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What Commercial Clients Would Like Appraisers to Know: How to Meet Their Expectations

    Online Education
 
  Seminar    
Category  General [Gen]  
Attendance Hours  7.0  
Current Price  $ 114.00 AI
$ 137.00 Full
 
  Instructor    
Jim D. Amorin, MAI, SRA  
    
 
  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:
Many times appraisers don't receive feedback from their clients after they complete the report. Did the report meet, exceed, or fall short of their expectations?

By taking this seminar, you'll understand what bothers commercial clients most about appraisal reports, and the analysis and items many appraisers typically miss. Hear what your clients don't tell you...and why they don't rehire you. We asked the Appraisal Institute's Client Advisory Committee, a committee comprised of governmental agencies, commercial lenders, and non-traditional residential clients to provide us with examples of the most problematic issues they face when reviewing appraisals. Explore all those issues and gain specific insights into areas where your reports might be lacking. Throughout the class we will discuss commercial issues and how we can provide a higher level of service to our clients.

Learn the best practices to use when performing valuation assignments. You'll be able to reach a mutually beneficial course of action that will lead to repeat assignments. Major areas that cause concern to clients will be addressed, including client regulatory needs, legal descriptions, easement language, appraisal report exhibits, special issues related to vacant land, sensitivity of DCF inputs and more. After this seminar, you'll better meet your clients needs and prepare reports that are logical, thorough, and accurate.

Syllabus:
Module 1: Basic Appraisal Issues
Module 2: Understanding Client Regulatory Needs
Module 3: Are You Overlooking These Items?
Module 4: Market Analysis and Highest and Best Use
Module 5: Approaches to Value
Module 6: Reconciliation

Learning Objectives:
  • Recognize the distinctive differences between the client and the intended users.
  • Understand when it is appropriate to re-address, re-assign, and re-appraise.
  • Recognize the basic requirements of FIRREA and the client’s needs when involved in a federally related transaction.
  • Recognize the important components of properly identifying the subject property through the legal description and other indicators.
  • Recognize the criteria for highest and best use and how they help support your opinion.
  • Recognize how surrounding area and neighborhood analysis play an important role in highest and best use.
  • Recognize special issues related to the sales comparison approach for vacant land.
  • Consider each of the elements of comparison and choose the best one for the sales comparison approach for vacant land and improved properties.
  • Recognize whether the thread of logic tracks from the beginning to the end of the appraisal report.
  • Be able to identify which approaches to value have been used in solving the problem.

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

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      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.


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