2014 – 2015
Florida Department of Education
Curriculum Framework 

Program Title:	Certified Residential Appraiser
Program Type:	Career Preparatory
Career Cluster:	Marketing, Sales and Service
NOTE: This program has been daggered for deletion with 2013-2014 being the last cohort of students permitted to enroll in the program. After 2013-2014, no new students may be enrolled in this program. Students already enrolled in the program may, at the District’s discretion, continue taking courses in the program until completion.

PSAV	
Program Number	M200200	
CIP Number	0252150102	
Grade Level	30,31	
Standard Length	110 hours	
Teacher Certification	Florida Licensed Real Estate Appraiser Instructor	
CTSO	Collegiate DECA	
SOC Codes (all applicable) 	13-2021 – Appraisers and Assessors of Real Estate	
Facility Code	222 http://www.fldoe.org/edfacil/sref.asp (State Requirements for Educational Facilities)	
Targeted Occupation List	http://www.labormarketinfo.com/wec/TargetOccupationList.htm	
Perkins Technical Skill Attainment Inventory	http://www.fldoe.org/workforce/perkins/perkins_resources.asp 	
Industry Certifications	http://www.fldoe.org/workforce/fcpea/default.asp 	
Statewide Articulation	http://www.fldoe.org/workforce/dwdframe/artic_frame.asp 	
Basic Skills Level	Mathematics:  N/A	
Language:       N/A	
Reading:         N/A		

Purpose

The purpose of this program is to offer required licensed real estate appraiser trainees the required pre-licensing education for the certified residential appraiser license.
 
This program offers a course that provides coherent and rigorous content aligned with challenging academic standards and relevant technical knowledge and skills needed to prepare for further education and careers in the Marketing, Sales and Service career cluster; provides technical skill proficiency, and includes competency-based applied learning that contributes to the academic knowledge, higher-order reasoning and problem-solving skills, work attitudes, general employability skills, technical skills, and occupation-specific skills, and knowledge of all aspects of the Marketing, Sales and Service career cluster. 

Additional Information relevant to this Career and Technical Education (CTE) program is provided at the end of this document.

Program Structure

This program is a planned sequence of instruction consisting of one occupational completion points.

This program is comprised of courses which have been assigned course numbers in the SCNS (Statewide Course Numbering System) in accordance with Section 1007.24 (1), F.S.  Career and Technical credit shall be awarded to the student on a transcript in accordance with Section 1001.44(3)(b), F.S.

The following table illustrates the post-secondary program structure:

OCP	Course Number	Course Title	Length	SOC Code	
A	REE0185	Real Estate Certified Residential Appraiser	110 hours	13-2021	

Common Career Technical Core – Career Ready Practices

Career Ready Practices describe the career-ready skills that educators should seek to develop in their students.  These practices are not exclusive to a Career Pathway, program of study, discipline or level of education.  Career Ready Practices should be taught and reinforced in all career exploration and preparation programs with increasingly higher levels of complexity and expectation as a student advances through a program of study. 

1. Act as a responsible and contributing citizen and employee. 

2. Apply appropriate academic and technical skills. 

3. Attend to personal health and financial well-being. 

4. Communicate clearly, effectively and with reason. 

5. Consider the environmental, social and economic impacts of decisions. 

6. Demonstrate creativity and innovation. 

7. Employ valid and reliable research strategies. 

8. Utilize critical thinking to make sense of problems and persevere in solving them. 

9. Model integrity, ethical leadership and effective management. 

10. Plan education and career path aligned to personal goals. 

11. Use technology to enhance productivity. 

12. Work productively in teams while using cultural/global competence. 

Standards

After successfully completing this program, the student will be able to perform the following:

