Basic Appraisal Procedures (A102)

Education Offerings

The ASFMRA offers a variety of types of education for Appraisal, Farm Management and Consulting, and Continuing Education seminars. Take a look at what we have to offer. There is something for everyone, from the beginner to the seasoned professional. ASFMRA is an internationally recognized leader in Appraisal, Farm Management and Agricultural Consulting training.  We are a not-for-profit professional society and a sponsoring member of the Appraisal Foundation.  We have been providing education since 1929 and serve all jurisdictions in the United States.

Appraisal Education

ASFMRA is an internationally recognized leader in appraisal training. We are a not-for-profit professional society and Sponsoring Member of the Appraisal Foundation providing education since 1929 and serving all jurisdictions in the United States. We provide Appraisal Qualifications Board (AQB) and state approved appraisal training for certified general licensure and for continuing education.  We also offer accreditation courses that take you down the path of becoming an Accrediated Rural Appraiser.  This designation will elevate your career and show your dedication to being the best in your field.  Take a look at the courses we offer and  our education schedule to see what is being offered near you.  Let us help you take your career to the next level! 

Contact Deanna Ilk at 303-692-1222 or dilk@asfmra.org with any questions.

Basic Appraisal Procedures (A102)

A102 Basic Appraisal Procedures is in an introductory course for those studying for a career in valuation services. The course is the second in the curriculum sequence of qualifying prelicense education required by states of individuals pursuing appraisal licensure and certification.

Students will learn the basic appraisal procedures with concentration on the appraisal process and an emphasis on rural properties and techniques. Topic themes run throughout the course to focus student learning on defining the appraisal problem, collecting and selecting data, analyzing the data using the three valuation approaches, reconciling the approaches and communicating with the client and intended user of the appraisal service. The integrated case study will guide the students through the appraisal process. Beginning with neighborhood analysis and concluding with the final value opinion, the students will appraise a rural residential property with multiple land uses.

The content is divided into five units: The Valuation Process, Area and Neighborhood Analysis, Highest and Best Use, The Approaches, and Reconciliation. Within each unit there is a set(s) of student learning goals, definitions and concepts, and examples. Each unit is completed with a set of classroom exercises and finally a review and quiz. The student will be well prepared for the exam if they follow the recommended timeline for completing the case study as each unit is presented.

Required Equipment & Textbooks: HP-12c calculator. You must be familiar with calculator operation when the course begins. Answers to problems in course material are shown using the HP-12c. Do not come to class expecting to be taught how to use a financial calculator.

Optional Texts: The Appraisal of Real Estate, Thirteenth Edition; Appraising Residential Properties, Third Edition; The Dictionary of Real Estate Appraisal, Fifth Edition.

Contact Hours: 28 hours + 2 hour exam

Course Timetable: Days 1-4: 8 AM - 5 PM

AQB Licensure Requirement: Trainee, Licensed, Certified Residential, Certified General

Accreditation: This course is required for the ARA and the RPRA

List of Approvals