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Appraising the Appraisal: Appraisal Review-General

CALL   Date: April 18, 2013   Location: Seattle, WA
 
  Seminar    
Category  General [Gen]  
Attendance Hours  7.0  
Current Price  $ 175.00 AI
$ 205.00 Full
 
  Instructor    
Richard L. Borges, II, MAI, SRA  
    
 
  Location    
Name  One Union Square Boardroom  
Address  600 University Street  
City  Seattle  
State  WA  
Zip  98101  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Seattle
Website  ai-seattle.org  
Contact Name  Darcy Galvan  
Email  aisea@qwestoffice.net  
Phone  (206) 622-8425  
 
  Description    
The art of appraisal review requires a skill set that is distinctly different from that of a field appraiser. Through this one-day seminar, professional appraisers will gain invaluable insight into client expectations regarding content and quality.

Designed specifically for appraisers who review commercial appraisals, you’ll learn how to perform review assignments efficiently and effectively. Real estate lenders and attorneys may also find this program beneficial.

While exploring techniques and methodologies of seasoned commercial review appraisers, participants will identify features of the ideal appraisal report, examine 14 warning signs of a problem appraisal, and dig into 13 examples of complex review appraisal assignments. This seminar will help reviewers spot the most common reporting deficiencies—while avoiding these reporting deficiencies in their own commercial appraisals.

At the end of the seminar participants should be able to:
  • Recognize the need for commercial appraisal reviews performed by reviewers who are cognizant of their ethical and professional responsibilities.
  • Review the impact of USPAP, FIRREA, and other regulations on the review process.
  • Identify types of commercial appraisal review assignments and the process employed in the reviewer’s scope of work.
  • Identify the analytical steps necessary to develop a review opinion.
  • Examine and analyze the component parts of a commercial appraisal report for review purposes and identify tests of reasonableness that may be applied.
  • Define six characteristics of quality appraisal reports and the role of client expectations in defining a “good” appraisal.
  • Identify and discuss 14 warning signs of a problem appraisal.
  • Illustrate 13 examples of complex commercial review appraisal assignments.
  • Discuss the process of appropriate “reviewer to appraiser” communication.
Who Should Enroll
Commercial real estate appraisers, lenders, attorneys

Note. The book Appraising the Appraisal: The Art of Appraisal Review is required for this seminar. If you do not have the book, please choose the “Register + Book” option when registering for this seminar.
 
  Equipment    
None.
 
  Disclaimer    
Cancellation Policy
  • Up To 15 days prior to program start date, $50.00 cancellation fee.
  • 2 - 14 days prior to program start date, $75.00 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment.
        


Program materials can be downloaded by the student or can be picked up at the site.
 
  Additional Information    
The Schedule
April 18
Registration: 8:00-8:30 AM
Class: 8:30-4:30 PM

Continuing Education
Full attendance of this course: 7 hrs CE

AI CE Credit for Designated members and Candidates for Designation
This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.

Attendance Requirements
100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

NOTE: If you have a disability and require accommodation, please notify the Seattle Chapter of the Appraisal Institute in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.