Certified Appraiser Exam - Need Help

[Koryanakin]

Hello all,

I have been going through the AI exam questions and have been consistently getting 95% of all questions correct. Are the appraisal institute questions comparable the ones on the actual exam? I am trying to gauge my readiness, as my exam is in two days.

I was going through the compucram prep course, but some of the questions were written so poorly I decided to use it only for the flashcards.

Any insight is appreciated!

 

[sputnam]

If you are getting 95% right on practice questions, you will almost certainly pass the exam. It's pass/fail and I think ou only need 70% or better to pass. So.... relax, get some rest.

 

[frobro]

i thought it was a 75 or 80 you needed, but it has been a couple years since I took it. I did the same thing and used compucram for flash cards and did the stevewilliamson exam prep and was able to pass on my first attempt. I did study for a couple of months and just did practice questions over and over. It sounds like you are on the right track.

 

[Will41]

Make sure you can get a 90% + on all the Compucram quizzes & tests. This is the one for $149.
Get the Hondros Review Crammer book and take all the tests and quizzes.
Get the AI Practice Examination Questions for Real Estate Appraisers. This is the hardest one by far.
Write the definitions and formulas in the Hondros book on index cards and study.
Also, practice using the HP-12c until you pass for everything.
Steve Williamson exam prep is not worth it. Don't waste your money.
Good luck!
Did you pass?

 

[Koryanakin]

Thank you all! I passed last Friday, and only took 1.5 out of the allotted 4 hours.

To anyone in the future that is looking for guidance on the exam, do not waste time with CompuCram. I paid the $150 for it and hardly used it, due to poorly written questions. Just search Quizlet for flashcards if you don't have a good grasp on real estate topics and terms. Purchase the AI study questions, and then study the ones you get wrong. I studied the AI questions for 2-3 days before the exam. Buy an hp12c for the exam and give yourself a week to get familiar with the calculator. It can save a LOT of time on the exam if you know how to use it efficiently.

Many of the questions on the exam take up the full page and are chalked full of information you do not need. Start by finding the specific question the problem is asking you to solve, and then find the relevant information needed to solve it. Know your cost approach and income approach, as these areas seemed to be more heavily focused on than the sales comparison approach. The exam isn't easy, but it's certainly not as bad as everybody makes it out to be, assuming you have a decent grasp on how to correctly appraise properties.

 

[Tom D]

not that i did this, but put the appraisal definitions pages in your back pocket. might help with 1 question when you go to the bathroom. we didn't have cell phones. when the 1st certification test came i was one of the last to take it. whenever someone took it (PA) i would ask them what was on it. the one question that came up that i had never heard of, even with the classes was, regression/progression is in relationship to the house value, compared to the majority of homes in the area.

 

[Mike Kennedy]

Thank you all! I passed last Friday, and only took 1.5 out of the allotted 4 hours.

To anyone in the future that is looking for guidance on the exam, do not waste time with CompuCram. I paid the $150 for it and hardly used it, due to poorly written questions. Just search Quizlet for flashcards if you don't have a good grasp on real estate topics and terms. Purchase the AI study questions, and then study the ones you get wrong. I studied the AI questions for 2-3 days before the exam. Buy an hp12c for the exam and give yourself a week to get familiar with the calculator. It can save a LOT of time on the exam if you know how to use it efficiently.

Many of the questions on the exam take up the full page and are chalked full of information you do not need. Start by finding the specific question the problem is asking you to solve, and then find the relevant information needed to solve it. Know your cost approach and income approach, as these areas seemed to be more heavily focused on than the sales comparison approach. The exam isn't easy, but it's certainly not as bad as everybody makes it out to be, assuming you have a decent grasp on how to correctly appraise properties.

Congrats on a job well done - welcome to the "Fray".

 

[Koryanakin]

Congrats on a job well done - welcome to the "Fray".

Thank you sir!

 

[Alsie35]

Thank you all! I passed last Friday, and only took 1.5 out of the allotted 4 hours.

*SNIP*

That is the most impressive thing I've read on these boards in awhile. You must have a mind for math if you could whip through it that quickly.

Congratulations and welcome to the "Big Time".