Approval #:29762 Sponsor Code:
This is The Appraisal Foundation’s official online 7-Hour National USPAP Update Course. This course is designed to fulfill the continuing education requirement which specifies that state licensed and certified appraisers must complete a 7-hour update course on the Uniform Standards of Professional Appraisal Practice every two years.
While this course contains material pertaining to all aspects of USPAP, the focus is primarily on: •Changes to USPAP for 2016-17 •Issues that affect daily appraisal practice
The overall goal of this course is to make students aware, and foster understanding of, the revisions made to USPAP for 2016-17 edition, and to help them apply the requirements of USPAP in situations that occur during their day-to-day activities as real property appraisers. By the conclusion of this course, students will not only be fluent in USPAP concepts and applications, but they will also have demonstrated mastery of the material.
Approval #: Sponsor Code:
This four-hour course meets the requirements established by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation in its 2015 Real Property Appraiser Qualification Criteria. It provides an overview of the responsibilities and obligations of both the Trainee Appraiser and the Supervisory Appraiser within the context of the Trainee–Supervisor relationship and addresses applicable state and local jurisdictional requirements and relevant USPAP obligations. Periodic assessments (mini-quizzes) in each chapter help track understanding and retention of the material, as well as summative chapter assessments and a comprehensive online final examination at the conclusion of the course. Course is iPad compatible
This course is intended to meet the 2015 Real Property Appraiser Qualification Criteria established by the AQB.
Approval #:31414 Sponsor Code:
This course is a primer on how to inspect a residential property, and it is designed to be meaningful and relevant for experienced appraisers and novice appraisers alike. Newer appraisers are likely to find a lot of new and useful information in this course. More experienced appraisers are expected to receive a few tips and tricks, and also get some affirmation about their current inspection practices.
Approval #:31579 Sponsor Code:
This course is developed specifically for residential appraisers who want to use appropriate methodologies to develop and support adjustments in the Sales Comparison approach to value. Intended Users of residential appraisals today expect significant adjustments to be market based and well-supported. This course assumes that you have had training and some experience with the appropriate development of the Sales Comparison approach. This course supplements your training by presenting several methods of developing and supporting your adjustments. The first chapter begins with the proper sequence of adjustments and a quick review of several foundational appraisal principles. Numerous methods of developing Gross Living Area (GLA) adjustments are presented next. Methodologies for developing Bedroom and Bathroom adjustments follow in the second chapter, along with an introduction to employing income capitalization to develop and support adjustments. Subsequent chapters present additional methodologies to develop market-based adjustments for changing market conditions over time, builder upgrades, sales concessions, basements finishes, outbuildings, accessory dwelling units, and view amenities. Whether you have abundant sales and rental data, or a scarcity of data, these methods can strengthen your appraisal quality by supporting your adjustments. Logic and reasoning are also discussed throughout the course, so you are empowered to produce and report credible results.
Approval #:31415 Sponsor Code:
This course will serve as a review and reinforcement of the principles of income capitalization approach. It is intended for licensed and certified real property appraisers, both residential and non-residential appraisers. It is assumed that participants in this course have completed the required qualifying education courses necessary for licensing or certification, including: Basic Appraisal Principles; Basic Appraisal Procedures; and Residential Sales Comparison and Income Approaches; or General Appraiser Income Approach.
We will cover the economic principles and definitions pertinent to valuation of income-producing properties, and properties that are capable of producing income. We will illustrate and utilize income capitalization techniques, including direct capitalization and income multipliers.
We will work on some exercises and examples using the HP 12C financial calculator and it will necessary for the students to use a 12C. Keystroke solutions will be offered. If you do not own an HP 12C, you can download an HP 12C “app” for your smartphone as an alternative.
Income and expense operating statements will be illustrated for use with commercial properties. We will cover the production of income from potential gross income (PGI) to net operating income (NOI).
We will also cover the use of the Small Residential Income Property Appraisal Form (SRIPAR, also known as Fannie Mae Form 1025).
