First Principles of Value
There are many aspects of real property consulting. Without suggesting any limitations, this concept may include valuation, use strategies, feasibility studies, litigation strategies, academic pursuits, and forecasting and strategic implementations. Even these examples can be expandedand refined. However, a common thread in each real property discipline is the need to understand the interrelationships between forces of economics, law and the marketplace on real property. The reliance on various Principles allows for a focused and disciplined approach to the requisite analyses and interaction between the various tangents that real estate consultants may pursue.Furthermore, a common understanding will enhance communication between consultants and their clients.
In order to achieve use of the CRA or AACI designation, the candidate must have experience and be proficient in the First Principles of property value.