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West Virginia 150-Hour Trainee & Licensed Package

SKU : 558WV070001

Credit Hours | 150

Category | New License

$1,199.00

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Complete with 150 hours of the new Real Estate Appraiser Qualification Criteria for West Virginia, this package includes seven courses: Basic Appraisal Principles, Basic Appraisal Procedures, Residential Sales Comparison and Income Approach, Residential Market Analysis and Highest and Best Use, Residential Report Writing and Case Studies, Residential Appraiser Site Valuation and Cost Approach, and the 2018-2019 15-Hour Equivalent USPAP Course. Also included in this package is the USPAP Manual eBook.

A URAR Form Review

SKU : 553WV013001

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.

Basic Appraisal Principles

SKU : 558WV063001

Credit Hours | 30

Category | New License

$349.00

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Ready to gain a solid foundation in appraisal principles? This appraisal course 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 Apprentice and Licensed levels.

Sales Comparison Approach

SKU : 553WV030001

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.

Basic Appraisal Procedures

SKU : 558WV014001

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 Apprentice and Licensed Appraiser levels.

Appraisal Math and Statistics

SKU : 553WV020001

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.

Residential Sales Comparison and Income Approaches

SKU : 558WV019001

Credit Hours | 30

Category | New 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 Apprentice and Licensed Appraiser levels.

2018-2019 15-Hour Equivalent USPAP Course

SKU : 558WV18065001

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.

Income Capitalization Overview

SKU : 553WV023001

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.

Cost Approach Overview

SKU : 553WV022001

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.

Residential Report Writing and Case Studies

SKU : 558WV013001

Credit Hours | 15

Category | New 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 Apprentice and Licensed Appraiser levels upon completion of this appraisal class.

Residential Market Analysis and Highest and Best Use

SKU : 558WV012001

Credit Hours | 15

Category | New 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 Apprentice and Licensed Appraiser levels. 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 Appraiser Site Valuation & Cost Approach

SKU : 558WV011001

Credit Hours | 15

Category | New 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 Apprentice and Licensed Appraiser levels 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.

West Virginia Appraisal License Requirements

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the West Virginia Real Estate Appraiser Licensing and Certification 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.

West Virginia Appraisal Licensure Levels:

  • Apprentice
  • Licensed Appraiser
  • Certified Residential Appraiser
  • Certified General Appraiser

West Virginia 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 licensure
  • Must meet the experience requirement for the applying level of licensure
  • For Certified Residential level: A minimum of an Associate’s Degree OR 21 college semester hours in specific subject matters is also required
  • For Certified General level: A minimum of a Bachelor’s Degree OR 30 college semester hours in specific subject matters is also required
  • Satisfactory completion of the state examination (Apprentices are not required to take a state exam.)
  • Submit application, required documents, and associated fees

West Virginia Appraisal Education Requirements:

  • 150 hours for the Apprentice 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), 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)
  • 150 hours for the Licensed Real Estate Appraiser which include the same hour requirement as the Apprentice level
  • 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:

  • Apprentice– No experience required
  • Licensed Appraiser – 2000 hours in no less than 24 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

West Virginia Appraisal Continuing Education Requirements:

  • All licenses expire September 30th annually
  • All appraisers are required to complete 14 hours of continuing education each year
  • The 7 hour USPAP Update course must be taken every two years
  • At least 7 hours of education must be taken in class