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. (Click here for a topic matrix).
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.
Course Outline
Course Completion Certificate
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.
Course materials
The following reference book is provided by VanEd:
Using the Course Materials
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.
Testing
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.
Final Exam Proctor
The course final exam must be taken online in the presence of a proctor according to the following guidelines:
Prior arrangement requirements:
i. Fax proctor's telephone number
ii. A copy of government issued photo identification
iii. E-mail address
Van Education Center 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.
Van Education Center
5345 Arapahoe Ave, Suite 7
Boulder, CO 80303
Appraisal Catalog
Please CLICK HERE to open the Appraisal School Catalog
IDECC Certification
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.
VanEd is also interested in your feedback. Please contact us by telephone (1-800-652-8857) or by email (blee@vaned.com).
Appraisal Foundation Certification
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.
