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PA Appraisal Recertification Online Courses

An IMPORTANT NOTICE regarding appraisal recertification courses:

The June 30, 2011, recertification deadline is just months away. Live appraisal recertification courses are expected to be scheduled at our Blue Bell and Newtown Square locations beginning Fall 2010. Until then, those seeking recertification education can take courses online.

  • 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.

  • 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.

Pennsylvania Mandated Law for Appraisers (2 hours). $39. Enroll.

The Pennsylvania Mandated Law for Appraisers course fulfills the two-hour mandatory law continuing education requirement for appraisers in the Commonwealth of Pennsylvania. In this course, you will examine the Pennsylvania Appraisers Certification Act in detail. You will also review the responsibilities of the certified appraiser when overseeing the work of appraisal assistants. Important issues such as violations, complaints, and disciplinary actions that an appraiser needs to understand and avoid are also included.

For appraisal re-certification purposes, learners should be aware that Polley Associates is an International Distance Education Certification Center (IDECC)-approved secondary provider of the above online courses; Hondros Learning is the primary provider.

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.

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