The Moore Group, Inc

The Moore Group, Inc. A Nebraska Post Secondary Career School Moore Appraisal Education, LLC is owned and operated by The Moore Group, Inc. Nebraska Real Property Appraiser Qualifying Education Catalog

Mailing Address: The Moore Group, Inc. 3460 S 17th Street, Lincoln, NE 68502-4807

Telephone: 402-770-8605 Email: [email protected] Website: www.MooreEducation.com

Officers: Bradford K. Moore [email protected] Diane L. Moore [email protected]

The Nebraska Real Property Appraiser Board and the Nebraska Department of Education govern the real property appraisal education activities of The Moore Group, Inc.

Catalog #: 2018-02 Published: 2/02/2018 Table of Contents Page

1 Nebraska Appraiser Education Tracks 3 – 5 Program Objective 3 Nebraska Appraiser Experience Requirements 6 Nebraska Appraiser Scope of Practice 6 Class Schedule & Location 7 Course Information 8 - 17 Course Description Course Objectives Course Outline Registration Form 18 School policies 19 – 20 Registration Procedures 19 Confirmation 19 Entrance Requirements 19 Enrollment Periods 19 Attendance 19 Withdrawals – Refund Policy 19 School Cancellation 19 Satisfactory Completion 19 Completion Certificates 19 Examination Failure 19 Final examination retakes 19 Grounds for Dismissal 19 Complaint Procedure 20 Placement Assistance 20 School Facilities and Equipment 20 Transfer of hours/credits 20 General Information 20

Program: Real Property Appraiser Qualifying Education The objective of this program is to provide individuals with the opportunity to complete specific appraisal education courses required by the Nebraska Real Property Board and The Appraisal Foundation’s Appraiser Qualifications Board (AQB) in order to obtain a Real Property Appraiser credential. The required college level courses are NOT offered by The Moore Group, Inc.

Nebraska Appraiser Education Tracks The following is a brief summary of the education requirements.

2 For optional education path (degree in real estate from an accredited college/university that has had all or part of its curriculum approved by the AQB) see Title 298 NAC 2-27-2017. For complete information it is important to contact the Nebraska Real Property Appraiser Board (NRPAB) at 402-471-9024. The NRPAB website is: www.appraiser.ne.gov Trainee Appraiser Title 298NAC 1.01 A.1 2-27-2017 To obtain credential: 75 hours of qualifying education required + a 7-hour Supervisory/ Trainee Appraiser course [Additional information is on the NRPAB website: www.appraiser.ne.gov] Courses required: Basic Appraisal Principles 30 hours Basic Appraisal Procedures 30 hours National USPAP Course 15 hours Plus: a Supervisory Appraiser and Trainee Appraiser training course 7 hours

Supervisory Appraiser All “supervisory appraisers” must be in good standing and hold a “Certified” appraiser credential. “Supervisory Appraiser” is not a credential, but a title given to those appraisers who meet the qualifications and have been approved by the Nebraska Real Property Appraiser Board (NRPAB) to supervise a Trainee Appraiser. [Additional information is on the NRPAB website: www.appraiser.ne.gov] Courses required: Supervisory Appraiser and Trainee Appraiser training course 7 hours

Licensed Residential Appraiser (LR) Title 298NAC 1.02 A.1 2-27-2017 To obtain credential: 150 hours qualifying education required [Additional information is on the NRPAB website: www.appraiser.ne.gov] Courses required: Basic Appraisal Principles 30 hours Basic Appraisal Procedures 30 hours National USPAP Course 15 hours Residential Market Analysis & Highest and Best Use 15 hours Residential Site Valuation & Cost Approach 15 hours Residential Sales Comparison & Income Approaches 30 hours Residential Report Writing & Case Studies 15 hours College Level education requirements: College Level education requirements: Associate’s degree, or higher from an accredited degree-awarding university, college or community college or; have successfully completed, as verified by the Board, 30 semester hours of coursework or its equivalent from an accredited, degree-awarding university, college, or community college that shall have included: (1) At least two courses with a focus in English, grammar, writing , research, reporting and/or public speaking. (2) At least one course with a focus in economics. (3) At least ne course with a focus in finance or accounting. (4) At least one course with a focus in algebra, geometry, or higher mathematics, which does not include a college program deficiency course or a college entrance prerequisite course. (5) At least one course with a focus in statistics. (6) At least one course with a focus in word processing. (7) At least two courses in business, law, marketing, or management education. (8) At least one course not intended to develop art, music, and/or athletic skills. Education required to obtain a Licensed Residential credential if individual already holds a Trainee appraiser credential: 75 hours Residential Market Analysis & Highest and Best Use 15 hours Residential Site Valuation & Cost Approach 15 hours Residential Sales Comparison & Income Approaches 30 hours Residential Report Writing & Case Studies 15 hours College Level education requirements: College Level education requirements: Associate’s degree, or higher from an accredited degree-awarding university, college or community college or; have successfully completed, as verified by the Board, 30 semester hours of coursework or its equivalent from an accredited, degree-awarding university, college, or community college that shall have included: (1) At least two courses with a focus in English, grammar, writing , research, reporting and/or public speaking. (2) At least one course with a focus in economics. (3) At least ne course with a focus in finance or accounting. (4) At least one course with a focus in algebra, geometry, or higher mathematics, which does not include a college program deficiency course or a college entrance prerequisite course. (5) At least one course with a focus in statistics. (6) At least one course with a focus in word processing. (7) At least two courses in business, law, marketing, or management education. (8) At least one course not intended to develop art, music, and/or athletic skills. Nebraska Appraiser Education Tracks The following is a brief summary of the education requirements. For optional education path (degree in real estate from an accredited college/university that has had all or part of its curriculum approved by the AQB) see Title 298 NAC 2-27-2017. For complete information it is important to contact the Nebraska Real Property Appraiser Board (NRPAB) at 402-471-9024.

