Education Registration Information

Accommodations, Meals & Transportation

Meals, sleeping accommodations, transportation and airfare are the responsibility of the attendee. It is recommended that a refundable ticket be purchased. Hotel reservations should be made 30 to 45 days in advance of the course to secure the special room rate for ASFMRA. Please inform the hotel that you are attending an ASFMRA course. Room rates quoted are for the specific room block held by the hotel for that course offering; blocks are released 2 weeks prior to the course.

The ASFMRA reserves the right to change faculty, and to cancel, limit or reschedule courses at any time. If a course is canceled or rescheduled, all tuition received will be refunded in full. The ASFMRA is NOT responsible for related expenses incurred due to course cancellation or rescheduling.


Class size is limited and space fills quickly, so register early! Enrolling at least 30 days in advance is recommended. Because enrollment is limited, applicants should not assume they have been enrolled until they receive an email confirmation. Enrollment is on a first-come, first-served basis. If a course is filled, applicants are notified and given the options of putting their names on a waiting list for any cancellations, transferring to another course or receiving a full refund.

Prerequisites (equivalency)

The ASFMRA does not recommend that a student enroll in a course without proper preparation. It is assumed that when a student does enroll in a course, they have mastered the material covered in previous coursework as extra time will not be provided to review this material.

Course Notebooks

Course notebooks are included in the tuition and will be distributed during registration at the course site. Course notebooks may be purchased individually from the Education Department. However, materials are updated periodically and the purchase price of the notebook will not be deducted from the tuition if an individual chooses to take the course at a later date.

Required Textbooks & Reference Materials

Required textbooks, equipment and suggested materials are listed on the individual course pages. All texts and reference material for an ASFMRA course should be ordered at least 30 days before the course is scheduled to begin. Textbooks may be purchased in advance but only required textbooks will be available for purchase at the course site. Required textbooks should be brought to the course as they are often referred to by the instructors or necessary to complete homework assignments.


A financial calculator (HP-12c, HP-17bII or HP-19bII) or equivalent is required for all appraisal courses and recommended for all management courses and examinations. The HP-12c is preferred. Click Here for basic information how to use an HP-12c.

The ASFMRA does not furnish calculators or equipment instruction.


To obtain state and ASFMRA credit, students are required to be present for all classroom hours. Written roll call is taken twice a day.

ASFMRA classes run 2-5 days depending on the class. There is no makeup for any part of a class that is missed. The student must attend 100% of the class to any obtain credit for the class.

If a student must leave class for any reason (personal or illness), the on-site instructor must be told when and why and the participant must send a written explanation to the ASFMRA’s Education Department within 30 days.

Certificate of Completion

A certificate of completion will be issued upon successful completion of the education and emailed to the student within one month of completion of the offering.

State Approvals

ASFMRA strives to ensure courses are approved in all states, but we cannot guarantee their approval. To verify approval of an offering, please contact the Deanna Ilk at 303-692-1222 or or your state.

Examinations/Grading Policies/Pass-Fail

Examinations are included in the tuition fee and given at the end of each course. Examination results are normally emailed to course participants within a few days. Instructors will have the discretion to discuss class performance with individual students.

The ASFMRA requires a 70 percent to pass all courses. Some state regulatory boards require a 70 percent or higher to be a passing grade.

Please contact your state regulatory agency about specific requirements. (For students wanting appraiser pre-licensing credit in the states of Florida and Georgia, the passing grade must be 75 percent or higher.)


Any student who attends a course but is not successful in passing the final examination may schedule one re-examination without attending the entire course again if they feel comfortable with the material that was presented. The examination must be taken within twelve months of the first examination and must be pre-arranged with the Education Department a minimum of two weeks prior to taking the examination. Please note the course name, date and location of the examination that was not successfully completed and it must be accompanied by $150. Only one re-examination is permitted. The proctor must be an ARA or RPRA for an appraisal course or an AFM or AAC for a management or consulting course. The student is required to set up the day and time with the proctor.

Pass/fail grades for the examination will be available from the Education Department within 5 business days after the re-examination is received in the National Office. A certificate of completion will be issued upon successful completion of the re-examination.

Cancellation/Transfer/Refund Policy & Fees

All cancellation and transfer requests must be made in writing. If a participant cancels ten days before class a $25 fee will be charged. If a student cancels five days prior to class, a $50 fee will be charged. No fee will be charged for cancellation received prior to the ten days. Students who register for a course and do not appear for the course forfeit their fees. If a participant must withdraw from a course after it has started, the on-site instructor must be told when and why and the participant must send a written explanation to the ASFMRA's Education Department within 30 days.

