Michigan Appraisal Continuing Education & License Renewal

 WHY IT’S FOR YOU 

• You are licensed in a single state or multiple states and need to renew your license
• You want to take more than the required education hours
• You want the option to take courses in multiple formats at the package savings
• You want access to professional development tools, discounts and MORE

WHAT’S INCLUDED 
Includes All Available Mandatory and Elective Courses Required for Renewal (fulfills requirement)
Customer Phone and Email Support 7 Days a Week
Education Reported to the State Where Required
Completion Certificates in Every State you are Licensed
Monthly Pro-Series Webinars - an annual $863 value
Appraisal Professional Development Content Library
Online Appraisal Community
Industry Partner Discounts,
2 Years UNLIMITED Access
2 Payment Options 

*This is an auto-renew membership. Two-year commitment is required at the time of initial purchase. Additional terms are for two-years each.

Get up to speed on the latest edition of USPAP with The Appraisal Foundation’s official online course. This course will cover all the revisions in the 2020-2021 version of the National USPAP Update course plus it will help you apply the requirements of USPAP in situations that occur during your day-to-day work.

COURSE HIGHLIGHTS:

• Gain fluency and mastery in USPAP concepts and applications
• Go in-depth on the issues that affect your daily appraisal practice
• Learn through the use of peer-polls, quizzes, course video and downloadable aids

This course is iPad compatible. 

The need for appraisal reviews has increased in recent years for a variety of reasons: more pressure on lenders to evaluate the reliability and accuracy of appraisals, state laws requiring AMCs obtain appraisal reviews on certain percentages of appraisal reports received, more lawsuits, follow up steps related to bank-acquired properties following foreclosures, and many other reasons. However, the industry continues to have few review designations and there is no appraisal review license issued. 

This course is designed to provide training to current appraisers who are interested in mastering the nuances and pitfalls that come with appraisal review, specifically reviewing residential appraisal reports, mainly for lending uses. The course begins with looking at the why, what, and how of appraisal review. After those basics, the Review Standards themselves and Rules are examined, with a strong focus on example scenarios, sure to bring out good discussions in a classroom environment. Additionally, these units tie together the associated components of the Development and Reporting Standards, rather than simply examining Development in one chapter and then Reporting in the next; this approach ensures that there is an immediate understanding of the practical implications on the report itself. The next chapter focuses on the flexibility of a review’s scope, common forms as they relate to the scope of work, and distinguishing between statements that infer a value opinion and those that do not. What do we actually measure the appraisal report against? This is the question we answer in the next three chapters, looking at the Standards for appraisals, unacceptable practices and common errors, and typical client and user expectations. While report and scenario examples are used throughout the report, longer report examples are discussed in the final chapter, along with revisiting ethics.

Stay updated on Fannie Mae’s appraisal guidelines and requirements that appear in the Fannie Mae Selling Guide.

COURSE HIGHLIGHTS:

• Tackle the misconceptions and myths about the guidelines and requirements 
• Discuss case studies and questions related to real-life situations 
• Learn the ins and outs of the Uniform Appraisal Dataset (UAD) data entry errors, the Appraisal Quality Monitoring (AQM) initiative and Fannie Mae’s Collateral Underwriter
• Audio and video included in course

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 

Diversify your appraisal skills with an introduction to expert witness testimony.

COURSE HIGHLIGHTS:
•Learn the difference between a factual and expert witness and the rules that apply to both
•Understand the facts you may be asked to present in divorce cases, bankruptcy cases, foreclosure cases, and Ad Valorem assessment appeals and estate appraisals
•Get comfortable with how deposition and courtroom proceedings work

Gain insights and a historical overview of the enabling legislation that created the need for appraisal licensing in Michigan. 

COURSE HIGHLIGHTS: 

• Review the various articles of the Occupational Code pertaining to real estate appraisers 
• Understand the provisions of Article 26 and how they apply to you 
• Examine the standards of conduct that licensees in Michigan are expected to follow 
• Fulfill mandatory continuing education requirement

Get up to speed on the latest edition of USPAP with The Appraisal Foundation’s official online course. This course will cover all the revisions in the 2020-2021 version of the USPAP Update for Non-Residential Real Property course plus it will help you apply the requirements of USPAP in situations that occur during your day-to-day work.