01.0	Demonstrate an understanding of market analysis.
02.0	Demonstrate an understanding of defining the market. 
03.0	Demonstrate an understanding of analyzing the market. 
04.0	Demonstrate an understanding of drawing conclusions from the market. 
05.0	Demonstrate an understanding of highest and best use analysis. 
06.0	Demonstrate an understanding of land use restrictions. 
07.0	Demonstrate an understanding of economic considerations. 
08.0	Demonstrate an understanding of final highest and best use analysis. 
09.0	Demonstrate an understanding of basic concepts of land and value. 
10.0	Demonstrate an understanding of data collection and analysis.
11.0	Demonstrate an understanding of site valuation. 
12.0	Demonstrate an understanding of reasons for separate site valuation. 
13.0	Demonstrate an understanding of the cost approach to appraisal. 
14.0	Demonstrate an understanding of calculation costs. 
15.0	Demonstrate an understanding of figuring depreciation. 
16.0	Demonstrate an understanding of final cost approach analysis. 
17.0	Demonstrate an understanding of valuation and sales comparison. 
18.0	Demonstrate an understanding of assembling and verifying the data. 
19.0	Demonstrate an understanding of the income approach to appraisal. 
20.0	Demonstrate an understanding of investor considerations. 
21.0	Demonstrate an understanding of income capitalization. 
22.0	Demonstrate an understanding of selecting comparable sales. 
23.0	Demonstrate an understanding of adjusting comparable sales. 
24.0	Demonstrate an understanding of additional income approaches. 
25.0	Demonstrate an understanding of statistics. 
26.0	Demonstrate an understanding of the measurement of central tendency. 
27.0	Demonstrate an understanding of gathering data and checking dispersion. 
28.0	Demonstrate an understanding of using data to draw conclusions. 
29.0	Demonstrate an understanding of valuation models.
30.0	Demonstrate an understanding of real estate finance. 
31.0	Demonstrate an understanding of the challenging appraisal assignment. 
32.0	Demonstrate an understanding of complex symptoms. 
33.0	Demonstrate an understanding of appraising complex sites. 
34.0	

2014 – 2015
Florida Department of Education
Student Performance Standards

Program Title:	[Enter program title] 
PSAV Number:	[Enter PSAV Number]

