JANUARY JUNE 2018 COLORADO Appraisal Offered by Brightwood College, San Antonio (Ingram) LICENSING & CONTINUING EDUCATION is NOW Brightwood Real Estate Education NEW NAME. NEW LOOK. SAME GREAT EDUCATION.
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. CE REQUIREMENTS All licensees renewing on a two-year cycle shall complete 28 hours of real estate appraisal continuing education during the two-year period preceding expiration of the license. Once every two years, all licensees renewing a license shall complete the National Uniform Standards of Professional Appraisal Practice Update Course. Real estate professionals find that an extensive knowledge of real property appraisal gives them a distinct advantage over the competition. You ll possess new insights and skills making you more valuable to clients and also fulfill mandated continuing education requirements. Brightwood College, powered by Kaplan Appraisal Education, 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 license, we have courses to help you advance in your career. Appraisal Stages of Licensing: LEVEL 1: Beginning Appraisers are not required to have previous appraisal experience and may only perform appraisal duties under the direct supervision of a Certified Appraiser. This is the first step in your career as an appraiser. LEVEL 2: Licensed Appraisers are able to perform unsupervised appraisals of noncomplex, 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. Table of Contents Appraiser Licensing Education Beginning Appraiser Guide...4 Beginning Appraiser Education...5 Licensed Appraiser Guide...6 Licensed Appraiser Education...7 Certified Residential Appraiser Guide...8 Certified Residential Appraiser Education...9 Appraiser Continuing Education...10 13 Licensing Class Schedules...14 Continuing Education Class Schedules...15 LEVEL 3: Certified Residential Appraisers 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 Appraisers 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. LOCATIONS Brightwood College is approved and regulated by the Colorado Department of Higher Education, Private Occupational School Board (DPOS). (Main Campus) Colorado Springs Thorton 2200 S. Monaco Parkway, Unit R, CO 80222 Hotel Elegante 2886 S Circle Drive Colorado Springs, CO 80906 (Classroom location only, not staffed) Ramada Plaza 10 East 120th Avenue (Northglenn), CO 80233 (Classroom location only, not staffed) 2 www.kapre.com/coappraisal 3
YOUR -BY- GUIDE LEVEL 1 Beginning Appraiser Education 1 COMPLETE EDUCATION Finish 75 hours of required education. Essential Package 75 hours $1,199 Become an Appraiser and save money with our Beginning Appraiser Essential Package. BUNDLE & SAVE $128 2 IDENTIFY SUPERVISOR(S) Basic Appraisal Principles (30 hours) Basic Appraisal Procedures (30 hours) 2018-2019 National Uniform Standards of Professional Appraisal Practice (USPAP) Course (15 hours) 3 4 Each appraiser must work under the direct supervision of a certified appraiser in good standing. Establish that relationship early in the process and begin obtaining experience hours right away. COMPLETE SUPERVISOR/TRAINEE COURSE As you begin to log experience hours and apply to become a Licensed Residential Appraiser, trainees should complete a state-approved supervisor/trainee course. This course does not count towards the AQB-required 75 hours. See page 10 for approved course. WORK TOWARD THE LICENSED APPRAISER 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 Appraiser. Basic Appraisal Principles* 30 hours $499 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. Basic Appraisal Procedures* 30 hours $499 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. 2018-2019 National Uniform Standards of Professional Appraisal Practice (USPAP) Course * 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. This course has been submitted to the Colorado Department of Regulatory Agencies, Division of Real Estate. Its current status is approval pending. * See page 14 for course approval information, requirements, and schedule. 4 www.kapre.com/coappraisal www.kapre.com/coappraisal 5
YOUR -BY- GUIDE 1 2 3 4 5 6 7 8 COMPLETE EDUCATION Complete 75 additional hours of specified upgrade licensing education. Prerequisite: Beginning Appraiser education courses. 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 should complete a state-approved supervisor/trainee course. See page 10 for approved course. 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 location. Contact Student Support for available hours. OBTAIN ERROR & OMISSIONS INSURANCE Refer to the Colorado Department of Regulatory Agencies Division of Real Estate for policy requirements. 