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14-Hour Renewal Package 2 with USPAP

SKU : 553NJ037001

Credit Hours | 14

Category | Continuing Education

$219.00

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This package includes:

- 2018-2019 7-Hour Equivalent USPAP Update Course - Issues commonly found in appraisal practice are addressed in multi-media scenarios that answer appraisers' frequently asked questions.

- Appraisal Math and Statistics - This course covers appraisal mathematical functions including calculating area, appraisal statistics, and mathematics of finance.

New Jersey 75-Hour Real Estate Appraiser Trainee Package

SKU : 558NJ069001

Credit Hours | 75

Category | New License

$899.00

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Complete with 75 hours of the new Associate Real Estate Appraiser Qualification Criteria. This package includes three courses: Basic Appraisal Principles, Basic Appraisal Procedures, and the 2018-2019 15-Hour Equivalent USPAP Course. Also included in this package is the USPAP Manual eBook.

Upgrade to Licensed Level Package

SKU : 558NJ062001

Credit Hours | 75

Category | Upgrade License

$795.00

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Ready to move from Trainee level to a Licensed Residential Appraiser? This appraisal online course package is designed just for you. It contains the required education to help you get to that next step in your career. This 75-hour appraisal class package includes: Residential Appraiser Site Valuation and Cost Approach, Residential Sales Comparison and Income Approach, Residential Market Analysis and Highest and Best Use, and Residential Report Writing and Case Studies.

14-Hour Renewal Package 1 with USPAP

SKU : 553NJ036001

Credit Hours | 14

Category | Continuing Education

$219.00

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This package includes:

- 2018-2019 7-Hour Equivalent USPAP Update Course - Issues commonly found in appraisal practice are addressed in multi-media scenarios that answer appraisers' frequently asked questions.

- A URAR Form Review - This course provides the student with the guidelines and direction to create URAR reports which are in compliance with USPAP.

Residential Sales Comparison and Income Approaches

SKU : 558NJ019001

Credit Hours | 30

Category | Upgrade License

$349.00

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Get an understanding of the fundamental concepts of appraising with this online appraisal course. It guides you through the different data that needs to be collected and reviewed during the appraisal process. This course explains how to use sales comparison grids and how to search for public comparable sales data in a computerized database. You'll learn the process and steps in the income appoach. Completion of Basic Appraisal Principles and Basic Appraisal Procedures courses are a prerequisite for this course. This course fulfills 30 hrs of the Real Property Appraiser Qualification Criteria for the Licensed Appraiser level.

Basic Appraisal Principles

SKU : 558NJ063001

Credit Hours | 30

Category | New License

$349.00

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Gain a foundation in appraisal principles. This course is an introduction to topics including legal considerations, what influences the value of real estate, real property concepts and characteristics, principles of economics, types of value and real estate markets and analysis, ethical considerations and highest and best use. This 30 hour course fulfills the Real Property Appraiser Qualification Criteria for the levels of Trainee up to Licensed Appraiser.

Residential Appraiser Site Valuation & Cost Approach

SKU : 553NJ017001

Credit Hours | 14

Category | Continuing Education

$189.00

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Gain confidence in your appraisal valuation skills! This online appraisal course provides a more in-depth dive into appraisal valuation concepts and cost approach applications. You'll develop a stronger understanding of the cost approach process with step-by-step examples of applying this appraisal value method. Course highlights include: interview methods and tips, market extraction, and data sources from professional services. Prerequisities: Basic Appraisal Principles and Basic Appraisal Procedures.

Residential Appraiser Site Valuation & Cost Approach

SKU : 558NJ011001

Credit Hours | 15

Category | Upgrade License

$199.00

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Gain confidence in your appraisal valuation skills! This online appraisal course provides a more in-depth dive into appraisal valuation concepts and cost approach applications. Plus, it meets 15 hours of the requirement for the Licensed Appraiser level of the Real Property Appraiser Qualification Criteria. You'll develop a stronger understanding of the cost approach process with step-by-step examples of applying this appraisal value method. Course highlights include: interview methods and tips, market extraction, and data sources from professional services. Prerequisities: Basic Appraisal Principles and Basic Appraisal Procedures.

