This package consists of three courses:
The Basic Real Estate Appraisal Principles Course is a 30-hour introductory appraisal course that meets the standards set forth by The Appraisal Foundation's required core curriculum effective January 1, 2008.
The course covers basic real property concepts and characteristics, legal considerations associated with defining, using, and transferring real estate, financing real estate, externalities that influence real estate value, classic economic principles, the application of economic principles to real estate, real estate markets and analysis, and ethics as they relate to the appraiser. This course represents a critical piece of the knowledge foundation that is required for a student to begin their appraisal career.
For each chapter in the course there are key vocabulary words, examples, quizzes, and exams that are provided to reinforce important concepts and test the students' knowledge.
The Appraisal Qualifications Board (AQB) of The Appraisal Foundation has approved the Harrison - Lee Appraisal Education Company, Basic Appraisal Principles Course.
The Basic Appraisal Procedures Course is a 30-hour introductory appraisal course that meets the standards set forth by The Appraisal Foundation's required core curriculum effective January 1, 2008 (Click here for a topic matrix).
The course covers the valuation process including defining the appraisal problem, collecting and selecting data, describing the subject property, the three traditional approaches to value (cost approach, sales comparison approach, and income approach), reconciliation, communicating the appraisal results, and sample completed appraisals. This course represents a critical piece of the knowledge foundation that is required for a student to begin their appraisal career.
For each chapter in the course there are key vocabulary words, examples, quizzes, and exams that are provided to reinforce important concepts and test the students' knowledge.
The Appraisal Qualifications Board (AQB) of The Appraisal Foundation has approved the Harrison - Lee Appraisal Education Company, Basic Appraisal Procedures Course.
The 15-Hour National USPAP 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).
The course will discuss the role of the appraiser and the impartiality associated with this role. The course includes real-life case study problems (“Illustrations”) that show how USPAP applies in situations that appraisers encounter in everyday practice. This course is designed to aid appraisers seeking competency in USPAP, in all areas of appraisal practice including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers. This course provides at least 15 hours of instruction in USPAP and is completed with a final exam.
Note: Our USPAP course is hosted by McKissock. Following the purchase of this course, you will receive login information from McKissock to access the 15-Hour USPAP content.
In order to receive your Course Completion Certificate for each course, you must successfully complete (with a score of 75 percent or greater) each of the exams and one final exam.
The final exam must be taken under the supervision of a proctor. The guidelines for identifying and utilizing a qualified proctor are provided under the Testing link above.
Additionally, the student must submit an affidavit certifying that the person receiving credit for the course is the same person who took the course. All exams are taken on the Internet, and the exams are instantly graded.
All chapter exams must be successfully completed prior to taking the online final exam.
Quizzes, exercises and exams are all graded instantly.
Exercises include mathematical calculators, interactive worksheets, keyword concepts and short answers. The instructor's responses to the exercises are provided immediately after the student submits his or her answers.
All testing and grading will occur online. Testing includes quizzes, section exams, and a final exam.
Quizzes are intended to reinforce important concepts and are distributed throughout the course. There is typically one quiz for each two or three pages of course material and each quiz question references the relevant page in the course. If, after two attempts, there are still incorrect answers to the quiz, the correct answers are provided. All quizzes within a section must be completed prior to taking the section exam.
There are two types of exams: section exams, and a final exam. A passing score of 75 percent is required for each exam, and students must pass all exams to complete the course. Exams are graded immediately and results provided online. If a passing score is not achieved, the student is told which questions were answered incorrectly and given a 'study hint' that points to the material the student should review before attempting the exam again.
The course final exam must be taken online in the presence of a proctor according to the following guidelines:
Prior arrangements must be made with VanEd
Prior arrangement requirements:
i. Fax proctor's telephone number
ii. A copy of government issued photo identification
iii. E-mail address
VanEd will acknowledge acceptance of the proctor by e-mailing the proctor an affidavit with the proctor's name, students completed and acknowledgement of prior acceptance of the proctor.
If the proctor is one of a, b, or c above no prior approval of the proctor by Van Education Center is required.
Note: Students should make arrangements with the proctor of your choice prior to showing up to take the exam. Not all of these entities provide proctoring services, or provide them only by appointment.
Please CLICK HERE to open the Appraisal School Catalog
The International Distance Education Certification Center (IDECC) has accepted this course delivery. Students who take this course are encouraged to provide IDECC with feedback about their learning experience. A feedback email address is available at www.IDECC.org.
The Appraisal Foundation's Appraisal Qualifications Board (AQB) maintains a course approval program. Independent appraisal educators who are selected for their knowledge and experience in appraising and appraisal education have reviewed all courses that are approved by the AQB. The AQB chief reviewer also reviews the courses to assure objectivity and quality control.
The AQB does not require participation in this program but it is strongly encouraged. Van Education Center is pleased to state that all of our appraisal classes have been approved by the AQB.
