Appraisal/ Continuing Education/ Michigan/ Appraisal Statistics

Appraisal Statistics

$79

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3

Description

State Requirements

Unlock the power of data with our Appraisal Statistics course, designed for real estate professionals seeking to enhance their valuation skills. This comprehensive course covers essential statistical tools and methodologies used in real estate appraisal. Learn to recognize and utilize descriptive statistical measures and dispersion to accurately summarize and describe property data. Dive into inferential statistical methods and probability concepts to evaluate the significance of trends and patterns in the real estate market. Master regression analysis techniques, including multiple regression analysis and automated valuation models (AVMs), to forecast property values based on various attributes. By the end of the course, you'll be equipped to make data-driven decisions and provide precise, reliable appraisals that stand out in the competitive real estate industry.

Package Content:

State Requirements For Michigan

Michigan State Requirement Details for Appraiser Continuing Education

Renewal Date: 7/31 every 2 years

Hours Required by the State for renewals prior to January 1, 2026: 28 Hours

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: 28 Hours

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.

The CE Shop’s Offering: 28 hours

7-Hour National USPAP Continuing Education Course
7-hour Valuation Bias and Fair Housing Laws and Regulations course
14 approved continuing education hours

Note: Credentialed appraisers are required to complete continuing education for a partial year in a continuing education cycle as follows:

For continuing education cycle periods of 185 days or more, 14 hours of continuing education is required.
For continuing education cycle periods of less than 185 days, no hours of continuing education are required.

Reporting: The state requires CE 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 appraisal 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 renewal application to determine if you need to submit your certificate(s) of completion with your renewal. 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 is to log in to the licensing system online and follow the prompts to renew. Instructions for this process may be found here.

Max Hours in a 24-Hour Period: Students will not receive credit for more than 10 hours of qualifying education in a 24-hour period. Our online course delivery system manages this requirement for you.

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