Course Descriptions

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0 height="100%"><tr> <td valign="top" width=225 BGCOLOR="#000033" TEXT="#F7F7FF"> <div> <IMG SRC="03fc09c0.jpg" border=0 width="192" height="156" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <bR> <div> <A HREF="index.htm" TARGET="_top" TITLE="Appraisal School in Pryor Creek"><U>Home Page</U></A></div> <bR> <div> <A HREF="about_us21.htm" TARGET="_top" TITLE="ASPC Freddie Mac Cooperation Agreement"><U>About Us</U></A></div> <bR> <div> <A HREF="id20.htm" TARGET="_top" TITLE="Course Calendar"><U>Course Calendar</U></A></div> <bR> <div> <A HREF="id21.htm" TARGET="_top" TITLE="Course Descriptions"><U>Course Descriptions</U></A></div> <bR> <div> <A HREF="id22.htm" TARGET="_top" TITLE="Current Appraiser Requirements"><U>Current Appraiser Requirements</U></A></div> <bR> <div> <A HREF="id23.htm" TARGET="_top" TITLE="School Location"><U>School Location</U></A></div> <bR> <div> <A HREF="id26.htm" TARGET="_top" TITLE="Contact Us"><U>Contact Us</U></A></div> <bR> <div> <A HREF="id30.htm" TARGET="_top" TITLE="Current Email"><U>Current Email Notice</U></A></div> <bR> <div> <A HREF="id29.htm" TARGET="_top" TITLE="ASPC Mailing List"><U>Sign up for Email List</U></A></div> <bR> <div> <A HREF="id24.htm" TARGET="_top" TITLE="Links"><U>Links</U></A></div> <bR> <div> Appraisal Issues</div> <bR> <div> <A HREF="about_us1f.htm" TARGET="_top" TITLE="ASPC Home Valuation Code of Conduct"><U>Home Valuation</U></A></div> <div> <A HREF="about_us1f.htm" TARGET="_top" TITLE="ASPC Home Valuation Code of Conduct"><U>Code of Conduct</U></A></div> <bR> <div> <A HREF="about_us20.htm" TARGET="_top" TITLE="ASPC Fannie Mae Cooperation Agreement"><U>Fannie Mae Cooperation</U></A></div> <div> <A HREF="about_us20.htm" TARGET="_top" TITLE="ASPC Fannie Mae Cooperation Agreement"><U>Agreement</U></A></div> <bR> <div> <A HREF="about_us21.htm" TARGET="_top" TITLE="ASPC Freddie Mac Cooperation Agreement"><U>Freddie Mac Cooperation</U></A></div> <div> <A HREF="about_us21.htm" TARGET="_top" TITLE="ASPC Freddie Mac Cooperation Agreement"><U>Agreement</U></A></div> </td> <td valign="top" BGCOLOR="#A6CAF0" TEXT="#080000"> <div> <IMG SRC="03d83b10.jpg" border=0 width="643" height="177" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div>  <img src="HTMLobj-158/aniGif.gif" border="0" align="bottom" width="555" height="7">  </div> <div> Course Descriptions</div> <bR> <div> <B>Core Classes</B></div> <bR> <div> <B>Trainee</B></div> <bR> <div> 601. BASIC APPRAISAL PRINCIPLES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 HOURS</div> <div> This basic appraisal course provides an overview of real property concepts and characteristics, legal considerations, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal theory. Through theory and examples, the course offers practical application of appraisal principles.</div> <bR> <div> 602. BASIC APPRAISAL PROCEDURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 HOURS</div> <div> This basic appraisal course provides an overview of real estate appraisal approaches to value, valuation procedures, property description, residential applications, commercial applications, improvement construction, home inspection, and appraisal math.  Through theory and examples, the course offers practical application of appraisal procedures.</div> <bR> <div> 600. THE 15-HOUR NATIONAL USPAP COURSE. . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 HOURS</div> <bR> <bR> <div> <B>Licensed</B></div> <bR> <div> 611. RESIDENTIAL MARKET ANALYSIS AND HIGHEST AND BEST USE . . . . . . . . .15 HOURS</div> <div> Identifying and analyzing market forces affecting the buyers’ and sellers’ behavior is key to understanding and reporting values. This course is designed to give students the tools needed to properly collect and analyze market data. In addition, the theory of Highest and Best Use is reviewed. The two-step analysis along with the four tests for Highest and Best Use are covered in detail.</div> <bR> <div> 612. RESIDENTIAL APPRAISER SITE VALUATION AND COST APPROACH . . . . . .15 HOURS</div> <div> This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for arriving at residential site values and applying Cost Approach in everyday appraisal work.</div> <bR> <div> 613. RESIDENTIAL SALES COMPARISON AND INCOME APPROACHES . . . . . .. . .30 HOURS</div> <div> Gain a basic understanding and knowledge of the residential sales comparison and income approaches. The course includes the valuation principles and procedures applicable to both approaches. With the aid of case studies, students will develop and apply the techniques for market analysis, including the application and use of matched pairs and capitalization rates and gross rent multipliers.