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Overview:
If you are considering a career in professional valuation services, your journey should begin with Basic Appraisal Principles. This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, market area analysis, highest and best use, and ethical considerations. The course will provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue. By successfully completing the course and exam, you will have met most states' education requirements in the content area identified as basic appraisal principles.
Students have 45 days from the session start date to complete the course material for this program. This course is completed at the student's own pace.
Do I have to take the course exam?
You are required to complete and pass a proctored offline exam if:
- you are taking this class to meet state qualifying education requirements
- you are taking this class to meet the qualifying education requirements for an Appraisal Institute designation
You may be required to complete and pass a proctored offline exam if:
- you are taking this class to meet state continuing education requirements. Most states do not require the exam for CE credit, but please confirm this with your state licensing board.
You are not required to complete and pass a proctored offline exam if:
- if you are taking this class to meet the continuing education requirements of an Appraisal Institute designation
You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.
Syllabus:
Module 1: The Appraiser and Public Trust
Module 2: The Nature of Real Estate
Module 3: Rights and Interests in Real Estate
Module 4: Legal Description of Real Estate
Module 5: Forms of Property Ownership
Module 6: Controls on Ownership
Module 7: Contracts, Leases, and Deeds
Module 8: The Nature of Value
Module 9: Market Value
Module 10: Influences on Real Estate Values
Module 11: Economic Principles
Module 12: Applied Economics in Real Estate
Module 13: Market Fundamentals
Module 14: Real Estate Math Basics
Module 15: Math Applications in Real Estate
Module 16: Measurements and Statistics
Module 17: Introduction to Financial Calculations
Module 18: Time Value of Money Concepts
Module 19: Analyzing Market Areas
Module 20: The Nature of Appraisals
Module 21: Appraisal Principles in Practice
Module 22: Exam Content Review
Learning Objectives:
- Recognize the components of ethical and competent appraisal practice.
- Recognize the distinctive differences among land, real property, real estate, and personal property.
- Recognize and identify the three major land description systems.
- Recognize the major components that appear in all definitions of market value.
- Recognize the definitions of the economic principles of change, anticipation, supply and demand, competition, substitution, balance, externalities, and highest and best use.
- Solve basic real estate math problems in fractions, decimals, and percents.
- Solve for mean, median and mode.
- Use a financial calculator to perform mortgage calculations and to solve problems in simple and compound interest.
- Recognize the definitions of appraisal practice, valuation services, appraisal review, and appraisal consulting.
- Identify the basic components in the appraisers scope of work decision.
AI CE Credit for Designated members, Candidates for Designation and Practicing Affiliates
This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.
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Appraisal Institute Credit Hours
Attendance Hours:
28.0
Exam Hours:
2.0
Category
General/Residential [G/R]
Prerequisites
None
Required Technology
The cost of this course includes a printed student manual that will be shipped to the students within 7 days of registration.
A financial calculator is required for this class. The allowed calculators are: HP 10b, HP 10bii, HP 12c, HP 17bii, HP 19bii calculators or Texas Instruments (TI) BA II PLUS. Other calculators are prohibited. You can take one of the approved calculators into the exam provided you clear the memory banks beforehand.
Recommended Text
The Appraisal of Real Estate, 13th ed. 
The Dictionary of Real Estate Appraisal, 5th ed.
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Tuition
AI Price:
$ 364.00
Full Price:
$ 444.00
Click Here for State Approvals
Instructor
Richard C. DuBay, SRPA, SRA
Contact Name
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Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
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Additional Information
ONLINE CLASS ACCESS
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".
If you have any questions, please email us at OL-Help@appraisalinstitute.org.
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Online Class Schedule
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Can I enroll in a session that is already in progress?
05/15/2013 - 06/29/2013
Instructor: DuBay, Richard C., SRPA, SRA
06/01/2013 - 07/16/2013
Instructor: DuBay, Richard C., SRPA, SRA
06/15/2013 - 07/30/2013
Instructor: DuBay, Richard C., SRPA, SRA
07/01/2013 - 08/15/2013
Instructor: DuBay, Richard C., SRPA, SRA
07/15/2013 - 08/29/2013
Instructor: DuBay, Richard C., SRPA, SRA
08/01/2013 - 09/15/2013
Instructor: DuBay, Richard C., SRPA, SRA
08/15/2013 - 09/29/2013
Instructor: DuBay, Richard C., SRPA, SRA
09/01/2013 - 10/16/2013
Instructor: DuBay, Richard C., SRPA, SRA
09/15/2013 - 10/30/2013
Instructor: DuBay, Richard C., SRPA, SRA
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