SEF-APP7144 - The Uniform Standards of Professional Appraisal Practice (USPAP)

Course 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. Those seeking to become a Registered Trainee must complete APP 7201 and APP 7202 prior to taking this course.

Course Outline

1. Orientation - Introduction The Real Estate Industry Explanation of course Explanation of student manual and additional materials Explanation of course procedures Ground Rules Questions
2. 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.
3. USPAP Definitions and Rules
4. USPAP Standard 1 - Real Property Appraisal, Development Standard 2 - Real Property Appraisal, Reporting
5. USPAP Standard 3 - Appraisal Review, Development and Reporting
6. USPAP Standard 4 and 5 - Real Property/Real Estate Appraisal Consulting, Development and Reporting
7. USPAP Standard 6 - Mass Appraisal, Development and Reporting
8. USPAP Standard 7 and 8 - Personal Property Appraisal, Development and Reporting
9. USPAP Standard 9 and 10 - Business Appraisal, Development and Reporting
10. USPAP Standard USPAP - Statements on Appraisal Standards and Advisory Opinions
11. USPAP - Course Review Exam  

Learner Outcomes

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.

Notes

Lecture, Class discussion and Exam.

Students must achieve 90% or better on the Final exam and 100% attendance to receive a course completion certificate.

Textbooks are required

Applies Towards the Following Certificates

• Appraisal Certificate Program : Appraisal Certificate Program