RES E20 Basic Real Estate Appraisal Principles (2 AEC)

This introductory class provides the 30 clock hours toward the 75 hours required for the Illinois Associate Appraiser license. The course is an overview of the real estate appraisal profession, real property concepts and characteristics, legal considerations, influences on real estate value, types of value, real estate markets and the economic principles and ethics in appraisal theory.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.