Michigan Appraiser
Qualifying Education (QE) Classes

Familiarize yourself with the 2020-2021 Uniform Standard of Professional Appraisal Practice (USPAP). This course explores changes to the 2020-2021 version of USPAP, dives into demanding and complex appraisal problems, and provides insights into how to confidently put forth property appraisals that adhere to USPAP standards.

Take an in-depth look at how real property concepts, characteristics, and legal descriptions influence real estate values. This is a foundational course for other advanced appraisal courses. It summarizes the educational requirements for appraisers, explains the characteristics of a market, and summarizes the process of market analysis.

Continue to establish your foundation for the appraisal profession by learning the steps for appraising all types of real property. This course reviews the three approaches to value (the Cost Approach, Sales Comparison Approach, and the Income Capitalization Approach) and explores real-world examples of each approach to value.

Market analysis and highest and best use are key elements involved in a credible real property valuation. This course will give you the tools and insights needed to expand your knowledge in these critical analyses. It reviews the basics of analysis, including definitions and terminology, boosts your knowledge of common methodologies used to extract information from the market, and explores the concept of highest and best use and the theory of consistent use.

Explore the fundamentals of site valuation and cost approach with course content designed to meet the requirements of the Appraisal Qualifications Board as part of the required Real Property Appraiser Qualification Criteria. This course fulfills one of the elements of the AQB's Required Core Curriculum for Licensed Residential Real Property Appraiser Classification and the Certified Residential Real Property Appraiser Classification.

Cover the basics of income property principles that affect the appraisal of residential properties. With this course, you will expand your knowledge of the two primary approaches used to value real property, boost your knowledge on the principles of income capitalization, and set a foundation for more advanced general appraiser classes.

An appraisal report is both the final step and a critical element in the appraisal process. Get up-to-speed on the techniques and procedures associated with writing a proper appraisal report and uncover the various reporting options available. Learn the foundational requirements for these reports, which are taken from USPAP and intended users such as Fannie Mae and HUD. You will also enhance your learning with interactive case studies on a single-family dwelling and a three-unit residential income property.

Appraising for the Supervisor and Trainee is designed to assist in creating competent appraisers who can continually promote and reinforce ethical appraisal practice, abide by state and national laws and regulations, and uphold an appropriate supervisory/trainee appraiser relationship. An overview is provided of the rules, requirements, and USPAP standards for supervisory and trainee appraisers, identifying the AQB and state-specific requirements, and especially noting the credentialing requirements for supervisory and trainee appraisers.

This course covers appraisal concepts to build upon the aspiring appraiser's base-level knowledge of appraisal applications. The course examines how appraisers can identify and perform a complex appraisal assignment and the reasons behind an assignment's complexity (e.g., complex interests in ownership, complex market conditions, complex structures and sites, green features, etc.). The course also offers condensed and expanded case studies for students to apply their learned knowledge.