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Virginia 75-Hour Real Estate Appraiser Trainee Package

SKU : 558VA069001

Credit Hours | 75

Category | New License

$899.00

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Complete with 75 hours of the new Real Property Appraiser Qualification Criteria for Virginia, 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 : 558VA062001

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.

Residential Report Writing and Case Studies

SKU : 553VA016001

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.

Residential Sales Comparison and Income Approaches

SKU : 558VA019001

Credit Hours | 30

Category | Upgrade License

$399.00

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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 : 558VA063001

Credit Hours | 30

Category | New License

$349.00

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Ready to gain a solid foundation in appraisal principles? This appraisal class provides the knowledge needed for an appraisal career, including: legal considerations, what influences the value of real estate, real property concepts and characteristics, principles of economics, types of value, real estate markets and analysis, ethical considerations and highest and best use. This 30-hour online course fulfills the Real Property Appraiser Qualification Criteria for the levels of Trainee up to Licensed Appraiser.

Residential Appraiser Site Valuation & Cost Approach

SKU : 558VA011001

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 : 558VA014001

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 15-Hour Equivalent USPAP Course

SKU : 558VA18065001

Credit Hours | 15

Category | New License

$279.00

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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 Appraiser Site Valuation & Cost Approach

SKU : 553VA017001

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 Market Analysis and Highest and Best Use

SKU : 558VA012001

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 Market Analysis and Highest and Best Use

SKU : 553VA018001

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 Report Writing and Case Studies

SKU : 558VA013001

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.

A URAR Form Review

SKU : 553VA013001

Credit Hours | 7

Category | Continuing Education

$99.00

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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.

Appraisal Math and Statistics

SKU : 553VA020001

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.

Cost Approach Overview

SKU : 553VA022001

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.

Sales Comparison Approach

SKU : 553VA030001

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.

Income Capitalization Overview

SKU : 553VA023001

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.

Appraisal License Requirements

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Department of Professional and Occupational Regulation - Virginia 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.

Virginia Appraisal Licensure Levels:

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

Virginia Appraisal Licensure Requirements:

  • Must be at least 18 years of age
  • Must have a high school diploma or its equivalent
  • Must be of good moral character 
  • Must meet the educational requirement for the applying level of licensure
  • Must meet the experience requirement for the applying level of licensure
  • For Certified Residential level: A minimum of an Associates Degree OR 21 college semester hours in specific subject matters is also required. 
  • For Certified General level: A minimum of a Bachelors Degree OR 30 college semester hours in specific subject matters is also required. 
  • Satisfactory completion of the state examination
  • Submit application, required documents, and associated fees

Virginia Appraisal Education Requirements:

  • 75 hours for the Appraiser Trainee which consist of the following 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 Appraiser which include the same hour requirement as the Appraiser Trainee 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 Appraiser which consist of the same 150 hours of Licensed 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 Appraiser which includes the same 200 hours for the Certified Residential 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:

  • Appraiser Trainee – No experience required
  • Licensed Appraiser – 2000 hours in no less than 12 months 
  • Certified Residential Appraiser – 2500 hours in no less than 24 months
  • Certified General Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in non-residential appraisals 

Virginia Appraisal Continuing Education Requirements:

  • All licenses expire 2 years from the last day of the month which they were issued
  • All licensees must complete 28 hours of continuing education during the two year cycle 
  • 7 hours must cover the USPAP Update course or its equivalent must be taken every other year