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APPRAISAL

Effective Jan 1,2008 major changes went into effect for obtaining certification as an appraiser.

The following site will provide you with information about the different requirements/levels of education. 

                                         Also provided is the list of courses, hours and outlines.  Reference pages 16 – 19. 

 http://www.appraisalfoundation.org/s_appraisal/bin.asp?CID=2&DID=287&DOC=FILE.PDF
For complete details visit The Appraisal Foundation
http://www.appraisalfoundation.org/

 
Select class to register Class Time Week Days

QE 1: Basic Appraisal Principles         30 Hours                                           

This introductory appraisal course provides an overview of real property concepts and characteristics, legal consideration, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal practice. Thorough discussion of appraisal principles, accompanied by practical examples, provides a solid foundation in appraisal basics. An HP 12C calculator is required. Tape recorders are not permitted during class lecture sessions.  Textbook required.  30 hrs.   Tuition: $350.  Textbook:  $50.00

 

8:30-5:30

 

 

 

  

Tue, Wed, Thu, Fri

 

 

 

QE 2: Basic Appraisal Procedures       30 Hours                                            

This basic appraisal course provides an overview of real estate appraisal approaches to valuation procedures, value, property description, residential applications, commercial applications, improvement construction, home inspection, and appraisal math. Through theory, case studies, and examples, the course offers practical application of appraisal procedures. An HP12C calculator is Required.  Textbook required. 30 hrs.  Tuition: $350.  Textbook:  $50.00

 

8:30-5:30

 

 

 

Oct 21-24

Tue, Wed, Thu, Fri

 

 

QE 3: NATIONAL USPAP  COURSE      15 Hours                                           

The National USPAP Course, 15-Hour focuses on the requirements for ethical behavior and competent performance by appraisers that are set forth in the Uniform Standards of Professional Appraisal Practice (USPAP). This course is unique in that it is developed by The Appraisal Foundation with assistance from the Education Council of Appraisal Foundation Sponsors (ECAFS) and is revised on a periodic basis to stay current with the latest edition of USPAP.         

Textbook required.                                      Tuition: $400.  Textbook:  $85.00

 

8:30-5:30

 

 

Oct 27 & 28

Mon & Tue

 

QE 4: Residential Market Analysis and Highest and Best Use    15  Hours

Identifying and analyzing market forces affecting the buyers’ and sellers’ behavior is key to understanding and reporting values. This course is designed to give students the tools needed to properly collect and analyze market data. Markets, sub-markets, market segmentation, supply side analysis, demand analysis and the importance of market analysis to the appraisal process are covered in the first half of this course. The second half focuses on the theory of Highest and Best Use. The two-step analysis along with the four tests for Highest and Best Use are covered in detail. Drill problems and a short case study allow students to put into practice the techniques presented in the course. An exam is given at the completion of the course for students requesting pre-certification credit.

Textbook required.                                 Tuition: $400.00  Textbook:  $50.00

8:30-5:30

 

 

 TBA

QE 5: Residential Site Valuation and Cost Approach       15 Hours

This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for arriving at residential site values and applying the Cost Approach in everyday appraisal work. The advantages and disadvantages of using the cost approach in residential appraising will be examined. The important distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at several methods for estimating accrued depreciation. Students will learn how to read residential building plans and accompanying specifications. Each student will complete a step-by-step case study utilizing the Marshall and Swift cost manuals. An exam is given at the completion of the course for students requesting pre-certification credit. In addition to the course and its required text, we recommend the Marshall & Swift Cost Manual.

Textbook required.                               Tuition: $400.00    Textbook: $50.00 

8:30-5:30

 TBA

Call

QE 6: Residential Sales Comparison and Income Approaches         30 Hours This course offers a basic understanding and knowledge of the residential sales comparison and income approaches to appraisal. It includes the valuation principles and procedures applicable to both approaches. With the aid of case studies, students will develop and apply the techniques for market analysis, including the application and use of matched pairs and capitalization rates and gross rental multipliers. There is a discussion on cash and finance equivalency. Students will learn how to apply and defend the rationale behind market adjustments. The course includes a discussion of current Fannie Mae and Freddie Mac Guidelines and relevant USPAP requirements, and introduces students to the methods of appraising income properties. A combination of theory and hands-on examples provides practical applications of real estate appraisal procedures. A calculator is suggested. 