Approval #:31188 Sponsor Code:
This course contains audio and video. The primary focus of this course is on Fannie Mae's appraisal guidelines and requirements which appear in the Fannie Mae Selling Guide issued on April 15, 2014, which is updated semi-regularly. This course tackles many misconceptions and busts several myths about these guidelines and requirements. Along the way, discussion examples, case studies, and "fact or myth" questions are used to apply the requirements and guidelines to real-life appraisal situations. The Uniform Appraisal Dataset (UAD) data entry "errors" that will now result in "hard stops" are identified, since it is important that appraisers "get it right" the first time. The course also provides information regarding Fannie Mae's Appraiser Quality Monitoring (AQM) initiative, using Fannie Mae's own Lender Letters and Frequently Asked Questions to provide accurate and current information. And lastly, Fannie Mae's Collateral Underwriter, which was implemented in January 2015, is briefly discussed.
In our litigious society, appraisers are increasingly vulnerable to many kinds of liability. Liability cannot be eliminated entirely, but it can be managed. Appraisers are bound to follow federal and state laws and regulation, USPAP, and guidelines issued by government agencies, government-sponsored enterprises, and lenders, or else face civil penalties, criminal penalties, or loss of license. This seminar examines practical ways appraisers can protect themselves in their everyday practice, pointing out common malpractice issues and investigating available remedies. Among other topics, the course will discuss legal definitions and categories of penalties, third-party liability, competency, environmental issues, real estate and mortgage fraud, identity theft, supervising appraisal trainees, and how appraisers can best manage their liability.
Approval #:30590 Sponsor Code:
In today’s lawsuit-saturated
world, it is critical for the conscientious appraiser to understand the use of
disclosures and disclaimers. Utilizing both as a regular part of your everyday
appraisal practice will not only help you protect yourself and your firm, but
will also strengthen your credibility with investors and clients alike. Your
instructor will provide you with extensive knowledge on the use
of disclosures and disclaimers in the real estate market by providing you with
examples of specific terminology, requirements, and issues associated with
disclosures and disclaimers.
Course is iPad compatible
As the largest insurer of mortgages in the world, the U.S. Department of Housing and Urban Development (HUD) is a major player in the United States’ real estate market and an equally important regulatory entity in the valuation profession. HUD’s Federal Housing Administration (FHA) program sets the standards for a large number of residential appraisals nationwide. In March 2015, HUD published the new Single Family Housing Policy Handbook, also known as Handbook 4000.1, with an effective date of September 14, 2015. This is the most comprehensive overhaul of FHA appraisal guidance since 1999. Designed to be the “go-to” handbook for appraisers and lenders, this publication consolidates FHA requirements into one single authoritative source, instead of having requirements scattered throughout several different handbooks and mortgagee letters. Knowledge of the new FHA Handbook will help ensure that the properties you appraise meet the government’s health, safety, and security standards. This course focuses on the new FHA Handbook 4000.1 with emphasis on revisions to FHA appraisal requirements and protocols. In addition, students will learn how to effectively stay up-to-date with FHA requirements.
This course is iPad compatible. Mortgage fraud is frequently cited as one of the primary issues that caused the collapse of the U.S. housing market in the early 2000s. Unfortunately, mortgage fraud is still a prominent issue. In fact, appraisal fraud, one of the more advanced techniques used to execute mortgage fraud, is one of the fastest growing financial crimes in the real estate industry, resulting in billions in losses in the U.S. As a practicing real estate appraiser, it is integral that you are knowledgeable of the counter measurements you can take in order to avoid mortgage fraud. Your instructor, Dan Bradley, will provide you with an in-depth look at mortgage and valuation fraud in the U.S. and the various fraud schemes that are common today. In addition, the appraiser’s role in various types of real estate and mortgage-related swindles will be examined. Finally, your instructor will outline the steps appraisers can take to limit their liability and decrease the likelihood of becoming ensnared in the web of a real estate or mortgage fraud scheme.
Approval #:31642 Sponsor Code:
Based on Advisory Opinion 11 of USPAP, the “Dirty Dozen” covers the twelve elements
that must be included in an Appraisal Report and a Restricted Appraisal Report.
