Real Estate Appraisal
An appraisal is an opinion of the quality, value or utility of a specific property. Appraisals are typically required whenever real estate is sold, mortgaged, taxes, insured or developed. Appraisers may be employed by financial institutions, government agencies, real estate service corporations or they may work independently. Individuals in a career as a Real Estate Appraiser must complete N.C. Appraisal Board approved "pre-qualifying" courses for each level of Real Estate Appraisal: Registered Trainee, Certified Residential or Certified General.
CPCC's James R. Worrell Sr. Financial Services Institute is approved by the N.C. Appraisal Board to offer the courses required to become a Registered Trainee. A Registered Trainee can complete appraisals that their supervising appraiser is authorized to perform.
The 90-hour curriculum to become a Registered Trainee consists of:
Basic Appraisal Principles (30 hours)
Basic Appraisal Procedures (30 hours)
Market Analysis and Highest and Best Use (15 hours)
The Uniform Standards of Professional Appraisal Practice (15 hours)