COURSE HIGHLIGHTS:

• Gain fluency and mastery in USPAP concepts and applications
• Go in-depth on the issues that affect your daily appraisal practice
• Learn through the use of peer-polls, quizzes, course video and downloadable aids

Leverage your sales comparison approach and income approach knowledge to capitalize on limited-service hotel appraisals. 

COURSE HIGHLIGHTS: 

• Gain a solid foundation in the hotel market and the factors that influence supply and demand 
• Use the sales comparison approach to uncover how some adjustments are unique or adapted to hotels 
• Use the income approach to understand the estimation of income, expenses and capital expenditures specific to limited-service hotels 
• Learn how to apply the income approach to both stabilized and un-stabilized limited-service hotels as well as those requiring renovation

Grow your knowledge of the assisted living market and explore the factors that influence supply and demand. Designed specifically for commercial appraisers. 

COURSE HIGHLIGHTS: 

• Address how adjustments are unique to assisted living or adapted to assisted living using the Sales Comparison Approach 
• Familiarize yourself with the estimation of income, expenses, and capital expenditures specific to assisted living facilities using the Income Approach 
• Learn how to apply the Income Approach to both stabilized and un-stabilized assisted living facilities

Learn how to apply the most effective valuation methods to full-service hotels and build on your knowledge of hotel operations. 

COURSE HIGHLIGHTS: 

• Learn how to develop accurate and realistic assessments of value on full-service hotels 
• Explore factors that influence supply and demand 
• Grow your sales comparison approach and income approach skills

Gain insights and a historical overview of the enabling legislation that created the need for appraisal licensing in Michigan. 

COURSE HIGHLIGHTS: 

• Review the various articles of the Occupational Code pertaining to real estate appraisers 
• Understand the provisions of Article 26 and how they apply to you 
• Examine the standards of conduct that licensees in Michigan are expected to follow 
• Fulfill mandatory continuing education requirement

Gain insights on appraisal review assignments and the effect USPAP has on these assignments, the reviewers, and the work of appraisers involved in the assignments. Course developed by The Appraisal Foundation. 
NOTE: This course is not a substitute for the 7-hour National USPAP Course, which appraisers are required to complete every two years.  

COURSE HIGHLIGHTS: 

• Gain a better understanding of USPAP in conjunction with producing appraisal reviews that are USPAP compliant 
• Get guidance and insights for the reports you produce that will be reviewed 
• Learn how to raise your level of professionalism and the standards for your appraisal reports

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

In today’s lawsuit-saturated world, it is critical for appraisers to understand the use of disclosures and disclaimers. This course will show you how to leverage disclosures and disclaimers in your everyday appraisal practice. 

COURSE HIGHLIGHTS: 

•  Gain confidence in key terminology, requirements and issues associated with disclosures and disclaimers 
• Examine disclosure requirements related to scope of work and assignment conditions 
• Uncover issues with disclosures and disclaimers when appraising environmentally-affected properties, certain property conditions and other special situations

Grow your knowledge of the assisted living market and explore the factors that influence supply and demand. Designed specifically for commercial appraisers. 

COURSE HIGHLIGHTS: 

• Address how adjustments are unique to assisted living or adapted to assisted living using the Sales Comparison Approach 
• Familiarize yourself with the estimation of income, expenses, and capital expenditures specific to assisted living facilities using the Income Approach 
• Learn how to apply the Income Approach to both stabilized and un-stabilized assisted living facilities

Appraising owner-occupied commercial properties raises several more questions than the appraisal of investor-owned properties. Commercial appraisers will find answers to those pressing questions in this course. 

COURSE HIGHLIGHTS: 

•  Get insights on how owner-occupied properties are appraised 
• Gain an understanding of the special features that bring value to owner-occupied industrial warehouses, restaurants and office buildings 
• Find answers to the top questions that arise when appraising owner-occupied commercial properties

This course is intended to provide the participant with enhanced skills as it relates to the application of direct capitalization and yield capitalization. Also covered in this course are the development of reliable effective gross income estimates, vacancy and collection loss, analysis of operating expenses, and calculating net operating income. 

COURSE HIGHLIGHTS: 

• Apply the direct capitalization process using the derivation of comparable sales method, and the band of investment method using mortgage and equity technique. 
• Use market-extracted data to complete a direct capitalization process case study to develop an opinion of value. 
• Apply the methodology of yield capitalization and its application to changing income streams for income producing properties.