As the primary means of communicating the critical aspects of the appraisal
process (including assignment results) to the client and other intended users,
developing an understanding of these content requirements is invaluable to the
appraiser-client relationship. Your instructor will provide you
with detailed information on the appraisal process as well as the various
elements of the two USPAP reporting options.
Course is iPad compatible
The 12 things that need to be in every appraisal report.
Approval #:28790 Sponsor Code:
Relocation appraisal is a
specialized field that appraisers are often tentative about pursuing, as many
certified and licensed appraisers have never accepted and/or completed a
relocation appraisal. Consequently, developing a thorough understanding of this
market segment may give you a competitive edge as a practicing appraiser. Your
instructor will provide you with in-depth information on the
relocation industry and the processes involved in completing a relocation
appraisal assignment, as well as reviewing specific terminology, forms, and
guidelines associated with relocation appraisal.
Course is iPad compatible – Calculator is Recommended
If you were called to testify as an expert witness in a court case, would you know what to do? Effective appraisal for litigation requires high levels of experience, competence, and market knowledge. This course is designed to provide the practicing real estate appraiser with an understanding of the opportunities available in litigation support assignments and will outline the various options appraisers have to expand their appraisal practice to include financially rewarding litigation support services. Additionally, this course will supply the background for the appraiser to provide a work product and testimony, provide information about the structure of a civil trial, the rules of evidence, and USPAP requirements, and explore the mechanics of a civil trial.
This advanced level course is geared toward commercial appraisers.
Though the increased number of
mortgage defaults and foreclosures in the U.S. is no cause for celebration, it
is a simple fact that they present business opportunities for appraisers. As a
practicing appraiser, it is beneficial for you to have a working knowledge of
the lending and foreclosure processes associated with Real Estate Owned (REO)
properties. Your instructor will provide you with in-depth information
on the development of the traditional approaches for residential appraisals in
addition to the unique challenges associated with REO and foreclosure
properties, from accepting an assignment to delivering a final report.
Course is iPad compatible – Calculator is Recommended
Approval #:31542 Sponsor Code:
Sitting at your keyboard writing
appraisal reports might not be the most glamorous aspect of a career in
appraisal, but it is one of the most important. Understanding the content
requirements and procedures associated with a residential appraisal report is a
critical element of your success in the appraisal profession. In this course,
your instructor will review this final step in the appraisal
process by guiding you through the different form reports and acquainting you
with other available reporting options, including narrative reports.
Course is iPad compatible
As one of the three primary
approaches commonly used by appraisers to value real property, the cost
approach is a critical part of your appraisal knowledge base. A thorough
working knowledge of the cost approach will help you produce a credible
indication of value and will help provide you with the tools to do business
with a wide range of clients. Your instructor, Alan Simmons, will equip you
with the terminology and procedures associated with cost approach, in addition
to related concepts such as alternative methods of site valuation, replacement
and reproduction cost, accrued depreciation, and market extraction.
Course is iPad compatible – Calculator is Recommended
Approval #:27281 Sponsor Code:
Green building is one of the fastest-growing segments of the construction industry today. Through this introductory-level course, you will gain a better understanding of the basics of green building and the relevance of sustainable construction and design. This course provides an overview of residential and commercial green building, including green materials, construction techniques, and third-party ratings for green structures. You will understand reporting issues related to green properties, including avoiding misrepresentation, and become aware of green MLS initiatives and energy-efficient mortgage products. This course avoids the hype and environmental hysteria, and gets to the nuts and bolts of this current issue in real property appraisal.
In addition to the end-of-chapter quizzes and final exam, each chapter contains mini-quizzes that will test your knowledge of the material. The mini-quizzes will help prepare you for not only the end-o-chapter quiz, but also the cumulative final exam at the end of the course.