3 The NRPAB website is: www.appraiser.ne.gov

Certified Residential Appraiser (CR) Title 298NAC 103 A.1 2-27-2017

To obtain credential: 200 hours qualifying education required [Additional information is on the NRPAB website: www.appraiser.ne.gov]

Courses required: Basic Appraisal Principles 30 hours Basic Appraisal Procedures 30 hours National USPAP Course 15 hours Residential Market Analysis & Highest and Best Use 15 hours Residential Site Valuation & Cost Approach 15 hours Residential Sales Comparison & Income Approaches 30 hours Residential Report Writing & Case Studies 15 hours Advanced Residential Applications & Case Studies 15 hours Statistics, Modeling & Finance 15 hours Appraisal Elective 20 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Education required to obtain Certified Residential credential if individual already holds a Trainee appraiser credential: 125 hours Residential Market Analysis & Highest and Best Use 15 hours Residential Site Valuation & Cost Approach 15 hours Residential Sales Comparison & Income Approaches 30 hours Residential Report Writing & Case Studies 15 hours Advanced Residential Applications & Case Studies 15 hours Statistics, Modeling & Finance 15 hours Appraisal Elective 20 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Education required to obtain a Certified Residential credential if individual already holds a Licensed Residential appraiser credential: 50 hours Advanced Residential Applications & Case Studies 15 hours Statistics, Modeling & Finance 15 hours Appraisal Elective 20 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Nebraska Appraiser Education Tracks The following is a brief summary of the education requirements. For optional education path (degree in real estate from an accredited college/university that has had all or part of its curriculum approved by the AQB) see Title 298 NAC 2-27-2017. For complete information it is important to contact the Nebraska Real Property Appraiser Board (NRPAB) at 402-471-9024. The NRPAB website is: www.appraiser.ne.gov

4 Certified General Appraiser (CG) Title 298NAC 104 A.1 2-27-2017 To obtain credential: 300 hours qualifying education required [Additional information is on the NRPAB website: www.appraiser.ne.gov]

Courses required: Basic Appraisal Principles 30 hours Basic Appraisal Procedures 30 hours National USPAP Course 15 hours General Appraiser Market Analysis & Highest and Best Use 30 hours General Appraiser Site Valuation & Cost Approach 30 hours General Appraiser Sales Comparison Approach 30 hours General Appraiser Report Writing & Case Studies 30 hours General Appraiser Income Approach 60 hours Statistics, Modeling & Finance 15 hours Appraisal Elective 30 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Education required to obtain Certified General credential if individual already holds a Trainee appraiser credential: 225 hours General Appraiser Market Analysis & Highest and Best Use 30 hours General Appraiser Site Valuation & Cost Approach 30 hours General Appraiser Sales Comparison Approach 30 hours General Appraiser Report Writing & Case Studies 30 hours General Appraiser Income Approach 60 hours Statistics, Modeling & Finance 15 hours Appraisal Elective 30 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Education required to obtain Certified General credential if individual already holds a Licensed Residential appraiser credential: 150 hours General Appraiser Market Analysis & Highest and Best Use 15 hours General Appraiser Site Valuation & Cost Approach 15 hours General Appraiser Sales Comparison Approach 15 hours General Appraiser Report Writing & Case Studies 15 hours General Appraiser Income Approach 45 hours Statistics, Modeling & Finance 15 hours Appraisal Elective 30 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Education required to obtain Certified General credential if individual already holds a Certified Residential appraiser credential: 100 hours General Appraiser Market Analysis & Highest and Best Use 15 hours General Appraiser Site Valuation & Cost Approach 15 hours General Appraiser Sales Comparison Approach 15 hours General Appraiser Report Writing & Case Studies 10 hours General Appraiser Income Approach 45 hours College Level education requirements: Bachelor’s degree or higher (in any field) from accredited college or university.

Requirements for gaining credit for Real Property Appraisal experience The NRPAB has adopted the following board policy: Appraisal experience obtained for credentialing as a Licensed Residential, Certified Residential, or Certified General Real Property Appraiser must be acquired as a credentialed Real Property Appraiser as of January 1, 2014. Credentialing as a Real Property Appraiser is not required for any experience obtained prior to January 1, 2014.

5 Nebraska Appraiser Experience Requirement

The following is a brief summary of the current experience requirements as of January 1, 2014. For complete information it is important to contact the Nebraska Real Property Appraiser Board (402-471-9024).

Trainee Appraiser None/Direct supervision by a Certified Appraiser.

Licensed Residential Appraiser 2,000 hours over a minimum of 12 months.

Certified Residential Appraiser 2,500 hours over a minimum of 24 months.

Certified General Appraiser 3,000 hours over a minimum of 30 months.

Nebraska Appraiser Scope of Practice

Trainee Appraiser The appraisal of those properties which the supervising certified appraiser is permitted by his/her credential and that the supervising appraiser is qualified and competent to appraise.

Licensed Residential Appraiser The appraisal of non-complex property having 1, 2, 3 or 4 residential units with a transaction value less the $1,000,000 and complex property having 1, 2, 3 or 4 residential units with a transaction value less the $250,000.

Certified Residential Appraiser The appraisal of 1, 2, 3 or 4 residential units without regard to transaction value or complexity.

Certified General Appraiser Competency.

A student may take any specific appraisal course from any approved provider (school). It is not compulsory that any one provider (school) be used exclusively for a student’s required appraiser education. However, an individual course must be started and completed with the same provider (school). Credit for the classroom hours attended with one provider (school) cannot be transferred to a different provider (school) to complete a specific course. Fulfillment of the education requirements for a specific appraiser credential is determined by the Nebraska Real Property Appraiser Board and not any provider (school).

Successful completion of course requires 100% attendance; and successful completion of the final examination. 2017 Class location: Best Western Plus, 2201 Wildcat Dr., Lincoln, Nebr. For hotel reservations call: 402-438-0088 Class schedule and tuition is subject to change. Qualifying Education Class Schedule. Registrations for all the courses listed below, must be received by the school no later than six business days prior to the first day of class.

