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Basic Appraisal Principles

Online Education

Course

Category	General/Residential [G/R]
Level	I
Attendance Hours	28.0
Exam Hours	2.0
Current Price	$ 364.00 AI $ 444.00 Full

Instructor

Richard C. DuBay, SRPA, SRA

Location

Appraisal Institute - Online Education

Click Here to check state approvals

Sponsor / Contact

	Appraisal Institute
Email	OL-Help@appraisalinstitute.org
Phone	(877) 674-2447

Description

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.

Equipment

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.

For Further Reading

•	The Appraisal of Real Estate, 13th ed.
•	The Dictionary of Real Estate Appraisal, 5th ed.

Disclaimer

Cancellation Policy
If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

• Less than 25% of the seminar completed: $60 cancellation fee

• More than 25% of the seminar completed: no tuition refund

Transfer Policy
If you wish to transfer a registration from one seminar to another, the following transfer policy applies based on the amount of material completed in a seminar:

• Less than 25% of original seminar completed:
  • First transfer allowed: no charge
  • Second transfer allowed:
     $60 charge
           (for 7 hour programs and above)
     $35 charge
           (for 6 hour programs and below)
  • Any transfer not allowed beyond two

• More than 25% of original seminar completed: no transfer allowed

If you transfer from a lower priced seminar to a higher priced seminar, you will be responsible for paying the difference using the automated online system. If you transfer from a higher priced seminar to a lower priced seminar, an appropriate tuition refund will be issued.

Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.

Cancel Offering, $25.00 material fee.

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.

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.

• Online Education Homepage

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Save $ 119.00 AI / 139.00 Reg Package - Online Basic Principles + Procedures					$ 609.00 AI $ 749.00 Reg
Basic Appraisal Principles	Course Details	[G/R]	30	Appraisal Institute - Online Education
Basic Appraisal Procedures	Course Details	[G/R]	30	Appraisal Institute - Online Education

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Basic Appraisal Principles	Course Details	[G/R]	30	Appraisal Institute - Online Education
Basic Appraisal Procedures	Course Details	[G/R]	30	Appraisal Institute - Online Education
15 Hour National USPAP Equivalent Course	Course Details	[SPP]	15	Appraisal Institute - Online Education
Online Residential Market Analysis and Highest & Best Use	Course Details	[Res]	15	Appraisal Institute - Online Education
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