Approval #:31857 Sponsor Code:
Fannie Mae and Freddie Mac recently launched the Uniform Mortgage Data Program (UMDP) initiative, which is intended to standardize data provided by lenders to these two mortgage giants. A key part of this initiative is the Uniform Appraisal Dataset (UAD). For residential mortgage lending appraisers, knowledge of the UAD will be essential to completing appraisals for lenders who sell loans to Fannie Mae and Freddie Mac. This course provides an overview of the UMDP and specific information on the requirements of the UAD. The reasons behind the creation of UMDP are explored, and the benefits to appraisers are enumerated. Key terms will be defined, including the many acronyms that are associated with the UMDP. General information about the UAD will be addressed, including its implementation date, types of loans that require UAD compliance, report form types included in the initiative, and USPAP obligations related to intended users and report content.Finally, the specific requirements of UAD are addressed in depth, with reference to specific Fannie Mae and Freddie Mac publications and guidance. Examples of compliant and non-compliant language in reports will be provided.
Approval #:30754 Sponsor Code:
This 7-Hour Residential Appraisal Review and Uniform Standards of Professional Appraisal Practice (USPAP) Compliance Course has been developed by The Appraisal Foundation. The course focuses on appraisal review assignments and the effect USPAP has on these assignments, the reviewers, and the work of appraisers involved in the assignments. With the greater scrutiny that has been placed on appraisers and the appraisal reports they produce in the past several years and, the stricter regulations from all client levels, the demand for appraisal reviews has grown. Any appraiser who is completing assignments for lending institutions is having his or her work reviewed by various individuals who have checklists, and other requirements they are verifying in conjunction with the reports being produced. Some of these individuals are appraisers who are acting in the review capacity, while others are not appraisers. The appraisers whose work is under review may or may not be aware of either the review or the review results. This course is designed to aid real property appraisers seeking a better understanding of USPAP in conjunction with producing appraisal reviews that are USPAP compliant, as well as providing additional guidance to those appraisers whose work is being reviewed. Ideally, the review process should raise the level of professionalism among appraisers, and encourage them to produce better appraisal reports.
Approval #:31093 Sponsor Code:
This course contains audio and video. Designed to introduce the appraiser to expert witness testimony and to serve as a refresher for the experienced expert witness, this course covers the JURISDICATION EXCEPTION RULE and the RECORD KEEPING RULE as they relate to expert witness testimony, as well as the differences in scope of work for those entry level assignments, an in-depth look at sworn testimony and courtroom pitfalls, and a review of expert witness protocol on the stand. This course also presents advice on how to “break into” expert witness testimony—in short, it can help you decide if the role of expert witness is right for you.
Approval #:31519 Sponsor Code:
Fortunately or unfortunately,
not all appraisals are cut-and-dried. Complex properties are often the most
difficult appraisals, requiring a simultaneous understanding of the market and
potential buyer behavior. Consequently, developing a working knowledge of this
market segment will allow you a competitive edge as a practicing appraiser. In
this course, your instructor will provide you with extensive
information on the various techniques that can be used in appraising these
unique and challenging properties.
Course is iPad compatible – Calculator is Recommended - Audio/Speakers needed
This course is developed specifically for the commercial appraiser who wants to branch out into the specialty of appraising existing assisted living facilities. The initial chapters give the appraiser a foundation in the assisted living market and explore the factors that influence supply and demand. The Sales Comparison Approach material addresses how the adjustments are unique to assisted living or adapted to assisted living. The two Income Approach chapters familiarize the appraiser with the estimation of income, expenses, and capital expenditures specific to assisted living facilities and applying the Income Approach to both stabilized and un-stabilized assisted living facilities. The course assumes that the student appraiser has training and working knowledge in the Sales Comparison Approach and the Income Approach, including Discounted Cash Flow analysis. This course ties that training to the specialty of assisted living facility appraisal.
