Basic Appraisal Principles & Basic Appraisal Procedures must be completed sequentially (the 15-hour USPAP and Supervisor Trainee courses may be taken any time after BAPRO) and satisfactory completion of all five courses will qualify the student to apply as a Registered Trainee with the North Carolina Appraisal Board. (No exam is currently required). Basic Principles and Procedures must be taken before the Market Analysis and Highest and Best Use Course and the 15-Hour National USPAP Course.

	Qualifying Education Courses
	Basic Appraisal Principles
	Basic Appraisal Procedures
	Market Analysis & Highest and Best Use
	15 Hour National USPAP Course
	Supervisor - Trainee Course
	National USPAP Update 7 Hours
	Continuing Education Courses
	Technology & Appraisers
	Supervisor - Trainee & Current Events
	Fannie Mae Guidelines for Appraisers
	FHA Appraisal the New Way
	Courses Below Currently Not Offered
	Introduction to Environmental Risk Screenings
	Appraisers and Residential Reviews
	Fundamental Appraisal Principles Part I
	G-1 - No General Category Classes Yet
	G-2 - No General Category Classes Yet
	G-3 - No General Category Classes Yet
	Fundamental Appraisal Principles Part II
	Analysis of the AQB's FAQ's Part I
	Analysis of the AQB's FAQ's Part II
	Paired Sales Analysis
	What the NC Appraisal Board Expects From You

Basic Appraisal Principles (R-1) 30 hrs. $450 when purchased a la carte.

This AQB approved course introduces the student to the subject of real estate appraisal and prepares the student for the R-2 course on "Valuation Principles and Procedures". It begins with coverage of basic real property law, followed by coverage of the various concepts of value and the operation of real estate markets. Relevant mathematical concepts are then reviewed and the student is introduced to statistical concepts used in appraisal practice. Next comes the coverage of real estate financing terminology and practice, followed by an introduction to the basics of residential construction and design. The student is then provided an overview of the entire valuation (appraisal) process, and the course concludes with specific coverage of residential neighborhood analysis, two of the most important steps in the appraisal process.

Basic Appraisal Procedures (R-2) 30 hrs. $450 when purchased a la carte.

This AQB approved course focuses on the procedures (methodology) used to develop an estimate of property value and how the various principles of value relate to the application of such procedures. Emphasis is in appraisal of residential 1-4 unit properties and small farms: all the concepts and procedures covered are applicable to the appraisal of all types of properties. The course begins with a review of the appraisal process and proceeds into thorough coverage of the sales comparison approach, followed by site valuation methods used to appraise 1-4 unit properties. The cost approach is then covered in depth. The basic concepts and methodology associated with the income approach are covered, with emphasis on direct capitalization using an overall rate and the gross rent multiplier technique. Finally, the student is introduced to the process of reconciling property value estimates obtained through application of the approaches to value.

Residential Market Analysis and Highest and Best Use (R-3) 15 hrs. $255 when purchased a la carte.

AQB approved, this15-hour course helps users learn market analysis procedures and techniques such as supply and demand analysis and use of the highest and best use theory. Using an open instructional design, each lesson blends theory and practice to engage users and pace material into manageable elements. "In Practice" scenarios and case studies provide real-world applications to reinforce student mastery of principles and procedures learned. Both lesson and section reviews also check understanding of content.

15-Hour National USPAP Course $475 when purchased a la carte.

This AQB designed 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 (USPAP). This course is unique in that it was developed in 1998 and revised annually for The Appraisal Foundation with assistance from the eight Appraisal Sponsoring Professional Organizations for use nationwide.

In addition to lectures, the course includes Discussion Examples that show how USPAP applies to situations that appraisers encounter in everyday practice. These examples address issues frequently experienced by appraisers as professionals in the appraisal of real property, personal property, and businesses or intangible assets, in appraisal review, and in real property appraisal consulting assignments.

This course is required for application to the North Carolina Appraisal Board for Trainee registration, Appraiser Licensure or Certification.

The Trainee Appraiser program requires the purchase of "Basic Appraisal Principles", "Basic Appraisal Procedures" and "Residential Market Analysis and Highest and Best Use" from Hondros (Available at Realetech), the current edition of USPAP (Available at Realetech) and an HP Financial Calculator is recommended, but there are some great HP apps for smart phones which are way cheaper! Generally books will be given out the first day of class.

WE HAVE NO GENERAL CATEGORY COURSES AT THIS TIME...

Introduction to Income Property Appraisal (G-1) 30 hrs. $470.00

This course introduces concepts and techniques used to appraise real estate income properties. It begins with a discussion of underlying economic principles and motivations for investing in income property, The appraisal process is then reviewed with emphasis on income property. This is followed by a discussion of real estate market analysis, property analysis, and site valuation. Mathematical and statistical concepts used in the appraisal of income property are covered next followed by coverage of how to use financial tables and/or financial calculators to solve a variety of problems associated with analysis of real estate income properties, including present value, loan calculations, estimation of net operating income, and estimation of before tax cash flow. Next students are introduced to other capitalization rates.

Advanced Income Capitalization Procedures (G-2) 30 hrs $470.00

This course reviews and then expands on the concepts introduced in Course G-1. The direct capitalization techniques introduced in G-1 are expanded to include various band of investment and residual techniques used in income property appraisal. This is followed by a thorough discussion of the concepts of yield rates and of discounted cash flow analysis (yield capitalization), which is the primary focus of this course. Financial leverage is also discussed so students better understand the relationship between various yield rates and capitalization rates. Several traditional yield capitalization formulas including Inwood, Hoskold, Ellwood and Akerson, are then discussed. Although rendered obsolete by the advent of financial calculators, these formulas are still used by many appraisers and students should be familiar with them. A financial calculator is required for this course.

Applied Income Property Valuation (G-3) 30 hrs $470.00

This course covers laws, rules and standards which must be followed by appraisers and focuses on the application of principles and practices to the appraisal of income properties. The course begins with a review of federal laws/regulations applicable to appraisers, followed by coverage of the North Carolina Appraisers Act and coverage of the Uniform Standards of Professional Appraisal Practice (which are part of the Board's rules). Preparation of narrative appraisal reports is then covered, with students also being introduced to the Uniform Commercial and Industrial Appraisal Report (UCIAR) form. Coverage then shifts to appraising leased income properties, with emphasis on the effect of various lease provisions on the value estimate. The student then participates in highest and best use case studies, followed by case studies of appraisals of various types of existing income properties, which is the major focus of the course.. The course concludes by covering considerations in appraising various development projects.