Career WebSchool

This package includes:

• 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.
• Basic Appraisal Procedures - Introduces students to the valuation process and provides an overview of the three approaches to value. The collection and analysis of neighborhood and property data are also covered, including improvements, site description, and highest and best use, with an emphasis on residential property applications.

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 2008 Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level.

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 2008 Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level.

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 income approach process and lists each of the steps in the process.
• Completion of Basic Appraisal Principles and Procedures Courses required as a prerequisite for this course.
• Credit for 30 hrs of the 2008 Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

Provides step-by-step, in-depth instructions for preparing the Uniform Residential Appraisal Report (URAR) within the guidelines set by the Federal Housing Authority (FHA) and in compliance with USPAP.

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 2008 Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

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 2008 Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

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.