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PA Appraisal Recertification Online Courses
- Income Approach (7 hours). $129.
Enroll.
The Income Approach is one of the most widely used approaches
to determine value for residential, multi-family residential,
commercial, industrial and other properties. Due to its
widespread use, complete understandings of its procedures are
requirements for every appraiser. The Income Approach is
relevant for appraisal assignments in which the subject property
is leased, or could reasonably be leased, producing an income
stream for the owner. Properly performed, it can provide a firm
foundation for an opinion of value. The purpose of this course
is to show you the procedures and analysis involved in
performing the Income Approach in an appraisal assignment.
Specifically, this course will provide a complete review of the
Income Approach, first defining the concept and key terms and
then detailing the exact procedures involved. Collecting and
analyzing income and expenses data will be discussed in detail.
Through a variety of examples and case studies, you will be able
to apply your knowledge of the Income Approach.
- Residential Cost Approach (7 hours). $129.
Enroll.
The purpose of this course is to expose you to the procedures
and analysis involved in developing the Cost Approach in a
residential appraisal assignment. Specifically, this course will
provide a complete review of the Cost Approach to value, first
defining concepts and key terms, and then going into exact
procedures involved. Site valuation, a key component of the Cost
Approach, will be explained in detail, as well as use of various
methods available to calculate “cost new” of the
improvements. Through a variety of examples and activities you
will be able to apply your knowledge of the Cost Approach.
Finally, we will discuss the reconciliation of the Cost Approach
estimate of value with the other approaches.
- 2009 National USPAP Update (7 hours). $145.
Enroll.
This course for appraisal recertification covers required topics of updated information on the Uniform Standards of Professional Appraisal
Practice (USPAP). The course reviews both the "binding requirements" and the "specific appraisal guidelines" of the Uniform Standards of Professional Appraisal Practices. At the conclusion of this course, participants will be able to:
recognize the appraiser's role in society; understand the significance of public trust in appraisals; identify the function and purpose of The Appraisal Foundation, and distinguish the roles of the Appraisal Standards Board and the Appraiser Qualifications Board; understand the legal authority of The Appraisal Foundation; understand the relationship between USPAP and the appraisal process; gain an overview of the key revisions to the USPAP requirements since 2000; recognize valuation services that are not part of appraisal practice; identify services provided by appraisers within appraisal practice; summarize the scope of work definition and identify key components of the scope of work decision; and identify the external tests for the acceptability of the scope of work.
Sales Comparison Approach (7 hours). $129.
Enroll.
The Sales Comparison Approach is one of the most widely used
approaches to determine value for residential, commercial,
industrial, agricultural, and other properties. Due to its
widespread use, a complete understanding of its procedures
should be a requirement for every appraiser. The Sales
Comparison Approach is relevant for most appraisal assignments
because it is a direct reflection of the market and its
dynamics. With proper analysis, this approach can provide a firm
foundation for an opinion of value. The purpose of this course
is to prepare you for the procedures and analysis involved in
performing the Sales Comparison Approach in an appraisal
assignment. Specifically, this course will provide a complete
review of the Sales Comparison Approach, first defining the
concept and key terms and then going into the exam procedure.
Comparable sales will be discussed as well as the rules for
making adjustments to comps and determining adjustment values.
Through a variety of sample sales comparison activities, you
will be able to apply your knowledge of the Sales Comparison
Approach. Finally, we will discuss the differences between sales
comparison appraisal and competitive market analysis.
Online appraisal recertification courses do NOT
include Pennsylvania's required 2 hours of laws, rules and
regulations update. That education is available from Polley only in live
appraisal recertification classes.
Polley's appraisal recertification courses provide a two-for-one
benefit: learners who complete them successfully for appraisal
recertification will also automatically
receive credit from the Pennsylvania
State Real Estate Commission for real estate license continuing education
purposes.
Other helpful information.
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