Students may transfer to a different location or send someone else in their place without penalty.

Veterans Administration Refund Policy

Students not accepted by the school and students who cancel the contract by notifying the school within three business days are entitled to a full refund of all tuition and fees paid. If any student withdraws after three business days, but before commencement of classes, he/she is entitled to a full refund of all tuition and fees paid including the registration fee in excess of $10.

In the case of students withdrawing after commencement of classes, the school will retain a cancellation fee plus a percentage of tuition and fees, which is based on the percentage of contact hours attended, as described In the table below. The refund is based on the last date of recorded attendance.

Refund Table for Veteran Student(s)

Student entitled upon withdrawal/termination Refund
10% of program completed 90% Refunded;
20% of program completed 80% Refunded
30% of program completed 70% Refunded
40% of program completed 60% Refunded
50% of program completed 50% Refunded
60% of program completed 40% Refunded
70% of program completed 30% Refunded
80% of program completed 20% Refunded
90% of program completed 10% Refunded
  • The student may cancel this contract at any time prior to close of the third business day after signing the enrollment agreement.
  • The official date of termination for refund purposes is the last date of recorded attendance.
  • All refunds will be made within 30 days from the date of termination.
  • The student will receive a full refund of tuition and fees paid if the school discontinues a course/program within a period of time a student could have reasonably completed it, except that this provision shall not apply in the event the school ceases operation.
  • Complaints, which cannot be resolved by direct negotiation between the student and the school, may be filed with the Division of Private Occupational Schools of the Colorado Department of Higher Education. The Division shall not consider any claim that is filed more than two years after the date the student discontinues his/her training at the school.

Challenge Exams

Challenge examinations are available for ASFMRA courses required for accreditation of ARA and RPRA if a student feels they have a sufficient background and experience to do so. This does not include ASFMRA Ethics and 15 Hour USPAP. Requests to take a challenge examination must be made in writing and received by the Education Department a minimum of two weeks prior to taking the examination and must be accompanied by the appropriate fees. Arrangements for taking a challenge examination are made by contacting the Education Department. The proctor must be an ARA or RPRA for an appraisal course or an AFM or AAC for a management/consulting course. The student is required to set up the day and time with the proctor.

Pass/fail grades for the examination will be available from the Education Department within five business days following the receipt of the examination in the National Office. If a challenge examination is successful, a certificate of completion will be issued. If a passing grade is not achieved when the challenge examination is taken, a student must complete the entire course before testing again. Please note that states will not give credit for examinations only.

Transcript/Replacement Certificates

Contact Deanna Ilk at 303-692-1222 or for a replacement certificate for an offering you have taken or a transcript of the education you have taken through the ASFMRA.

Student Counseling Services

Students are welcome to work directly with course instructors during and after the course should they have questions or desire counseling regarding the course materials and/or their performance on examinations.


Course fees, entrance standards, and standards for successful completion of ASFMRA education are not based on the student's race, color, sex, religion, familial status, or disability.

Americans with Disabilities Act

Please provide the ASFMRA Education Department with 30 days advance written notification and appropriate documentation if you require accommodation in the form of auxiliary aids.

IRS Compliance

We have entered into an agreement with the Office of Director of Practice, Internal Revenue Service, to meet the requirements of 3l Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Director of Practice as to the quality of the program or its contribution to the professional competence of the enrolled individual.

Record Retention

All education records are kept digitally on site a 720 S. Colorado Blvd., Suite 360-S, Glendale, CO 80246. Records are retained for 25 years.

Iowa Student Information

The ASFMRA does not accept FAS. For other fees associate with either a broker license or appraisal license in the state of Iowa, please see the links below:
Iowa Real Estate Appraisal Board
Iowa Real Estate Broker Board

Refund Policy for Iowa Students:
The ASFMRA has a pro rata refund of tuition charges to a student who terminates from any of the school’s postsecondary educational programs or courses.

  • If a student withdraws/cancels from the class, up to 2 weeks from the first day, the student is entitled to a full refund.
  • If the student withdraws/cancels after attending 2 weeks, and less than 60%, the student is entitled to a 95% refund.
  • If the student cancels/withdraws from the class, but has completed more than 60% of the class, the student is not entitled to a refund, but one may be requested.
  • If a student or their spouse is relocated during the class, then a full refund will be issued.
  • If the student, their spouse, child or person they are a caregiver for, becomes incapacitated while attending class, a full refund will be issued.

All refunds, partial or in full, will be processed within 45 days after the student provides written withdraw/cancelation from an offering. All registration fees are charged before the first day of class.