Bob Ipock - Real Estate Appraisal Courses

R-1	Introduction to Real Estate Appraisal	30 hours + 3 hour exam
Introduction to Real Estate Appraisal: Introduces students to the subject of real estate appraisal, beginning with coverage of basic real property law. Students learn the various concepts of value and the operation of real estate markets. Relevant mathematical concepts are reviewed and the student is presented statistical concepts which are used in the appraisal practice. The course covers real estate financing terminology and practice; and students get an introduction to the basics of residential construction and design. They are provided an overview of the entire appraisal process. The cource concludes with two of the most important steps in the appraisal process - - specific coverage of residential neighborhood analysis and property analysis. Upon successful completion of the course, students are prepared for the R-2 course on ‘’Valuation Principles & Procedures’’ $350.00 Sign Up ALL REQUIRED TEXTBOOKS AND MATERIALS ARE INCLUDED IN PRICE

R-3	Applied Residential Property Valuation	15 hours + 1 hour exam
Applied Residential Property Valuation covers laws, rules and standards that must be followed by appraisers. This course focuses on the application of principles and practices to the appraisal of residential 1 – 4 unit properties and small farms. Students are first acquainted with federal laws and regulations applicable to appraisers and the provisions of the North Carolina Real Estate Appraisers Act and related board rules. $250.00 Sign Up ALL REQUIRED TEXTBOOKS AND MATERIALS ARE INCLUDED IN PRICE

R-4	USPAP	15 hours + 1 hour exam
The 15 hour National USPAP course of The Appraisal Foundation focuses on the requirements for ethical behavior and competent performances by appraisers that are set forth in the Uniform Standards Of Professional Appraisal Practice (USPAP). This course is unique in that it was developed in 1998 and is revised annually for The Appraisal Foundation with the assistance from the eight Appraisal Sponsoring Professional Organizations for use nationwide. $350.00 Sign Up ALL REQUIRED TEXTBOOKS AND MATERIALS ARE INCLUDED IN PRICE (IMPORTANT: Check N.C. Appraisal Board website for Licensing Requirements: www.ncappraisalboard.org )

R-2	Valuation Principles & Procedures	30 hours + 3 hour exam
Valuation Principles & Procedures focuses on the procedures used to develop an estimate of property value. It gives students an understanding of how the various principles of value actually relate to the application of procedures. Even though emphasis is placed on the appraisal of residential 1 – 4 unit properties and small farms, all the concepts and procedures covered are applicable to the appraisal of all types of properties. This course begins with the appraisal process review and proceeds to wide range coverage of the sales comparison approach, followed by methods of site valuation used to appraise residential 1 – 4 unit properties. The cost approach is covered in depth using basic concepts and methodology. With the income approach, emphasis is placed on direct capitalization using an overall rate and the gross rent multiplier technique. Lastly, students learn about the process of reconciling property value estimates obtained in applying the approaches to value. $350.00 Sign Up ALL REQUIRED TEXTBOOKS AND MATERIALS ARE INCLUDED IN PRICE