Appraisal

Appraisers are required to be licensed by the Division of Real Estate in order to perform mortgage loan appraisals in Ohio. Appraiser applicants must have a national criminal background check completed as part of the application process. Columbus State can help you start your appraisal education.

Catalog Description and Plan of Study

Here are the steps to becoming a licensed appraiser:

AT COLUMBUS STATE COMMUNITY COLLEGE:

1. State Registered Real Estate Appraiser Assistant:  A candidate must first complete a minimum of seventy-eight (78) pre-registration education hours to become a state-registered assistant.  Columbus State students may add other general education classes to this schedule. The plan of study for your first two quarters of technical courses will include 80 classroom hours.

Quarter	Courses	Credit Hours
1	APPR 1101 – Principles of Appraisal	2
2	APPR 1102 – Procedures of Appraisal APPR 1103 – USPAP & Fair Housing	2         1

 

AT A STATE-APPROVED EDUCATION PROVIDER OTHER THAN COLUMBUS STATE:

2.       State Licensed Residential Appraiser:

Category	College-Level Course Requirements1	Credit Hours	Work Experience
License 150 Classroom Hours (including previous 78)			2,000 Hours

 

3. Certified Residential Appraiser or Certified General Appraiser:

Certified Residential	In lieu of the required degree, Twenty-one (21) semester credit hours covering the following subject matter courses:  English Composition; Principles of Economics (Micro or Macro); Finance; Algebra, Geometry or higher mathematics; Statistics: Introduction to Computers – word processing and spreadsheets; and Business or Real Estate Law.	21 Semester Hours - Associate degree or higher.	500 Hours 2,500  Total
Certified General	In lieu of the required degree, Thirty (30) semester credit hours covering the following subject matter courses: English Composition; Micro Economics; Macro Economics; Finance; Algebra, Geometry or higher mathematics; Statistics; Introduction to Computers-word processing/spreadsheets; Business or Real Estate Law; and two (2) elective courses in accounting, geography; Ag-economics business management or real estate.	30 Semester Hours -Bachelor degree or higher.	500 Hours 3,000  Total

1 College-level courses and degrees must be obtained from an accredited college or university.
For more information regarding national education and experience requirements, please visit the Appraisal Foundation’s website at: www.appraisalfoundation.org or call 202.347.7722.

Columbus State can help you start your appraisal education. Here are the descriptions of the courses required to become a State-registered Appraisal Assistant:

APPR 1101: Principles of Appraisal, (2 credits=30 classroom hours). This introductory course to appraisal establishes a firm foundation for principles, concepts, and procedures for implementation of the valuation process.  Coverage includes the nature of value, basic appraisal principles, federal reserve system, real estate markets, data collection and analysis, site and improvement descriptions, requirements for Ohio appraiser licensing or certification and professional appraisal designations.

APPR 1102:  Procedures of Appraisal (2 credits) This course covers the entire spectrum of the valuation process, centering on detailed implementation of the three approaches to valuation and correlating to a final conclusion of value.

APPR 1103: USPAP and Fair Housing (1 credit). Course includes Uniform Standards of Professional Appraisal Practice and 3 hours Fair Housing requirement.

More Appraisal Course Descriptions

Costs include:

Tuition	$122.63. per semester credit hour (Ohio Resident)
Lab Fee	2. per course
Books	70. (used in all of these courses)
Registration fee	50.  (one-time fee if not paid previously)

Go to: www.ohiolmi.com for current appraisal job information.

Go to our website at www.cscc.edu to enroll at Columbus State Community College.
Call CSCC Real Estate Department at (614) 287-5397 if you have further
questions about Appraisal classes.