Online Basic Appraisal Principles (A101)

A101 Basic Appraisal Principles is designed as an introductory course for individuals preparing for a career as a valuation professional. The course provides the first 30 hours of qualifying prelicensure education, which is commonly required by states for individuals seeking appraisal licensure. The course guides participants through introductory economic concepts. Participants learn the basic appraisal principles that can be used to build a solid foundation for an ethical and competent appraisal practice. Concepts such as highest and best use, the time value of money, and the nature of value are explored through instructor-led discussion. Real-world type problems are introduced to aid participants in developing their problem-solving skills.

Format: The course consists of twenty-two chapters (Parts). Each chapter includes a course narrative containing explanations, instructions, and examples, as well as visuals, interactions, and knowledge check questions. A proctored final assessment is available to learners after completing the course content. 

Course Length: 28 hours (on-demand), 2 hours (final assessment). Please note that this offering is not approved in all states.  Please contact your state appraisal board or ASFRMA at dilk@asfmra.org for information on specific state approvals.

Completion Requirements: To complete the on-demand portion of this course, you must complete all twenty-two chapters and pass each chapter's knowledge check. Passing the separate proctored final exam is also required for completion.

Technical Requirements:

* PC or Mac computer with an up-to-date modern browser such as Edge, Chrome, Firefox, or Safari. Do not use Internet Explorer.

* Stable broadband connection.

* Disable all popup blockers.

If you have questions regarding the content of this course or should you encounter technical issues (and following the steps provided in the Troubleshooting Guide included with this course does not resolve them) please email training@asfmra.org. You can expect to receive a response within three business days.

Note that some antivirus protection software or firewalls (common to company networks) can cause issues and prevent certain parts of the course from functioning properly. These and other local network-related issues would need to be assessed by your local IT support department. If issues persist, your IT department should "whitelist" the following IP address: 198.90.22.203

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ASFMRA Online Course Requirements and Troubleshooting Guide
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Basic Appraisal Principles: Course Introduction
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Part 1: The Appraiser and Public Trust
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Part 2: The Nature of Real Estate
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Part 3: Rights and Interest in Real Estate
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Part 4: Legal Description of Real Estate
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Part 5: Forms of Property Ownership
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Part 6: Controls on Ownership
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Part 7: Contracts, Leases and Deeds
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Part 8: The Nature of Value
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Part 9: Market Value
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Part 10: Influences on Real Estate Values
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Part 11: Economic Principles
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Part 12: Applied Economics in Real Estate
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Part 13: Market Fundamentals
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Part 14: Real Estate Math Basics
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Part 15: Math Applications in Real Estate
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Part 16: Measurement and Statistics
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Part 17: Introduction to Financial Calculations
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Part 18: Time Value of Money Concepts
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Part 19: Analyzing Market Areas
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Part 20: The Nature of Appraisals
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Part 21: Appraisal Principles in Practice
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Part 22: Exam Review
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