New state board exam

[dirt devil]

I took an failed the new AL State Board Exam. Any suggestions on how to pass it.

 

[wickedness1]

Are you speaking of the new AQB Certified Exam? Or is this a different exam?

 

[friendbrook]

It's a tough exam -- I took it twice and passed the second time around. I worked with learnappraising.com and compucram.com. You have to know USPAP really well -- I borrowed this book from my local library, Fundamentals of real estate appraisal / William L. Ventolo, Jr., Martha R. Williams ; Dennis S. Tosh, William B. Rayburn. Excellent resource book. And of course know those definitions! But now that you have taken the test you have a feel for how it "runs" -- second time should be easier!

 

[wickedness1]

I took mine this past week and passed the first time.

Passing requires a TON of studying. You must understand all the approaches to value inside & out. You have to know all the math and you especially have to know all the definitions.

I found that Learnappraising.com was good for the math while CompuCram was good for the sentence structure (of the questions) and definitions.

You MUST pay careful attention to what the questions are asking. For example it might give you an annual income and annual expenses and then ask you for the Monthly Gross Rent Multiplier. Of couse they will give you both answers.

You have to know all the legal descriptions and how to figure out how big lots are using those legal description. You have to know USPAP (of course)

I studied for 2 1/2 weeks, 5-8 hours per day. I made about 600 notecards / flashcards to go over definitions and formula's.

 

[seanhollis]

appraising residential properties from appraisal institute. know it and alabama exam is not bad. passed 1st try.