Real Estate Appraisers assess residential real estate property for its current fair market value. In order to appraise the property, the appraiser must go to the real estate site and take pictures and measurements of the land and/or residence. A search of local real estate records is done to establish a price comparison of like properties, and a computerized report on the findings is written up for the customer and lender.
This course series features courses that will prepare students to work in the field and to sit for the Maryland Licensed Appraiser exam. Students will be prepared to begin their required apprenticeship hours and, when completed, take the licensing exam to become a Maryland Licensed Appraiser. Students may apply for an Appraisal Trainee license after completing 75 hours of education (REA019 and REA020). To apply for the Licensed Appraiser exam, students must complete 150 hours of education and 1000 hours of appraisal apprenticeship hours.
Students entering this program should have strong analytical, math, listening, communication, and writing skills, and the ability to work both independently and within groups.
Typical job titles for this field include real estate appraiser, real property appraiser, and field appraiser. Jobs are available in the real estate industry and governmental agencies, and there are also opportunities to be self-employed. Additional career information can be found in Career Coach: https://ccbcmd.emsicc.com/.
Program Course Sequence
Class attendance is mandatory. Students must pass a final exam in each of the five courses.
Course Number
|
Course Title
|
Course Hours
|
Textbook Information
(approximate cost; subject to change)
|
Costs
T=Tuition/F=Fees
|
REA 019
|
Real Estate: Appraisal Principles & Procedures
|
60
|
Residential Property Appraisal by Mark R. Ratterman, Appraisal Institute; $100. (Instructor will provide information about ordering the book at first class meeting).
|
$849
T-$255/F-$594
|
REA 173
|
Real Estate: Appraisal Standards & Ethics
|
15
|
Uniform Standards of Professional Appraisal Practice; $35; and 15 hour National USPAP course Student Manual; $45; available through the Appraisal Foundation
|
$289
T-$87/F-$202
|
REA 027 |
Supervisor Appraiser/Trainee Appraiser
|
4 |
Material included |
$95
T-$29/F-$66 |
REA 020
|
Real Estate: Appraisal Practices & Analysis Part I
|
30
|
Residential Property Appraisal by Mark R. Ratterman
|
$495
T-$149/F-$346
|
REA 021
|
Real Estate: Appraisal Practices & Analysis Part II
|
45
|
Residential Property Appraisal by Mark R. Ratterman
|
$629
T-$189/F-$440
|
Course Series Totals:
|
|
154
|
$180
|
$2357
T-$709/F-$1648
|