Appraisal Colorado. Licensing and QUARTER 3 QUARTER 4. Appraisal Education From the Name You Trust.

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1 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules QUARTER 3 QUARTER Colorado Appraisal Licensing and Continuing Education New Featured Course! Introduction to Commercial Appraising See Page 12. Appraisal Education From the Name You Trust.

2 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules Interested in an Appraisal Career? While many appraisers enjoy the benefits of self-employment, positions with firms such as appraisal companies and financial institutions are just a couple of the many opportunities for employment and on-the-job training. If you are a real estate professional, you ll find your knowledge of real property appraisal a decided advantage. You ll possess new insights and skills making you more valuable to clients and also fulfill mandated continuing education requirements. Kaplan has a complete portfolio of courses to meet practically all of your requirements, at every stage of your appraisal career. Whether you re just starting your career as an appraiser or working toward your Certified Residential Real Property designation, Kaplan has courses to help you advance in your career. Kaplan offers licensing education for the first three levels of licensure: IMPORTANT New AQB Requirements Effective January 1, 2015 Supervisor/Trainee Requirements New rules regarding supervisor and trainee/apprentice appraisers took effect January 1. As part of these new rules, both trainee and supervisory appraisers need to take a course covering the expectations and responsibilities in these roles. To learn more about the new supervisor and trainee requirements, visit Minimum Education Requirements The AQB has increased the minimum college level education requirements. To learn more about the increased college education requirements, visit CollegeChanges. LEVEL 1: Beginning s are not required to have previous appraisal experience and may only perform appraisal duties under the direct supervision of a Certified. This is the first step in your career as an appraiser. LEVEL 2: Licensed s are able to perform unsupervised appraisals of non-complex, one- to four-unit residential properties with a transaction value less than $1 million and complex one- to four-unit residential properties with a transaction value less than $250,000. This is the next step in the progression of your career as an appraiser. LEVEL 3: Certified Residential s are able to perform unsupervised appraisals of one- to four-unit residential properties without regard to transaction value or complexity. This is the most sought-after level of appraisal licensing for residential appraisers. LEVEL 4: Certified General s are able to appraise all types of properties. This license level is for appraisers who predominantly do commercial appraisals. The requirements include experience in non-residential assignments. Table of Contents Licensing Education Beginning Guide... 4 Beginning Licensing Education...5 Licensed Guide... 6 Licensed Licensing Education...7 Certified Residential Guide... 8 Certified Residential Licensing Education... 9 Continuing Education...10 Licensing Class Schedules...14 Continuing Education Class Schedules...15 Locations Denver 2220 S. Monaco Pkwy, Unit R Colorado Springs Call for specific location Thornton Call for specific location Call to Enroll Today! 3

3 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules 1 Complete Education Finish 75 hours of required education. Your -BY- Beginning Guide Level 1: The Beginning Education Essential Package 75 hours $899 Save Over $175 Become an and save money with Kaplan s Beginning Essential Package. Basic Appraisal Principles (30 hours) Basic Appraisal Procedures (30 hours) Hour National Uniform Standards (USPAP 15 hours) START 2 Identify Supervisor(s) Each appraiser must work under the direct supervision of a Certified. Establish that relationship early in the process and begin obtaining experience hours right away. Basic Appraisal Principles * 30 hours $399 Learn the essentials of real estate and appraisal, including real property concepts and characteristics, legal descriptions, forms of ownership, market value, economic principles, and more. You will also learn about important principles affecting property value, including social, economic, and environmental influences. Denver: October Basic Appraisal Procedures * 30 hours $399 Complete Supervisor/ Trainee Course 3 Before you can begin to log experience hours and apply to become a Licensed Residential, trainees must complete a state-approved supervisor/trainee course. This course does not count towards the AQB-required 75 hours. See page 10 for approved course. The second in a series of courses on appraisal basics, Basic Appraisal Procedures covers the procedures used to develop a real property appraisal. Through case studies and real world examples, you ll learn about the three valuation approaches necessary to reach an opinion of value. You ll also discover how to conduct a market analysis and prepare a property description. Sample test questions, review exams, and fill-in-the-blank glossary reviews will help raise your confidence going into the exam. Denver: October 23 & Hour National Uniform Standards (USPAP) * 15 hours $279 All real estate appraisers must comply with National USPAP regulations in accordance with the Financial Institutions Reform, Recovery, and Enforcement Act. Our nationally certified instructors help you interpret and clarify the USPAP performance standards. This course does not meet the 7-hour National USPAP Update CE requirement. See page 10 for the required update course. Denver: October Work Toward the Licensed Level Register for the Level 2 license upgrade education while you continue to obtain experience. Refer to the Level 2 section of this catalog for details on how to become a Licensed. FINISH * See page 14. Kaplan courses are timely, pertinent, and very professional. I would recommend any of the Kaplan courses to anyone. Robert L. Wagner 4 Call to Enroll Today! 5

