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.


Click Below to jump to the course description
  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.


If all R-Series courses are to be taken, a fee of $1,550 may be paid in advance of the R-1 start date. This one time fee will include all books, and is a significant savings over paying one course at a time and buying books individually.

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.


AQB's FAQ's Part I 7 hour $110

AQB's FAQ's Part II 7 Hour $110, $200 for both,
includes FAQ Book

Fundamental Appraisal Principles Part I
(Crammer Course) 7 Hour $110

Fundamental Appraisal Principles Part II
(Crammer Course) 7 Hour,
$110, $200 for both,

 


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


7-Hour National Uniform Standards of Professional Appraisal Practice, Update Course ($210 w/ books or $110 bring your own)

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.


New! Supporting Adjustments in the Sales Comparison Approach, 7-hours $110

This course will review and expand on methods for determining appropriate adjustments in the Sales Comparison Approach. It begins with a discussion of various assignment types, intended users and intended uses as they relate to the need for supporting adjustments. Many assignment types require significantly greater detail and accuracy when making adjustments; and attendees in this course will learn different means of satisfying more demanding clients. Application of various techniques from the Cost, Sales and Income Approaches will be explored in depth; using actual facts and figures from real-life appraisals as examples. Can you derive a single line-item adjustment from the Cost Approach? Remember “Paired Sales Analysis”?, How about the Gross Rent Multiplier Method? How do you derive and apply “percentage” adjustments? All are covered in this in-depth course, with some ideas you may not have considered. During the course every line-item on the Sales Comparison Grid of the Uniform Residential Appraisal Report form will be discussed.  A simple calculator will be helpful as we work through various examples. Even though the URAR is used for illustrations these techniques are equally applicable to commercial appraisal assignments. This course is appropriate and will be beneficial for both residential and general appraisers.

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.


Fannie Mae Guidelines for Appraisers $110, 7-Hours

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.

Upon 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 compliant.
Attendees Receive:
1. Fannie Mae Handbook for Appraisers
2. URAR Form 1004


FHA 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


Appraisers and Residential Reviews $110, 7-Hours

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.

Attendees Receive:
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


Introduction to Environmental Risk Screening
$110,
7-Hours

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.

Upon 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


What 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.

Attendees Receive:
1. Copy of North Carolina Appraisal Board Information and Application Booklet


 

North Carolina Appraisal Board continuing education requirements.

 

 
 

 

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