REA-APP7144 - National USPAP

Course Description

Description:

This National Uniform Standards of Professional Appraisal Practice (USPAP) course fulfills the 15-hour requirement as
established by the Appraiser Qualification Board (AQB) and The Appraisal Foundation.

To become a Registered Trainee, one must complete REA-APP 7201 Basic Appraisal Principles and REA-APP 7202 Basic Appraisal Procedures before enrolling in this course.

Course Outline

Method of instruction:

Lecture, Class discussion, Textbook and Exam

Course content:

A. Orientation - Introduction the Real Estate Industry Explanation Of course Explanation of student manual and additional materials Explanation of course procedures Ground Rules Questions

B. History, Professionalism, Valuation Services and Appraisal Practice and the Preamble and Structure of the Uniform Standards of Professional Appraisal Practice (USPAP). Responsibilities of Agents and Assistants.

C. USPAP Definitions and Rules

D. USPAP Standard 1 -Real Property Appraisal, Development Standard 2 - Real Property Appraisal, Reporting

E. USPAP Standard 3 - Appraisal Review, Development and Reporting

F. USPAP Standard 4 and 5 - Real Property/Real Estate Appraisal Consulting, Development and Reporting

G. USPAP Standard 6 - Mass Appraisal, Development and Reporting

H. USPAP Standard 7 and 8 - Personal Property Appraisal, Development and Reporting

I. USPAP Standard 9 and 10 - Business Appraisal, Development and Reporting

J. USPAP Standard USPAP - Statements on Appraisal Standards and Advisory Opinions

K. USPAP - Course Review Exam

Learner Outcomes

Course Objectives:

Acquire knowledge of the basic practices and tools for real estate appraisal Prepare for the NC state Residential
Appraiser licensing exam conducted by the NC Appraisal Board.

Evaluation:

Students must achieve 74% or better on the Final exam and 100% attendance to receive a course completion certificate.

Notes

This class requires three textbooks. To participate in the class, you must obtain all three textbooks prior to the start of the class.

Prerequisites

To become a Registered Trainee, one must complete REA-APP 7201 Basic Appraisal Principles and REA-APP 7202 Basic Appraisal Procedures before enrolling in this course. You must have passed REA-APP7202 Basic Appraisal Procedures before you can register for REA-APP7144 Uniform Standard of Professional Appraisal Practices.