4 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules START 1 Complete Education Your -BY- Licensed Guide Complete 75 additional hours of specified upgrade licensing education. Prerequisite: Beginning education courses. Level 2: Licensed Education Premium Package 75 hours + Exam Prep $1,099 Get licensed and save money with this complete package! Market Analysis and Highest and Best Use (15 hours) Residential Site Valuation and Cost Approach (15 hours) Residential Sales Comparison & Income Approach (30 hours) Residential Report Writing and Case Studies (15 hours) Exam Prep: Appraisal Review Crammer Bundle & Save $ Obtain Experience Complete 2,000 hours of appraisal experience under the direction of a supervisor during a minimum period of one year. New trainee and supervisor appraisers must complete a state-approved supervisor/trainee course. See page 10 for course dates. Submit Fingerprinting for Background Check A fingerprint-based background check must be completed through the Colorado Bureau of Investigation (CBI) before your license can be issued. Fingerprinting is available at our Denver location call for hours. Apply for Your License Apply for your license with the state and receive your letter of eligibility. Take the Exam Prep Course (optional) Register for Appraisal Review Crammer course (optional). Make sure you pass the Licensed Exam the first time! This optional course will build your test-taking skills to ensure that you do. Take the Exam Sign up for the Licensed Exam. Contact PSI, the testing service that provides state licensure exams, at or Obtain Error & Omissions Insurance Refer to the Colorado Department of Regulatory Agencies Division of Real Estate for policy requirements. Maintain Your License Kaplan Real Estate Education is here to provide you with everything you need to maintain your license. We offer CE and can also help you upgrade to the Certified Residential level. FINISH Essential Package 75 hours $999 Includes required education only (excludes exam prep). Market Analysis and Highest and Best Use * 15 hours $249 Uncover strategies to a credible market analysis and highest and best use conclusion. The first day spotlights how to collect, analyze, and draw conclusions from the market data. The second day focuses on the process of highest and best use, including how land use restrictions and economic considerations play a vital role in this analysis. Denver: August Residential Site Valuation and Cost Approach * 15 hours $249 Residential site valuation and cost approach to value theories and methodology finally become clear. This course covers it all, from basic concepts of land and value to data collection and analysis to deprecation to cost conclusions. In addition, methods of developing site value, calculating costs and depreciation, and summarizing final conclusions are practiced. Denver: September Residential Sales Comparison and Income Approach * 30 hours $429 Advance your career by accepting those tough appraisal assignments and venturing into the investment appraisal market. In this course, you ll work through several case studies to gain working knowledge of advanced adjustment techniques, appraising properties with limited comparable sales, and appraising properties with stigma. Denver: October Residential Report Writing and Case Studies * 15 hours $249 Discover the most effective writing and reasoning skills essential to developing credible appraisal reports. From basic report-writing fundamentals to communicating opinions and conclusions, this course covers it all. Learn the most common issues in appraisal reporting and understand what is necessary to be in compliance with USPAP. The URAR form is used throughout the course along with requirements of the Uniform Appraisal Dataset (UAD). Denver: November 9 10 Highly Recommended Exam Prep (Included in Premium Package) Exam Prep: Appraisal Review Crammer $145 (Included in Premium Package) The Appraisal Review Crammer course prepares students to pass their Licensed Residential and Certified Residential exams through a review of practical applications, terminology, and formulas. Denver: November * See page Call to Enroll Today! 7

