Home | Site Map | Contact Us
  View Cart              View Cart             
0 Registrations in Cart
 
 
Welcome. If you are a returning student or previously created an AI website account, please log in.
Back to Schedule  |  Select an Offering  |  Forgot Password?  |  Create Login
 
   


Professional's Guide to the Uniform Residential Appl. Report

    Online Education
 
  Seminar    
Category  Residential [Res]  
Attendance Hours  7.0  
Current Price  $ 114.00 AI
$ 137.00 Full
 
  Instructor    
Alan F. Simmons, SRPA  
    
 
  Location    
Appraisal Institute - Online Education
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
  Appraisal Institute  
Email  OL-Help@appraisalinstitute.org  
Phone  (877) 674-2447  
 
  Description    
Overview:
This seminar was developed for residential appraisers who wish to improve their abilities in the appraisal of residential single-family properties when the intended use is to aid the lender/client in evaluating the loan collateral.

Appraisers with limited experience can use this seminar to develop a proper understanding of secondary market guidelines and reporting requirements early in their career. Experienced appraisers can utilize the seminar as a comprehensive review as well as an opportunity to hone established skills.

The seminar begins with a look at how reporting formats relate to the appraisal process, with special emphasis on problem identification through the scope of work and related USPAP concepts. The next section discusses the revised definitions, limiting conditions and appraiser’s certification. This is followed by a detailed comparison of the differences between the revised URAR form and its predecessor.

When discussing the revised URAR form, the seminar will focus on three key issues:
1) How to properly complete and report a given step in the appraisal process
2) Which Supplemental Standards might apply
3) Which parts of USPAP apply

Syllabus:
Introduction
Module 1: The Valuation Process
Module 2: USPAP Considerations and the URAR
Module 3: The 1004 Form - Page 1
Module 4: The 1004 Form - Page 2
Module 5: The 1004 Form - Page 3 and the 2055 Form
Module 6: The 1004B Form
Module 7: The Appraiser's Certifications & 1004MC
Module 8: The 1004D Form
Conclusion

Learning Objectives:
  • Appreciate how appraisal forms relate to the appraisal process.
  • Determine the appropriate scope of work in the development of a first mortgage appraisal assignment.
  • Understand the relationship between secondary market guidelines and USPAP.
  • Identify key practical considerations of the Uniform Residential Appraisal Report.
  • Maintain USPAP compliance when reporting an appraisal on the URAR.
  • Be aware of and learn how to avoid "unacceptable appraisal practices" as defined by the secondary market agencies.
  • Comprehend the new and/or revised limiting conditions and appraiser’s certification used in the URAR.
  • Be alert to liability issues exclusive to the URAR.
  • Differentiate between clients and intended users as identified in the URAR.
  • Appropriately use the Market Conditions Addendum (1004MC).

    AI CE Credit for Designated Members
    This program is approved for 1 hour of Appraisal Institute CE credit for every hour taken.

    •  
      Disclaimer    
    Cancellation Policy
    If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

    The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

    • Less than 25% of the seminar completed: $60 cancellation fee

    • More than 25% of the seminar completed: no tuition refund

    		   Transfer Policy
    If you wish to transfer a registration from one seminar to another, the following transfer policy applies based on the amount of material completed in a seminar:

    • Less than 25% of original seminar completed:
      • First transfer allowed: no charge
      • Second transfer allowed:
         $60 charge
               (for 7 hour programs and above)
         $35 charge
               (for 6 hour programs and below)
      • Any transfer not allowed beyond two

    • More than 25% of original seminar completed: no transfer allowed

    If you transfer from a lower priced seminar to a higher priced seminar, you will be responsible for paying the difference using the automated online system. If you transfer from a higher priced seminar to a lower priced seminar, an appropriate tuition refund will be issued.

    		    
    I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
     
      Additional Information    
    ONLINE CLASS ACCESS
    Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

    If you have any questions, please email us at OL-Help@appraisalinstitute.org.


    •  Online Education Homepage