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 Appraiser 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 Appraiser Exam. Contact PSI, the testing service that provides state licensure exams, at 800.733.9267 or www.psiexams.com. MAINTAIN YOUR LICENSE We are here to provide you with everything you need to maintain your license. We offer Appraiser CE and can also help you upgrade to the Certified Residential Appraiser level. License upgrade courses can also be used for CE (except exam prep). Premium Package 75 hours + Exam Prep $1,399 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 Market Analysis and Highest and Best Use* LEVEL 2 Licensed Appraiser Education Essential Package 75 hours $1,299 Includes required education only (excludes exam prep). 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. Residential Site Valuation and Cost Approach* 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 depreciation to cost conclusions. In addition, methods of developing site value, calculating costs and depreciation, and summarizing final conclusions are practiced. Residential Sales Comparison and Income Approach: Concepts & Techniques * 30 hours $499 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. Residential Report Writing and Case Studies * 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). HIGHLY RECOMMENDED EXAM PREP (INCLUDED IN PREMIUM PACKAGE) Exam Prep: Appraisal Review Crammer $199 (Included in Premium Package) BUNDLE & SAVE $286 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. 6 www.kapre.com/coappraisal *See page 14 for course approval information, requirements, and schedule. 7
YOUR -BY- GUIDE 1 COMPLETE EDUCATION Premium Package 50 hours + Exam Prep $999 LEVEL 3 Certified Residential Appraiser Education Essential Package 50 hours $899 2 3 Finish 50 additional hours of specified upgrade licensing education. Prerequisite: Beginning Appraiser and Licensed Appraiser education courses. OBTAIN EXPERIENCE 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 should be acquired in no fewer than 24 months. Effective January 1, 2015, new trainee and supervisor appraisers should complete a state-approved supervisor/trainee course. See page 10 for approved course. 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 location. Contact Student Support for available hours. Register for level 3 packages and save! Statistics, Modeling, & Finance (15 hours) Advanced Residential Applications & Case Studies (15 hours) Mastering Unique & Complex Property Appraisals (20 hours) Exam Prep: Appraisal Review Crammer Statistics, Modeling, & Finance* Includes required education only (excludes exam prep). This course provides both the theory and practice of statistics, real estate finance, and valuation modeling for today s Certified Residential appraiser. The first half of the course outlines terminology and basic principles of statistics, including practical applications in statistical analysis. The second half presents an explanation of real estate markets, terms of financing, and real-world examples of how financing affects the value of real property. Advanced Residential Applications & Case Studies* BUNDLE & SAVE $287 4 5 6 7 OBTAIN ERROR & OMISSIONS INSURANCE Refer to the Colorado Department of Regulatory Agencies Division of Real Estate for policy requirements. 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 Certified Residential Appraiser Exam the first time! This optional course will build your test-taking skills to ensure that you do. TAKE THE EXAM This course is designed to elevate the appraiser s knowledge of challenging residential appraisal assignments and to develop the expertise to recognize and address those situations at the Certified Residential level. Topic areas focus on complex properties that include valuing unique and high-end residential dwellings. This course addresses these challenges through studies, including cost development, locational considerations, functional obsolescence, and data. Mastering Unique & Complex Property Appraisals* 20 hours $429 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. This course satisfies the elective course requirement from the AQB. HIGHLY RECOMMENDED EXAM PREP (INCLUDED IN PREMIUM PACKAGE) Sign up for the Certified Residential Appraiser Exam. Contact PSI, the testing service that provides state licensure exam, at 800.733.9267 or www.psiexams.com. Exam Prep: Appraisal Review Crammer $199 8 The Appraisal Review Crammer course prepares students to pass their Licensed Residential MAINTAIN YOUR LICENSE and Certified Residential exams through a review of practical applications, terminology, and formulas. The course content reflects current AQB curriculum guidelines and offers practical We are here to provide you with everything you need to maintain your license. We strategies, tips, and practice exams to build test-taking skills. Through mastery of hundreds offer a variety of Appraisal Continuing Education courses. of questions, case studies, and the instructor s comprehensive knowledge review, the student License upgrade course can also be used for CE (except exam prep). will leave this course fully prepared for the exam. 8 www.kapre.com/coappraisal 9 * See page 14 for course approval information, requirements, and schedule.