6  Basic Appraisal Principles (Required for Trainee, LR, CR & CG Credentials) o NRPAB approval #: 1171418.04 30 hours Tuition: $579 Offered: February 6 – 7 & 13 – 14, 2018 8:00am – 4:30 pm

 Basic Appraisal Procedures (Required for Trainee, LR, CR & CG Credentials) o NRPAB approval #: 1151408.04 30 hours Tuition: $579 Offered: February 20 – 21 & 27 – 28, 2018 8:00am – 4:30 pm

 National USPAP Course, 2018-2019 15-Hour (Required for Trainee, LR, CR & CG Credentials) o NRPAB approval #: 1181101.04 15 hours Tuition: $449 Offered: March 13 – 14, 2018 8:00am – 4:30 pm

 Residential Market Analysis & Highest and Best Use (Required for LR & CR Credentials) o NRPAB approval #: 1171419.04 15 hours Tuition: $389 Offered: March 27 – 28, 2018 8:00am – 4:30 pm

 Residential Site Valuation & Cost Approach (Required for LR & CR Credentials) o NRPAB approval #: 1171420.04 15 hours Tuition: $389 Offered: April 17 – 18, 2018 8:00am – 4:30 pm

 Residential Sales Comparison & Income Approaches (Required for LR & CR Credentials) o NRPAB approval #: 1141403.04 30 hours Tuition: $594 Offered: May 1 – 2 & 8 – 9 , 2018 8:00am – 4:30 pm

 Residential Report Writing & Case Studies (Required for LR & CR Credentials) o NRPAB approval #: 1171421.04 15 hours Tuition: $389 Offered: June 5 – 6, 2018 8:00am – 4:30 pm

 Statistics, Modeling & Finance (Required for CR & CG Credential) o NRPAB approval #: 1141402.04 15 hours Tuition: $475 Offered: September 25 – 26, 2018 8:00am – 4:30 pm

 Advanced Residential Applications & Case Studies (Required for CR Credential) o NRPAB approval #: 1171417.04 15 hours Tuition: $389 Offered: December 4 – 5, 2018 8:00am – 4:30 pm

 Mastering Unique & Complex Property Appraisal (Elective. Could be used for CR or CG Credential) o NRPAB approval #: 1131411.04 20 hrs *Not currently scheduled – Watch for in the 1st quarter of 2019 Supervisor/Trainee Class Schedule  Nebr. Supervisor & Trainee Appraiser Course (Required for Trainee credential & for Supervisors) o NRPAB approval #: 3171301.04 7 hours Tuition: $229 Offered: March 20, 2018 8:00am – 4:00 pm

Course Information

A student may take any specific appraisal course from any approved provider (school). It is not compulsory that any one provider (school) be used exclusively for a student’s required appraiser education. However, an individual course must be started and completed with the same provider (school). Credit for the classroom hours attended with one provider (school) cannot be transferred to a different provider (school) to complete a specific course. Fulfillment of the education requirements for a specific appraiser credential is determined by the Nebraska Real Property Appraiser Board and not any provider (school).

Basic Appraisal Principles (Required for Trainee, LR, CR & CG Credentials) NRPAB approval #: 1171418.04 30 hours qualifying education

7 Course Description: The Basic Appraisal Principles course provides an overview of real property concepts and characteristics, legal considerations, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal. Through theory, case studies, and examples, this course offers practical application of appraisal principles. Drill problems and short case study allow students to put into practice the techniques presented in the course. An examination is given at the completion of the course. Objectives:  Recall the fundaments of the appraisal profession and process.  Identify real property rights, improvements, characteristics, and legal descriptions.  Describe the various types of estates associated with real property.  Explain types of ownership of real property.  Describe governmental and private controls over real property.  Describe the legal instruments used when transferring, conveying, and leasing real property.  Recall types of real estate value and forces that influence value.  Explain economic principles and market fundamentals.  Recognize the basics of a real estate market analysis.  Identify ethical principles and acceptable standards of appraisal practice. Course Outline:  Day 1 o Introduction and Overview o Overview of Appraisal o Real Property Concepts and Characteristics o Estates in Real Property o Real Property Ownership  Day 2 o Controls and Encumbrances on Ownership o Transfer of Interests – Instruments and Agreements o Concepts and Types of Value  Day 3 o Concepts and Types of Value (continued) o Influences on Real Estate Values o Economic Principles and Applications o Overview of Market Fundamentals  Day 4 o Overview of Market Fundamentals (continued) o Overview of Real Estate Market Analysis o Application of Ethical Principles o Final Examination – successful completion requires a score not less than 70%.

Basic Appraisal Procedures (Required for Trainee, LR, CR & CG Credentials) NRPAB approval #: 1151408.04 30 hours qualifying education Course Description: The basic appraisal course provides an overview of real property valuation procedures, the approaches to value and residential applications. This course also explores real property analysis and description, including land and site description, improvement construction, and property inspection. The course provides an overview of appraisal reporting, including appraisal reporting forms most commonly used by residential appraisers. Through theory, case studies, and examples, the course offers practical application of appraisal procedures. For this course, it is required that the student bring a calculator to class. Objectives:  Demonstrate a basic knowledge of real property concepts and appraisal procedures.  Demonstrate a basic understanding of developing the approaches to value.

8  Gain working knowledge of residential appraisal application.  Gain a general understanding of residential construction and property description  Identify significant appraisal reporting obligations for residential appraisal reporting. Course Outline:  Day 1 o Introduction and Overview o Appraisal Development and Reporting o Property Analysis and Description – Land  Day 2 o Property Analysis and Description – Improvements o Overview of the Sales Comparison Approach  Day 3 o Overview of the Income Approach o Overview of the Cost Approach and Final Reconciliation o Overview of Land and Site Valuation  Day 4 o Real World Residential Appraisal Applications o Overview of Reporting Forms o Final Examination – successful completion requires a score not less than 70%.

