RES E05 Residential Appraiser Site Valuation & Cost Approach (1 AEC)

Residential Appraiser Site Valuation & Cost Approach is for those intending to seek an Illinois Certified Residential Appraiser license, this class provides 15 hours of instruction and fulfills the requirements of the state’s ILR5-08 course. The course introduces basic theories, techniques, and procedures involved with site valuation and the application of various cost approaches to value. An HP 12C calculator is recommended.The Appraisal Qualification Board (AQB) adopted new criteria (requirements) in February 2004 for obtaining a Certified Appraisal License. The new criteria (requirements) may mean that the course you are now taking may not meet the education requirements for licensure should you not become a licensed Certified Appraiser (Certified Residential or Certified General) by January 1, 2008. Candidates for licensure must have completed their application including the appraisal experience requirement and pass the appraisal test prior to January 1, 2008. Please click here for further information.