Online Appraisal Licensing Courses

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Virginia 79-Hour Real Estate Appraiser Trainee Package

Credit Hours: 79 Tuition: $1055 Enroll

Save $184.00 with this discounted course bundle that includes Basic Appraisal Principles, Basic Appraisal Procedures and the 15-Hour USPAP course.

appraisal education package

 

Basic Appraisal Principles

Credit Hours: 30 Tuition: $435 Enroll

Provides you with a solid foundation in basic appraisal principles.

Introduces you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations.

Credit for 30 hrs of the Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level.

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Basic Appraisal Procedures

Credit Hours: 30 Tuition: $435 Enroll

Takes you step-by-step through the valuation process: Learn three approaches to reaching an opinion of value-income capitalization, cost, and sales comparison.

Learn how rates and multipliers are derived and be guided through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation.

Complete key sections of an appraisal report and be introduced to property description, construction and design basics.

Completion of an introductory level Real Estate (or Basic) Appraisal Principles course is recommended as a prerequisite for this course.

Credit for 30 hrs of the Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level.

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Residential Sales Comparison & Income Approaches

Credit Hours: 30 Tuition: $435 Enroll

Provides an introductory understanding of fundamental concepts of appraising. Guides you through the different data that needs to be collected and reviewed during the appraisal process.

Explains how to use sales comparison grids and how to search for public comparable sales data in a computerized database. Describes the advantages and limitations of the sales comparison approach.

Completion of Basic Appraisal Principles and Procedures Courses required as a prerequisite for this course.

Credit for 30 hrs of the Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

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15-Hour National USPAP – Live Online Course

Credit Hours: 15 Tuition: $399 Enroll

This course focuses on the requirements for ethical behavior and competent performance by appraisers that are set forth in the Uniform Standards of Professional Appraisal Practice.

Course material emphasizes the role of the appraiser and the impartiality associated with this role. This course is designed to aid appraisers seeking competency in USPAP, in all areas of appraisal practice including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers.

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Appraisal Subject Matter Electives

Credit Hours: 20 Tuition: $295 Enroll

Specialized Residential Appraisal Topics is a 20-hour appraisal prelicensing course that provides a comprehensive look at general residential appraisal review, analysis of 2-4 family and multi-family properties, and analysis of unique and complex properties. The course begins with an overview of appraisal review and a discussion of applicable USPAP Rules, along with illustration of common errors and shortcomings commonly found by reviewers. Throughout, the course especially emphasizes best practices for a reviewer when developing opinions and conclusions regarding the quality of another appraiser's work.

We will also identify key elements of market analysis of 2-4 family and multi-family properties and distinguish which features and characteristics are important to an appraiser's analysis. Students will also learn how to analyze income and expenses and how this analysis is used in an appraisal of an income-producing property. Appropriate income methodologies and how the appraisal approaches apply to income-producing properties are also discussed.

Finally, 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 unusual, income-producing, and one-of-a-kind properties. The course continues with an overview of the STANDARDS 1 and 2 appraisal development and reporting obligations. Finally, common mortgage industry appraisal and appraisal review forms are illustrated and discussed from a review perspective.

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Advanced Residential Applications and Case Studies

Credit Hours: 15 Tuition: $225 Enroll

Too often, the residential appraiser can become locked in the mindset that appraisal assignments can only be completed using traditional methods learned as part of the appraiser's basic knowledge. Advanced Residential Applications and Case Studies addresses the inevitable challenging residential appraisal assignment that you will face--either occasionally or even frequently. These assignments are often identified as properties that are complex in nature, ones for which there is a lack of ideal data, have unique improvements, or innumerable other challenging circumstances. In such cases, traditional appraisal methods may not work--or at least, not work the same way as in a commonplace appraisal assignment.

Challenging residential appraisal assignments require analyzing and interpreting market conditions as they relate to appropriate adjustments for market conditions, location, distance, physical characteristics, etc. Advanced Residential Applications and Case Studies addresses these challenges with instruction and review of case studies that demonstrate cost development, locational considerations, functional obsolescence, and data identification/quantification issues. There are several Case Study Exercises included throughout the case studies you will encounter. These exercises serve as a great tool to test your problem solving abilities in unique and difficult case studies. Advanced Residential Applications and Case Studies elevates your knowledge of challenging residential appraisal assignments and helps you to develop the expertise to recognize and address them in a competent manner.

Advanced Residential Applications and Case Studies will provide methodologies for valuing partial interests and addressing changes in market conditions, methods for forming conclusions using sound judgment and logic in supporting opinions, and valuation techniques for appraising complex properties. Your course instructor will walk you through each case study, revealing real life examples and how best to approach each assignment. This course provides invaluable learning tools for appraisers wishing to have the best arsenal when tackling challenging assignments.

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Market Analysis and Highest & Best Use

Credit Hours: 15 Tuition: $225 Enroll

Covers the relationship between market analysis and highest and best use. Learn how to find the information you need to make a highest and best use decision and how to interpret the information you find.

Provides information on how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization).

Completion of Basic Appraisal Principles and Procedures Courses required as a prerequisite for this course.

Credit for 15 hrs of the Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

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Residential Report Writing and Case Studies

Credit Hours: 15 Tuition: $225 Enroll

Demonstrates practical writing exercises necessary to produce convincing appraisal reports in daily practice.

Objectives are achieved through the mastery and application of residential valuation procedures, grammar rules and writing techniques, and specific writing assignments based on a residential case study.

Practice writing effective narrative comments for form appraisal reports and learn how to explain valuation procedures and conclusions to users of reports.
Techniques applied in this course are useful in real-life situations.

Completion of Basic Appraisal Principles and Procedures Courses required as a prerequisite for this course.

Credit for 15 hrs of the Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

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Residential Site Valuation and Cost Approach

Credit Hours: 15 Tuition: $225 Enroll

Provides an introductory understanding of fundamental concepts of appraising.
Focuses on the valuation of vacant land parcels and the development of the cost approach.

Develops your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. Covers the origin of the appraisal assignment to a final value estimate using various cost approach applications.

Completion of Basic Appraisal Principles and Procedures Courses required as a prerequisite for this course.

Credit for 15 hrs of the Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

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Statistics, Modeling, and Finance

Credit Hours: 15 Tuition: $225 Enroll

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 residential appraiser. This course outlines terminology and basic principles of statistics, including practical applications in statistical analysis. In addition, the course presents an explanation of real estate markets, terms of financing, and real-world examples of how financing affects the value of real property.

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National Appraising for the Supervisor and Trainee

Credit Hours: 4 Tuition: $105 Enroll

The Appraisal Qualifications Board of The Appraisal Foundation and the Virginia Real Estate Appraiser Board require that this course be completed by both the supervising appraiser and the trainee appraiser.

Classroom Appraisal Licensing Courses (To be scheduled)

Basic Appraisal Principles

Credit Hours: 30 Tuition: $245

Basic Appraisal Procedures

Credit Hours: 30 Tuition: $245

15-Hour National USPAP

Credit Hours: 15 Tuition: $285