APPRAISER CONTINUING EDUCATION APPRAISER CONTINUING EDUCATION REQUIRED NEW! 2018 2019 7-Hour National Uniform Standards of Professional Appraisal Practice (USPAP) Update Course USPAP Manual Included 7 hours $189 USPAP Manual Not Included 7 hours $119 Learn the changes for the 2018-2019 USPAP and the how these changes affect daily appraisal practice. During the morning session, we will discuss the impact of the 2018-2019 USPAP changes and how these take place. These changes will be highlighted with discussion questions regarding applying the changes in daily appraisal practice. The afternoon session focuses on the common USPAP problems and issues. We will also base these discussions around different appraisal situations. Each student will be issued a 7-hour USPAP student workbook. The student has the choice of purchasing the 2018-2019 edition of USPAP along with the course OR bringing their own 2018-2019 USPAP book to class. Every student is REQUIRED to have a current copy of the 2018-2019 USPAP version during the course by the AQB. This course fulfills the continuing education requirement that licensed and certified appraisers must complete a 7-hour update course on the Uniform Standards of Professional Appraisal Standards every two years. Why and how USPAP changes are made Rationale for and impact of the 2018-2019 changes Common USPAP problems and issues Discussion of appraisal issues as related to USPAP. This course has been submitted to the Colorado Department of Regulatory Agencies, Division of Real Estate. Its current status is approval pending. Division of Real Estate Appraisers Trainee and Supervising Appraiser Course 4 hours $69 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 Appraiser 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. Appraising Today s Energy Efficient Homes 7 hours $119 Find your new niche! Understanding the real estate market as it relates to green building has made it more challenging to complete appraisals. With the increasing popularity of high-performance homes, you must become educated about the environment and the conservation of energy. Learn what s changing in the real estate industry regarding these important topics. What does energy efficient really mean? Appraiser challenges to appraising energy-efficient homes Types of energy-efficient construction What is an energy audit? Appraisal Report Form 820.04: Residential Green and Energy Efficient Addendum NEW! The Most Important Apps & Tech Items You Need Today 3.5 hours $69 Learn how to make technology work for you in this informative class beneficial for any appraisal or real estate professional. From online basics to the most cutting-edge applications, this course offers tech tips for nearly every stage of the appraisal process. Topics include blog basics, accounting software, cloud storage, and apps for pulling comps. It also discusses recordkeeping technology, the advantages of going paperless, and specific apps for improving photography. Covering the latest innovations with an eye to established practices, this course offers a valuable education for the tech-adverse, as well as the most digitally inclined. Principles of real estate appraisal Marketing and blog basics Spreadsheets and accounting software Management software and cloud storage MLS software and other apps for pulling comps Tech items for use in the field Going paperless More apps for completing an appraisal Open-source apps Apps for photographs Digital recordkeeping Passwords Workstations 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 10 www.kapre.com/coappraisal 11
APPRAISER CONTINUING EDUCATION APPRAISER CONTINUING EDUCATION Making Adjustments in an Appreciating Market: 12 Proven Strategies 7 hours $119 This course will unlock the mystery behind making adjustments and give you a fundamental understanding of how to make adjustments for the sales comparison approach to value. Take the guesswork out of the adjustment process by following these simple but proven sales comparison approach strategies. Trying to prove, or even offer support for, an adjustment can be a daunting task. And for the readers of the report, it can be even more frustrating because there may not be enough information available to understand how the appraisers arrived at their adjustment conclusion. This course will unlock the mystery behind making adjustments and give you a fundamental understanding of how to make adjustments for the sales comparison approach to value. Identifying when an adjustment is required How to properly determine an adjustment amount To what degree must an adjustment be applied Using appraiser judgment and experience Types of transactional adjustments Types of property adjustments Units of comparison Elements of comparison Strategies applied to both residential and commercial appraising NEW! Residential Appraisal Review and Uniform Standards of Professional Appraisal Practice (USPAP) Compliance Course (2018-2019) IMPORTANT: The 2018 2019 USPAP Manual is required to attend the Residential Appraisal Review and Uniform Standards of Professional Appraisal Practice (USPAP) Compliance Course. USPAP Manual Included 7 hours $189 USPAP Manual Not Included 7 hours $119 This 7-Hour Residential Appraisal Review and Uniform Standards of Professional Appraisal Practice (USPAP) Compliance Course has been developed by The Appraisal Foundation. This course is designed to aid real property appraisers seeking a better understanding of USPAP in conjunction with producing appraisal reviews that are USPAP compliant, as well as providing additional guidance to those appraisers whose work is being reviewed. What is an appraisal review? Qualifications of the review