Explore the different types of appraisal techniques and creative methods needed to appraise complex and non-conforming properties. 

COURSE HIGHLIGHTS: 

• Examine several different appraisal techniques and learn how creativity (e.g., use of non-traditional appraisal techniques) can be employed to solve appraisal problems
• Review complex residential properties (i.e. 1- to 4-unit residential properties); learn how the techniques also apply to the appraisal of non-residential properties 
• Course designed for novice and experienced appraisers

This course is intended to assist appraisers in understanding the need for and requirements to develop a limited scope appraisal for use in certain types of residential lending and servicing.  The discussion of several different types of limited scope appraisals involves the development and reporting of the appraisal in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP).  

Course highlights: 

• Compare and contrast the most common alternative valuation products
• Recognize when an approach may be omitted from a limited scope appraisal assignment 
• Be able to comply with USPAP STANDARD 2 requirements for written appraisal reports
• Apply the concepts learned in the course to the review of a limited scope appraisal assignment and report 

This course is iPad compatible. 

Manufactured housing is very different than conventional “stick built” housing and other factory built housing. As such, it has very specific appraisal requirements which must be met for entities such as Fannie Mae, FHA, USDA and VA. 

In this course we will discuss the history of manufactured housing and the different “types of factory-built homes” and the importance of the HUD Code. We will examine some manufactured home facts and relevant statistics and the importance of understanding the difference between real and personal property. Since manufactured housing has very specific appraisal requirements we will review the importance of keeping current with respect to these appraisal requirements or guidelines and how to keep up to date with appraisal protocol. 

Two critical elements of appraising manufactured homes, the HUD data plate and HUD label will be reviewed and explained. Now that we have gained a general understanding of manufactured homes, it is time to review the specific requirements for appraising them according to Fannie Mae, FHA, USDA and VA. 

We will review and explain the specific appraisal requirements required by each of the aforementioned entities. Knowledge and understanding of the guidelines will allow appraises to perform entity specific compliant appraisals. Building on the general knowledge and specific appraisal requirements of Fannie Mae, FHA, USDA and VA we will them illustrate how to complete the appraisal report on the manufactured housing report form 1004C. Line by line illustrations and instructions will be provided including the cost approach section. 

Completing this course should prepare you to successfully complete compliant appraisals and reports for manufactured housing.

Whether your sales and rental data is plentiful or scarce, this course will uncover methods to strengthen your appraisal quality through supporting your adjustments. 

COURSE HIGHLIGHTS: 

• Examine the appropriate methodologies to develop and support adjustments using the Sales Comparison approach
• Learn the proper sequence of adjustments 
• Discover the numerous methods of developing gross living area, bedroom, and bathroom adjustments 
• Improve your income capitalization skills to develop and support adjustments 
• Get insights on developing market-based adjustments for changing market conditions over time, builder upgrades, sales concessions, basements finishes, outbuildings, accessory dwelling units, and view amenities
• Audio and video included in course

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. 
 
COURSE HIGHLIGHTS 

• Learn detailed information on the appraisal process and the various elements of the two USPAP reporting options 
• Uncover the distinctions between appraising and reporting
• Gain insights on reporting forms