A minimum of 7 classroom hours of the 28 classroom hours of instruction must be completed in courses or seminars that are approved as uniform standards instruction. The first reporting period of the revised continuing education requirements is the renewal year 2001. Continuing education verification documents are not required for the 2000 renewal . The new edition of the uniform standards is available from the Department. The rules will be mailed free of charge to anyone requesting a copy.
Comparable verification is one of the most important aspects in appraising a property.
However, little time is seemingly spent on teaching appraisers about this important aspect of the appraisal process. Incorrect comparable information can be as misleading as incorrect subject information. Specific data from comparables is needed in each of the three appraisal approaches. Comparable data is used to derive adjustments for value influencing property characteristics, to isolate meaningful units of comparison, to analyze capitalization rates, and to measure accrued depreciation. If the adjustments are extracted from a large enough data sample of verified comparables, it gives the appraiser an essential component in appraisal judgement, which can not be achieved without verified comparables.