Register Online Locations Contact us Contact us Join Our Email List
American School of Business
 


general info & requirements
appraisal course schedules
appraisal study aids
regsiter online
register by mail or fax
register for state exam


OUR COURSES ARE APPROVED FOR:
Licensing Continuing Education License Upgrade

CURRENT LAWS:
 

Current Laws affecting Real Estate Appraisers were placed into effect in 1991; these laws and subsequent adoptions set requirements for those seeking to be Trainees, Licensed or Certified Real Estate Appraisers.

The American School of Business has and will continue to add new courses to our programs that are designed to fulfill the current as well as the future educational requirements.

Contained in this brochure you will see several new classes that allow you to complete your educational requirements. We are an approved Secondary provider by Hondros Learning and Dearborn Education under the Appraisal Qualification Board Course Approval Program. Online courses and seminars also have IDECC approval.

Once licensed as an appraiser, you must complete continuing education requirements.  We offer courses and seminars both in-class and on-line to help you meet your continuing education needs. Many of the courses we offer are apprived for licensing, license upgrade and continuing education.

No other school in New Jersey offers over 260 hours of approved appraisal education.

 

TYPES OF LICENSES:
TRAINEE REAL ESTATE APPRAISER :
If you are just entering the field of appraisal or have less than 12 months of Appraisal experience, then you are considered a trainee. As a trainee you must work under the direct supervision of licensed or certified appraisers when performing appraisals.

  LICENSED REAL ESTATE APPRAISER :
    This license qualifies an appraiser to perform appraisals of residential properties (one to four family) with transaction amounts up to $1,000,000 and of a non-complex nature.

  CERTIFIED RESIDENTIAL REAL ESTATE APPRAISER :
    This license qualifies an appraiser to perform appraisals of any residential property (one to four families) regardless of transaction amount or complexity.

  CERTIFIED GENERAL REAL ESTATE APPRAISER :
    This license qualifies an appraiser to appraise properties of any type, residential or non-residential.

NATIONAL UNIFORM LICENSING and CERTIFICATION EXAMINATIONS:
 

Education and experience must be completed prior to taking the AQB-approved National Uniform Licensing and Certification Examination.


BACKGROUND CHECKS*
 

All candidates for a real property appraiser credential must undergo background screening. State appraiser regulatory agencies are strongly encouraged to perform background checks on existing credential holders as well.


COLLEGE DEGREE ACCEPTANCE and CORE CURRICULUM REQUIREMENTS:
 

Credit towards qualifying education requirements may be obtained via the completion of a degree program in Real Estate from an accredited degree-granting college or university provided the college or university has had its curriculum reviewed and approved by the AQB.


COLLEGE LEVEL EDUCATION* & EXPERIENCE REQUIREMENTS
 

This license qualifies an appraiser to appraise properties of any type, residential or non-residential. College Level Education is required. Applicants must attend and successfully complete courses of instruction at a New Jersey approved school, such as the American School of Business.  The experience requirement is a minimum number of work hours combined with a minimum time frame.

  Trainee Appraiser
    College Level Education Requirements - None
    Current Education Requirements - 75 Hours
    Current Experience Requirements - None
     
  Licensed Residential Appraiser
Semester Credit hours of college level education from an accredited college, junior college, community college, or university OR an Associate’s degree or higher (in any field).
    College Level Education Requirements - 30 semester credit hours
    Current Education Requirements - 150 Hours
    Current Experience Requirements - 2,000 hours in no less than 12 months
     
  Certified Residential Appraiser
Semester credit hours in specified collegiate subject matter courses from an accredited college or university OR an Associate’s degree or higher. Bachelor’s degree or higher (in any field) from an accredited college or university.
    College Level Education Requirements - 21 semester credit hours
    Current Education Requirements - 200 Hours
    Current Experience Requirements - 2,500 hours in no less than 24 months
     
  Certified General Appraiser
Semester credit hours in specific collegiate subject matter courses from an accredited college or university OR a Bachelor’s degree or higher. Bachelor’s degree or higher (in any field) from an accredited college or university.
    College Level Education Requirements - 30 semester credit hours
    Current Education Requirements - 300 Hours
    Current Experience Requirements - 3,000 hours in no less than 30 months

NEW APPRAISERS: What Courses to Take
 

If you currently do not have any appraisal education, and are registering for courses you must complete APP60 & USPAP to fulfill the Trainee Requirements (75 Hours);

It is our recommendation that you also include RMA15, RSC30, RSV15 & RRW15 to fulfill the Residential Licensing Requirements (150 Hours) The benefit of registering for the complete 150 hour Residential Licensing package is that when you are ready to transition from a Trainee to a Licensed Appraiser you will have already fulfilled your educational requirements.


EXISTING APPRAISERS: What Courses to Take
 

All of our appraisal courses are approved for Licensing, License Upgrade and qualify for Continuing Education.  Any of our courses can be added to your existing hours of education to attain your educational goals.

If you are currently a Licensed appraiser and are looking to upgrade your existing license to Residential Certification you must complete courses such as ARA15, SMF15 and MUCP20.

If you are currently a Certified Residential appraiser and are looking to upgrade your existing license to General Certification you must complete courses such as GAIA60, SMF15 and MUCP20.

We also highly recommended that all existing appraisers take our new Appraisal Exam Prep Course prior to taking your state exam.  With the January 1, 2008 changes also comes new licensing and certification exams.  These new exams have been put together on a federal level and are anticipated to be more difficult that the prior STATE EXAMS.  See the below course outline for more information.


RESIDENTIAL COURSE OUTLINES:
  APP60 - Appraisal Principles & Procedures - 60 Hours
The Appraisal Profession Real Estate Marketplace The Appraisal Process
Building Construction Data Collection Site Valuation
The Cost Approach Sales Comparison Approach Reconciliation 
Appraising Partial Interest Math and Statistics    

  USPAP - National Uniform Standards of Professional Appraisal Practices - 15 Hours
Professional Conduct Ethics Rule & Conduct Management
Confidentiality  Record Keeping Competency and Departure Rule
Jurisdictional Exceptions Supplemental Standards Definitions
Standards 1-10 Statements ยท Advisory Opinions    

COURSE TUITION & DISCOUNT PACKAGE - Tuition includes a textbook for each course



website security


HOME   I   REGISTER NOW   I   POLICIES   I   DIRECTIONS   I   BROCHURE REQUEST   I   EMPLOYMENT   I   ASB DOCUMENTS
CHECK YOUR CE CREDITS   I
  TRAINING CENTERS   I   EMAIL WEBMASTER