american society of farm managers and rural appraisers - ASFMRA

AMERICAN SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS
ACCREDITED RURAL APPRAISER (A.R.A.)
REQUIREMENT CHECKLIST
Beginning January 1, 2013
1. Complete and pass the following appraisal courses.
Please note: All course work must be successfully completed at
least 30 days prior to sitting for the accrediting exam.
q
q
q
q
q
q
q
q
q
q
q
q
Basic Appraisal Principles (A101) or evidence of having a
state appraisal license
Basic Appraisal Procedures (A102) or evidence of having a
state appraisal license
National USPAP Course, a 15‐hour tested course following
USPAP guidelines by Appraisal Foundation or evidence of a
State Certified General License
7‐Hour National USPAP Update following USPAP guidelines
by Appraisal Foundation within last 2 years from date of
application
*ASFMRA Code of Ethics tested course and be current with
ASFMRA six‐year Ethics requirement
Cost Approach for General Appraisers (A301)
Sales Comparison Approach for General Appraisers (A302)
Income Approach for General Appraisers, Part 1 (A303)
Highest & Best Use (A290) or Appraisal Institute’s Highest
and Best Use for Certified General Appraiser 30 hours
*Eminent Domain (A250 or A‐25)
Advanced Income Capitalization – Appraisal Institute’s
General Appraiser Income Approach Part II
Appraisal Report Writing ‐ The Appraisal Institute’s General
Appraiser Report Writing & Case Studies or ASA’s ALL‐215
q Real Estate Finance, Statistics and Valuation Modeling ‐
Appraisal Institute
q
q
*Integrated Approaches to Value (A304)
*Advanced Rural Case Studies (A400)
3. A four‐year college degree is required. In lieu of the
Bachelor’s degree, successfully pass all of the collegiate
level subject matter courses from an accredited college,
junior college, community college or university required in
the ASFMRA Policies and Procedures Manual.
Please Note: Beginning in 2015, Bachelor’s degree or
higher from an accredited college or university will be
required.
4. Submit one demonstration report. The appraisal report shall
be in narrative form, have as its subject an appraisal
complying with the current version of the Uniform
Standards of Professional Appraisal Practice, as
promulgated by the Appraisal Standards Board, reported in
a self‐contained format which uses the three approaches to
value. The appraisal client shall provide a written release of
the appraisal restricting its use to peer review. A passing
demonstration report qualifies for a two‐year period from
the date of approval. If you do not become Accredited
within that two‐year period, another demonstration report
must be submitted. This will be retained as a confidential
file until you have attained your designation. A grade of 75
percent or higher is necessary in order to clear you to
qualify for the remainder of the Accreditation process. As
the name implies, a demonstration report should fully
demonstrate the applicant’s ability, in accordance with the
core courses required by the ASFMRA for Accreditation. A
good quality work product may or may not be sufficient to
meet the required standards. Please invest the time and
effort necessary into your demonstration report to insure
that it meets the required standards prior to submission.
5. For the purpose of determining work experience, each
applicant will be asked to submit six appraisal reports from
their log. The District Review Committee will inform the
applicant as to which three reports must be submitted. The
applicant will be asked to choose three additional appraisal
reports, one from each of the past three years, to submit.
6. Provide evidence of certification as a Certified General
Appraiser under the certification laws and regulations of any
state, if the applicant of the designation works within the
United States.
q
*Valuation of Conservation Easements and Other Partial
Interests in Real Estate (A315)
*If you have received your Certified General License since
January 1, 2008, you will need to complete the courses
marked with an asterisk (*).
7. Be a current ASFMRA member prior to submitting an
application for accreditation.
8. Complete the ARA Application for the final accrediting exam
and submit with your demo and application fee by March 1
of the year you plan to sit for the exam.
2. Five years of experience in Appraisal. Experience must
include rural appraisal of at least 600 hours of the 1,600
hours in each of the last three years.
9. An invoice for the examination fee will be sent when
applicant is cleared to sit for the examination.
10. Pass the final ARA Accrediting exam.
ARA Accreditation Requirements ASFMRA April 5, 2013

AMERICAN SOCIETY OF FARM MANAGERS AND RURAL APPRAISERS
ACCREDITED RURAL APPRAISER (A.R.A.)
REQUIREMENT CHECKLIST
Beginning January 1, 2013
Contents of Accreditation Exam
(A.F.M., A.R.A., RPRA, A.A.C.)
A. Written examination is proctored and given in Denver each
year and takes approximately 12 hours to complete. The written
examination includes:
1. Case Study Problems
2. Multiple Choice
3. True‐False
B. Oral examination covering any or all phases of the
applicant’s knowledge and experience
The newly accredited are notified that they can use their
designation upon receipt of the letter that they have passed.
Successful applicants will receive their certificate and lapel pins
approximately two months after completion of the exam. In
addition, a special awards ceremony is held during the annual
meeting to recognize those members that have received their
designation throughout the year.
Requirements to Maintain Designation
To maintain designation, member must maintain Accredited
membership and abide by all membership requirements. Please
contact the ASFMRA for more detailed information on the
Continuing Education Program.
Accredited members of the ASFMRA must participate in the
ASFMRA Continuing Education program. A minimum of sixty (60)
hours of approved programs must be submitted for each threeyear
period.
Members who receive their designation are automatically
considered current in the continuing education program for the
next three years and must accumulate 60 hours of education to
be current in their next cycle. Members must be in compliance
with Ethics requirements. Currently, members must complete
the Ethics course once every 6 years.
Course Equivalencies
These courses have been determined to contain content that is
equivalent to ASFMRA courses. This list does not necessarily
contain all equivalent courses. For questions on a specific course,
contact ASFMRA.
Highest & Best Use (A290)
Appraisal Institute’s General Appraiser Market Analysis and
Highest & Best Use
Advanced Income Capitalization
Appraisal Institute’s Course 510 or General Appraiser Income
Approach Part II
Cost Approach for General Appraisers (A301)
Appraisal Institute’s General Appraiser Site Valuation and Cost
Approach
Sales Comparison Approach for General Appraisers (A302)
Appraisal Institute’s General Appraiser Sales Comparison
Approach
Income Approach for General Appraisers (A303)
Income Capitalization ASFMRA course A‐270 or A‐27 or Appraisal
Institute’s Basic Income Cap. 310, or General Appraiser Income
Approach Part I or ASA’s RP203 (or A110, A200 and A300 in
aggregate).
If you are planning to pursue your ARA designation,
contact Debe Alvarez for more information. She can be
reached at (303) 692‐1225 or at dalvarez@asfmra.org.
American Society of Farm Managers and Rural Appraisers | 950 South Cherry Street, Ste. 508, Denver, Colorado 80246
ARA Accreditation Requirements ASFMRA April 5, 2013
Phone: (303) 758‐3513 | Fax: (303) 758‐0190 | E‐Mail: accreditation@asfmra.org | http://www.asfmra.org