5 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules START Complete Education Obtain Experience Your -BY- Certified Residential Guide Finish 50 additional hours of specified upgrade licensing education. Prerequisite: Beginning and Licensed education courses. To fulfill the mandated 2,500 hours of experience, complete an additional 500 hours of appraisal experience of complex assignments. The entire 2,500 hours of experience must be acquired in no fewer than 24 months. Beginning January 1, 2015, new trainee and supervisor appraisers must complete a state-approved supervisor/ trainee course. See page 10 for course dates. Submit Fingerprinting for Background Check A fingerprint-based background check must be completed through the Colorado Bureau of Investigation (CBI) before your license can be issued. Fingerprinting is available at our Denver location. Contact a customer service representative for available hours. Level 3: Certified Residential Education Mastering Unique & Complex Property Appraisals 20 hours $299 This course raises the appraiser s level of awareness of the scope of work involved with assignments other than the everyday single-family residential appraisal. From identifying what qualifies as a complex assignment, to the appraiser s ability to competently complete the assignment, to understanding the non-traditional methods and techniques used throughout the appraisal process to develop a valuation, this course covers it all. Property types, such as mixed-use, unusual, income-producing, and one-of-a-kind, are used within several case studies to reinforce the teaching. An HP12C calculator, or its equivalent, is recommended for this class. Students should be familiar with and bring to class their own financial calculator. Instructors will teach under the assumption that all students have the necessary knowledge to use their financial calculator. This course satisfies the elective course requirement from the AQB. Symptoms of a complex assignment Appraising complex sites Appraising complex residential property Appraising historic property Appraising mixed-use and small commercial property Denver: September Apply for Your License Apply for your license with the state and receive your letter of exam eligibility. Take the Exam Prep Course (optional) Register for Appraisal Review Crammer course (optional). Make sure you pass the Certified Residential Exam the first time! This optional course will build your test-taking skills to ensure that you do. Take the Exam Sign up for the Certified Residential Exam. Contact PSI, the testing service that provides state licensure exam, at or Obtain Error & Omissions Insurance Refer to the Colorado Department of Regulatory Agencies Division of Real Estate for policy requirements. Maintain Your License Kaplan Real Estate Education is here to provide you with everything you need to maintain your license. We offer a variety of Appraisal Continuing Education courses. FINISH To upgrade to become a Certified Residential in Colorado, you must also complete the following courses: Statistics, Modeling, & Finance 15 hours Advanced Residential Applications & Case Studies 15 hours Kaplan will be offering these courses in Highly Recommended Exam Prep (Included in Premium Package) Exam Prep: Appraisal Review Crammer $145 The Appraisal Review Crammer course prepares students to pass their Licensed Residential and Certified Residential exams through a review of practical applications, terminology, and formulas. The course content reflects current AQB curriculum guidelines and offers practical strategies, tips, and practice exams to build test taking skills. Through mastery of hundreds of questions, case studies, and the instructor s comprehensive knowledge review, the student will leave this course fully prepared for the exam. Denver: November Call to Enroll Today! 9

6 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules Colorado Continuing Education Required! National Uniform Standards (USPAP) 7 hours $149 USPAP changes are applied to daily practice, and the most common USPAP errors, deficiencies, and misconceptions are revealed! The morning session steps through revisions made to the new edition of USPAP using lecture and illustrations. The afternoon is primarily an interactive discussion between the instructor and students. Illustrations are used to reveal the most common USPAP errors, deficiencies, and misconceptions. In addition, actual state regulatory cases are reviewed. Each student will be issued a USPAP workbook and a full copy of the edition of USPAP that includes USPAP Advisory Opinions and USPAP Frequently Asked Questions. Students must have both books in class. This course fulfills the continuing education requirement that licensed and certified appraisers must complete a 7-hour update course on the Uniform Standards every two years. Why and how USPAP changes Rationale and impact of the changes to USPAP Applying the revisions to an appraiser s daily practice Common USPAP errors, discrepancies, and misconceptions Case studies from actual enforcement files Denver: September 18, October 6, November 5, December 17 Colorado Springs: October 21 Thornton: November 17 New Requirement for Supervisor & Trainee s Division of Real Estate s Trainee and Supervising Course 4 hours $59 Appropriately preparing trainee appraisers is imperative for ensuring the integrity and quality of the industry is upheld. It is the crucial responsibility of supervising appraisers to train, develop, and mentor these new professionals. This mentor relationship will produce competent, ethical appraisers who enhance public trust. The 2015 AQB Real Property Criteria requires that both supervising and trainee appraisers be educated regarding the expectations for these roles. This course meets the national and Colorado required content and outline for supervisory and trainee appraisers. This course also addresses the specific criteria that have been adopted by Colorado. Discussions revolve around the requirements, expectations, and responsibilities of both types of appraisers in order for trainees to gain experience credit. The AQB and its role in the appraisal profession Trainee appraiser expectations Supervisory appraiser requirements and expectations Colorado-specific definitions, rules, and expectations for trainees and supervisors FAQs and common errors in the supervisor and trainee relationship Denver: November 4 (8:30 am 12:30 pm), December 3 (8:30 am 12:30 pm) Colorado Appraisal Continuing Education Requirements All Colorado appraisal licensees are required to complete 42 hours of approved continuing education every three years. As part of this requirement, appraisers must take the 7-Hour National USPAP every other year. If you intend to upgrade from one license level to another, carefully choose your continuing education courses to make sure they qualify for BOTH continuing education and license level upgrade. License upgrade courses also qualify for continuing education (except exam prep). See pages 7 & 9 for upgrade courses. 2014/2015 Appraisal Market Pulse 7 hours $99 Find out which of the leading industry changes will impact your appraisal business in the coming year in this annual update course brought significant changes to the appraisal industry. In this course, we will go through the changes from 2013 and discuss what this means for appraisers. We will start with the Consumer Financial Protection Bureau (CFPB), who finalized many regulations that will impact lenders and the appraisal industry. Next, we will look at the anticipated changes from the Appraisal Standards Board (ASB) and Appraisal Qualification Board (AQB). The latest version of USPAP is in effect, and qualification changes are coming in Learn what impacts are coming with the appraisal and evaluation guidelines from the federal government. Overview of the 2014 version of USPAP Appraisal Subcommittee (ASC) update on state auditing Regulatory impacts from the CFPB and Dodd-Frank 2014 economic outlook Fannie Mae UAD and Appraisal Quality Monitoring Architectural style and design Denver: December 4 New! Appraising Distinctive Residential Properties 7 hours $99 Most appraisers have faced a difficult or distinctive residential property appraisal at some point in their careers. These appraisal problems can take many twists and turns and create numerous challenges in reaching an opinion of value. In this course, we will look at some of the areas that provide these challenges and discuss the different directions available to the appraiser to problem solve. This class looks at how to use all three appraisal methods to assist in developing adjustments and explores how techniques used in one method can support a conclusion in a different method. Students will discuss distinctive property assignments and various solutions that may be available to determine value. Problem identification and solving USPAP rules Client and user considerations Challenges in appraising distinctive properties Case studies Denver: December Call to Enroll Today! 11