Approval #:31189 Sponsor Code:
This course contains audio and video. These days, many appraisers are expressing dissatisfaction with mortgage lending appraisal assignments, and are turning their attention to appraisal assignments for other intended uses. Divorces and estates can be two lucrative sources of appraisal assignments; they don’t require UAD compliance and there won’t be any underwriter addendum requests or “stips.” This course will focus on the common elements between divorce and estate appraisals with primary emphasis on how these types of appraisals are different from standard mortgage lending appraisals. There will also be coverage of form differences, USPAP issues, and assignment conditions. This course will also look at the letter of engagement as a foundation for the divorce or estate appraisal assignment. Finally, marketing will be covered, including some helpful tips on how to improve your marketing skills and attract more non-lender clients.
Land and site valuations have a
number of unique factors that the appraiser must take into consideration during
an evaluation. Understanding what makes land and site appraisals so unique will
help you adequately appraise these properties — a skill which may keep you in
high demand with a variety of clients. Your instructor, Alan Simmons, will
offer you an in-depth look at valuation of land and site by reviewing specific
definitions and legal descriptions of land and site parcels.
Course is iPad compatible – Calculator is Recommended
Approval #:30589 Sponsor Code:
This course is developed specifically for commercial appraisers who want to branch out into the specialty of distribution center appraisals. Distribution centers are a very new type of distribution warehouse designed specifically for high velocity distribution to e-commerce customers. The course assumes that you have had training on the sales comparison approach and the income approach including discounted cash flow analysis. This course ties that training to the specialty of distribution center appraisal.
The initial chapters provide a foundation in the reasons why distribution centers are in demand, how they are constructed and the unique challenges they pose for appraisals. The primary physical characteristics and lease clauses influencing value are described. The sales comparison approach material addresses how adjustments are addressed and adapted to leased fee value analysis. The income approach chapters familiarizes you with how to apply both direct capitalization and discounted cash flow analysis to valuing the leased fee interest. Additional material is included to give you an introduction to fee simple value analysis for a distribution center. Depending on a client’s needs you may encounter either of these two types of assignments.
From footings and foundations to framing systems, this image-rich course covers all aspects of residential construction from the ground up. With an emphasis on new building practices and materials, key topics in this course include site preparation, insulation and ventilation, HVAC and mechanical systems. An additional section reviews recent market and building trends as well as housing for people over 55 years of age. NOTE: This course employs many drawings and photographs to illustrate our points. Illustrations by Roland Dahlquist are used with permission of Sterling Publishing Co., Inc. from DO-IT-YOURSELF HOUSEBUILDING: THE COMPLETE HANDBOOK, ©1995, by George Nash. These are the black and white line drawings that appear throughout the course. Course is iPad compatible
Approval #:31092 Sponsor Code:
This course contains audio and video. Very few appraisers intend to have a workfile that does not comply with the RECORDING KEEPING RULE of USPAP, yet, one of the most common disciplinary actions taken by licensing boards result from insufficient support, either in the report or the workfile. Too often, when appraisers think workfile “support,” they tie it to the Sales Comparison Approach, which, while important, is not enough. From the beginning (accepting the assignment) to the end (delivery of the report), the appraiser is in the “analyze and conclude” mode. Sadly, much of that is done on the fly with very little actual supporting documentation making it into the report or the workfile. This course focuses on the point of the workfile: to preserve evidence that the appraiser complied with USPAP.
As one of the three primary methods used to value real property, the sales comparison approach is a critical tool in the appraiser’s toolkit. In this course your instructor will dive deeper into the sales comparison approach, expanding on concepts learned in the Basic Appraisal Principles and Procedures courses and illustrating the key components of the sales comparison approach with examples, case studies and practice problems. While the most of the material in this course concentrates on residential properties, there is a section applicable to all kinds of income-producing properties. Mini-quizzes interspersed throughout the course will test your comprehension as you prepare you for the final exam. Course is iPad compatible - Calculator Recommended
Approval #:31376 Sponsor Code:
In recent years, the self-storage branch of the real estate industry has become a burgeoning market for practicing commercial appraisers. Familiarity with the ins and outs of self-storage appraisals is beneficial, particularly as knowledge of this specialized market will attract a wide range of investors and clients alike.
