Plymouth, MI, 48170 Phone: (734)207-5301, Fax: (734)207-5208 AREAI@comcast.net
REAL ESTATE APPRAISING CLASSES
ALL MATERIALS PROVIDED; TUITION INCLUDES LUNCH
THESE CLASSES MAY BE TAKEN FOR CONTINUING EDUCATION CREDIT
#0004-01700902 NATIONAL UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE (USPAP) 2008
This class details the standards of practice required by real estate appraisers. Emphasis is placed on the Preamble, Definitions, Ethics Rules, General Rules, related comments and the Statements on Standards. USPAP may be used toward continuing education and 14 hours credit is given. THIS CLASS DOES NOT TAKE THE PLACE OF THE SEVEN HOUR USPAP UPDATE FOR APPRAISERS NEEDING CONTINUING EDUCATION BUT CAN BE TAKEN FOR ADDITIONAL CONTINUING EDUCATION.
15 class hours credit / 14 hours continuing education credit Tuition $325
#0004-0135 BASIC APPRAISAL PRINCIPALS NEW
This class covers the introduction to appraising including real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles and understanding market analysis. Also included are appraiser ethics and their application to the process.
30 class hours credit / 28 hours continuing education credit Tuition $500
#0004-0134 BASIC APPRAISAL PROCEDURES NEW
This class covers an overview of the approaches to value, valuation procedures, property description and residential applications. PLEASE BRING A CALCULATOR, PREFERABLY HP-12C
30 class hours credit / 28 hours continuing education credit Tuition $500
PRE-LICENSURE CLASSES REQUIRED FOR LICENSED REAL ESTATE APPRAISER
#0004-0137 RESIDENTIAL MARKET ANALYSIS AND HIGHEST AND BEST USE NEW
This class covers residential markets analysis including market fundamentals, characteristics, definitions, supply and demand. The highest and best use covers definitions, test constraints, applications of special considerations and case studies. PLEASE BRING A CALCULATOR, PREFERABLY HP-12C
15 class hours credit / 14 hours continuing education credit Tuition $250
#0004-0138 RESIDENTIAL APPRAISER SITE VALUATION AND COST APPROACH NEW
This class covers site valuation methods, techniques and includes case studies. The cost approach will cover concepts, definitions, cost new, methods of obtaining depreciation, and case studies. PLEASE BRING A CALCULATOR, PREFERABLY HP-12C
15 class hours credit / 14 hours continuing education credit Tuition $250
#0004-0139 RESIDENTIAL SALES COMPARISON AND INCOME APPROACHES NEW
This course covers valuation principles and procedures for the sales comparison and income approaches; financing and cash equivalency, financial calculator introduction, measuring adjustments, GRM, partial interests and reconciliation. Case studies are included. PLEASE BRING A CALCULATOR, PREFERABLY HP-12C. This class also breaks down into two 15 hour classes: #0004-0221 Residential Sales Comparison Approach, and #0004-0222 Residential Income Approach: Tuition is $250 for each.
30 class hours credit / 28 hours continuing education credit Tuition $500
#0004-0136 RESIDENTIAL REPORT WRITING NEW
This class covers the writing and reasoning skills when compiling a report, writing techniques and problems, form report development, USPAP compliance and case studies. Included in this course are case studies. PLEASE BRING A CALCULATOR, PREFERABLY HP-12C
15 class hours credit / 14 hours continuing education credit Tuition $250
PRE-LICENSURE CLASSES REQUIRED FOR CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER
#0004-0219 STATISTICS, MODELING AND FINANCE NEW
This course is designed to provide students both the theory and practice of statistics, real estate finance, and valuation modeling for today’s appraiser. The first half of the material reviews terminology and basic principles of statistics, including practical applications in statistical analysis. The last half present an explanation of real estate markets, terms of financing, and real-world examples of how financing affect the value of real property.
15 class hours credit / 14 hours continuing education credit Tuition $250
#0004-0218 ADVANCED RESIDENTIAL APPLICATIONS AND CASE STUDIES NEW
This class is intended to elevate the student’s knowledge of challenging residential appraisal assignments and to develop the expertise to recognize and address those situations. Topic areas focus on complex properties that include valuing unique and high-end residential dwellings. Other areas covered include methodologies for valuing partial interests and addressing changes in market conditions. Being able to analyze market conditions and interpreting those conditions as they relate to appropriate adjustments for market conditions, location, distance, physical characteristics, etc, is a major area of this course. The cost of development, locational considerations, functional obsolescence, and data identification/quantification issues are also covered.
15 class hours credit / 14 hours continuing education credit Tuition $250
#0004-0220 MASTERING UNIQUE COMPLEX PROPERTY APPRAISAL NEW
This class will raise the level of awareness of the scope of work involved with assignments other than the everyday single-family residential appraisal. Property types discussed include: mixed-use, unusual, income-producing, and one-of-a-kind. Case study work is included.
20 class hours credit / 18 hours continuing education credit Tuition $300
OR
#0004-0217 METHODS OF REAL ESTATE APPRAISING NEW
This course focuses on the items that create value which are measured mathematically in the three approaches to value and has been designed to expand the participants understanding of appraisal theory and valuation skills. This class is an excellent introduction to commercial appraising. The course focuses on reinforcing appraisal principles and methods of extracting data from the market. The methods used for adjusting comparable sales, for developing accurate income and expense statements, and for extracting functional and economic depreciation from the market will be investigated.
20 class hours credit / 18 hours continuing education credit Tuition $300
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