</div> <bR> <div> 614. RESIDENTIAL REPORT WRITING AND CASE STUDIES . . . . . . . . . . . . . . . . . .15 HOURS</div> <div> This course focuses on the variety of form reports in use by residential appraisers today: the URAR, 2055-drive-by-format, and others. Students will gain valuable insights into how to fill out these forms properly, in compliance with USPAP and other guidelines. Courses will be given for comparable sales, flood mappings, census tract maps and other information necessary for form completion.</div> <bR> <bR> <div> <B>Certified Residential</B></div> <bR> <div> 621. STATISTICS, MODELING AND FINANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 HOURS</div> <div> This course is designed to provide students both the theory and practice of statistics, real estate finance, and valuation modeling for today's Certified Residential appraiser. The first half of the course outlines terminology and basic statistics principles, including practical applications in statistical analysis. The last half presents an explanation of real estate markets, terms of financing, and real-world examples of how financing affects the value of real property. </div> <bR> <div> 622. ADVANCED RESIDENTIAL APPLICATIONS AND CASE STUDIES . . . . . . . . . .15 HOURS</div> <div> This course focuses on complex properties that include valuing unique and high-end residential dwellings: residential dwellings with excess site/land that have an alternative or interim use as the highest and best use; residential properties that exceed the effective demand of the market; common-wall structures; mixed-use properties and residential properties with substantial and, sometimes unique, accessory structures and/or amenities. The course makes strong use of case studies for discussion, analysis, and problem solving to elevate students knowledge of challenging residential appraisal assignments and develop the expertise to recognize and address those situations at the Certified Residential level.</div> <bR> <div> 651 CALCULATOR COURSE...............................................................................................15 HOURS</div> <div> This course focuses on using the HP 12C in financial calculations as they apply to appraising. It makes use of the basic features of the calculator through demonstrations using a number of problems and examples that apply to real estate appraising. The objective is to give the student sufficient basic skills to properly analyze income properties.</div> <bR> <div> <B>Certified General</B></div> <div> <I><B>These courses will be offered, pending approval by the OREAB, begining in the summer of 2008</B></I></div> <bR> <div> 631. GENERAL MARKET ANALYSIS AND HIGHEST AND BEST USE.................................................30 HOURS</div> <div> This course, based on the 2008 AQB requirements for Certified General Appraisers, provides an in-depth understanding of market analysis.</div> <bR> <div> 632. GENERAL SALES COMPARISON APPROACH...............................................................................30 HOURS</div> <div> This course, based on the 2008 AQB requirements for Certified General Appraisers, offers a detailed understanding of the various sales comparison principles.</div> <bR> <div> 633. GENERAL SITE VALUATION AND COST APPROACH.................................................................30 HOURS </div> <div> This course, based on the 2008 AQB requirements for Certified General Appraisers, discusses various site valuation principles and procedures.</div> <bR> <div> 634. GENERAL REPORT WRITING AND CASE STUDIES...................................................................30 HOURS</div> <div> This course, based on the 2008 AQB requirements for Certified General Appraisers, gives students an understanding of report operations and USPAP compliance.</div> <bR> <div> 635. GENERAL INCOME APPROACH......................................................................................................60 HOURS</div> <div> This course, based on the 2008 AQB requirements for Certified General Appraisers, provides increased understanding of site valuation including new methods and case studies.</div> <bR> <bR> <div> <B>Continuing Education</B></div> <bR> <div> 700 USPAP UPDATE.........................................................................................................7 HOURS</div> <div> This 7-Hour USPAP update course focuses on 2008 changes to USPAP requirements for ethical behavior and competent performance by appraisers. The course will assist real estate appraisers seeking updated competency in USPAP.