National USPAP Course, 2018-2019 15-Hour (Required for Trainee, LR, CR & CG Credentials) NRPAB approval #: 1181101.04 15 hours qualifying education Course Description: This course focuses on the requirements for ethical behavior and competent performance by appraisers that are set forth in the Uniform Standards of Professional Appraisal Practice (USPAP). This course is unique in that it is developed by The Appraisal Foundation and is revised on a periodic basis. The course material emphasizes the role of the appraiser and impartiality associated with this role. Specific responsibilities of the appraiser with regard to impartiality are explored in detail. In addition to lectures, the course includes illustrations that show how USPAP applies in situations that appraisers encounter in everyday practice. These examples address issues frequently experienced by appraisers as professionals in the appraisal of real property, personal property, and business or intangible assets, and in appraisal review. This course is designed to aid appraisers seeking competency in USPAP, in all areas of appraisal practice including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers. USPAP has been endorsed and adopted by major appraisal organizations in the United States. As required by federal law, USPAP must be used by states in their real estate appraiser certification programs. Objectives:  Demonstrate awareness of the history of the development of the appraisal profession and USPAP.  Recognize the importance of maintaining public trust in the appraisal profession and USPAP.  Identify the structure of USPAP.  Recognize the relationship between the organization of USPAP and the appraisal process.  Recognize the appraisal process provides a model for solving appraisal problems, regardless of whether the subject is real property, personal property, or intangible, property  Identify key terms defined in USPAP.  Recognize how these terms relate to USPAP concepts and principles.  Recognize the difference between valuation services and appraisal services.  Recognize that the purpose of USPAP is to promote and maintain a high level of public trust in professional appraisal practice. Continued on page 10…

Continued….National USPAP Course, 2016-2017 15-Hour  Recognize that USPAP established minimum requirements for professional appraisal practice.  Recognize that an individual must comply with USPAP when required by law, regulation or agreement, and should comply with USPAP when representing oneself as an appraiser.  Recognize within USPAP that being an appraiser is established by expectation and obligation, not by an individual’s credentials.  Recognize that the appraiser has a professional responsibility to identify the capacity in which he or she is performing.  Recognize that an appraiser acting in another role outside appraisal practice must ensure that intended users are not misled as to the individual’s role in providing that valuation service.  Identify the three sections of the ETHICS RULE (Conduct, Management, and Confidentiality).  Identify the ethical obligations relating to development and communication of assignment results.

9  Recognize workfile requirements, minimum retention periods for workfiles, and custody or retrieval arrangements for workfiles.  Recognize the components of competent performance (knowledge and experience necessary to competently complete an assignment).  Identify the competency requirements that must be met.  Recognize that identification of the problem to be solved provides the appraiser with the basis for determining the type and extent of research and analysis to include in the development of assignment results.  Recognize that determining the scope of work is an ongoing process in an assignment, and the scope of work must include research and analyses that are necessary to develop credible assignment results.  Recognize the disclosure obligations required in the SCOPE OF WORK RULE.  Recognize the applicability of the JURSDICTIONAL EXCEPTION RULE.  Recognize the correlation between STANDARD 1 and the appraisal process.  Recognize the objective of the development process is to form opinions and conclusions in an ethical and competent manner.  Recognize that an appraiser must perform any and all analyses necessary for credible assignment results.  Identify the assignment elements that must be analyzed in order to identify the problem to be solved in the appraisal assignment.  Identify the two real property appraisal written report opinions, and recognize that the report type must be prominently stated.  Recognize the essential differences between the written report options.  Recognize the elements that must be addressed in the report options.  Recognize a signed certification is an integral part of the appraisal report, as the signed certification evidences an appraiser’s recognition of his/her ethical obligations.  Apply the Rules to the situations presented in the Discussion Examples. Course Outline:  Day 1 o Introduction o Introduction to USPAP . History of Appraisal Standards . The Appraisal Foundation . The Appraisal Subcommittee . State Appraiser Licensure and Certification Agencies . The Structure of USPAP . USPAP and the Appraisal Process o Definitions o PREAMBLE and When USPAP Applies o ETHICS RULE, RECORD KEEPING RULE and COMPETENCY RULE o SCOPE OF WORK RULE . Problem Identification . Disclosure Requirements o JURISDICTIONAL EXCEPTION RULE  Day 2 o STANDARD 1 o STANDARD 2 o STANDARD 3 & 4 o STANDARDS 5 – 10 o Advisory Opinions o FAQ’s o Examination Final Examination – successful completion requires a score not less than 74%.

Nebr. Supervisor Appraiser & Trainee Appraiser Course v.2018-19 (Required for Trainee credential & for Supervisory appraisers) NRPAB approval #: 3171301.04 7 hours supervisor/trainee education Course Description: While not a “Qualifying Education” course this course fulfills the NRPAB’s January 1, 2015 requirement for individuals to successfully complete 7 hours of training specifically for Supervisory Appraisers and Trainee Appraisers in order to become a Supervisory Appraiser or a Trainee Appraiser. This course will provide an overview of topics that are of particular importance to Supervisory Appraisers and Trainee Appraisers. These topics include information regarding: Overview of qualification and credentialing entities (AQB & NRPAB); Overview of qualifications for appraiser credentials; Overview of USPAP; Qualifications and expectations for supervisory appraiser; Qualifications and expectations for trainee appraisers; Overview of NRPAB enforcement process. Objectives:

