- Course type: Self-paced
- Available Lessons: 82
- Average Lesson Length: 8 min
- New lessons are still being added
Watch a preview:chapter 1 / lesson 1Property Valuation: Definition & Principles
This course can be found in: Real Estate Test Prep
Thousands of practice questions, 30+ Real Estate study guides, and 700+ test prep video lessons
Course SummaryRefer to this comprehensive study guide if you need to get ready for the Illinois Appraiser Qualifications Board (AQB) Certified General Appraiser Exam. You can work through this course at your own pace, and it contains short lessons and quizzes to help you quickly prepare for the exam.
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About This Course
This study guide is designed to help support those who are preparing to take the Illinois AQB Certified General Appraiser Exam. It consists of lessons devoted to such topics as land surveys, land use, property transfer, standard appraisal practices and various approaches to real estate valuation. Property ownership, real estate investing and the real estate market are also covered. Brief and informative text lessons are written by professionals in the field and can be printed and used as quick reference material.
About the Exam
The computer-based Illinois AQB Certified General Appraiser Exam is a computer-based test that must be passed by those seeking to become real estate appraisers in the state. The exam consists of eight major content areas with a total of 125 multiple-choice questions. A total of three hours is allotted to complete the exam. Test-takers must achieve a score of at least 75 out of 110 to pass this exam.
Illinois AQB Certified General Appraiser Exam Preparation & Registration
The lessons comprising this chapter address all of the topics you would expect to encounter on the Illinois AQB Certified General Appraiser Exam. Some lessons provide study in the sales comparison, cost and income approaches to real estate valuation and include examples and definitions. Other lessons discuss such topics as property depreciation, market analysis, zoning and building ordinances, property transfer practices, land survey systems, property rights, and land and site valuation methods. The final lesson in this guide addresses terms, reports and rules relating to professional appraisal practices.
Exam candidates must show that they have completed the required number of education hours needed for eligibility. An application with supporting material must be sent by mail. Once the application is approved, exam registration can be completed online, by phone, fax or mail. Online scheduling is completed through the AMP website, while those who register by mail must call to schedule the date and location of their exam. Appropriate identification must be presented at the testing site on the day of the exam.
The Illinois AQB Certified General Appraiser Exam is administered by Applied Measurement Professionals, Inc. (AMP), a PSI business, which is not affiliated with Study.com.
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