7 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules Colorado Continuing Education New! Introduction to Commercial Appraising 7 hours $99 In this course, residential appraisers get a look into the world of non-residential appraising. The processes, data sources, appraiser peer actions, and reporting in commercial appraising is very different from residential appraisers. This course will provide the residential appraiser a look into these differences, including analyzing leases, the engagement process, highest and best use, capitalization rate derivation, and requirements of the Americans with Disabilities Act that impact the appraisal of commercial properties. Sources for commercial sales Research techniques Complex highest and best use analyses Cap rate derivation Narrative report formats Real-life case studies and examples Denver: November 6 Regression Analysis: Proving Beyond a Shadow of a Doubt 7 hours $99 Statistical methodology has rapidly become an appraiser s primary tool to support market analysis, adjustments, and valuation opinions! This course provides a basic understanding of a statistical method known as regression analysis. Regression modeling is a tool used to interpret consumer motivations, develop adjustments for the sales comparison approach, and reconcile the value of a property. This extra support for analyses and adjustments will aid appraisers in creating well-supported reports. The author of this course is a Certified General Real Property with over 20 years of experience. Students will be presented with straightforward and clear examples, illustrations, and case studies to help students understand the content of the course and translate it into their day-to-day appraisal practice. It is recommended that students bring an HP12C calculator to class. Regression analysis: what is it? Using regression analysis in the market analysis process Hand-in-hand analysis: quantitative and qualitative Using regression analysis to identify and support adjustments Valuation opinions supported through regression analysis Denver: September 17 Looking for Online Continuing Education? Complete your CE anytime, anywhere you have internet access. Visit for more information. New! Find the New Cheese: Introduction to Non-Lender Appraising 3.5 hours $59 Many appraisers are expanding their client base wouldn t you like to be one of them? With the Dodd-Frank Act of 2010 and Appraisal Management Companies controlling much of the residential appraisal side of the industry, many appraisers are expanding their client base. This course will introduce the appraiser to clients other than lenders and AMCs, as well as explain the nuances of completing these appraisals. Other clients include homeowners, real estate agents, lawyers, accountants, tax consultants, and small investors. Learn how things differ in the development and reporting process for nonlending clients, including reporting, engagement, payments, and terms of payment. Divorce appraisals Estate appraisals Property tax appeal appraisals IRS appraisals Case studies Denver: October 7 (1:00 pm 4:30 pm), December 3 (1:30 pm 5:00 pm) Judge and Jury: What Would You Do? * 3.5 hours $59 s have taken heat for the downfall of the real estate market and although much of the blame is unfounded, some complaints could have been avoided if the appraiser had followed these simple steps. This course will outline the most common complaints filed against appraisers and detail the very simple steps appraisers should follow to avoid finding themselves in hot water with state or other regulatory bodies. Students will learn how to avoid errors in the appraisal process and what supportive material must be retained in work files to be compliant for state or other investigations. Review topics from investigations are included to highlight common issues in the investigation process. These review topics are analyzed to determine what the appraiser could have done to avoid discrepancies and what the proper procedures are. Complaints about appraisers and who files them How the investigation process works Complaint statistics The most serious USPAP violations Common areas found to be noncompliant Case studies Denver: October 7 (8:30 am 12:00 pm) * Note: The author of this course is an AQB Certified USPAP Instructor and a Certified Residential in Colorado. Also, she is an approved work product reviewer for the State of Colorado. As a work product reviewer, confidentiality is required under USPAP as a peer reviewer and state confidentiality. Examples and case studies provided in the text have been modified to ensure confidentiality but maintained to provide students with a look into the process. Several appraisers who were under investigation were surveyed about the process. They agreed to respond, knowing their responses would remain anonymous. These appraisers are willing to share their experiences to help other appraisers avoid similar fates. 12 Call to Enroll Today! 13

