Appraisal Licensing Course Descriptions

Residential Appraisal Licensing & Certification Courses are offered by the Rhode Island Association of REALTORS® and are listed below. These comprehensive, well-designed courses have been developed by the Association in order to qualify for the appraisal education licensing & certification. Some courses are also approved for Continuing Education for Real Estate

View Appraisal Course Calendar for Upcoming classes

 

Courses 1 & 2:

Basic Appraisal Principles I & II – 15 Hours each

These introductory appraisal courses provide an overview of real property concepts and characteristics, legal considerations, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal practice. Thorough discussion of appraisal principles, accompanied by practical examples, provides a solid foundation in appraisal basics. A calculator is recommended.

Cost:

General Public: $170
REALTOR®: $145
Foundation Sponsored: $135

Text Book: $35.00 (Used for both Basic Appraisal Principles I & II)


Courses 3 & 4:

Basic Appraisal Procedures I & II – 15 Hours each

This introductory appraisal course further provides an understanding and knowledge of real property concepts and appraisal procedures on real property. The course will also instruct students on the various approaches of assessing value on real property.

Cost:

General Public: $170
REALTOR®: $145
Foundation Sponsored: $135

Text Book: $35.00 (Used for both Basic Appraisal Procedures I & II)


Course 5:

Uniform Standards of Professional Appraisal Practice (USPAP)

Special provisions, real property appraisal, reporting appraisals, mass appraisals, personal property, and appraising & reporting are all topics that are addressed in this 15 hour class.

Cost:

Nonmembers: $225
REALTOR® and Appraisal Institute Members: $175


Course 6:

Residential Market Analysis & Highest & Best Use – 15 Hours

This course provides an understanding of market fundamentals, characteristics, and definitions, supply analysis, demand analysis, use of market analysis, test constraints, application of highest and best use, special considerations, market analysis, and case studies to further explain the terms.

Cost:

General Public: $170
REALTOR®: $145
Foundation Sponsored: $135

Text Book: $30.00


Course 7:

Residential Appraiser Site Valuation & Cost Approach – 15 Hours

This course covers methods, concepts and definitions, replacement/Reproduction cost new, accrued depreciation, methods of estimating accrued depreciation and case studies to solidify the students’ learning.

Cost:

General Public: $170
REALTOR®: $145
Foundation Sponsored: $135

Text Book: $30.00


Course 8:

Residential Sales Comparison and Income Approaches – 30 Hours

Topics covered include valuation principles and procedures – sales comparison approach, valuation principles and procedures – income approach, finance and cash equivalency, financial calculator introduction, identification, derivation and measurement of adjustments, gross rent multipliers, partial interests, reconciliation, case studies and applications.

Cost:

General Public: $340.00
REALTOR® $290.00
Foundation Sponsored: $270.00

Text Book: $ 35.00


Course 9:

Residential Report Writing and Case Studies – 15 Hours

Topics include writing and reasoning skills, common writing problems, form reports, report options and USPAP compliance, and case studies.

Cost:

General Public: $170
REALTOR®: $145
Foundation Sponsored: $135

Text Book: $30.00