. 

IMA-412

The Assessor and the Courts

This course was developed to provide assessors with a practical explanation of the assessment complaint process. 

 

IMA-425

 Sales Comparison Approach 
 
to the Valuation of Properties

 The participant in this course will learn about the theory and practice of
  the Sales Comparison Approach as it is applied in the assessment
  valuations. He or she will learn the sales analysis, sales collection and
  verification processes and importance of sales adjustments.

  After completion of this course, the participant should be able to discuss
  and apply sales comparison approach in a single property and mass
  appraisal environment.

IMA-433

Income Approach to Valuation


The learning objectives are to make the course participants understand the theory and application of the Income Approach. 

In particular, the participants should be able to understand the difference between various methodologies of the Income Approach and should be able to explain strengths and appropriate application of these methodologies in valuation and assessment of real property.

IMA-435

Cost and Depreciation Analysis

This course covers the application of a cost approach to produce property values. The course also incorporates the use of the cost approach to arrive at assessment values.

 

IMA-440

  Highest and Best Use Analysis   This course covers the theory and application of a Highest and Best Use
   (HABU) analysis in property valuations.

IMA-444

 

or

 IMA-445

 

Advanced Computer Assisted Mass Appraisal

For course descriptions please visit the University of British Columbia - Sauder School of Business web site.  Please note that these courses are referred to as BUSI 444 on this web site. 

Expert Valuation Report

 

Members of the IMA may be called upon to present their professional opinions and offer sworn testimony in courts and tribunals.  The member will be required to present, among other things, a valuation report that conveys the data, analysis, findings and conclusions that formed the basis for an opinion on value.  In this course, students are presented guidelines for the format and content of a property valuation report.

IMA-450


Accreditation Examinations
Oral & Written

Final Exams required to achieve the M.I.M.A. Designation

 

 

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