19 NYCRR 1103.6 | LawEngine

Residential course outlines

Source version current through Oct 7, 2026

Later State Register activity may affect this section.

Source details

NYCRR title agency: Department of State
Section status: Section source receipt
Source version current through: Oct 7, 2026
Text saved: Sep 27, 2026

New York Department of State official text

Residential course outlines The following are the required subjects to be included in the courses of study and the required number of hours to be devoted to residential appraisal courses. All appraisal schools must utilize the following course outline in conducting their programs. The following course outline are not intended to substitute for specific outlines for the proposed course.

(a)R-5 /Basic Appraisal Principals

A. Real Property Concepts and Characteristics 4 hours

1.Basic Real Property Concepts

2.Real Property Characteristics

3.Legal Description

B. Legal Consideration 4 hours

1.Forms of Ownership

2.Public and Private Controls

3.Real Estate Contracts

4.Leases

C. Influences on Real Estate Values 2 hours

1.Governmental

2.Economic

3.Social

4.Environmental, Geographic and Physical

D. Types of Value 3 hours

1.Market Value

2.Other Value Types

E. Economic Principles 10 hours

1.Classical Economic Principles

2.Application and Illustrations of Economic

Principles

F. Overview of Real Estate Markets and Analysis 3 hours

1.Market Fundamentals, Characteristics, and

Definitions

2.Supply Analysis

3.Demand Analysis

4.Use of Market Analysis

G. Ethics and How They Apply in Appraisal Theory and Practice 2 hours

1.Valuation Bias and Fair Housing Laws and Regulations

Final Examination (75-100 questions) 2 hours

Total 30 hours

(b)R-6/Basic Appraisal Procedures

A. Overview of Approaches to Value 10 hours

B. Valuation Procedures 8 hours

1.Defining the Problem 2. Collecting and Selecting Data 3. Analyzing 4. Reconciling and Final Value Opinion 5. Communicating the Appraisal

C. Property Description 4 hours

1.Geographic Characteristics of the Land/Site 2. Geologic Characteristics of the Land/Site 3. Location and Neighborhood Characteristics 4. Land/Site Considerations for Highest and Best Use 5. Improvements - Architectural Styles and Types of Construction 6. Special Energy Efficient Characteristics of the Improvements

D. Residential or General Applications 6 hours

Final Examination (75-100 questions) 2 hours Total 30 hours

(c)R-7/Residential Market Analysis and Highest and Best Use

A. Residential Markets and Analysis 8 hours

1.Market Fundamentals, Characteristics, and Definitions 2. Supply Analysis 3. Demand Analysis 4. Use of Market Analysis

B. Highest and Best Use 6 hours

1.Test Constraints 2. Application of Highest and Best Use 3. Special Considerations 4. Market Analysis 5. Case Studies

Final Examination (35-30 questions) 1 hour Total 15 hours

(d)R-8/Residential Appraiser Site Valuation and Cost Approach

A. Site Valuation 6 hours

1.Methods 2. Case Studies

B. Cost Approach 8 hours

1.Concepts and Definitions 2. Replacements/Reproduction Cost New 3. Accrued Depreciation 4. Methods of Estimating Accrued Depreciation 5. Case Studies

Final Examination (35-30 questions) 1 hour Total 15 hours

(e)R-9/Residential Sales Comparison and Income Approaches

A. Valuation Principles and Procedures—Sales Comparison Approach 1 hour

B. Valuation Principles and Procedures—Income Approach 1 hour

C. Finance and Cash Equivalency—Identification of Seller Concessions and Their Impact on Value 2 hours

D. Financial Calculator Introduction 2 hours

E. Identification, Derivation and Measurement of Adjustments 9 hours

F. Gross Rent Multipliers 2 hours

G. Partial Interests 2 hours

H. Reconciliation 2 hours

I. Case Studies and Applications 7 hours

Final Examination (75-100 questions) 2 hours Total 30 hours

(f)R-10/Residential Report Writing and Case Studies

A. Writing and Reasoning Skills 1 hour

B. Common Writing Problems 3 hours

C. Form Reports 2 hours

D. Report Options and USPAP Compliance 2 hours

E. Case Studies 6 hours

Final Examination (35-50 questions) 1 hour Total 15 hours

(g)R-11/Advanced Residential Applications and Case Studies

A. Complex Property, Ownership and Market Conditions 3 hours

B. Deriving and Supporting Adjustments 3 hours

C. Residential Market Analysis - Seller Concessions - Special Energy Efficient Items (i.e., Green Buildings) 3 hours

D. Advanced Case Studies 5 hours

Final Examination (35-30 questions) 1 hour Total 15 hours

(h)Valuation Bias and Fair Housing Laws and Regulations

A. Understanding Real Estate Bias 1.75 hours

1.Historical Context

a. Role of the following: real estate agents, insurance, appraisers, lenders, Government Sponsored

Enterprises, federal, state and local agencies, and legislation

b. Redlining

c. Restrictive Covenants

d. Court Rulings

2.Contemporary Context

a. Economic Impact of Property Value Disparities for Protected Classes

b. Public Conversation Regarding Valuation Bias

c. Recent Cases and Developments

B. Federal Fair Housing and Antidiscrimination Laws and Regulations 1.75 hours

1.Laws and Regulations

a. Civil Rights Act of 1866 (Section 1981 and Section 1982)

b. Fair Housing Act

c. Equal Credit Opportunity Act (ECOA)

d. Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)

e. Unfair and Deceptive Acts and Practices (UDAP)

f. Unfair, Deceptive or Abusive Acts and Practices (UDAAP)

2.Key Legal Concepts

a. Disparate Treatment

b. Disparate Impact

C. Valuation Bias 1.75 hours

1.Components of Valuation Bias

a. Explicit

b. Implicit

c. Structural

2.Recognizing and Avoiding Valuation Bias

D. Case Studies 1.75 hours

1.Current Valuation Bias Topics

Best Practices for Avoiding Valuation Bias Final Examination 1 hour Total 8 hours

Residential course outlines

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