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VIRGINIA REAL ESTATE SALES, APPRAISAL, AND HOME INSPECTION COURSES
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Appraisal Course Catalog

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AREA is proud to partner with CareerWeb to offer the following Real Estate Appraisal courses required by the Virginia Real Estate Appraiser Board to obtain and maintain your Real Estate Appraiser classification. In addition to Pre-License courses, AREA provides Continuing Education courses that fulfill educational standards established by the Board.

Please call 888-883-9720 or email education@area-ga.com for more information about Appraisal courses in Virginia.

 
Florida real estate sales prelicense course Appraisal Pre-License   Florida real estate broker prelicense courses Appraisal Continuing Education Courses

Real Estate Appraiser Pre-License Courses

Appraisal Qualifying Packages
Virginia Real Estate Appraisal Trainee – 75 Hours ($749.00)

This course includes the 30 hour Basic Appraisal Principles module, 30 hour Basic Appraisal Procedures module adn 15 hr National USPAP module. This course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations. The course will provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue. It will take you step-by-step through the valuation process including defining the problem, collecting and analyzing data, reaching a final opinion of value and communicating the appraisal.

Virginia Basic Appraisal – 60 Hours ($549.00)

This course includes the 30 hour Basic Appraisal Principles module and the 30 hour Basic Appraisal Procedures module. This course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations. The course will provide a solid foundation in basic appraisal principles no matter what appraisal specialty you pursue. It will take you step-by-step through the valuation process including defining the problem, collecting and analyzing data, reaching a final opinion of value and communicating the appraisal. The material in this course covers 60 hours of the new Real Property Appraiser Qualification Criteria.

Appraisal Qualifying Individual Courses

Basic Appraisal Principles  - 30 Hours ($399.00)

Provides you with a solid foundation in basic appraisal principles. Introduces you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, real estate markets and analysis, highest and best use, and ethical considerations. Credit for 30 hrs of the 2008 Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level.

Basic Appraisal Procedures  - 30 Hours ($399.00)

Takes you step-by-step through the valuation process: Learn three approaches to reaching an opinion of value-income capitalization, cost, and sales comparison. Learn how rates and multipliers are derived and be guided through the sales comparison approach including researching the market, verifying information, selecting units of comparison, conducting a comparative analysis, making adjustments, and reconciliation. Complete key sections of an appraisal report and be introduced to property description, construction and design basics. Completion of an introductory level Real Estate (or Basic) Appraisal Principles course is recommended as a prerequisite for this course. Credit for 30 hrs of the 2008 Real Property Appraiser Qualification Criteria for the Trainee through Licensed Appraiser level.
National 15 hr USPAP Course (2008) - 15 Hours ($279.00)
This course is appropriate for students who are interested in receiving the mandatory 15-hours of Uniform Standards of Professional Appraisal Practices (USPAP) qualifying education credit. The purpose of this course is to provide students with knowledge and understanding of USPAP. It covers the history, purpose and structure, how some terms are defined and used, and the rules of USPAP. It also covers the relevant statements and advisory opinions. The required reference material will be provided online which includes; the USPAP 2006 Edition and the National USPAP 15 - Hour Course Student Manual.

Residential Appraiser Site Valuation and Cost Approach - 15 Hours ($209.00)

This course is designed to provide you with an introductory understanding of fundamental concepts of appraising; it focuses on the valuation of vacant land parcels and the development of the cost approach. Develop your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. This course also covers the origin of the appraisal assignment to a final value estimate using various cost approach applications.

Residential Market Analysis and Highest and Best Use - 15 Hours ($209.00)

This course covers the relationship between market analysis and highest and best use. You will learn how to find the information you need to make a highest and best use decision and how to interpret the information you find. It also provides information how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization).

Residential Report Writing and Case Studies (v2) - 15 Hours ($209.00)

This course demonstrates practical writing exercises necessary to produce convincing appraisal reports in daily practice. Course objectives are achieved through the mastery and application of residential valuation procedures, grammar rules and writing techniques, and specific writing assignments based on a residential case study. Participants will practice writing effective narrative comments for form appraisal reports and learn how to explain valuation procedures and conclusions to users of reports. The techniques applied in this course are useful in real-life situations. The material in this course covers 15 hours of the new Real Property Appraiser Qualification Criteria. Completion of Basic Appraisal Principles and Basic Appraisal Procedures are prerequisites for this course.
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Continuing Education Courses for Real Estate Appraisers
Appraisal Methods - 14 Hours ($195.00)

The course is appropriate for students who are interested in receiving 14-hours of continuing education credit. The purpose of this course is to provide students with knowledge and understanding of the appraisal methods. Students will learn the principles of value, the three approaches to value - sales comparison, cost, and income, reconciliation and gross monthly rent multipliers.

Overview of the Appraisal Process - 14 Hours ($195.00)

The course is appropriate for students who are interested in receiving 14-hours of continuing education credit. The purpose of this course is to provide students with knowledge and understanding of the appraisal process. This course covers the types of value, the valuation process, general and specific data analysis, residential real estate markets, neighborhood analysis, site and improvement description and analysis and the concept of highest and best use.

Residential Appraiser Site Valuation and Cost Approach - 14 Hours ($195.00)
This course is designed to provide you with an introductory understanding of fundamental concepts of appraising; it focuses on the valuation of vacant land parcels and the development of the cost approach. Develop your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. This course also covers the origin of the appraisal assignment to a final value estimate using various cost approach applications.
Residential Market Analysis and Highest and Best Use - 14 Hours ($195.00)

This course covers the relationship between market analysis and highest and best use. You will learn how to find the information you need to make a highest and best use decision and how to interpret the information you find. It also provides information how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization).

Residential Report Writing and Case Studies (v2) - 14 Hours ($195.00)
This course demonstrates practical writing exercises necessary to produce convincing appraisal reports in daily practice. Course objectives are achieved through the mastery and application of residential valuation procedures, grammar rules and writing techniques, and specific writing assignments based on a residential case study. Participants will practice writing effective narrative comments for form appraisal reports and learn how to explain valuation procedures and conclusions to users of reports. The techniques applied in this course are useful in real-life situations.
7 Hour National USPAP Update Course Equivalent (2006) – 7 Hours ($129.00)

The purpose of this course is to provide students with knowledge and understanding of the Uniform Standards of Professional Appraisal Practice (USPAP). This course meets the seven hour National USPAP continuing education requirements for license renewal. This course covers public trust and Appraisal Standards and the structure of USPAP. It also includes an overview of recent changes to USPAP. Students will re-evaluate the decision tree regarding valuation services and appraisal practices and cover when USPAP applies. The course includes the scope-of-work. Myths and misconceptions about USPAP are covered and common USPAP errors and deficiencies are explained.

A URAR Form Review (v2) - 7 Hours ($129.00)
The course will instruct students in detail how to fill out the new Uniform Residential Appraisal Report (URAR). Students will be taken through each section of the URAR where they identify and complete the required fields. This course provides the student with the guidelines and direction to create URAR reports which are in compliance with USPAP.
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