• Learn online from your home or office IBM compatible computer.
• Work at your own pace, according to your schedule, with a six-month deadline.
• Pass the required proctored final exam(s).

This course focuses on the requirements for ethical behavior and competent performance by appraisers that are set forth in the Uniform Standards Professional Appraisal Practice (USPAP) for 2010-2011. Emphasis is placed on the role of the appraiser and the impartiality associated with this role. This course will aid appraisers seeking competency in USPAP and all areas of appraisal practice. USPAP Manual provided in eBook (PDF) format. Proctored Exam Required.

The 2010-2011 15-Hour National USPAP Update Course will expire on December 31, 2011. The Appraisal Foundation will release a new version of USPAP (2012-2013) on January 1, 2012. In order to receive credit for the 2010 version, you must complete the course and pass the final exam within your enrollment period and no later than December 31, 2011.

Important Note: Students are required to complete the 75-Hour Appraiser Qualifying Education Course to meet the 90-hour qualifying education requirements. It is strongly recommended that students take the 75-Hour Appraiser Qualifying Education Course before taking the 15-Hour USPAP course (see course below).

The material in this course satisfies 75 hours of the 2008 Real Property Appraiser Qualification Criteria as mandated by The Appraisal Foundation.

The course focuses on the basic principles and procedures of appraisal, as well as residential report writing and case studies. Using an effective blend of appraisal theory and practice, the curriculum covers real estate concepts, finance and the valuation process. Neighborhood analysis is explained, and the concept of highest and best use is addressed. Data collection, site description and improvement description is also covered. The three approaches to value- sales, comparison, cost and income- are described, along with the process of reconciliation. Students will learn to identify the two types of appraisals and the three types of appraisal reports. The course instructs students in detail how to fill out the 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. Included with this portion of the course is Fundamentals of Real Estate Appraisal, the most comprehensive reference book in the real estate appraisal profession ($55 value). Proctored Exam Required.

Important Note: Students are also required to complete the 15-Hour National USPAP Course Equivalent to meet the 90-hour qualifying education requirements (see course above).