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Appraisal Economics and Value

$135
This product includes:
LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 7 Mandatory Hours: 0 Total Hours: 7
Description
State Requirements

This course provides 7 hours of continued education instruction in appraisal economics and value. Topics include economic trends, cycles, factors of value, and indicators along with the principles of real estate marketability. This course also dives into market, insurable, use, and investment value, just to name a few. To wrap this course up, influence on property value including physical, geographic, economic, governmental, and social forces is also covered.

Package Content:

State Requirements For Illinois

Illinois State Requirement Details for Associate Trainee and Certified Appraiser Continuing Education

Renewal Date: September 30th of odd-numbered years

Hours Required by the State for renewals prior to January 1, 2026: 29 Hours

  • 1-hour Sexual Harassment Prevention Training
  • 7-hour National USPAP Update Course
  • 21 hours of approved continuing education

Hours Required by the State for renewals on or after January 1, 2026: 29 Hours

  • 1-hour Sexual Harassment Prevention Training
  • 7-Hour National USPAP Continuing Education Course
  • 7-hour Valuation Bias and Fair Housing Laws and Regulations course or 4-hour Valuation Bias and Fair Housing Laws and Regulations course (see explanation below) 
  • 14 hours of approved continuing education or 17 hours of approved continuing education (see explanation below)

Beginning January 1, 2026, a Valuation Bias and Fair Housing Laws and Regulations course will be required for Continuing Education. The first time a Licensee completes the Continuing Education requirement for this course, the course length must be 7 hours. If a Licensee successfully completed an 8-hour course as part of their Qualifying Education, they have satisfied this requirement. Every 2 calendar years thereafter, the course length must be at least 4 hours.  This new course requirement is included in the 28 total hours for a 2-year renewal.

Sexual Harassment Prevention Training:

  • Licensed Appraisers are required to complete a 1-hour course in Sexual Harassment Prevention Training in addition to the required 28 hours of continuing education.

Note: If a real estate appraiser was issued an initial license for fewer than 185 days prior to the expiration of the license, then no continuing education is required for that renewal.

The CE Shop’s Offering: 29 hours

  • 1-hour Sexual Harassment Prevention Training
  • 7-Hour National USPAP Continuing Education Course
  • 7-hour Valuation Bias and Fair Housing Laws and Regulations course
  • 14 hours of approved continuing education

The CE Shop LLC is a Real Estate Appraisal Education Provider licensed by the Illinois Department of Financial and Professional Regulation Division of Real Estate.

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Renewal Process: The process to renew in this state can be found here.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

Illinois Department of Financial and Professional Regulation Division of Real Estate

Street Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786

Mailing Address: 320 West Washington Street, 3rd Floor, Springfield, Illinois 62786

Telephone: (800) 560-6420

fpr.realestate@illinois.gov

IDFPR Real Estate Appraisal

Application Forms and Requirements

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