Your instructor, Tracy Martin, will provide instruction on this continuously
growing market by introducing you to the fundamentals of self-storage facility
Course is iPad compatible – Calculator is Reccomended
According to a recent Pew study, there are over 160,000 fast food restaurants in the United States. For commercial appraisers looking to branch out into this specialized area, this course reviews leased fee valuation, the sales comparison and income approach and the discounted cash flow analysis as they relate to appraising fast food restaurants. Given the immense popularity of fast food in the United States, it’s important for an appraiser to understand the unique aspects of these facilities, from their physical characteristics to the lease clauses influencing value. Additionally this course touches on fee simple value analysis and going concern value analysis for fast food restaurants. Course is iPad compatible - Calculator Recommended
Approval #:31094 Sponsor Code:
This course contains audio and video. Disciplinary cases against appraisers are on the increase throughout the United States due to several factors, including the Dodd-Frank requirement that lending institutions and AMCs must report suspected violations of USPAP to state enforcement agencies. This course is designed to make the appraiser aware of what not to do by presenting not only guidance, but also a significant number of actual appraiser disciplinary cases. These cases demonstrate the types of violations that are prosecuted by state appraisal enforcement agencies, as well as the types of disciplinary sanctions handed down by these agencies. The applicability of USPAP will be addressed, along with examples of significant willful violations, and minor errors that affect the credibility of assignment results.
Approval #:30588 Sponsor Code:
This course was developed specifically for the commercial appraiser who wants to branch out into the specialty of limited-service hotel appraisals. It is the starting course for hotel appraisers. The course assumes that the student appraiser has had training on the sales comparison approach and the income approach including discounted cash flow analysis. This course ties that training to the specialty of limited-service hotel appraisal. The initial chapters give the appraiser a foundation in the hotel market and the factors that influence supply and demand. The sales comparison approach material addressed how some adjustments are unique to hotels or adapted to hotels. The two income approach chapters familiarize the appraiser with how to: (1) To understand the estimation of income, expenses and capital expenditures specific to limited-service hotels and (2) To apply the income approach to both stabilized and un-stabilized limited-service hotels as well as those requiring renovation.
Approval #:27280 Sponsor Code:
Legal terminology may be its own
unique language, but due to the nature of the valuation profession, all
appraisers should be familiar with the basics of real property legal terms.
Understanding these elements of the appraisal process will allow you to more
effectively assess and value property assignments. Your instructor, Tracy
Martin, will help demystify the numerous legal facets of a real estate
transaction, including warranties, deeds, public records, constructive notices,
and land descriptions.
Course is iPad compatible
With the current ups and downs of the U.S. economy, hotels are experiencing a fluctuation of occupancies, room rates, and profits. These are challenging times for real estate appraisers, particularly those who wish to branch out into the specialty of full-service hotel appraisals. In order to develop accurate and realistic assessments of value on full-service hotel properties, the appraiser must be able to apply the most effective valuation methods and be knowledgeable of hotel operations. This course was developed specifically for the commercial appraiser who wishes to enter the field of full-service hotel appraisals. Your instructor will provide you with a solid foundation in the hotel market by exploring the factors that influence supply and demand, in addition to the sales comparison approach and the income approach. This course assumes that the student appraiser has had training on the sales comparison approach and the income approach, including discounted cash flow analysis. This course ties that training to the specialty of full-service hotel appraisal.
Industrial incubators have existed for over two decades, but have only recently been recognized as a separate type of industrial property. Small industrial warehouse users have different needs and priorities that influence design and appraisal analysis. As a practicing appraiser, it is important that you are able to differentiate the industrial incubator category from other industrial property types so that you are able to select proper comparable properties and make appropriate valuation adjustments.
This course is developed specifically for the commercial appraiser. This is believed to be the first course for appraisers which has focused on appraisal of owner occupied commercial properties. For many categories of commercial properties, there are substantial percentages of properties that are either 100% owner-occupied, partially owner-occupied or subject to a lease between related entities under the same owners. Virtually every appraiser will be called upon to appraise such properties on multiple occasions. Many questions arise with appraisal of owner-occupied properties that do not come up with investor-owned properties.
