Credit Hours: 6
Attend live classes from the comfort of your home or office! Live online courses make it more convenient than ever to study for your real estate licensing exam.
Appropriately preparing trainee appraisers is imperative for ensuring the integrity and quality of the industry is upheld.
The recent rebound of the real estate market has been a welcome sight for the appraisal profession. It is the crucial responsibility of supervisory appraisers to train, develop, and mentor these new professionals. This mentor relationship will produce competent, ethical appraisers to enhance public trust. The 2015 AQB Real Property Appraiser Qualification Criteria requires that both supervisory and trainee appraisers be educated regarding the expectations for these roles.
This course meets the national, AQB-required content and outline for supervisory and trainee appraisers. Minnesota has adopted criteria that exceed the minimum AQB requirements, and this course addresses the specific criteria that have been adopted by Minnesota with regard to supervisory appraisers and trainee appraisers. Discussions revolve around the requirements, expectations, and responsibilities of both types of appraisers in order for trainees to gain experience credit. A short history of the profession is followed by the structure of the entities that oversee appraisers, including The Appraisal Foundation, The Appraisal Subcommittee, and state regulatory bodies.
Students will understand the requirements for licensing levels and the use of trainees for Fannie Mae, FHA, and lender assignments. Also addressed are the USPAP requirements that apply to assignments involving more than one appraiser.
This course has been approved by the Minnesota Commissioner of Commerce for 6 hours of appraisal continuing education.
This course is intended for prelicensing credit. If you are enrolling for continuing education instead, visit our CE page.
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