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Welcome. If you are a returning student or member of the Appraisal Institute, please log in.  Select an Offering  |  View Cart  |  Forgot Password?  |  Create Login       Commercial Appraisal Engagement and Review Seminar CALL   Date: November 5, 2009   Location: New York, NY     Seminar     Category   General [Gen]   Attendance Hours   7.0   Current Price   $ 225.00     Instructor     Robert B. Smith, MAI            Location     Name   Real Estate Board of New York   Address   570 Lexington Ave.   City   New York   State   NY   Zip   10022     Click Here to check state approvals          Sponsor / Contact     Chapter   Metropolitan New York Website   www.aimetrony.com   Contact Name   Connie Puccio   Email   metronyai@aol.com   Phone   (866) 966-3710   Fax   (866) 966-7139       Description     Learn how appraisal work fits into financial institutions’ regulatory scheme and what happens to an appraisal once it leaves the appraiser’s hands. Become familiar with the current regulatory environment within which financial institutions are currently working and find out how to effectively review commercial appraisal reports using guidelines. Learn to understand the elements of an assignment necessary to order an appraisal and how an appraisal is used in the underwriting process while you consider the strengths and shortcomings of the three approaches to value. Discuss current changes in the financial industry and obtain a thorough and complete foundation for accurate procedures and a means of becoming current with the latest terminology, the changing regulations, and the approaches to value. At the end of this seminar participants will be able to Define a federally related transaction and recognize the regulatory environment within which financial institutions are currently working Identify the regulations that govern real estate appraisals prepared for financial institutions Recognize current issues in appraisal regulatory compliance Recognize Uniform Standards of Professional Appraisal Practice (USPAP) rules and standards that impact federally related transactions Determine options relative to scope of work and recognize how to establish an assignment and identify a client’s needs Recognize the usefulness and the rationale of the sales comparison approach for most residential and some commercial appraisal assignments Recognize the strengths and weaknesses of the sale comparison approach and when a value conclusion is understandable and convincing Recognize the type of cost approach data important to bankers and the support needed to justify the cost estimate Recognize the type of income capitalization approach data important to bankers Recognize the differences between a well-organized, coherent income capitalization approach and a weak approach     Equipment     HP-12C calculator     Disclaimer     Cancellation Policy Up To 15 days prior to program start date, refund in full. 7 - 14 days prior to program start date, $50.00 cancellation fee. Less than 7 days prior to program start date, forfeit of payment.   Transfer Policy Up To 15 days prior to program start date, no transfer fee. 7 - 14 days prior to program start date, $25.00 transfer fee. Less than 7 days prior to program start date, no transfer allowed.     Program materials will be picked up at the site.     Additional Information     This seminar will be held at the Real Estate Board of NY, located at 570 Lexington Avenue in the lower level classroom. The seminar will be held on Thursday, November 5th and Robert Smith, MAI will be the instructor. Any questions, please contact the chapter office at 866-966-3710 7 hours of CE Credits are granted by NYS, the Appraisal Institute, as well as many other states.

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