10 o Gain an understanding of: o USPAP (Ethics, Competency, Scope of Work, and Record Keeping Rules. Standards1 & Standard 2) o AQB minimum qualifications for becoming and remaining a Supervisory Appraiser; o NRPAB qualifications for becoming and remaining a Supervisory Appraiser; o AQB minimum qualifications for becoming a Trainee Appraiser; o NRPAB minimum qualifications for becoming and remaining a Trainee Appraiser; o Processes and roles of the AQB and the NRPAB involved in establishing qualifications for credentialed appraisers; o Expectations and responsibilities of being a Supervisory Appraiser; o Expectations and responsibilities of the Trainee Appraiser; o Qualifications to become a credentialed appraiser; o Basics of the Uniform Standards of Professional Appraisal Practice (USPAP); o Responsibilities and requirements of a Supervisory Appraiser in maintaining and signing all appropriate Trainee Appraiser experience logs; o Responsibilities and requirements of a Trainee Appraiser’s role in maintaining and signing all appropriate Trainee Appraiser experience logs; and o Nebraska State Law and regulations that pertain to the Nebraska Real Property Appraiser Board Course Outline: o Introduction o Qualification and Credentialing Entities . Overview of The Appraisal Foundation . Overview of the Nebraska Real Property Appraiser Board (NRPAB) o Law o Rules and Regulations . Overview of Professional Appraiser Organizations . Qualifications for Appraiser Credentials o AQB Qualifications o NRPAB Qualifications . Overview of USPAP o Ethics Rule o Competency Rule o Scope of Work Rule o Records Keeping Rule o Standard 1 o Standard 2 o Overview of Supervisory Appraiser Requirements, Expectations and Responsibilities o AQB o NRPAB o Overview of Trainee Appraiser Requirements, Expectations and Responsibilities o AQB o NRPAB o Overview of the Nebraska Real Property Enforcement Process o Final Examination – successful completion requires a score not less than 70%.

Residential Market Analysis & Highest and Best Use (Required for LR & CR Credentials) NRPAB approval #: 1171419.04 15 hours qualifying education Course Description: Identifying and analyzing market forces affecting the buyers’ and sellers’ behavior, is key to understanding and reporting values. This course is designed to give students the tools needed to property collect and analyze market data. Markets, sub-markets, market segmentation, supply side analysis, demand analysis and the importance of market analysis to the appraisal process are covered in the first half of this course. The second half focuses on the theory of Highest and Best Use. The two-step analysis along with the four tests for Highest and Best

11 Use are covered in detail. Drill problems and a short case study allow students to put into practice the techniques presented in the course. An examination is given at the completion of the course. For this course, it is required that the student bring a calculator to class. Objectives: o Demonstrate a basic knowledge of market fundamentals and market analysis. o Demonstrate a basic understanding of supply side analysis and demand side analysis. o Gain a general understanding of highest and best use. o Gain a general understanding of how to consider, test, and apply highest and best use. Course Outline:  Day 1 o Introduction and Overview o Real Estate Market Analysis o Defining the Market o Analyzing the Market o Drawing Conclusions from the Market  Day 2 o Highest and Best Use o Land Use Restrictions o Economic Considerations o Final Highest and Best Use Analysis o Final Examination – successful completion requires a score not less than 70%.

Residential Site Valuation & Cost Approach (Required for LR & CR Credentials) NRPAB approval #: 1171420.04 15 hours qualifying education Course Description: This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for performing residential site valuation and developing the cost approach in appraisal practice. Various costing methods will be discussed and applications of the cost approach in residential appraising will be examined. The important distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at accepted methods for estimating accrued depreciation. An examination is given at the completion of the course. For this course, it is required that the student bring a calculator to class. Objectives: o Demonstrate a basic knowledge of valuation principles vital to the site valuation and the cost approach. o Apply the principle of highest and best use in the valuation of land and site o Recognize various types of data that are analyzed and applied in land and site valuation. o Differentiate the various types of legal descriptions critical to land and site valuation and how to interpret those descriptions. o Distinguish and calculate various valuation methods for developing opinions of value for land and site valuation. Course Outline:  Day 1 o Introduction and Overview o Basic Concepts of Land and Value o Data Collection and Analysis o Site Valuation o Reasons for Separate Site Valuation  Day 2 o The Cost Approach to Appraisal o Calculating Costs o Depreciation and Final Cost Conclusions o Final Examination – successful completion requires a score not less than 70%.

Residential Sales Comparison & Income Approaches (Required for LR & CR Credentials) NRPAB approval #: 1141403.04 30 hours qualifying education Course Description: This course is designed to provide the student with a comprehensive knowledge of the development and application of the sales comparison approach and the income approach in residential appraisal assignments. The course begins with how the fundamental principles of valuation and appraisal standards apply to an assignment in which the sales comparison and/or income approach is relevant in the scope of work, and

12 details the development steps in the appraisal process through reconciliation. As part of the progression, the student will become acquainted with accepted methodology and techniques that can be applied in the assignment using the sales comparison and/or income approaches. Included and emphasized, through numerous illustrations and application case studies, are choosing comparable data, derivation and application of adjustments for various elements, derivation and application of rates of capitalization, and the logic and rationale applied during reconciliation. Also included is an introduction to the HP 12c financial calculator as well as a discussion about using the sales comparison and income approaches in special situations. An examination is given at the completion of the course. For this course, it is required that the student bring a financial calculator (highly recommend the HP-12C) to class. Objectives:  Recognize how the fundamental valuation principles interact with the sales comparison and income approaches  Relate how the performance obligations of USPAP apply.  Identify the type and source of data required for the analysis and how the data is classified and chosen  Illustrate accepted valuation sales comparison and income approach methods and techniques, distinguish their common applications, and properly apply them for problem solving.  Reconcile indications produced by the sales comparison and income approaches.  Discover special situations in which the sales comparison and income approaches are applied.  Demonstrate the functions of a financial calculator and how they are used for appraisal calculations. Course Outline:  Day 1 o Introduction and Overview o Introduction to Sales Comparison and Income Methodologies o Sales Comparison Analysis – Data Identification and Analysis o Sales Comparison Analysis – Adjustments and Reconciliation  Day 2 o Sales Comparison Analysis – Adjustments and Reconciliation (continued) o Introduction to Financial Calculators  Day 3 o Introduction to Financial Calculators (continued) o Introduction to Income Fundamentals o Income Analysis  Day 4 o Income Analysis (continued) o Using the Sales Comparison and Income Approaches in Special Situations o Final Examination – successful completion requires a score not less than 70%.

