Please note that this online program is being retired as of December 31, 2013. Students enrolled in previous sessions will be able to finish after this date and will receive all applicable credit.
Note: This program is an Appraisal Institute requirement for practicing MAI, SRPA, and SREA designated members. SRA and RM members are also welcome.
This program familiarizes you with the rigorous content of residential and general applications covered in the new qualifying education courses required by the AQB. In addition, you will also apply market analysis and highest and best use concepts and procedures to residential and general problems. Cash flow tools, statistical analysis, and the breakdown method are also applied. A self-assessment evaluates your appraisal strengths, as well as determines skill areas in which to seek further knowledge.
*** This program is only available as a package containing the 7-hour general portion and the 8-hour residential portion. Both classes together equal 15 hours, and must be completed to meet the Appraisal Institute requirement for practicing MAI, SRPA, and SREA designated members.
Module 1: Review of the Appraisal Qualifications Board's New Requirements
Module 2: Definition of The Problem, Scope of Work and Data Collection
Module 3: Data Analysis
Module 4: Land or Site Value Opinion
Module 5: Applications of the Approaches to Value
Module 6: Extracting Methods and Cost Approach Tools
Module 7: Data Analysis: Advanced Market Analysis
Module 8: Data Analysis: Applying Market Analysis
Module 9: Application of the Income Capitalization Approach
Module 10: Application of the Sales Comparison Approach
Module 11: Application of the Cost Approach
- Identify the new qualifying education courses offered by the Appraisal Institute.
- Identify the impact of the 2008 qualifying education requirements on the appraisal profession.
- Identify some contemporary issues related to defining the problem and scope of work.
- Identify real estate professional organizations and their Web sites.
- Show appraisers recent developments of residential and general applications in the appraisal profession.
- Provide appraisers with practice in applying market analysis and highest and best use concepts and procedures.
- Provide appraisers with the opportunity to evaluate appraisal strengths as well as determine skill areas in which to seek further knowledge.
- Recognize the six-step process of market analysis.
- Identify market data that can be used to support a market value opinion.