It's not news that one of the most sought after commodities on the real estate market is commercial property. While the more common type of commercial lease is for space within a retail or office building, ground leases present unique and mutually beneficial opportunities for both landowners and tenants. As a practicing appraiser, a thorough understanding of the multiple components of ground leases will give you a helpful edge when it comes to valuing commercial real estate, as well as provide you with tools to work with a wide variety of clients. This course will give the appraiser a foundation in the reasons why ground leases are used, how they are structured, and the unique challenges they pose. Additionally, this course will cover the primary physical characteristics and lease clauses that influence the value of ground property.
Perhaps one of the most difficult aspects of appraising real estate is that it is not an exact science. The appraiser must base his or her analysis of the value of a property upon the ever-changing relationship between the real estate market and the consumer. As a practicing appraiser, familiarity with the fundamental concepts of analysis will help you to understand the factors that can potentially affect your valuation of a property. This course will examine both new and old methods of valuation analysis. Statistical techniques are employed allowing the appraiser to penetrate the veil which cloaks the inner workings of the various analyses. This will result in a specific step-by-step process that appraisers can use in every analysis they perform. Covered methods and techniques include regression analysis, valuation modeling, and statistical analysis using spreadsheets.Note: This course requires the use of Microsoft Excel with macros enabled. It will be very difficult to replicate the operations necessary to complete this course without Excel or a similar program.
Approval #:29957 Sponsor Code:
This course identifies the unique attributes of apartment complexes and their associated three markets: apartment properties that are bought and sold, vacant sites and the associated rental market. While the skills learned in this course will be applicable to a variety of apartment properties, it is geared towards small apartment complexes, or those between 5 to 20 units. Course also contains contemporary statistical analysis techniques as well as traditional methods of valuation, in addition to a real world case study and several "Deeper Thinking" topics.
An appraiser’s property visit for an FHA loan is the fodder for many a misconception by buyers, sellers, real estate professionals, and even lenders. Anecdotal accounts of real estate agents counseling FHA buyers not to get a home inspection because “If there’s anything wrong with the house, the FHA appraiser will find it” cause chills to run up appraisers’ spines. HUD itself helped to foster this misconception over 15 years ago, with its infamous television commercials showing an appraiser tugging on pipes in the basement of a dwelling. FHA appraisals are not home inspections, and appraisers know this. But there is another more recent misconception, perpetuated by some lenders – namely that FHA appraisals are the same as conventional appraisals. They are not, as we shall see. This is a non-credit course, which is designed to introduce you to a property observation checklist that can be used when appraising a property for an FHA loan. More detailed and specific information is available in another McKissock course titled The NEW FHA Handbook 4000.1. At this point, we must disclaim that no course or checklist can possibly address all of the possible situations that an appraiser may encounter out in the field. As such, this course and the checklist are not intended to be a substitute for a thorough reading and understanding of applicable HUD/FHA handbooks, guides, and mortgagee letters.
This is a non-credit course.
Non-appraisers are often asked to evaluate reports for compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).
This online course was developed by The Appraisal Foundation (TAF) and is specifically intended to assist lending professionals in better understanding USPAP and its relevance in the lending process. The course will also facilitate a better understanding of property appraisers’ USPAP-related obligations in an assignment and will provide lender personnel with knowledge to better evaluate an appraisal report for USPAP compliance. This program is not intended to provide training for those performing appraisal review (as defined in USPAP) assignments.
This course was developed by The Appraisal Foundation (TAF) and is specifically intended to assist state regulatory agencies in better understanding the Uniform Standards of Professional Appraisal Practice (USPAP) and their relevance in, and applicability to, state enforcement programs. This course will also facilitate a better understanding of property appraisers’ USPAP-related obligations in an assignment and will provide the regulatory professional with knowledge to better evaluate an appraisal report for USPAP compliance. This program is not intended to provide training for those performing appraisal review (as defined in USPAP) assignments, nor is it meant to replace the USPAP publication itself. The course serves as an enhancement to understanding the flexibility and practicability of USPAP as it relates to real property valuation.