This course was written and produced by The Appraisal Foundation and is being presented through a partnership with McKissock.
One of the most common errors made by appraisers in both residential appraisal assignments is letting the appraisal report form control the appraisal process and/or the report content. A preprinted appraisal report form, such as Fannie Mae/Freddie Mac URAR form, is not, by itself, an appraisal report. Rather, it is a container for an appraisal report. The appraiser must properly “fill” the container (i.e., provide sufficient information so that intended users can understand the report properly) in order to produce a USPAP-compliant appraisal report. In this course, we will examine appraisal report forms and their use and will also address some of the most common deficiencies that are encountered in residential appraisal reports.