Professional Licensing and Certified Residential Appraisal Program
BEGINS
on 7/6/09 Next Class October/November 2009
Our
courses are approved by
the New York State Department of State (DOS) and meet the educational
requirements of the Appraisal Qualifications Board (AQB). Our courses include all text
books for each course. Our
Package includes all books, manuals, the
courses and the final exams.
LICENSED AND LICENSED ASSISTANT IN NEW YORK STATE:
Education Required for Licensed and Licensed Assistant
Appraiser Regulations (a High School Diploma is required for Licensing
and Licensed Assistant)
7 Specific Appraisal Courses with exams- Courses must be
taken in sequential order (USPAP can be taken in any order)
State Licensed Residential
Real Estate Appraiser/Appraiser Assistant (150 hours)
Advanced Residential Applications and Case Studies (R-11) 15 hours..$
350 $275** 8/10, 11, 12, 13
(6-10:30pm)
**Enroll and
attend the SMF and R-11 Program you may receive a discounted tuition of $
550.00 (Retail $ 700) No refunds permitted.
Fair Housing, Fair Lending and Environmental Issues (RE-2) 20 hours.........$
375.."FILED W/ NYS" Planned for Sept., 2009
If you enroll in the
additional classes, we offer discounts- check us out by calling 631-563-7720
NOTICE FOR LICENSED AND LICENSED ASSISTANT
APPRAISERS WHO CURRENTLY HAVE A LICENSE IN N.Y. State-
To
meet the education to upgrade from Licensed or Licensed Assistant to Certified
Residential, the following education is required as follows:
R-5 Waived, R-6 Waived and 15 Hour USPAP Waived- This is because you already
book R-1, R-2 and USPAP (call school for transcripts) Required: R-7, R-8, R-9, R-10, SMF, R-11, and RE-2, which is a 20 hour elective
course.
Licensed Appraisers and Licensed Assistants must complete the additional 125
hours of appraisal courses to upgrade to Certified Residential.
**College is in addition to this requirement, and this does not address
experience requirement also required in New York State.
If You Are a Licensed
Appraiser and wish to upgrade to Certified Residential:
IF YOU
ALREADY TOOK R3 & R4, you should Call NYS. You are Grandfathered regarding
Education. Call 518-474-4429 with questions to NYS
If You DID NOT
Take R3 and R4, you
must follow the NEW Regulations to become a Certified Residential Appraiser in
NY State, as follows:
·You
already took R-1 Waived for R-5
·You
already took R-2 Waived for R-6
·You
already took 15 hr USPAP Waived for 15 Hour USPAP
You will
also need:R-7, R-8, R-9, R-10, SMF, R-11, and
RE-2, which is a 20 hour elective course.
College is in addition to this requirement, as
follows:(3 credit College courses) We also recommend you consider CLEP Exams and
Empire State University, which will give you credit for certain non-credit
courses you attended.
1. English Composition
2. Economics (Micro or Macro)
3. Finance
4. Algebra, Geometry or Higher Math
Course
5. Statistics
6. Introduction to Computers, Word
Processing/Spreadsheets
7. Business Law or Real Estate Law
Experience: You must show NYS that you
have completed 2500 hours of experience over no less than 2 years and no more
than 5 years– the logs will be presented to NYS when you apply. It is part of
the application.
National Test for NYS– You must take the
Licensing Test when you have met the above requirements. Until then, you do not
need to take the NYS test until such time as you have met the above regulations
EDUCATION NEEDED TO
UPGRADE, and DATES/TIMES and SPECIAL PRICE, as follows:
1.Residential
Market Analysis and Highest/best Use (R-7) 15 hrs ....$ 275 $150 7/20,
21, 22, 23, (6-10:30pm)
2.Res.
Appraiser Site Valuation and Cost Approach (R-8) 15 hrs. ....$ 275 $150
7/25 (8-5pm) 7/26 (8-3pm)
3.Res.
Sales Comparison and Income Approach (R-9) 30 hours.... $ 395 $275 7/27,
28, 29, 30 (6-10:30pm) 8/1(8-5) 8/2
(8-11)
4.Residential
Report Writing and Case Studies (R-10) 15 hours… .$ 275 $150 8/3, 4, 5,
6, (6-10:30pm)
[ ] List program you wish to
take_____________________________________________________
Credit Card
#______________________________________________Exp:__________ 3
Digit______ I wish to enroll in the above circled program. I understand
the no refund policy. All notifications requests are to be made
via certified mail for any transfer request. PLEASE CHECK [X] THE
COURSE/PROGRAM YOU WISH TO ATTEND ABOVE. Discount Price is a No-Refund Policy Price.
All agree to the no refund
policy, based upon this substantial discount! We will include, at this price,
all books, manuals and our final exams. We must have 8 registrants to host a
class.
Mail to:Appraisal Education Network School,
1461-16 Lakeland Avenue, Bohemia,
NY 11716 Division of the Merrell Institute- Bill C. Merrell,
PhD- School Director/Founder. Office: 631-563-7720
Fax: 631-563-7719
(Fax registration with Credit card information) IF YOU WISH TO PAY BY CHECK, MAIL THIS FORM WITH YOUR CHECK TO
US. IF PAYING WITH MASTERCARD OR VISA, MAIL OR FAX IT TO US. You can also sign
up over the phone with your VISA or MasterCard to guarantee your spot for this
course!