Residential Report Writing & Case Studies (Required for LR & CR Credentials) NRPAB approval #: 1171421.04 15 hours qualifying education Course Description: This course is deeply rooted in appraisal professional standards and best practices of an appraiser when communicating the opinions and conclusions of a residential appraisal. The course commences with a detailed discussion of USPAP Rules and the reporting options permitted by STANDARD 2. Appraisal writing skills are then overviewed along with several examples of how the reasoning of an appraiser is expressed

13 in typical appraisal reporting situations. Common reporting issues are then explored to illustrate the level of detail required in appraisal commentary so that appraisal reports are clear and not misleading (or fraudulent). Finally, the most common residential appraisal reporting form, the Uniform Residential Appraisal Report (URAR), will be fully illustrated along with the requirements of the Uniform Appraisal Dataset (UAD). The course concludes with an overview of several of the most common residential appraisal forms. Within each section of the course are numerous compelling case studies to assist reinforcement of learning. An examination is given at the completion of the course. For this course, it is required that the student bring a calculator to class. The current version of USPAP is recommended for reference during this course. Objectives: o Describe USPAP appraisal reporting requirements. o Explain the level of content and detail necessary in compliance of the USPAP reporting options permitted by Standard Rule 2-2 as well as to address the needs of intended users. o Apply reasoning skills for composing expanded explanation of certain reporting elements. o Recall common appraisal reporting issues that appraisers must manage. o Describe the processes for reporting appraisal information of the URAR and Market Conditions Addendum. o Demonstrate proper data entry of required fields that conform to the UAD for appraisal submission. Course Outline:  Day 1 o Appraisal Reporting and USPAP Compliance o Effective Writing and Reasoning Skills in Appraisal Reporting. o Common Issues in Appraisal Reporting  Day 2 o Common Issues in Appraisal Reporting (continued) o Residential Appraisal Reporting Forms o Case Studies o Overview of Other Common Appraisal Forms o Final Examination – successful completion requires a score not less than 70%.

Advanced Residential Applications & Case Studies (Required for CR Credential) NRPAB approval #: 1171417.04 15 hours qualifying education Course Description: Advanced Residential Applications & Case Studies has been written to address the inevitable challenging residential appraisal assignment that the residential appraiser will face - either occasionally or even frequently. These assignments are often identified as properties that are complex in nature, ones for which there is a lack of ideal data, have unique improvements, or innumerable other challenging circumstances. In such cases, traditional appraisal methods may not work - or at least, not work in the same way as in a commonplace appraisal assignment. Advanced Residential Applications & Case Studies elevates student appraisers’ knowledge and develops the expertise to recognize and address challenging assignments at the Certified Residential level. Necessary skills for these challenging assignments include analyzing and interpreting market conditions as they relate to appropriate adjustments for market conditions, location, distance, physical characteristics, etc. Advanced Residential Applications & Case Studies addresses these challenges with study including cost development, locational considerations, functional obsolescence, and data identification/quantification issues Objectives: Learn o To define and understand a challenging assignment. o That some assignments require non-traditional appraisal methods. o How to perform a challenging appraisal assignment in light of assignment conditions. o To recognize challenging assignments in their own market. o The difference between a challenging assignment and an increased scope of work. o How to judge competency. o How to gain competency. o How the complexities of an assignment can change with the definition of value. o The application of and conflicts with various key principles, concepts, and theories. o How to extract an adjustment for a non-conforming amenity. o How the three approaches to value are used in challenging appraisal assignments. o Selection of comparable sales based on comparative or competitive appeal. o To use judgment and logic within the value range in final determination and reconciliation. Continued on page 15… Continued…. Advanced Residential Applications & Case Studies o The types of assignments that necessitate the use of the cost and income approaches. o How conclusions from multiple approaches to value can be combined . o By example, how to use combined results for a final conclusion. o How to structure commentary and choose the report type so that it is clear and understandable.

14 o How the definition of value determines how the appraiser proceeds and concludes. o To appropriately choose the proper appraisal technique. o That utility of a property feature limits its contribution. o Methods of determining conversion costs. o How to choose comparable sales in the challenging assignment. o To determine the appropriate adjustment for a unique feature. o Ways of explaining the scope of work performed. o Methods of appraising an unusual physical segment. o Which approaches are most meaningful in such an untypical assignment. o How to perform a rental analysis. o How to establish an adjustment from interpreting market data. o Recognition of determining vacancy rates and expenses/reserves. o How to develop a capitalization rate in unusual circumstances. o The importance of concise commenting. o That ownership control has a strong impact on value. o How to collect and analyze data for a unique property. o Methods for determining and addressing market conditions . o How to determine the comparability of markets. o How to use sales from comparable markets for a location adjustment. o Proper methods for applying adjustments. o To use logic and theory in the final determination of value. o How to compose meaningful commentary. Course Outline:  Day 1 o Introduction and Overview o Recognizing the Challenging Assignment . Problem Identification and the Assignment . Complex Properties . Laws, Regulations and Other Assignment Conditions Applicable in a Challenging Assignment . Ownership Interests . Market Conditions o Should I be Here … What If I Decide to Stay? . Challenging Assignments vs. Increased Scope of Work . The Issue of Competency . Competency and Assignment Acceptance o Foundational Concepts and Principles . Key Concepts . Types of Value . Vital Characteristics of Value . Highest and Best Use . Anticipation . Balance . Change . Conformity . Contribution  Day 2 o Value Conclusions, Reconciliations, and Reporting . Sales Comparison Approach . Cost Approach . Income Approach . Combining Approaches . Reporting Style and Format o Over-improved Residential Properties o Ownership of a Physical Segment of a Common Property o Adjusting for Market Conditions and Location o Final Examination – successful completion requires a score not less than 70%.

