Real Property Review Appraiser

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Application Deadline: January 15
Accreditation Exam Date: Education Week

 

Application Deadline: April 1
Accreditation Exam Date: ASFMRA Annual Conference

Please submit your application with your appraisal demo by the application deadline listed above. Mya Sadler, ASFMRA Director of Education and Accreditation is available to assist you with questions at msadler@asfmra.org or (303) 692-1224.

Program Overview

The Real Property Review Appraiser (RPRA) is a professional designation that demonstrates the bearer is uniquely competent to conduct appraisal reviews of complex properties or situations. The RPRA's appraisal review provides a superior evaluation for all types of enterprises and properties and ensures that an appraisal is in compliance with regulations and professional standards. The RPRA signifies the highest level of expertise in the review appraisal process, expertise that far exceeds state certification and licensing requirements. To become an RPRA you must complete a rigorous program consisting of course work, experience, submission of a demonstration report and a comprehensive exam.

The RPRA:

  • Provides focus and knowledge in appraisal review
  • Is educated and trained to provide an expert opinion of appraisals
  • Can determine if appraisals comply with government regulations and Requirements
  • Networks with colleagues for assistance when unusual or special circumstances arise

The Appraiser who undertakes to get an RPRA will:

  • Acquire the full range of skill required to perform an appraisal review for commercial, rural and residential property types
  • Learn the how to conduct a USPAP compliant reviews
  • Learn how to conduct a UASFLA ("Yellow Book") compliant review
  • Hone these new skills by applying these concepts through hands on activities and case studies

Designation Requirements

(Please take a look at the Accreditation Checklist under Helpful Links below for full details)

1. Provide evidence of certification as a Certified General Appraiser

2. Required coursework:

  • Best in Business Ethics course (5 Hours)
  • Integrated Approaches to Value (A304) (30 Hours)
    • Foundations of Appraisal Review (A600) (40 Hours)

    OR

    • Introduction to Appraisal Review (A360) (16 Hours)
    • Appraisal Review Under USPAP (A370) (24 Hours)
    • Appraisal Review Under UASFLA (A380) (20 Hours)
    • Advanced Appraisal Review Case Studies (A390) (20 Hours)

3. For RPRA, five years of experience in the discipline of appraisal, appraisal review or a combination of both. One year of appraisal review          experience within the last three years is required. The completion of twenty-five (25) narrative reviews or one hundred (100) form reviews shall be considered the equivalent of one year of experience. Appraisal experience submitted shall be evaluated the same as the A.R.A.

4. Submit one demonstration review report.

5. ASFMRA membership prior to submitting an application for accreditation.
6. Comprehensive RPRA Accrediting Exam

 

*While it is recommended that you take or challenge A304 Integrated Approaches to Value, if you have taken all of these courses – A110, A200 and A300, you will not be required to take A304 to be able to sit for the ARA exam. However, you must have taken all three courses to get the exemption for A304.

Helpful Links