Exam

[Ruben Ramon]

Also, keep in mind that the ability to use a financial calculator is almost a must. Also, you must pass each section by I believe its 70%. You can pass all the sections 100%, and fail only one section, and your still a Limited.

 

[acero97989]

Who told you this?

Who told you this Ruben? I can't seem to find this stated anywhere?


You can pass all the sections 100%, and fail only one section, and your still a Limited.

 

[David Molenaar]

I have listed below the Exam Content Outline effective 01/01/2008. This is right from the Appraisal Foundation and AQB

1. Influences on RE Value 5% (for all 3 tests)
2. Legal Consideration 5% (for lic & CR), 4% (CG)
3. Types of Value 5% (lic & CR), 6% (CG)
4. Economic Principles 5% (Lic & CR), 6% (CG)
5. RE Market & Analysis 4% (lic & CR), 5% (CG)
6. Property Description, 11% (lic & CR), 10% (CG)
7. Highest & Best Use, 9% for all 3
8. Math & Statistics, 3% (lic & CR) 4% (CG)
9. Sales Comp Approach, 15% (lic & CR), 10% (CG)
10. Site value, 5% (lic & CR), 4% (CG)
11. Cost Approach, 9% (lic & CR), 6% (CG)
12. Income Approach, 7% (lic & CR) 15% (CG)
13. Valuation of partial interest, 1% for all 3
14. Standards & Ethics, 16% (lic & CR), 15% (CG)

I hope that this answers any questions about the new test. If you have any other questions, please reply or contact me.

Dave Molenaar, SRA, RAA, CRA
Chair, State Board of Real Estate Appraisers

 

[David Molenaar]

Notice: The AQB Appraiser Examinations no longer contain Michigan items so the MI Appraisers Laws & Rules Book has been removed from the Candidate Information Bulletin. You can still order this book by calling the PSI online store at 866-589-3088, or go to the website at www.psionlinestore.com.

• For Appraiser examinations: Candidates need to bring their own financial calculator. One is not available at the test center. Candidates may not share a calculator.

• Changes in Real Property Appraiser Examinations The Appraiser Qualifications Board will update the National Uniform Licensing and Certification Examinations effective July 1, 2008 and with the changes in the examinations, revise the scaled passing score to 75 from 100. The change in the scaled passing score was implemented to increase understanding of the meaning of the scaled scores. Scores around 75 have been historically accepted as representing passing.

• On the previous version of the examinations, if candidates received a score greater than 75, but less than 100, they would have failed. On the updated examinations any scaled score of 75 or greater is passing. It is important to understand that this change does not mean the passing scores are being lowered. A scaled score of 75 on the updated examinations is equivalent to a scaled score of 100 on the previous examinations. Scaled scores can range from 0 to 150, with 75 representing passing.

 

[acero97989]

so they didn't make it easier to pass?