Basic Appraisal Principles (R-5) COURSE DESCRIPTION This 30-hour course is the first in the Residential Appraisal Certification series. These courses must be taken in sequence. It is part of the NYS Appraisal Licensure Certification Requirement. PREREQUISITES None COURSE OUTLINE Program Overview - The following topics will be covered: Real Property Concepts and Characteristics Legal Consideration Influences on Real Estate Values Types of Value Economic Principles Overview of Real Estate Markets and Analysis Ethics and How They Apply in Appraisal Theory and Practice