42205 Ann Arbor Rd

Plymouth, MI, 48170 Phone: (734)207-5050 AREAI@comcast.net

ON LINE CLASSES

If you are interested in one of these online classes listed below, please click on the following link and follow the instructions: http://areai.fastclass.com

MICHIGAN LAW ($39 Tuition) 2 HOURS

This seminar must be taken every TWO YEARS. The topics to be covered are the state appraiser laws: Articles 1-6 of the Occupational Code, Article 26, and the administrative rule and regulations for appraisers.

2010-2011 SEVEN HOUR NATIONAL USPAP UPDATE COURSE

The core of this course focuses on the 2010-2011 Uniform Standards of Professional Appraisal Practice updates as set forth by the Appraisal Standards Board of The Appraisal Foundation. Also included are issues that appraisers face in their daily appraisal assignments, as well as common USPAP violations. Seven (7) hour continuing education credit. Tuition $140.

Course Learning Objectives:

After Completing this course, you will be able to:

Describe the purpose and content of USPAP.

Recall the expectations and responsibilities of appraisers.

Distinguish between valuation services, appraisal practice, and related performance standards.

Describe the steps in the appraisal process.

Describe the rationales for the changes to USPAP.

Recall the changes to the DEFINITIONS, RULES, AND STANDARDS.

Describe the structures, roles, and responsibilities of appraisal-related entities.

Evaluated case examples and apply appropriate actions that are compliant with USPAP.

Demonstrate comprehension of key USPAP application references.

SALES COMPARISON APPROACH

This course provides a complete review of the Sales Comparison Approach; defining the concept and key terms; going into the exam procedure; discussing comparable sales; rules for making adjustments to the comparables; determining adjustment values; and lastly discussing the differences between sales comparison appraisal and competitive market analysis. Seven hours (7) continuing education credit. Tuition $105.

Course Learning Objectives:

After completing this course, you will be able to:

Discuss the advantages and disadvantages of the Sales Comparison Approach.

Perform the steps in the appraisal process.

Demonstrate matched pairs analysis procedures.

Apply appraisal theories and principles used in the Sales Comparison Approach.

Discriminate between market value, cost, and price.

Define the parameters of market value.

Perform mathematical procedures involved in applying the Sales Comparison Approach.

RESIDENTIAL COST APPROACH

This course provides complete review of the Cost Approach to value: defining concepts and key terms; reviewing the exact procedures involved; detailed site valuation procedures; various methods available to calculate "cost new" of the improvements; reconciliation of the Cost Approach estimate of value with the other approaches to value. Seven (7) hours continuing education credit. Tuition $105.

Course Learning Objectives:

After completing this course, you will be able to:

Discuss the advantages and disadvantages of the Cost Approach.

Perform the steps in the appraisal process.

Discriminate between market value, cost, and price.

Demonstrate calculation of "cost new" for improvements.

Apply principles of depreciation from all sources.

Demonstrate understanding of the methods of site valuation.

Perform the steps for reconciling the final value estimate.

FHA AND VA APPRAISAL BASICS

This course provides you with an understanding of the historical and present need for FHA and VA programs. It focuses on current FHA appraisal requirements effective February 2008. You will also learn how to get placed on the rosters and the essential information needed to complete the appraiser application. Seven (7) hours continuing education credit. Tuition $105.

Course Leaning Objectives:

After completing this course, you will be able to:

Describe the purpose and programs for the FHA and VA.

Identify the FHA loan types, their requirements, and benefits.

Recall the requirements of the FHA and VA appraiser.

Apply appraisal reporting requirements using the correct protocol.

Practice reporting data for a one-unit dwelling and other property types.

Describe VA loan requirements and approaches to value.

OTHER INFORMATION:

All four classes are $439.

REFUND POLICY: Refunds are available up to three calendar days after the date of enrollment. The credit card used to purchase the course will be the account that is refunded. To request a refund, contact Technical Support at Support@fastclass.com or 1-866-455-3278. Hours: Monday through Friday 9 am to 7 pm; Saturday 10 am to 3 pm. Closed Sundays and major holidays.

CREDIT FOR CLASS: Upon successful completion of the class the student will be issued a certificate which can be printed (and should be saved in a file). All completions of online continuing education will be reported to the state within a week of completion.

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