You are considering a career in appraising in ny state
Download
1 / 19

You are considering a Career in Appraising in NY State - PowerPoint PPT Presentation


  • 66 Views
  • Uploaded on

You are considering a Career in Appraising in NY State. The Appraisal Education Network School and Merrell Institute may be the school you are looking for. NY State has both Education and Experience for those considering a career in Appraisal. 90 hours of Education- This includes R-1 R-2

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' You are considering a Career in Appraising in NY State' - najila


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
You are considering a career in appraising in ny state

You are considering a Career in Appraising in NY State

The Appraisal Education Network School and Merrell Institute may be the school you are looking for


Ny state has both education and experience for those considering a career in appraisal
NY State has both Education and Experience for those considering a career in Appraisal

  • 90 hours of Education- This includes

  • R-1

  • R-2

  • AQ-1

  • USPAP


The courses are mandatory
The courses are mandatory considering a career in Appraisal

  • R-1 is 30 hours plus an exam

  • R-2 is 30 hours plus an exam

  • AQ-1 is 15 hours plus an exam

  • USPAP is 15 hours plus an exam

    All students must successfully complete all 4 courses and pass each exam- this is mandatory in NY State


Licensed appraiser assistant
Licensed Appraiser Assistant considering a career in Appraisal

  • The State requires the education we discussed to enter the field as a Licensed Appraiser Assistant.

  • There is NO state exam for assistants

  • There is NO experience requirement for Assistants

  • Assistants must possess a High School Diploma


Once you are in the field
Once you are in the Field considering a career in Appraisal

  • As an Assistant, you may consider:

  • Becoming Fully Licensed

  • Becoming Certified Residential

  • - - - - - -

  • You need 24 months of experience before you consider either choice above


New york state final exam
New York State Final Exam considering a career in Appraisal

  • There is a State test for both

  • Certified Residential -or-

  • Licensed

  • When you became an Assistant you received an admit card for the License State Exam


Ny state test continued
NY State Test- Continued considering a career in Appraisal

  • You cannot take the Certified Residential Exam unless you have successfully completed R-3 and R-4 and notified the state and requested an upgrade certificate

    Calling 518-474-4429 is the way to accomplish this upgrade- don’t wait- it takes weeks to receive the upgrade


Experience
Experience considering a career in Appraisal

  • License- 2000 hours over 24 months

  • Certified Residential- 2500 hrs over 24 months

  • The state determines the # of hours per assignment


Log of experience as an appraiser
Log of Experience as an Appraiser considering a career in Appraisal

  • You must submit a Log of your experience, which will be verified

  • The log must be in chronological order

  • Each page of the log must be signed

  • You must fill out a new application with al documentation to upgrade to either Certified Residential or Licensed in NYS


Appraiser continuing education
Appraiser Continuing Education considering a career in Appraisal

  • Continuing Ed is mandatory for all levels of Licensure

  • 28 hours of Continuing Education BEFORE you renew or upgrade

  • This must include the 7 hour USPAP Upgrade course


Keep good logs
Keep Good Logs considering a career in Appraisal

  • Work files must be maintained for a minimum of 5 years

  • Certificates of course completed must be retained as well

  • Proof is required if NYS audits you.

  • Those who violate the law are subject to revocation, fines and or suspensions


Do good and avoid evil
Do Good and Avoid Evil considering a career in Appraisal

  • The entire premise behind USPAP rules

  • The entire basis for a GOOD Appraisal

  • Temptation is always there for an Appraiser. Only strong, honest, credible Appraisers will be able to withstand the temptation. Money, Power, Greed!


What is an appraisal
What is an Appraisal? considering a career in Appraisal

  • An opinion of value, as of a specific date, for a specific purpose, use and client which will result in a credible and defensible estimate

    Sounds simple but it is a real job!


8 steps to a valid appraisal

1. Define the Assignment considering a career in Appraisal

2. Determine Data to be used

3. Analyze Data

4. Highest and Best Use

5. Site Valuation

6. Approaches- Sales, Cost and Income

7. Final Reconciliation

8. Reporting Value

These are the 8 steps needed for a credible appraisal and report

8 Steps to a Valid Appraisal


Uspap uniform standards

1. Develop an Appraisal considering a career in Appraisal

2. Communicate an

Appraisal

3. Review an Appraisal

4. Develop Consultation Appraisal

5. Communicate Consultation Appraisal

6. Develop/Communicate a Mass Appraisal

7. Develop a Personal Property Appraisal

8. Communicate Personal Property Appraisal

9. Develop a Business Appraisal

10. Communicate a Business Appraisal

USPAP- Uniform Standards


This was designed to give you a taste of the profession
This was designed to give you a Taste of the Profession considering a career in Appraisal

  • If you are Serious of entering the Profession, you must attend courses are a reputable school.

  • We hope you select Us!

  • Appraisal Education Network School

  • 631-563-7720

  • www.merrellinstitute.com


Ready for a career education is the key
Ready for a Career-Education is the Key! considering a career in Appraisal

631-563-7720

Appraisal Education Network School

1461-16 Lakeland Avenue

Bohemia, NY 11716

Bill C. Merrell, Ph.D-

School Director


Success can t be guaranteed
Success can’t be guaranteed… considering a career in Appraisal

  • No one can guarantee success!

  • Hard work is needed to achieve any meaningful level of success in a Profession!

  • You must determine if you are willing to succeed.


Appraisal education network school and merrell institute

Appraisal Education Network School –and- Merrell Institute considering a career in Appraisal

1461-16 Lakeland Avenue

Bohemia, NY 11716

631-563-7720

Fax: 631-563-7719

www.merrellinstitute.com


ad