</div> <bR> <div> 701 REVIEWING APPRAISALS.......................................................................................8 HOURS    <FONT SIZE="4" COLOR="#FF0000" FACE="Arial" ><I><B>NEW !!!</B></I></FONT></div> <div> Reviewing Residential Appraisals is designed to help any person who is involved in the underwriting process and/or the handling of appraisal reports, to better understand single family residential appraisal reports and the appraisal review process.</div> <bR> <div> 702 FANNIE MAE...............................................................................................................8 HOURS</div> <div> The course is designed to inform and provide the students with an understanding about the extensive supplemental standard know as the Fannie Mae Appraisal Guidelines, which is very prevalent in appraisal assignments for lenders.</div> <bR> <div> 703 FRAUD, FLIP, AND THE FBI.....................................................................................8 HOURS</div> <div> An examination of the law as it applies to mortgage fraud and appraising. An explanation of Title 18 and case studies of appraisers convicted of various violations.</div> <bR> <div> 704 CONCEPTS, TERMINOLOGY AND TECHNIQUES.............................................15 HOURS</div> <div> A comprehensive overview of residential and small commercial appraising.</div> <bR> <div>             705 MINERAL RIGHTS AND THE FEE SIMPLE APPRAISER.................................... 7 HOURS<FONT SIZE="3" COLOR="#000033" FACE="Arial" >    </FONT><FONT SIZE="4" COLOR="#FF0000" FACE="Arial" ><I><B>NEW !!!</B></I></FONT></div> <div>                    This course is meant to inform the fee simple appraiser on strategies to deal with the issue of mineral rights. </div> <div>                    The course will spend a lot of time on the basics of the mineral interest and how mineral rights impact the appraiser's job. </div> <div>                    A MUST for any appraiser working in states with mineral rights.</div> <bR> <div>             706 SUPERVISING THE BEGINNING APPRAISER..............................................................7 HOURS    <FONT SIZE="4" COLOR="#FF0000" FACE="Arial" ><I><B>NEW !!!</B></I></FONT></div> <div> This course will show appraisers how to establish a training program. Students will gain a hands-on, step-by-step idea of training that will reduce their liability by establishing sound appraisal practices and allow them to train their trainee with confidence. Helpful class for Trainees as well so they know what to look for in a Supervisor.</div> <bR> <div> 707 FHA AND VA APPRAISALS..............................................................................................7 HOURS</div> <div> This class provides an understanding of the historical as well as the present need for these programs, and a review of the approval process to gain placement on their rosters. Inspection and reporting requirements and resources for continuing program updates are examined, as well.</div> <bR> <bR> <div> <I><B>Pending approval from the OREAB</B></I></div> <bR> <div> MASTERING UNIQUE AND COMPLEX PROPERTIES..............................................18 HOURS CE, 20 HOURS UPGRADE</div> <div> This course is intended to raise the level of awareness of the scope of work involved with assignments other than the everyday single-family residential appraisal. Learning objectives include the ability of the student to understand the performance requirements to complete the assignment at the Certified Residential level. Some of the property types discussed include mixed-use, income-producing, unusual, and one-of-a-kind properties.</div> <bR> <div> .SQUARE FOOTAGE - METHOD FOR CALCULATING: ANSI Z765-2003....................7 HOURS</div> <div> This voluntary standard for measuring square footage in single-family detached and attached homes, developed by an American National Standards Committee, is the first national standard to reconcile differences in current methods for determining square footage. </div> <bR> <div> BLUEPRINT READING FOR THE BUILDING TRADES..................................................15 HOURS</div> <div> This course will introduce the reading and understanding of basic construction documents, blueprints, and schedules. Includes layouts of structural, mechanical, HVAC and electrical drawings. Shows how to interpret sectional views, follow diagrams and schematics, and covers common problems with construction specifications.</div> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> Copyright 2008 by</div> <div> Appraisal School in Pryor Creek</div> <bR> </td> </tr></table></body>