Course Number: 	REE0185
Occupational Completion Point:  A
Real Estate Certified Residential Appraiser – 110 Hours – SOC Code 13-2021	
01.0	Demonstrate an understanding of market analysis–The student will be able to:	
01.01	Describe the different types of value.	
01.02	Explain value principles.	
01.03	Determine market value.	
01.04	Explain other value considerations.	
01.05	Discuss the uses of market analysis.	
02.0	Demonstrate an understanding of defining the market–The student will be able to:	
02.01	Explain how real estate markets are defined.	
02.02	Identify specific markets and sub-markets.	
02.03	Give examples of market segmentation and market disaggregation.	
02.04	Explain the value forces that drive the real estate market.	
03.0	Demonstrate an understanding of analyzing the market–The student will be able to:	
03.01	Explain the four broad forces that affect value.	
03.02	Describe the different types of productivity analysis of property.	
03.03	Explain the purpose of the productivity analysis of property.	
04.0	Demonstrate an understanding of drawing conclusions from the market–The student will be able to:	
04.01	Discuss different ways to analyze demand and supply.	
04.02	Explain market studies and marketability studies.	
04.03	Define a feasibility study.	
05.0	Demonstrate an understanding of highest and best use analysis–The student will be able to:	
05.01	Detail the four tests for highest and best use.	
05.02	Explain the theory of site valuation.	
05.03	Give the different reasons for performing a separate site valuation.	
06.0	Demonstrate an understanding of land use restrictions–The student will be able to:	
06.01	Determine the legally permitted uses of a property.	
06.02	Determine the physical possibilities of a property.	
07.0	Demonstrate an understanding of economic considerations–The student will be able to:	
07.01	Explain how to determine the economic feasibility.	
07.02	Determine the most profitable use of a property.	
07.03	Explain financial considerations when determining profitable use of a property.	
08.0	Demonstrate an understanding of final highest and best use analysis–The student will be able to:	
08.01	Explain the process for determining highest and best use.	
08.02	Discuss competitive uses versus complimentary use.	
08.03	Explain possible recommendations for highest and best use.	
09.0	Demonstrate an understanding of basic concepts of land and value–The student will be able to:	
09.01	Identify the seven characteristics of real estate.	
09.02	Explain the difference between value, price and cost.	
10.0	Demonstrate an understanding of data collection and analysis–The student will be able to:	
10.01	Identify the general data and specific data resources.	
10.02	Define a neighborhood.	
10.03	Explain how to identify a site and the property specific factors that affect that site.	
11.0	Demonstrate an understanding of site valuation–The student will be able to:	
11.01	Identify the basic methods to perform a site valuation.	
11.02	Explain the sales comparison method.	
11.03	Discuss what might cause an allocation ratio to change. 	
12.0	Demonstrate an understanding of reasons for separate site valuation–The student will be able to:	
12.01	Identify reasons for separate site valuation.	
12.02	Define the role of the appraiser in site valuation.	
12.03	Discuss making land more valuable. 	
13.0	Demonstrate an understanding of the cost approach to appraisal–The student will be able to:	
13.01	Define the cost approach.	
13.02	Discuss when and why to use the cost approach.	
13.03	Explain the differences between replacement and reproduction.	
13.04	Discuss the theory of substitution and the theory of contribution.	
14.0	Demonstrate an understanding of calculation costs–The student will be able to:	
14.01	Explain hard costs, soft costs and profit considerations for a structure.	
14.02	Calculate costs using the square foot method.	
14.03	Discuss other cost methods used in different situations. 	
15.0	Demonstrate an understanding of figuring depreciation–The student will be able to:	
15.01	Explain economic life versus useful life.	
15.02	Identify the formula used to calculate effective age-life depreciation.	
15.03	Explain market extraction depreciation.	
15.04	Discuss methods of estimating accrued depreciation.	
15.05	Discuss the impact of depreciation on value.	
16.0	Demonstrate an understanding of final cost approach analysis–The student will be able to:	
16.01	Perform a cost approach analysis.	
16.02	Explain the cost approach section of the URAR appraisal form.	
16.03	Discuss advantages and disadvantages of the cost approach.	
17.0	Demonstrate an understanding of valuation and sales comparison–The student will be able to:	
17.01	Define the sales comparison approach to value.	
17.02	Explain the different types of value, value characteristics and value principles.	
17.03	Explain P-E-G-S.	
18.0	Demonstrate an understanding of assembling and verifying the data–The student will be able to:	
18.01	Define general data versus specific data.	
18.02	Explain the importance of verifying the data.	
18.03	Perform a site analysis and an improvement analysis.	
19.0	Demonstrate an understanding of the income approach to appraisal–The student will be able to:	
19.01	Define the income approach and explain when and why it is used.	
19.02	Discuss the Uniform Standards of Professional Appraisal Practice (USPAP) requirements.	
19.03	Explain specific types of leases and their terms.	