Statistics, Modeling & Finance (Required for CR & CG Credential) NRPAB approval #: 1141402.04 15 hours qualifying education Course Description:

15 The valuation of real property and the appraisal process are part art, part science. On one hand, since every property is unique, the “art” of applying sound judgment is a required skill in situations where limited data is available. And, on the other hand, when data is sufficient the “science” of statistics can provide concrete guidance when making adjustments to value. For the appraiser, understanding the delicate balance between “art” and “science” is key to providing accurate values to clients. Statistics, Modeling, and Finance, equips appraisers to successfully incorporate the use of statistics into their appraisals. It provides by the theory and practice of statistics, real estate finance, and valuation modeling for today’s residential appraiser. The first half of the text outlines terminology and basic principles of statistics, including practical applications in statistical analysis. The second half presents real estate markets, terms of financing, and real-world examples of how financing affects the market value of real property. The study of statistics is presented in a clear, logical format and teaches not only why statistics are important in appraisal work, but also how to apply the various analysis methods to it. An examination is given at the completion of the course. For this course, it is required that the student bring a financial calculator (HP-12C is recommended) to class Objectives: Learn about . The historic nature of the “science”, the foundation theories and the many factors that contribute to reliability. • How statistical analysis will improve the quality of their work product; and the various and appropriate uses for statistical analysis. . How to identify when statistical analysis may provide misleading results; and the different types of data. • About the 6 functions of $1 tables & the HP12c; and how to calculate a mean, median and mode. • The difference between data selection and collection; and the use of certain parameters to check data dispersion. • How to calculate Standard deviations; and the importance of verifying the sample data selection to the population. • How to draw conclusions based on the data analyzed. . The application of statistics to Sales Comparison Approach, the Cost Approach, and the Income Approach. • The theory behind simple regression and the theory behind multiple regression. • The strength and weaknesses of the approach. • The purpose and uses for AVMs. • How to use statistical analysis and techniques via drill problems and case studies. • The direct correlation between the financing terms and the price offered. • How general economic trends influence the market; and how local economic conditions are reflected in sale prices of comparables. • The origins of the U.S. Government’s involvement in financing real property. • The difference between government and private secondary market participants. • How the government’s direct and indirect involvement impacts the valuation process. • How long mortgage interests are established. • How to differentiate and analyze the many different types of loans used to finance real property. • How to calculate the effects of pre-paid interest and points on the APR; and the basic theory behind time value of money. • Two methods for solving each of the six functions of a dollar. By use of tables, and with the use of a HP12c calculator, learn the process to identify and adjust for seller financing in residential properties. • The process to identify and adjust for seller financing in commercial properties--how yields are affected by borrowed funds. • How the investment rate is tied to the yield and whether the leverage is positive or negative. • By exercises, drill problems and case studies how to apply the principle of TVM to practical applications. Course Outline:  Day 1 o What-Why-When: . What is the Science of Statistics? . Why are Statistics Important to the Appraiser? . When Should You NOT USE Statistical Analysis? o The Measurement of Central Tendency o Gathering Data and Checking Dispersion o Using Data to Draw Conclusions o Theory of Regression Modeling o Practical Application and Case Studies in Statistical Analysis  Day 2 o Introduction to Real Estate Finance o Government Influences of Real Estate o Types of Loans o Compound Interest: The Six Functions of a Dollar o Financing Terms Analysis o Skill Building o Final Examination – successful completion requires a score not less than 70%.

16 Mastering Unique & Complex Property Appraisal (Elective. Could be used for CR or CG Credential) NRPAB approval #: 1131411.04 20 hours qualifying education Course Description: Mastering Unique & Complex Property Appraisal will raise the level of awareness of the scope of work involved with assignments other than the everyday single-family residential appraisal. Property types discussed include: Mixed-use, Unusual, Income-producing, and One-of-a- kind. This course includes significant case study work. Objectives: . To better understand how an assignment can become complex and considerations of appraiser competency. . Recognizing when an assignment is complex and how to proceed in the appraisal process . . Learning how to apply accepted methodology and techniques in a non-traditional manner for unique and complex properties. . Creating awareness of how data collection and analysis requires specialized knowledge of specific and general data. . Understanding how unique and complex properties require the application of appropriate non-traditional valuation methods and techniques. . Mastering how good logic and judgment are required in thinking through the rationale during the analysis process. Course Outline:  Day 1 o Complex Symptoms . Definition of the Problem . Scope of Work . Reporting o Appraising Complex Sites . Addressing Sites with Unusual Characteristics . Sales Comparison Approach . Income Approach . Combined Valuation Methods . Other Considerations . Appraising Physical Segments of a Larger Parcel . Properties Having Excess Site with Sell-Off Potential . Appraising Sites with Non-structural or Specialty Features  Day 2 o Appraising Unique and Complex Residential Properties . Complex Properties . Accepting an Assignment for a Unique Property . Application of the Approaches to Value . Determining a Discount Factor for Style and Appeal . Cost Approach and Income Capitalization Approach . Analysis Conclusions . Exploring Other Types of Unique Properties . Other Complex Residential Assignments . Case Study o Appraising Historic Residences – Historical, or Just an Old House? . Architectural Styles . Appraiser Competency and Resources . Valuation Methodology in Historic Homes . Approaches to Value o Appraising Mixed-Use and Small Commercial Properties . Highest and Best Use . General Commercial District . Mixed-Use Properties . Small Commercial Properties . Sales Comparison Approach . Income Capitalization Approach . Cost Approach . Reconciliation and Final Value Estimate o Final Examination – successful completion requires a score not less than 70%.

17 Registration Form for payment with a check. To pay with a credit card, register on-line. Go to www.MooreEducation.com and click on “COURSES”.

Moore Group, Inc. / Moore Appraisal Education, LLC

Please allow adequate time for mail delivery. All course registrations must be received by Moore Appraisal Education, LLC no later than six (6) business days prior to the first day of class. For questions, call 402 770 8605.

