Basic Appraisal Principles (A101)

Education Offerings

The ASFMRA is the leading education provider for rural property professionals, offering a variety of classes for rural appraisers, farm managers and agricultural consultants. The ASFMRA is a not-for-profit professional society and a sponsoring member of The Appraisal Foundation. The ASFMRA has been providing education since 1929 and serves all jurisdictions in the United States.

Learn about our accreditation pathways by clicking here, and make sure to sign up to receive email updates on educational opportunities. 

If you have any questions regarding approvals, please contact Deanna Ilk at 303-692-1222 or dilk@asfmra.org.

 

Basic Appraisal Principle (A101)

This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, market area analysis, highest and best use, and ethical considerations.

The course should provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue.

By successfully completing the course and exam, you will have met most states' education requirements in the content area identified as basic appraisal principles.

If you are considering a career in professional valuation services, your journey should begin with Basic Appraisal Principles.

Co-developed by the Appraisal Institute, ASA, and ASFMRA

Required Equipment & Textbooks: The Appraisal of Real Estate, Fifteenth Edition; HP-12c, HP-17bII or HP-19bII calculator (Click here for basic information how to use an HP-12c)

Suggested Textbook: The Dictionary of Real Estate Appraisal, Sixth 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

List of approvals

This 30-hour course offered by ASFMRA covers all the basic principles needed starting out as a rural appraiser.  Pair this with the Basic Appraisal Procedures (A102) and you will have a great foundation.  
- Sam Triplett, Quincy, IL