20.0	Demonstrate an understanding of investor considerations–The student will be able to:	
20.01	Define the risks inherent in real estate investments.	
20.02	Explain the time value of money, compound interest, and the six functions of $1.	
20.03	Use a financial calculator.	
21.0	Demonstrate an understanding of income capitalization–The student will be able to:	
21.01	Define capitalization rate and different rates of return.	
21.02	Define income.	
21.03	Discuss the advantages and disadvantages of using this method.	
22.0	Demonstrate an understanding of selecting comparable sales–The student will be able to:	
22.01	Discuss selecting the comparable sales.	
22.02	Explain the different types of co-ownership.	
22.03	Explain what constitutes a typical arm’s length transaction and the appraiser’s role in verification.	
23.0	Demonstrate an understanding of adjusting comparable sales–The student will be able to:	
23.01	Analyze comparable sales.	
23.02	Explain quantitative analysis versus qualitative analysis.	
23.03	Explain the process of adjusting properties.	
23.04	Determine the value of adjustments.	
23.05	Discuss percentage adjustments used for financing concessions.	
23.06	Give the sequence of adjustments in order of priority.	
23.07	Perform cash equivalency calculations.	
24.0	Demonstrate an understanding of additional income approaches–The student will be able to:	
24.01	Determine value with Gross Monthly Rent Multiplier (GMRM).	
24.02	Define Gross Income Multiplier (GIM).	
24.03	Explain the ground rent capitalization method.	
24.04	Describe how discounted cash flow differs from capitalization.	
25.0	Demonstrate an understanding of statistics–The student will be able to:	
25.01	Explain what is statistical analysis.	
25.02	Explain why statistics are important to the appraiser.	
25.03	Determine when it is appropriate in the appraisal process.	
26.0	Demonstrate an understanding of the measurement of central tendency–The student will be able to:	
26.01	Explain the differences between mean, median and mode.	
26.02	Apply the mean, median, and mode when needed in everyday appraisal assignments.	
27.0	Demonstrate an understanding of gathering data and checking dispersion–The student will be able to:	
27.01	Discuss the types of data required for performing statistical analysis in the three approaches to value.	
27.02	Explain how data is collected and the first steps in verifying its validity.	
28.0	Demonstrate an understanding of using data to draw conclusions–The student will be able to:	
28.01	Apply statistical techniques.	
28.02	Determine whether the statistical calculations are representative of the population of data being studied.	
28.03	Draw conclusion based on their calculations.	
29.0	Demonstrate an understanding of valuation models–The student will be able to:  	
29.01	Explain the basic concepts of regression analysis.	
29.02	Discuss the difference between several types of regression models, and their application in the appraisal process.	
29.03	Discuss the purpose and use of Automated Valuation Models (AVMS), including how and when they should be used.	
30.0	Demonstrate an understanding of real estate finance–The student will be able to:	
30.01	Explain the interrelationship between real estate values and real estate finance;	
30.02	Identify the three macroeconomic indicators that are critical for the appraiser to understand.	
30.03	Identify the three fundamental components to the microeconomic conditions that must be considered.	
30.04	Discuss the government’s participation and its influences on real estate financing.	
30.05	Identify the different types of loans and loan terms available to consumers.	
30.06	Explain how the type of loan used to purchase property may influence the final transaction.	
30.07	Solve problems using both financial tables and financial calculators.	
30.08	Apply the six basic formulas of compound interest.	
30.09	Calculate the balance of a loan at any point during the loan term.	
30.10	Adjust a property’s sale price affected by special or creative financing.	
31.0	Demonstrate an understanding of the challenging appraisal assignment–The student will be able to:	
31.01	Determine the types of properties or conditions that define a challenging assignment in a particular market.	
31.02	Discuss the issue of competency on assignment acceptance.	
31.03	Identify the key concepts of the challenging appraisal assignment.	
31.04	Discuss deriving and supporting adjustments.	
31.05	Discuss value conclusions, reconciliation and reporting options for the challenging assignment.	
32.0	Demonstrate an understanding of complex symptoms–The student will be able to:	
32.01	Identify the client and other intended users.	
32.02	Determine the intended use.	
32.03	Identify the type and definition of value.	
32.04	Determine the effective date of the value estimate.	
32.05	Identify the relevant characteristics of the property.	
32.06	Discuss issues that lead to a unique or complex scope of work.	
33.0	Demonstrate an understanding of appraising complex sites–The student will be able to:	
33.01	Discuss sites with unusual characteristics, including public limitations, physical characteristics and uses and users.	
33.02	Explain the appropriate approaches to value to use for complex sites.	
33.03	Discuss appraising physical segments of a larger parcel.	
33.04	Discuss properties having excess site with sell-off potential.	
33.05	Discuss appraising sites with non-structural or specialty features.	

