28-hr Self-Paced Online Renewal Package
ABOUT THIS PACKAGE
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HOW IT WORKS:
- Step 1: Review courses offered in this package.
- Step 2: Select ENROLL to buy this package as-is.
- Step 3: Need to swap courses? Click HERE to choose course options.
WHY IT’S FOR YOU
- You are licensed in South Carolina (or multiple states) and require license renewal or additional credit.
- As a busy appraiser, a self-paced learning approach best fits your lifestyle.
- You require basic cycle renewal hours, including national USPAP.
28 hours of self-paced online courses for South Carolina renewal
Phone and email support, 7 days a week
Automatic report of course completions to South Carolina
Completion certificates for South Carolina
2022-2023 7-hour National USPAP Update Course (7 hrs)
The FHA Handbook 4000.1 (7 hrs)
Residential Construction and the Appraiser (7 hrs)
That's a Violation (4 hrs)
Market Disturbances-Appraisals in Atypical Markets and Cycles (3 hrs)
The FHA Handbook 4000.1
Residential Construction and the Appraiser
Supporting Your Adjustments: Methods for Residential Appraisers
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.
Complex Properties: The Odd Side of Appraisal
However, a lot of these techniques touted as “the future of appraising” fall short when the subject property is not a cookie-cutter house located in a neighborhood or subdivision consisting of homogenous properties. Appraisals of complex and non-conforming properties require knowledge of many different types of appraisal techniques, creativity, and a positive attitude. We will cover several different techniques in this course, and demonstrate how creativity (e.g., use of non-traditional appraisal techniques) can be employed to solve appraisal problems. The positive attitude, however, is up to you.
This course is intended to be meaningful and relevant for experienced appraisers and novice appraisers alike. Newer appraisers are likely to find lots of new and good information in this course. More experienced appraisers are expected to receive a few tips and tricks, and also get some affirmation about their current appraisal practices.
This course is intended to cover complex residential properties (i.e. 1- to 4-unit residential properties) although much of the information imparted in this course could also be applied to the appraisal of non-residential properties as well.
Appraisal of REO and Foreclosure Properties
Examination of an appropriate scope of work for an REO appraisal is discussed and explained, with special attention to the differences between traditional mortgage appraisal assignments and foreclosure assignments. Special attention is paid to clearly identifying the definition of value as well as assignment conditions and requirements from clients and intended users such as Fannie Mae and HUD/FHA.
We will cover the concepts of cost to repair and cost to cure, along with data sources to support cost estimates, as well as investor incentive (risk demand) estimates extracted from the market.
Appraising Today's Manufactured Homes
Manufactured homes are an important part of the American housing market. This course will examine the general topic of factory-built housing and then focus on manufactured housing. The history of manufactured housing will be explored along with details of the HUD Code for manufactured housing. We will also introduce MH Advantage® which is Fannie Mae’s program to help ease the nation’s affordable housing shortage by providing financing on modern, high-quality manufactured homes. Guidelines for appraising manufactured homes for Fannie Mae, Freddie Mac, FHA, VA and USDA will be covered. We will examine the 1004C form, which is the Fannie Mae/Freddie Mac form designed for reporting the appraisal of a manufactured home and finally, we will address sources for cost data for manufactured homes.