8 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules Licensing Class Schedules Continuing Education Class Schedules All licensing classes are held at the Denver location (2200 S. Monaco Pkwy, Unit R). Level 1: Beginning Class Date Time Basic Appraisal Principles (30 hours) October Basic Appraisal Procedures (30 hours) October 23 & National Uniform Standards (15 hours) Division of Real Estate s Trainee and Supervising Course (4 hours) October November 4 or December 3 8:30am 12:30pm Colorado Continuing Education Class Date Time Location Regression Analysis: Proving Beyond a Shadow of Doubt September 17 8:30 am 4:30 pm Denver September 18 8:30 am 4:30 pm Denver October 6 8:30 am 4:30 pm Denver Judge and Jury: What Would you Do? October 7 8:30 am 12:00 pm Denver Find the New Cheese: Introduction to Non-Lender Appraising October 7 1:00 pm 4:30 pm Denver Level 2: Licensed Class Date Time October 21 8:30 am 4:30 pm Colorado Springs Market Analysis and Highest and Best Use (15 hours) August Division of Real Estate s Trainee and Supervising Course November 4 8:30am 12:30pm Denver Residential Site Valuation & Cost Approach (15 hours) September November 5 8:30 am 4:30 pm Denver Residential Sales Comparison & Income Approach (30 hours) October Introduction to Commercial Appraising November 6 8:30 am 4:30 pm Denver Residential Report Writing and Case Studies (15 hours) November 9 10 Appraisal Review Crammer (15 hours) November Level 3: Certified Residential Real Property Class Date Time Division of Real Estate s Trainee and Supervising Course Find the New Cheese: Introduction to Non-Lender Appraising November 17 8:30 am 4:30 pm Thornton December 3 8:30am 12:30pm Denver December 3 1:30 pm 5:00 pm Denver Mastering Unique & Complex Property Appraisals (20 hours) September /2015 Appraisal Market Pulse December 4 8:30 am 4:30 pm Denver Appraisal Review Crammer (15 hours) November Dates, times, and locations are subject to change. * This course has been approved by Colorado s Division of Real Estate and Board of Real Estate s for appraisal prelicensing education and appraisal continuing education. Kaplan Real Estate Education was granted and holds The Appraisal Qualifications Board (AQB) Course Approval Program (CAP) approval for Basic Appraisal Principles. Kaplan Professional Schools is an approved secondary provider for Basic Appraisal Procedures and for courses listed in Level 2 and 3 through Hondros Learning LLC, who holds the AQB CAP approval. These courses include a final exam. A passing grade on these exams is required to receive the completion certificate for both licensing and continuing education credit. Appraising Distinctive Residential Properties Dates, times, and locations are subject to change. December 16 8:30 am 4:30 pm Denver December 17 8:30 am 4:30 pm Denver 14 Call to Enroll Today! 15

9 Interested in an Appraisal Career? Beginning Licensed Certified Residential Continuing Education Class Schedules New Featured Course! Division of Real Estate s Trainee and Supervising Course 4 hours $59 For industry news and career advice visit the... KAPLAN careertoolbox MRKT