|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|
|G-1 - No General Category Classes Yet|
|G-2 - No General Category Classes Yet|
|G-3 - No General Category Classes Yet|
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.
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.
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.
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.
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.
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.
|What's required by the North Carolina Appraisal Board.|
|Visit the Appraisal Foundation|
|Visit the Appraisal subcommittee|
|Buy your USPAP text books here.|
APPRAISER CONTINUING EDUCATION COURSES
This course focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers. It also includes some commonly misunderstood aspects of USPAP. This course assumes the participants have previously had a 15-hour USPAP course.
This course is designed to aid appraisers in all areas of appraisal practice seeking updated competency in USPAP, including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups or employers.
The national USPAP courses require the purchase of the current version of USPAP, course cost includes the corresponding 15 or 7 hour student manual (requires advanced registration). Orders can be placed with the Appraisal Foundation by calling 1-800-348-2831. Order these well in advance of the course date to assure delivery and avoid rush shipping charges.
Technology & Appraisers $110, 7-Hours
This course focuses on using technology to streamline and optimize the Scope of Work and Reporting processes in real property appraisal assignments. Attendees will share and identify resources that assist them on a daily basis in their business. They will receive web links to mapping and other public record data, Excel templates for Cost, Sales Comparison and Income Approaches, NCAB required appraisal log templates, Word templates that include automatic Table of Contents and data entry fields. The course is filled with tips that make finding, acquiring and using information effortless.
Supervisor- Trainee & Current Events $110, 7-Hours
This course is an adaptation of the NCAB's new Supervisor Trainee Course. In addition to the rquired 4 hours of material relating directly to supervisors and trainees, we have added a morning section that covers current events relating to appraisals, appraisers and our industry. Get your required Supervisor - Trainee Course and knock out 7-hours of CE at the same time. Great for all appraisers.
This course provides an overview of Fannie Mae Guidelines for real estate appraisers. It specifically covers the Fannie Mae Uniform Residential Appraisal Report (URAR) Form 1004 and how appraisers performing reports are expected to address market and appraisal issues using this common form. Additional Fannie Mae forms will be discussed, including addressing USPAP reporting requirements and what steps the appraiser can take to make these forms USPAP compliant.
completion of the course attendees will be knowledgeable of Fannie Mae
Appraisal forms and how they should be filled out. Students will have
a better understanding of form reports and understand USPAP reporting
requirements that will be required to make the forms USPAP and NCAB
1. Fannie Mae Handbook for Appraisers
2. URAR Form 1004
the New Way 7 Hour, $110
This course will offer a review and discussion of the requirements set forth by FHA for appraisals. The seminar addresses such topics as: FHA minimum property standards for existing construction, considerations for proposed and under construction appraisals, what are valuation conditions, what are reasons to reject a property, how to complete the appraisal report per FHA standards, how to complete the property re-inspection report, reconsiderations, billing information, and much other material that can be found In the HUD Handbook 4150.2. We will also be going over FHA Handbook 4000.1 as areas relating to the appraisal of Real Estate become active
This course provides an overview of the residential appraisal review process and focuses on the techniques, responsibilities and requirements of reviewers. This is accomplished by an in-depth discussion of USPAP Standards, Statements and Advisory Opinions. There will be an analysis of desk reviews and field reviews, reviews with new value opinions and reviews of properties where there is no new opinion of value.
In addition, an in depth analysis of the most common and recent review forms will be performed. There will also be discussion of these forms compliance with USPAP's reporting and development requirements from Standard 3.
Course attendees will gain an in-depth understanding of reviews, and establish a foundation for performing independent, impartial and objective appraisal reviews.
1. Copy of FIRREA appraisal law
2. Copy of the Appraisal Rules, Office of the Comptroller of Currency
3. Copy of Uniform Residential Appraisal Report form
4. Copy of FNMA Test Form 2000
5. Copy of Uniform Review Appraisal Report
to Environmental Risk Screening
This course provides an overview of global environmental problems, including global warming, destruction of forests and depletion of ozone. It includes information about national and local problems including hazardous waste sites, acid rain, wetlands & flood plains, drinking water and waste disposal.
completion of the course attendees will be knowledgeable of major global
environmental problems. They will be knowledgeable about environmental
aspects of hazardous waste sites, wetlands, flood plains, drinking water
and sanitary waste disposal. There will be discussion of addressing
issues in appraisal reports, the extent of responsibility the appraiser
has in identifying potential hazardous environmental conditions, and
identifying the impact on value that a known environmental hazard has
The North Carolina Appraisal Board Expects From You $85, 4-Hours
This course provides an overview of the North Carolina Appraisal Board Rules and the North Carolina Appraisers Act. This is accomplished by an in-depth discussion of North Carolina General Statute 93E Chapters 1-14 and Section 57A-C of the Occupational Licensing Boards', Real Estate Appraisal Board rules.
There will be discussion of common violations of Appraisal Board Rules as they relate to General Appraisal Practice. Course attendees will gain an in-depth understanding of Appraisal Board Rules & the North Carolina Appraisers Act.
1. Copy of North Carolina Appraisal Board Information and Application Booklet
|North Carolina Appraisal Board continuing education requirements.|