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OnCourse Learning Publishing

The Path to Success Begins with Knowledge

title

Basic Real Estate Appraisal, 9th Edition (E-Book)

Format | Download

Category | Textbook

SKU | 9781629800448

$67.10

More Info

Written by instructors for instructors, Basic Real Estate Appraisal covers the fundamentals of the appraisal business, making concepts accessible for aspiring real estate appraisers. It also helps real estate salespeople, brokers, consumers, investors, and all others seeking a better understanding of the role of appraisers in today’s real estate market. This ninth edition reflects the major changes in appraising and appraisal regulations in recent years, including changes to the Uniform Standards of Professional Appraisal Practice (USPAP) in the 2014–2015 Edition, as well as those approved for the 2016–2017 Edition. This edition also addresses the Uniform Appraisal Dataset (UAD) and the Market Conditions Addendum used in single-family residential appraisals for lending purposes.

Arizona Appraisal License Requirements

The information contained below is designed to provide a summary of the minimum education, experience, and examination requirements established by the Real Estate Appraisal Division of the Arizona Department of Financial Institutions. The information provided below can be found on the Board’s website. However, we recommend you contact the Board for more detailed information and for any changes which may have occurred.

Arizona Appraisal Licensure Levels:

  • Licensed Residential Appraiser
  • Certified Residential Appraiser
  • Certified General Appraiser 

Arizona Appraisal Licensure Requirements:

  • Must be at least 18 years of age
  • Must not have had a license or certificate denied within one year preceding the application
  • Must not have had a license or certificate revoked within two years preceding the application
  • Must not have committed any crimes involving dishonesty or moral turpitude
  • Must meet the educational requirement for the applying level of licensure
  • Must meet the experience requirement for the applying level of licensure
  • For Certified Residential level:  A minimum of an Associates Degree OR 21 college semester hours in specific subject matters is also required.  For Certified General level:  A minimum of a Bachelors Degree OR 30 college semester hours in specific subject matters is also required. 
  • Satisfactory completion of the state examination
  • Submit application, required documents, and associated fees.

Arizona Appraisal Education Requirements:

  • 150 hours for the Licensed Residential Appraiser which consist of the following courses:  Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30 hours), 15 Hour National USPAP Course or its equivalent (15 hours), Residential Market Analysis and Highest and Best Use (15 hours), Residential Appraiser Site Valuation and Cost Approach (15 hours), Residential Report Writing and Case Studies (15 Hours), Residential Sales Comparison and Income Approach (30 hours)
  • 200 Hours for the Certified Residential Real Property Appraiser which consist of the same 150 hours of Licensed Appraiser education AND:  Statistics, Modeling and Finance (15 hours), Advanced Residential Application and Case Studies (15 hours), Appraisal Subject Matter Electives (20 hours)
  • 300 hours for the Certified General Real Property Appraiser which includes the same 200 hours for the Certified Residential Real Property Appraiser education AND:  General Appraiser Sales Comparison and Income Approach (15 hours), General Appraiser Site Valuation and Cost Approach (15 hours), General Appraiser Income Approach (45 hours), General Appraiser Report Writing and Case Studies (10 hours), General Appraiser Market Analysis and Highest and Best Use (15 hours)  

Experience Requirements:

  • Licensed Residential Appraiser – 2000 hours in no less than 18 months
  • Certified Residential Real Property Appraiser – 2500 hours in no less than 24 months
  • Certified General Real Property Appraiser – 3000 hours in no less than 30 months with at least 1500 hours of experience in nonresidential appraisals

Arizona Appraisal Continuing Education Requirements:

  • All licensees must complete 28 hours of continuing education within the renewal cycle
  • At least 7 hours of this requirement must cover the USPAP Update course or its equivalent
  • Continuing Education courses taken through distance education may not exceed 75% of the 28 hours
  • The same course cannot be repeated as use for CE credit within a renewal cycle

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