Textbook required.                               Tuition: $450.00    Textbook: $50.00 

8:30-5:30

TBA Call

QE 7: Residential Report Writing and Case Studies           15 Hours

This basic appraisal course introduces theories, techniques, and procedures to help you understand the appraisal process and how to use various residential forms and reports for appraisal. Through theory and hands-on examples of appraisal processes, the course will

provide practical application of real estate appraisal procedures. A calculator is suggested.

Textbook required.                               Tuition: $400.00    Textbook: $50.00 

8:30-5:30

TBA Call

QE 8: Statistics, Modeling, and Finance            15 Hours

Statistics, Modeling, and Finance is designed to provide students both the theory

and practice of statistics, real estate finance, and valuation modeling for today’s

Certified Residential appraiser. The first half of the text outlines terminology and

basic principles of statistics, including practical applications in statistical analysis.

The last half presents an explanation of real estate markets, terms of financing, and

real-world examples of how financing affects the value of real property.

Textbook required.                               Tuition: $400.00    Textbook: $50.00 

8:30-5:30

TBA CAll

QE 9: Advanced Residential Applications and Case Studies     15 Hours

The Advanced Residential Applications and Case Studies program is intended to elevate

the student’s knowledge of challenging residential appraisal assignments and to develop the expertise to recognize and address those situations at the Certified Residential level.

Topic areas focus on complex properties that include valuing unique and high-end residential dwellings. Other areas studied include methodologies for valuing partial interests and addressing changes in market conditions. Challenging residential appraisal assignments necessitate the performance of analyzing market conditions and

interpreting those conditions as they relate to appropriate adjustments for market conditions, location, distance, physical characteristics, etc. The Advanced Residential Applications and Case Studies will address these challenges with study including cost development, locational considerations, functional obsolescence, and data identification/

quantification issues.

Textbook required.                               Tuition: $300.00    Textbook: $50.00 

8:30-5:30

TBA CAll

QEE: Mastering Unique and Complex Properties Appraisal    30 Hours

This course will raise the level of awareness of the scope of work involved with assignments other than the everyday single-family residential appraisal.

Property types discussed include: • Mixed-use • Unusual • Income-producing

• One-of-a-kind Study includes significant case study work.

Textbook required.                                 Tuition: $350          Textbook: $50.00

8:30-5:30

TBA CALL

QE 1: Basic Appraisal Principles         30 Hours                                           

This introductory appraisal course provides an overview of real property concepts and characteristics, legal consideration, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal practice. Thorough discussion of appraisal principles, accompanied by practical examples, provides a solid foundation in appraisal basics. An HP 12C calculator is required. Tape recorders are not permitted during class lecture sessions.  Textbook required.  30 hrs.   Tuition: $350.  Textbook:  $50.00

 

8:30-5:30

 

 

 

      TBA CALL

 

 

 

QE 2: Basic Appraisal Procedures       30 Hours                                            

This basic appraisal course provides an overview of real estate appraisal approaches to valuation procedures, value, property description, residential applications, commercial applications, improvement construction, home inspection, and appraisal math. Through theory, case studies, and examples, the course offers practical application of appraisal procedures. An HP12C calculator is Required.  Textbook required. 30 hrs.  Tuition: $350.  Textbook:  $50.00

 

8:30-5:30

TBA CALL

 

QE 3: NATIONAL USPAP  COURSE      15 Hours                                           

The National USPAP Course, 15-Hour focuses on the requirements for ethical behavior and competent performance by appraisers that are set forth in the Uniform Standards of Professional Appraisal Practice (USPAP). This course is unique in that it is developed by The Appraisal Foundation with assistance from the Education Council of Appraisal Foundation Sponsors (ECAFS) and is revised on a periodic basis to stay current with the latest edition of USPAP.         

Textbook required.                                      Tuition: $300.  Textbook:  $85.00

 

8:30-5:30

TBA CALL

Click here to view "A Guide for understanding the 2008 Real Property Appraiser Qualification Criteria" 

which became effective on January 1, 2008.


Tuition is due before start of class

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