Additional Information

Laboratory Activities

Laboratory activities are an integral part of this program.  These activities include instruction in the use of safety procedures, tools, equipment, materials, and processes related to these occupations.  Equipment and supplies should be provided to enhance hands-on experiences for students. 

Career and Technical Student Organization (CTSO)

DECA is the appropriate career and technical student organization for providing leadership training and reinforcing specific career and technical skills.  Career and Technical Student Organizations provide activities for students as an integral part of the instruction offered.  The activities of such organizations are defined as part of the curriculum in accordance with Rule 6A-6.065, F.A.C.

Cooperative Training – OJT

On-the-job training is appropriate but not required for this program.  Whenever offered, the rules, guidelines, and requirements specified in the OJT framework apply. 

Basic Skills (if applicable)

In PSAV programs offered for 450 hours or more, in accordance with Rule 6A-10.040, F.A.C., the minimum basic skills grade levels required for postsecondary adult career and technical students to complete this program are:  Mathematics N/A, Language N/A, and Reading N/A.  These grade level numbers correspond to a grade equivalent score obtained on a state designated basic skills examination.  

Adult students with disabilities, as defined in Section 1004.02(7), Florida Statutes, may be exempted from meeting the Basic Skills requirements (Rule 6A-10.040).  Students served in exceptional student education (except gifted) as defined in s. 1003.01(3)(a), F.S., may also be exempted from meeting the Basic Skills requirement.  Each school district and Florida College must adopt a policy addressing procedures for exempting eligible students with disabilities from the Basic Skills requirement as permitted in Section 1004.91(3), F.S.

Students who possess a college degree at the Associate of Applied Science level or higher; who have completed or are exempt from the college entry-level examination; or who have passed a state, national, or industry licensure exam are exempt from meeting the Basic Skills requirement (Rule 6A-10.040, F.A.C.)  Exemptions from state, national or industry licensure are limited to the certifications listed at http://www.fldoe.org/workforce/dwdframe/rtf/basicskills-License-exempt.rtf.  

Accommodations

Federal and state legislation requires the provision of accommodations for students with disabilities as identified on the secondary student’s Individual Educational Plan (IEP) or 504 plan or postsecondary student’s accommodations’ plan to meet individual needs and ensure equal access.  Postsecondary students with disabilities must self-identify, present documentation, request accommodations if needed, and develop a plan with their counselor and/or instructors.  Accommodations received in postsecondary education may differ from those received in secondary education.  Accommodations change the way the student is instructed.  Students with disabilities may need accommodations in such areas as instructional methods and materials, assignments and assessments, time demands and schedules, learning environment, assistive technology and special communication systems.  Documentation of the accommodations requested and provided should be maintained in a confidential file.

In addition to accommodations, some secondary students with disabilities (students with an IEP served in Exceptional Student Education (ESE)) will need modifications to meet their needs.  Modifications change the outcomes or what the student is expected to learn, e.g., modifying the curriculum of a secondary career and technical education course.  Note: postsecondary curriculum and regulated secondary programs cannot be modified.

Some secondary students with disabilities (ESE) may need additional time (i.e., longer than the regular school year), to master the student performance standards associated with a regular Occupational Completion Point (OCP) or a Modified Occupational Completion Point (MOCP).  If needed, a student may enroll in the same career and technical course more than once.  Documentation should be included in the IEP that clearly indicates that it is anticipated that the student may need an additional year to complete an OCP/MOCP.  The student should work on different competencies and new applications of competencies each year toward completion of the OCP/MOCP.  After achieving the competencies identified for the year, the student earns credit for the course.  It is important to ensure that credits earned by students are reported accurately.  The district’s information system must be designed to accept multiple credits for the same course number for eligible students with disabilities.

Articulation

This program has no statewide articulation agreement approved by the Florida State Board of Education.  However, this does not preclude the awarding of credits by any college through local agreements. 

For details on statewide articulation agreements which correlate to programs and industry certifications, refer to http://www.fldoe.org/workforce/dwdframe/artic_frame.asp.