appraiser The USPAP connection Applying USPAP to review assignments Reviewer s responsibilities This course may not be taken in lieu of the 2018-2019 7-Hour National Uniform Standards of Professional Appraisal Practice (USPAP) Update Course. This course has been submitted to the Colorado Department of Regulatory Agencies, Division of Real Estate. Its current status is approval pending. Regression Analysis: Proving Beyond a Shadow of a Doubt 7 hours $119 Statistical methodology has rapidly become a widely recognized tool to support market analysis, adjustments, and valuation opinions! Many companies are selling data analysis services to the appraiser. USPAP requires an appraiser to be aware of, understand, and correctly employ those recognized methods and techniques to produce credible assignment results. The appraiser is required to understand the methodology and techniques used to create the results whether they are created by the appraiser or someone else. This course provides a basic understanding of the statistical method known as regression analysis. Students will be able to use their own laptops in class to help them understand how the data is gathered, sorted, and analyzed. Regression modeling is a tool appraisers can use to interpret consumer motivations, develop adjustments for the sales comparison approach, and reconcile the value of a property. This extra support for analysis and adjustments will aid appraisers in creating well-supported reports and documenting the support for the conclusions in their workfile. 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. How to Measure Real Property 4 hours $69 Real estate licensees, appraisers, assessors, builders, and contractors have specific methods used to measure and describe residential real property. In this engaging course, we ll clarify the standards and pinpoint common mistakes made in measuring property. You ll also learn the proper terminology and definitions that even the playing field between agents, appraisers, and lenders who use this value-laden information for many of the decisions made concerning a property. Property measurement language and definitions Geometry for big kids, including: size, shape, formulas, and math Nuances of styles and designs What to measure and how to measure it 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 12 www.kapre.com/coappraisal 13
LICENSING CLASS SCHEDULES CONTINUING EDUCATION CLASS SCHEDULES LEVEL 1: BEGINNING APPRAISER DATE(S) COURSE LOCATION TIME CLASS Date: Time: EVENING CLASS Date: EVENING CLASS Time: JANUARY Basic Appraisal Principles January 22-25, June 4-7 February 19-22, February 26-March 1 6:15 pm 10:00 pm January 18 2018-2019 7-Hour USPAP 8:30 am 4:30 pm Basic Appraisal Procedures 2018 2019 National Uniform Standards of Professional Appraisal Practice (USPAP) Course Division of Real Estate Appraisers Trainee and Supervising Appraiser Course LEVEL 2: LICENSED APPRAISER CLASS Residential Site Valuation & Cost Approach Market Analysis & Highest and Best Use Residential Site Valuation & Cost Approach Residential Sales Comparison & Income Approach: Concepts & Techniques January 26, 29-31, June 8, 11-13 February 1-2, June 14-15 February 6, June 19 Date: January 16-17 February 7-8 April 5-6 April 16-19 March 5-8, March 12-15 6:15 pm 10:00 pm March 19-22 6:15 pm 10:00 pm 8:30 am 12:30 pm March 27 6:00 pm 10:00 pm Time: FEBRUARY February 6 Division of Real Estate Appraisers Trainee and Supervising Appraiser 8:30 am 12:30 pm February 14 2018-2019 7-Hour USPAP Colorado Springs 8:30 am 4:30 pm February 16 MARCH Regression Analysis: Proving Beyond a Shadow of A Doubt 8:30 am 4:30 pm March 9 2018-2019 7-Hour USPAP Thornton 8:30 am 4:30 pm March 26 The Most Important Apps and Tech Items You Need Today 8:30 am 12:00 pm March 26 How to Measure Real Property 1:00 pm 5:00 pm March 27 APRIL Division of Real Estate Appraisers Trainee and Supervising Appraiser 6:00 pm 10:00 pm Residential Report Writing May 14-15 April 10 2018-2019 7-Hour USPAP 8:30 am 4:30 pm Appraisal Review Crammer March 22-23, June 28-29 April 20 Residential Appraisal Review and Uniform Standards of Professional Appraisal Practice (USPAP) Compliance Course (2018-2019) Colorado Springs 8:30 am 4:30 pm LEVEL 3: CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER CLASS Date: Time: Statistics, Modeling & Finance February 12-13 MAY May 3 Appraising Today s Energy-Efficient Homes 8:30 am 4:30 pm May 18 Making Adjustments in an Appreciating Market: 12 Proven Strategies Class Thornton 8:30 am 4:30 pm Advanced Residential Applications April 2-3 JUNE Mastering Unique and Complex Property Appraisals May 9-11 *Last day ends at 2:30 pm June 19 Division of Real Estate Appraisers Trainee and Supervising Appraiser 8:30 am 12:30 pm Appraisal Review Crammer March 22-23, June 28-29 June 26 2018-2019 7-Hour USPAP 8:30 am 4:30 pm 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 Appraisers for appraisal prelicensing education and appraisal continuing education. Brightwood College was granted and holds The Appraisal Qualifications Board (AQB) Course Approval Program (CAP) approval for Basic Appraisal Principles. Brightwood College 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. Dates, times, and locations are subject to change. Brightwood s offerings, outstanding instructors, and price make them a one-stop for my licensing and continuing education needs. Wendell E. 14 www.kapre.com/coappraisal www.kapre.com/coappraisal 15
is NOW Brightwood Real Estate Education NEW NAME. NEW LOOK. SAME GREAT EDUCATION. ENROLL TODAY www.kapre.com/coappraisal or call 888.394.2065 MKT 005791 REAL ESTATE EDUCATION POWERED BY 2200 S. Monaco Pkwy, Unit R, CO 80222