Basic Appraisal Procedures (A102)
A102 Basic Appraisal Procedures is an introductory course for those preparing for a career in valuation services. The course is the second in the curriculum sequence of qualifying education required by states for those individuals pursuing appraisal licensure and certification.>br> 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. An 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. (Click here for basic information how to use an HP-12c)
Suggested Textbook: The Appraisal of Real Estate, Fifteenth Edition; Appraising Residential Properties, Third Edition; The Dictionary of Real Estate Appraisal, Sixth Edition.
Contact Hours: 28 hours + 2 hour exam
Course Timetable: Days 1-4: 7:30 AM - 4:30 PM
AQB Licensure Requirement: Trainee, Licensed, Certified Residential, Certified General
For questions about approvals, contact Deanna Ilk at dilk@asfmra.org or 303-692-1222
- Instructors: TBA
- Pricing: TBD
ASFMRA provides digital course materials. If you are attending in-person, bringing a laptop or tablet will ensure you have access to the materials and online exam. The exam will only be provided digitally. Additionally, ASFMRA offers printed materials for an additional cost of $85 per student per course. If you would like to order printed materials to be provided when you arrive, the cost will be added to your registration at check out. If you have questions about the materials, please contact education@asfmra.org
Registration will close the Friday before at 12:00pm MST. If you have questions or would like to register late, please contact education@asfmra.org
Click here to view the Recommended Education Path that the ASFMRA Appraisal Education/Accreditation Committee has put together; it is highly recommended that you review the pathway prior to registration.
This course will be held in a hybrid format (some students in person, some online). Upon registering, you will either select In Person Registration or Virtual Registration. If you select the Virtual Registration, you will be sent a Zoom link to access this course one week before the course start date. If you select the In Person Registration, you will be expected to attend the offering in person in Glendale, CO, throughout the duration of the offering.
The ASFMRA reserves the right to move this offering to a livestream format up to three weeks before the first date of the offering. Any in person registrants will be notified at this time. ASFMRA does not reimburse travel cost.
Course Location
ASFMRA Education Center
720 S Colorado Boulevard, Suite 350-S
Glendale, CO 80246
Hotel Information:
The Hilton Garden Inn Denver-Cherry Creek
600 S. Colorado Blvd
Glendale, CO 80246
By registering for this event, I understand that my photograph or video may be taken during participation in any activity (class, social gathering, outing, etc.) sanctioned by the American Society of Farm Managers and Rural Appraisers (ASFMRA). I hereby grant permission to ASFMRA to use my photograph or likeness in any publicity or promotional publications (e.g. website, social media, newspaper ads, newsletters, programs, brochures, public broadcasting releases, email promotions, etc.) and to allow video recordings of myself and/or guests.
In compliance with the Americans with Disabilities Act, the ASFMRA will make every effort to provide reasonable accommodations requested for individuals with disabilities. Requests for accommodations can be responded to more effectively if received at least two weeks in advance of the event.
*The maximum capacity for this course is 24 in-person participants and 24 online participants.
*Please note that ASFMRA reserves the right to cancel any course 3 weeks in advance.