CHICAGO (Feb. 12, 2009) – The Appraisal Institute is proud to introduce its newest seminar, Commercial Appraisal Engagement and Review, which will premiere March 2, 2009, in Tigard, Ore. Designed for lenders and appraisers, this timely seminar will explore how appraisal work fits into financial institutions’ regulatory scheme and what happens to an appraisal once it leaves the appraiser’s hands.
"The operating procedures and regulations that govern the financial industry have changed dramatically in recent months," explains Jim Amorin, MAI, SRA, 2009 president of the Appraisal Institute. "Therefore, it is vital that both bankers and appraisers familiarize themselves with the current regulatory environment within which financial institutions are working and find out how to effectively review commercial appraisal reports using updated guidelines."
Created as a 7-hour seminar, Commercial Appraisal Engagement and Review addresses the elements of an assignment necessary to order an appraisal and how an appraisal is used in the underwriting process. Upon completion of this seminar, participants will be able to identify the regulations that govern real estate appraisals prepared for financial institutions; recognize Uniform Standards of Professional Appraisal Practice (USPAP) rules and standards that impact federally related transactions; and understand current issues in appraisal regulatory compliance.
The Appraisal Institute’s Commercial Appraisal Engagement and Review is set to premiere March 2, 2009, at the Phoenix Inn and Suites, in Tigard, Ore. Participants will receive 7 hours of Appraisal Institute continuing education credit as well as 7 hours of state continuing education credit. (Check with your state board for state approval information.) The cost to enroll is $139 for Appraisal Institute members; $239 for nonmembers. To register, click here or call 312-335-4140.
In addition to its premiere, the Appraisal Institute’s Commercial Appraisal Engagement and Review seminar will also be held in Phoenix, Ariz. (March 4); Bedford, NH (March 19); Cincinnati, Ohio (March 27); Chicago, Ill. (March 30); and Denver, Colo. (April 1). For more information or to register, click here.
The Appraisal Institute is a global membership association of professional real estate appraisers, with 25,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information regarding the Appraisal Institute, please visit www.appraisalinstitute.org.