Basic Appraisal Procedures

SKU : 558NJ014001

Credit Hours | 30

Category | New License

$349.00

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Need a thorough insight into the process of valuation? Then this course is for you! During this 30-hour appraisal course curriculum, you'll learn the three approaches used by appraisers to reach the opinion of value - income capitalization, sales comparison and cost - and how to derive multipliers and rates. You'll also be guided through the sales comparison approach, which is comprised of checking the validity of information, organizing a comparative analysis, making adjustments, selecting comparison units, and how to conduct market research and reconciliation. You'll get hands-on experience by completing crucial sections of an appraisal report as well as gain insight into property description, design basics and construction. This course fulfills 30-hours of Real Property Appraisal Qualification Criteria for the levels of Trainee to Licensed Appraiser.

2018-2019 7-Hour Equivalent USPAP Update Course

SKU : 553NJ18035001

Credit Hours | 7

Category | Continuing Education

$189.00

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Get a full understanding of the changes made to the Uniform Standards of Professional Appraisal Practice (USPAP).

This mandatory appraisal continuing education course will explain the rationale to the 2018-2019 USPAP revisions, address issues commonly found in the appraisal industry, and answer frequently asked questions with the use of interactive, multi-media appraisal scenarios

Also included in this package is the USPAP Manual eBook.

2018-2019 15-Hour Equivalent USPAP Course

SKU : 558NJ18065001

Credit Hours | 15

Category | New License

$289.00

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This mandatory course will introduce aspiring appraisers to the requirements for ethical behavior and competent performance set forth in the Uniform Standards of Professional Appraisal Practice (USPAP).

With the use of practice tests and interactive appraisal scenarios, you will get a full understanding of the history of appraisal standards, the structure of USPAP, essential steps in the appraisal process, USPAP definitions, and how to follow USPAP standards in your new career as a real estate appraiser. 

The mandatory Appraisal Foundation USPAP manual ($75 value) is included at no additional cost.

Residential Report Writing and Case Studies

SKU : 558NJ013001

Credit Hours | 15

Category | Upgrade License

$199.00

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Want to produce professional, thorough appraisal reports? Then this appraisal course is for you! You'll get a crash-course on the numerous writing exercises needed to be a successful appraiser. This online course covers residential valuation procedures, numerous writing techniques, and a review of grammar and writing assignments focused around a residential case study. With is hands-on course, you'll retain information better as you complete the exercises, including: compiling of competent and practical narrative comments to be included in appraisal reports as well as how to interpret valuation procedures and conclusions for people who use the reports. You'll get 15 hours of Real Property Appraiser Qualification Criteria for the Licensed Appraiser level upon completion of this appraisal class.

Residential Market Analysis and Highest and Best Use

SKU : 553NJ018001

Credit Hours | 14

Category | Continuing Education

$189.00

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Dive into residential market analysis with this online appraisal continuing education course. You'll get a deeper understanding of how to read, map and analyze a market area by applying highest and best use practices. Learn three approaches in appraisal valuation, including: sales comparison, cost and income capitalization. You'll gain insight into the connection between highest and best use analysis, market analysis, and the three approaches to real estate valuation. Prerequisites: Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures.

Residential Market Analysis and Highest and Best Use

SKU : 558NJ012001

Credit Hours | 15

Category | Upgrade License

$199.00

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This appraisal course prepares you to make solid decisions in the valuation process. You'll get a solid understanding of the interdependence within the application of market analysis. This online course meets the 15-hours of Real Property Appraiser Qualification Criteria for the Licensed Appraiser level. It highlights the association between cost, income capitalization and sales comparison (the three valuation concepts), highest and best use reasoning and analysis of the market. Prerequisites: Successful completion of Basic Appraisal Principles and Basic Appraisal Procedures.

Residential Report Writing and Case Studies

SKU : 553NJ016001

Credit Hours | 14

Category | Continuing Education

$189.00

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Want to produce professional, thorough appraisal reports? Then this appraisal course is for you! You'll get a crash-course on the numerous writing exercises needed to be a successful appraiser. This online course covers residential valuation procedures, numerous writing techniques, and a review of grammar and writing assignments focused around a residential case study. With is hands-on course, you'll retain information better as you complete the exercises, including: compiling of competent and practical narrative comments to be included in appraisal reports as well as how to interpret valuation procedures and conclusions for people who use the reports.

Sales Comparison Approach

SKU : 553NJ030001

Credit Hours | 7

Category | Continuing Education

$99.00

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How does the property you are appraising stand up to recently sold properties in the same area? This appraisal course walks the student through the sales comparison approach to real estate appraisal. You'll learn the procedures recommended in the collection of data, as well as different ways that adjustments can be estimated. This hands-on online appraisal class includes multiple examples to help the student apply and retain the information.

