This course is based on the Uniform Appraisal Standards for Federal Land Acquisitions (Yellow Book), sixth edition. In updating these Standards, the Interagency Land Acquisition Conference, incorporated relevant new appraisal methodology and theory, integrated new case law, and ensured appropriate consistency with professional appraisal standards. The content is restructured and revised for clarity and readability, resulting in practical and understandable guidance for appraisers, attorneys, and the public.
The first three sections, Appraisal Development, Appraisal Reporting, and Appraisal Review, parallel The Appraisal Foundation’s Uniform Standards of Professional Appraisal Practice (USPAP) STANDARD 1: Real Property Appraisal Development, STANDARD 2: Real Property Appraisal, Reporting, and STANDARD 3: Appraisal Review, Development and Reporting. The Yellow Book’s Section 4, Legal Foundations for Appraisal Standards, explains the legal foundations for the previous sections.
Suggested Textbook: Sixth edition of Uniform Appraisal Standards for Federal Land Acquisitions, commonly known as the "Yellow Book"
Equivalency Ratings: Learn about land ratios and equivalency ratings used in many ASFMRA appraisal classes through this instructional video. Please note that this process may not be used in all classes.
Contact Hours: 21 hours + 2 hour exam
Course Timetable: Day 1-3: 8 AM - 5 PM
Accreditation: This course is required for the RPRA.
For questions about approvals, contact Deanna Ilk at dilk@asfmra.org or 303-692-1222