Applying Appraisal Standards for Competent Valuations
7 Hour Distance CE offered by OREP Education Network
Instructor: Timothy C. Andersen, MAI, MNAA, MSc, CDEI
Video-based online coursework (take the course online at your convenience).
$126
*OREP Members – $0
Course Description
Uncover nine different biases found in a real estate appraisal, define these biases, view samples of these biases, and become familiar with ways to avoid them.
Upon completion, students should clearly recognize that real estate appraisals and appraisal reporting periods must remain unbiased and objective.
Biases Covered in this CE Course:
- Cognitive Bias
- Confirmation Bias – MLS and Other Sources
- Selection Bias
- The Dunning-Kruger Effect as a Cognitive Bias
- Purchase and Sales Price Bias
- Anchoring Bias
- Calibration or Measurement Bias
- Price Adjustment Bias
- Racial Bias
Core Competencies:
- Overview of Bias in Real Estate Appraisal
- Introduction to the Types of Biases in Real Estate Appraisal
- Understanding These Biases
- Recognizing and Overcoming These Biases
- How USPAP helps Appraisers Avoid/Overcome Bias in both Appraising and Reporting
- The 14-points of USPAP and how these relate to Bias
- Developing the Appraisal in compliance with Standards 1 and reporting it in compliance with Standards 2
- Overview and Conclusions – Bonus Q&A Session with the Instructor and OREP Insurance Senior Broker, Isaac Peck
Follow these fast enrollment instructions:
1. Click the approved state below.
2. Add the course to your shopping cart.
3. Checkout with the secure payment processor.
4. Follow enrollment instructions in the email you receive after you complete your transaction.
| State Name | Approval number |
| Alabama | C03043 |
| Arizona | Course Number: 234 |
| Arkansas | OR008 |
| California | Approval #: 2410521012 |
| Connecticut | AAL.001292 |
| Delaware | REA-AC-091724-098851 |
| Idaho | Course ID: 1348656 |
| Kentucky | Approved by KREAB |
| Louisiana | A0009 |
| Maryland | Approved by the MD Commission of Real Estate Appraisers |
| Massachusetts | Approval # 1370008 |
| Michigan | 20-1244546 |
| Mississippi | MAB #50633 |
| Missouri | Approved by MO Real Estate Appraisers Commission |
| Nevada | CE.0009879-A |
| New Jersey | 2024-201 |
| North Carolina | Course 4679 |
| Ohio | 947400809A 24 |
| Oklahoma | Course 908 |
| Oregon | OREP-C-0924-0019 |
| South Carolina | Course Code: 2234 |
| Tennessee | 2827 |
| Texas | Course Number: 50506 |
| Utah | AC240902 |
| Virginia | Approved by Virginia Department of Professional and Occupational Regulation |
| Washington | A24023923 |
*OREP members, click here for more information on enrolling.