Course #AP102:

   Basic Appraisal Procedures         (30 Hours Qualifying Education - Tested)

This course is designed as basic instruction for the student interested in learning real property appraisal procedures and concepts. The lessons cover basic appraisal procedures based on the AQB Course Module with appropriate subtopics.  Basic Appraisal Procedures provides the foundation for subsequent education for those interested in pursuing a career in real estate valuation.

Course Objectives:  The objectives of this course are to:

•  provide the student with a solid foundation in real estate appraisal procedures and concepts.
  
•  provide the student with an understanding of the approaches to value.
•  develop an understanding of the valuation process and relate the process with the Uniform Standards of Professional Appraisal Practice.
•  develop an understanding of the reconciliation process and how to analyze the data to develop a final opinion of value.
•  explain the reporting elements including the report options.
•  demonstrate how to properly identify the property characteristics that are appropriate based on the intended use and intended user of the appraisal assignment.
•  develop an understanding of basic construction elements including architectural styles and types of construction. 
•  provide an opportunity for the student to apply learned concepts to applications.

Prerequisite: AP101 or equivalent

This course is designed to comply with the new AQB Criteria for real property appraiser licensing and certification.

Approved for both Qualifying and Continuing Education in Nebraska (Approval #Q20602)

South Dakota approval #SD399

This course meets the new qualifying education criteria for the State of Iowa

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Last modified:  07/15/08