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Please remember that you must first take the 90 hours required to become a Registered Trainee before you can take the Certified Residential classes.The core classes that we offer below are most of the hours required to become certified. Please contact your Licensing Board for more information.
The Liveclasses above each have an in-class exam at the end. The fee includes books and handouts. The Online classes require a proctored exam in Raleigh, NC. To arrange for an exam or alternate location, please call us at 800-268-6180.
Live
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Exam Prep
We offer Appraisal Exam Prep for Certified Residential. Be prepared to pass your
test with our live class room Exam Prep. Check to see if we have an Exam Prep class scheduled near
you.
(14 hours appraisal)
Residential Report Writing
This basic appraisal course introduces theories, techniques, and procedures to help you understand the appraisal process and how to use various residential forms and reports for appraisal. Through theory and hands-on examples of appraisal processes, the course will provide practical application of real estate appraisal procedures. A calculator is suggested. Outline below:
A. Writing and Reasoning Skills
B. Common Writing Problems
C. Form Reports
D. Report Options and USPAP Compliance
E. Case Studies
(15 hours; 2 days)
We are not offering this class Live but you can take it Online. Please email us at registrar@brightPathedu.com to be notified of upcoming live classes.
Residential Sales Comparison & Income Approaches
This course is designed to provide the student with a comprehensive knowledge of the development and application of the sales comparison approach and the income approach in residential appraisal assignments. The course begins with how the fundamental principles of valuation and appraisal standards apply to an assignment in which the sales comparison and/or income approach is relevant in the scope of work, and details the development steps in the appraisal process through reconciliation. As part of the progression, the student will become acquainted with accepted methodology and techniques that can be applied in the assignment using the sales comparison and/or income approaches. Included and emphasized, through numerous illustrations and application case studies, are choosing comparable data, derivation and application of adjustments for various elements, derivation and application of rates of capitalization, and the logic and rationale applied during reconciliation. Also included is an introduction to the HP 12c financial calculator as well as a discussion about using the sales comparison and income approaches in special situations. Outline below:
A. Valuation Principles & Procedures - Sales Comparison Approach
B. Valuation Principles & Procedures - Income Approach
C. Finance and Cash Equivalency
D. Financial Calculator Introduction
E. Identification, Derivation and Measurement of Adjustments
F. Gross Rent Multipliers
G. Partial Interests
H. Reconciliation
I. Case Studies and Applications
(30 hours; 4 days)
Residential Site Valuation & Cost Approach
This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for arriving at residential site values and applying the Cost Approach in everyday appraisal work. The advantages and disadvantages of using the cost approach in residential appraising will be examined. The important distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at several methods for estimating accrued depreciation. Students will learn how to read residential building plans and accompanying specifications. Each student will complete a step-by-step case study utilizing the Marshall and Swift cost manuals. An exam is given at the completion of the course for students requesting pre-certification credit. In addition to the course and its required text, we recommend the Marshall & Swift Cost Manual. Outline below:
A. Site Valuation
1. Methods
2. Case Studies
B. Cost Approach
1. Concepts and Definitions
2. Replacement/Reproduction Cost New
3. Accrued Depreciation
4. Methods of Estimating Accrued Depreciation
5. Case Studies
15 hours; 2 days)
We are not offering this class Live but you can take it Online. Please email us at registrar@brightPathedu.com to be notified of upcoming live classes
Advanced Residential Applications & Case Studies
The Advanced Residential Applications and Case Studies program is intended to elevate the student’s knowledge of challenging residential appraisal assignments and to develop the expertise to recognize and address those situations at the Certified Residential level. Topic areas focus on complex properties that include valuing unique and high-end residential dwellings. Other areas studied include methodologies for valuing partial interests and addressing changes in market conditions. Challenging residential appraisal assignments necessitate the performance of analyzing market conditions and interpreting those conditions as they relate to appropriate adjustments for market conditions, location, distance, physical characteristics, etc. The Advanced Residential Applications and Case Studies will address these challenges with study including cost development, locational considerations, functional obsolescence, and data identification/quantification issues.
A. Complex Property, Ownership and Market Conditions
B. Deriving and Supporting Adjustments
C. Residential Market Analysis
D. Advanced Case Studies
(15 hours; 2 days)
We are not offering this class Live at this time. Please email us at registrar@brightPathedu.com to be notified of upcoming live classes.
Statistics, Modeling, & Finance
Statistics, Modeling, and Finance is designed to provide students both the theory and practice of statistics, real estate finance, and valuation modeling for today’s Certified Residential appraiser. The first half of the text outlines terminology and basic principles of statistics, including practical applications in statistical analysis. The last half presents an explanation of real estate markets, terms of financing, and real-world examples of how financing affects the value of real property.
A. Statistics
B. Valuation Models (AVM’s and Mass Appraisal)
C. Real Estate Finance
(15 hours; 2 days)
We are not offering this class Live at this time. Please email us at registrar@brightPathedu.com to be notified of upcoming live classes
Online
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Residential Report Writing and Case Studies
Demonstrates practical writing exercises necessary to produce convincing appraisal reports in daily practice.
- Objectives are achieved through the mastery and application of residential valuation procedures, grammar rules and writing techniques, and specific writing assignments based on a residential case study.
- Practice writing effective narrative comments for form appraisal reports and learn how to explain valuation procedures and conclusions to users of reports.
- Techniques applied in this course are useful in real-life situations.
We are now offering this class Online. Please email us at registrar@brightPathedu.com to be notified of upcoming Live classes
Residential Appraiser Site Valuation and Cost Approach
Provides an introductory understanding of fundamental concepts of appraising.
- Focuses on the valuation of vacant land parcels and the development of the cost approach.
- Develops your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources.
- Covers the origin of the appraisal assignment to a final value estimate using various cost approach applications.
We are now offering this class Online. Please email us at registrar@brightPathedu.com to be notified of upcoming Live classes
Back to Certified Residential Appraiser
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All Online Courses are IDECC approved.