There are college-level course
requirements for the Certified Residential and Certified General
classifications;
The required number of classroom
hours in appraisal education has increased in all three licensure
classifications; and
There are minimum classroom hours
of coverage requirements for specific topic areas, which are known as
modules.
In addition to the college-level
course requirements, the appraisal education classroom hour requirement has
increased for the State Licensed, State Certified Residential and State
Certified General classifications. The Assistant classification will become 150
classroom hours. The number of appraisal education classroom hours to become a
State Licensed appraiser has increased from 90 hours to 150 hours; Certified
Residential has increased from 120 hours to 200 hours; and, Certified General
classification has increased from 180 hours to 300 hours.
How to I obtain appraisal
experience?
Appraisal experience can be gained by aligning yourself with a professional,
established appraiser as a Licensed Appraiser Assistant. Many appraisers work as
an assistant while completing the required education. For real property
appraisers, many states have formal trainee programs. NYS mandated 2000 and 2
years to meet the experience requirement to upgrade to Licensed from Licensed
Assistant.
All individuals seeking to become
a State Licensed, State Certified Residential or State Certified General
appraiser must successfully pass an examination administered by the State of New
York. There is no State Exam to become a Licensed Appraiser Assistant in NY
State.
FOR CONTINUING
EDUCATION COURSES, GO TO OUR APPRAISAL CONTINUING EDUCATION SCHEDULE, via
www.merrellinstitute.com
REPRINTED FROM NYS, DEPT OF
STATE WEB SITE AS FOLLOWS:
Listed below is information
pertinent to the offering of the real estate appraiser qualifying
courses:
Appraiser license/certification candidates must satisfy the
education requirements by completing the prescribed courses
indicated for each classification.
To satisfactorily complete any course
offered for study, a person must physically attend 90 percent of
each 30-hour course and 100 percent of each 15-hour course,
exclusive of sessions devoted to examination.
In accordance with sections 1103.8,
1103.9 and 1103.10 of the Department’s rules and regulations (19
NYCRR), the following courses must be completed sequentially for the
residential/general appraisal classifications. Proof of successful
completion of the required courses must be furnished to the
Department of State by an original certificate with a raised
seal at the time of application.
State Licensed Residential
Real Estate Appraiser/Appraiser Assistant (150 hours)
Basic Appraisal Principles (R-5) 30
hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Residential Market Analysis and Highest/best Use (R-7) 15 hours
Residential Appraiser Site Valuation and Cost Approach (R-8) 15
hours
Residential Sales Comparison and Income Approach (R-9) 30 hours
Residential Report Writing and Case Studies (R-10) 15 hours
State Certified Residential
Real Estate Appraiser (200 hours)+ Associate’s Degree or 21 college semester credit hours
Basic Appraisal Principles (R-5) 30
hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Residential Market Analysis and Highest/best Use (R-7) 15 hours
Residential Appraiser Site Valuation and Cost Approach (R-8) 15
hours
Residential Sales Comparison and Income Approach (R-9) 30 hours
Res. Report Writing and Case Studies (R-10) 15 hours
Statistics, Modeling and Finance (SMF) 15 hours
Advanced Residential Applications and Case Studies (R-11) 15 hours
Introduction to Residential Income Properties (RE-1) 20 hours
OR
Fair Housing, Fair Lending and Environmental Issues (RE-2) 20 hours
State Certified General Real
Estate Appraiser (300 hours)+ Bachelor’s Degree or 30 college semester credit hours
Basic Appraisal Principles (R-5) 30
hours
Basic Appraisal Procedures (R-6) 30 hours
National USPAP 15 hours
Gen. Market Analysis and Highest/Best Use (G-4) 30 hours
Statistics, Modeling and Finance (SMF) 15 hours
General Appraiser Sales comparison Approach (G-5) 30 hours
General Appraiser Site Valuation and Cost Approach (G-6) 30 hours
General Appraiser Income Approach (G-7) 60 hours
General Appraiser Report Writing and Case Studies (G-8) 30 hours
Fair Housing, Fair Lending and Environmental Issues (GE-1) 15 hours
Specialty Appraisals (GE-2) 15 hours
OR
Using the HP12C Financial Calculator (GE-3) 15 hours
Continuing Education
All appraisers are required to successfully complete twenty-eight
(28) hours of approved continuing education prior to renewal. All
courses must be completed within the two-year license cycle.
Individuals who successfully
complete an appraiser qualifying course during any license term in
anticipation of changing their classification, may receive
continuing education credit for such a course.
In order to renew a license or
certification expiring on or after January 1, 2004, all categories
of real estate appraisers must complete the 7-hour National USPAP
Update Course prior to renewal. The 7-hour National USPAP Update
Course must be completed every two-years prior to the renewal and
may be applied toward the 28-hour continuing education requirement.
Real Estate Appraisal courses of study
are approved and supervised by the Department of State. All
inquiries and complaints against an approved educational provider
should be directed to the Bureau of Educational Standards.