Mail your completed registration form with a check for the tuition to: The Moore Group, Inc. 3460 S 17th St., Lincoln, NE 68502

Student Information

Name:______Last 4 digits of social security no.:______

Student address: ______

______

Telephone #______

Email address (required for confirmation letter/receipt):______

Current appraiser credential: Certified General (CG); Certified Res. (CR); Licensed Res.(LR); Trainee (T); None: ______

Class Information

Course title: ______

Location______

Date: ______Tuition: $______

Please submit one registration form for each class.

Registration will NOT be accepted without payment in full.

Tuition $______

Signature______

Enclose check with registration form. Mail to: The Moore Group, Inc. 3460 S 17th St., Lincoln, NE 68502-4807

To pay with credit card go to www.MooreEducation.com and click on COURSES.

18 School Policies Registration Procedures Students must register for each course/class separately. Registration will not be accepted without payment in full.

Confirmation: If registration is completed on-line (from www.MooreEducation.com), the confirmation of enrollment with receipt for payment is emailed to the student immediately. If registration is mailed to the school, confirmation of enrollment with receipt for payment will be emailed to student approximately one week before the first day of class. Entrance Requirements: There are no entrance requirements. The school strongly recommends that the Basic Appraisal Principles and the Basic Appraisal Procedures be completed before any of the other courses. Enrollment Periods: A completed registration form must be submitted to The Moore Group, Inc. Registrations for courses must be received by the school no later than six business days prior to the first day of class. Enrollments after that date may be accepted at the discretion of the school. No enrollment is permitted after the class has started.

Attendance Attendance for 100% of the class is required.

Withdrawals – Refund Policy Withdrawals must be submitted in writing to The Moore Group, Inc. Withdrawals can be emailed to The Moore Group at [email protected], Monday through Friday 8:00 am – 4:00 pm CT. (The School is closed on Saturday and Sunday.) Withdrawals received within three days of registration will be refunded in full. Withdrawals received after three days of registration but before the class begins will receive a refund of all tuition paid except a registration fee not to exceed $150.00 as per State Statute. No refunds will be issued for withdrawals received after class begins. Refunds will be issued within 30 days following receipt of withdrawal.

School Cancellation The School reserves the right to cancel any class at any time and will refund in full.

Satisfactory Completion Students must pass the final examination. Students must be in attendance for 100% of class. Completion Certificates: Completion certificates will be emailed or mailed to the student approximately one week after successful completion of the class. Students are responsible for maintaining their own certificates and submitting the certificates to the appropriate regulatory body.

Examination Failure If the course final examination is not successfully completed, notice will be sent to the student approximately one week after the examination. This notice will contain information pertaining to the time frame in which the final examination must be successfully completed. Final examination retakes: If the National Uniform Standards of Professional Appraisal Practice course final examination is not successfully completed, the student will have two additional opportunities to retake the final examination. In the case of all other qualifying education courses and the T, if the final examination is not successfully completed, the student will have one additional opportunity to retake the final examination. Scheduling a final examination retake: To schedule a final examination retake, contact The Moore Group, Inc. by phone or email (402) 770-8605 [email protected]

Grounds for Dismissal Disruptive or abusive behavior during a course will be grounds for dismissal from the course in its entirety. Dismissal will be at the discretion of the instructor or school official.

School Policies

19 Complaint Procedure Complaints can be submitted to the school at the end of the class on the course/instructor evaluation from. Complaints can also be mailed to The Moore Group, Inc. (3460 S 17th Street, Lincoln, NE 68502) at any time. Complaints can be sent to the Program Director of Private Post secondary Career Schools at the Nebraska Department of Education. Written complaints to The Moore Group, Inc., which require a reply, will be responded to within 45 days of receipt.

Placement Assistance The School does not offer placement assistance.

School Facilities and Equipment Classes are held in meeting rooms which are setup with classroom tables and chairs. A laptop computer with projector is used for PowerPoint material presentations.

Transfer of Hours/Credits A student may take any specific appraisal course from any approved provider (school). It is not compulsory that any one provider (school) be used exclusively for a student’s required appraiser education. However, an individual course must be started and completed with the same provider (school). Credit for the classroom hours attended with one provider (school) cannot be transferred to a different provider (school) to complete a specific course.

Price Changes Prices are subject to change without notice.

General Information

All Qualifying Education courses offered in this catalog are approved by the Nebraska Real Property Appraiser Board (NRPAB) for qualifying education and continuing education credit.

The Nebraska Supervisor and Trainee Appraiser Course is approved by the NRPAB to fulfill the specific requirement for a 7-Hour Supervisory Appraiser and Trainee Appraiser course. The Nebraska Supervisor and Trainee Appraiser Course has also been approved by the NRPAB for continuing education for Supervisory Appraisers (no more than once during each two-year continuing education period).

Qualifying education courses offered in this catalog are honored by the Nebr. Real Estate Commission for continuing ed. for sales persons and brokers. Qualifying education courses offered in this brochure are honored by the Nebr. Dept. of Revenue for continuing education for Assessor recertification. Appraisers in states other than Nebraska may be eligible to receive appraiser qualifying or continuing ed. credit for the courses offered in this catalog and they should check with their State appraiser regulatory agency.

The Qualifying Education courses (except for the National USPAP Course) have been purchased from Hondros Learning. Hondros has been granted course approval through the AQB Course Approval Program. The USPAP course is The Appraisal Foundation's National USPAP course. It has been approved by the AQB Course Approval Program.

The courses in this catalog (except for the Nebraska Supervisor and Trainee Appraiser Course and Mastering Unique & Complex Property Appraisal) are AQB core curriculum courses. The course Mastering Unique & Complex Property Appraisal is an AQB approved course which is approved by the NRPAB as a qualifying- education "elective".

The course Nebraska Supervisor and Trainee Appraiser Course is approved by the NRPAB to fulfill the January 1, 2015 NRPAB requirement for a Supervisory Appraisers and Trainee Appraisers course. It is not a qualifying education course.

The Moore Group, Inc. Moore Appraisal Education, LLC is owned and operated by The Moore Group, Inc. 402-770-8605 [email protected] www.MooreEducaiton.com