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.
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.
In order to receive your Course Completion Certificate for the Basic Procedures 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.
The following reference book is provided by VanEd:
The course is designed to use the course textbook in close conjunction with the internet material as follows:
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 text material and each quiz question references the relevant page in the text. 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.
Identify a proctor from one of the following two categories:
Verified Approval: This can be a librarian, clergy or notary public. For these proctors ONLY, electronic verification is required. Go directly to Step 2 below.
Students should make arrangements with the proctor of your choice prior to showing up to take the exam. Not all entities provide proctoring services, or provide them only by appointment.
Print a copy of the Proctored Exam Documents, which consists of the following three pages:
Email or Fax the Proctor Affidavit and Student Affidavit to:
We will release course completion certificates once the affidavits are received. All proctor information submitted will be verified for both the Verified Approval proctors as well as the Advanced Approval proctors. Submission of incomplete or incorrect proctor information is grounds for certificates of completion to be withheld.
Please read the VanEd Real Estate 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.
All VanEd appraisal licensing courses are AQB-Approved. The Appraisal Foundation's Appraisal Qualifications Board (AQB) uses independent appraisal educators who are selected for their knowledge and experience in appraising to review all courses that are approved by the AQB. The AQB chief reviewer also reviews the courses to assure objectivity and quality control.