Cost Approach Overview

SKU : 553NJ022001

Credit Hours | 7

Category | Continuing Education

$99.00

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With this hands-on learning exercise you'll gain knowledge on cost approach valuation and the methods included in calculating it. You'll learn ways to estimate depreciation and cost. This introductory online appraisal continuing education course includes various examples to ensure proper understanding and retention.

Appraisal Math and Statistics

SKU : 553NJ020001

Credit Hours | 7

Category | Continuing Education

$99.00

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Having a true understanding of appraisal math is essential for your success as a real estate appraiser. This online appraisal course provides you with insight into key mathematical functions including the mathematics of finance, calculating area and statistics involved in appraisal.

Income Capitalization Overview

SKU : 553NJ023001

Credit Hours | 7

Category | Continuing Education

$99.00

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This hands-on appraisal course, complete with exercises to better your understanding and retention, provides you with an overview of how the income approach to valuation works. Lessons include estimating income and expenses as well as estimating capitalization rates. This continuing education appraisal class covers both yield capitalization and direct capitalization.

A URAR Form Review

SKU : 553NJ013001

Credit Hours | 7

Category | Continuing Education

$89.00

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This online appraisal course provides you with a detailed walkthrough of how to complete the Uniform Residential Appraisal Report (URAR). You'll learn each step of the URAR process as the class guides you through the sections and necessary fields of the form. At completion of this appraisal CE course, you should have a full understanding of how to complete the URAR reports in compliance with USPAP.

New Jersey 2-Hour Appraisal Law and Regulations Course

SKU : 553NJ032001

Credit Hours | 2

Category | Continuing Education

$19.00

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New Jersey 2-Hour Appraisal Law and Regulations Course provides a helpful review of the rules that apply to the real estate appraiser profession. Topics include: state laws and regulations, the New Jersey Real Estate Appraiser Board, licensing requirements, the complaint process, and key exam and licensee statistics. The appraisal course meets New Jersey's requirement that all licensed and certified real estate appraisers complete a 2-hour appraisal class on state law and rules governing the practice of real estate appraising.

New Jersey Appraisal License Requirements

Learn about the New Jersey education requirements for appraisal licensing and renewal. 

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the New Jersey Real Estate Appraiser Board. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.

New Jersey Appraisal Licensure Levels:

  • Trainee Appraiser
  • Licensed Residential Real Property Appraiser
  • Certified Residential Real Property Appraiser
  • Certified General Real Property Appraiser 

New Jersey Appraisal Licensure Requirements:

  • Must be at least 18 years of age
  • Must have a high school diploma or its equivalent
  • Must meet the educational requirement for the applying level of appraiser licensure
  • Must meet the experience requirement for the applying level of appraiser licensure
  • For Certified Residential level, one of the following is required:
    • Bachelor degree in ANY field
    • Associate's Degree in Business Administration, Accounting, Finance, Economics, or Real Estate
    • Completion of 30 hours of (1) relevant coursework, or (2) College Level Examination Program (CLEP) exams (3) or some mix of both
  • For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required. An alternative to the education requirement is also available: 5 years of experience, 5 years without any disciplinary action and completion of specific additional education
  • Satisfactory completion of the state examination (Trainee Appraisers are not required to take a state exam)
  • Submit application, required documents, and associated fees 

New Jersey Appraiser Education Requirements:

  • 75 hours for the Trainee Appraiser which consist of the following appraiser courses: Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours)
  • 150 hours for the Licensed Residential Real Property Appraiser which include the same hour requirement as the Trainee Appraiser level AND: Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours)
  • 200 Hours for the Certified Residential Real Property Appraiser which consist of the same 150 hours of Licensed Residential Real Property Appraiser education AND: Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
  • 300 hours for the Certified General Real Property Appraiser which includes the same 200 hours for the Certified Residential Real Property Appraiser education AND: Income Property Appraisal (60 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)

 Experience Requirements:

  • Trainee Appraiser – No experience required
  • Licensed Residential Real Property Appraiser – 1000 hours in 6 months
  • Certified Residential Real Property Appraiser – 1500 hours in 12 months
  • Certified General Real Property Appraiser – 3000 hours in 18 months with at least 1500 hours of experience in nonresidential appraisals

 New Jersey Continuing Education Requirements:

  • Appraisers must renew their license every two years from date of original license 
  • During the two year renewal cycle, all appraisers must complete 28 hours of continuing education appraiser classes by December 31 odd years
  • 7 hours must cover the USPAP Update course or its equivalent 
  • Trainee appraisers are required to complete 14 hours of continuing education by the time the renewal application is submitted to the Board for the third and fourth year that a trainee permit is held