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Residential Applications: Using Technology to Measure and Support Assignment Results

CALL   Date: February 22, 2013   Location: Pittsburgh, PA
 
  Seminar    
Category  Residential [Res]  
Attendance Hours  7.0  
Current Price  $ 145.00
 
  Instructor    
Mark V. Smeltzer, SRA  
    
 
  Location    
Name  Pittsburgh Metropolitan Chapter  
Address  1427 W. Liberty Ave.  
City  Pittsburgh  
State  PA  
Zip  15226  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Pittsburgh Metropolitan
Website  www.pghai.org  
Contact Name  Mary Ann Hertzig  
Email  maryannh@realtorspgh.com  
Phone  (412) 563-1900  
 
  Description    

This seminar provides easy-to-use, highly efficient tools to supplement and enhance the traditional methods of adjustment and support through the use of technology. You will gain practical, hands-on, step-by-step training on how to use charts, graphs, spreadsheets, and pivot tables to support residential assignment results for market conditions; days on market, sales-to-list price ratio; adjustments for location, design, quality of construction, and other property amenities; market extraction for cost and depreciation estimates; and market extraction for market rent and gross rent multipliers.

"I created this pivot table in less than 10 minutes to prove a swimming pool adjustment. Supporting my adjustments are much easier now that I attended the Residential Applications seminar and learned to use Excel with data downloaded from the MLS."

-- Sandy Adomatis, SRA

Participants will learn how to provide market-derived support for the following assignment results:

  • Market conditions
  • Days on market
  • Sales-to-list-price ratio
  • Adjustments for location, design, quality of construction, and numerous other property amenities
  • Market extraction for cost and depreciation estimates
  • Market extraction for market rent and gross rent multipliers
This seminar provides easy-to-use, highly efficient tools to supplement and enhance the traditional methods of adjustment and support through the use of technology. Residential appraisers of the future may be required to use these tools to produce slick, professional charts and graphs as clients become more technologically sophisticated.

At the conclusion of the seminar, participants will be able to:
  • Recognize the connection between statistics and residential appraising.
  • Apply graphic analysis to solve and support market analysis issues.
  • Apply graphic analysis to support conclusions for the three approaches to value.
  • Apply Excel techniques to analyze data that can be imported into the Fannie Mae 1004MC appraisal report form.
Prerequisites
This seminar is for participants with a basic level of knowledge of spreadsheets, especially Excel, such as those obtained from

Note. This seminar will be taught from Windows using Excel 2007. If you are taking the seminar and plan to use an Apple laptop, you will need to have the latest version of Excel (2011) in order to perform some of the exercises. 

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  Equipment    
AI strongly recommends, but does not require, that participants bring a laptop computer to class. All participants with a laptop MUST HAVE Microsoft Excel 2007 or 2010 loaded and operational. No version prior to Excel 2007 will be taught in the seminar.

Note. This seminar will be taught from Windows using Excel 2007. If you are taking the seminar and plan to use an Apple laptop, you will need to have the latest version of Excel (2011) in order to perform some of the exercises.

Be sure that Solver Add-in and Analysis Tool Pak Add-in are installed prior to class.

If you do not currently own Excel, you can download a free copy for 60 days at http://office.microsoft.com/en-us/try.

Note. This seminar is hands on! When participants receive a registration e-mail confirmation, a secure link will be available where they will be instructed to download Excel files to use for in-class exercises. These files must be downloaded prior to the seminar.
 
  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 can be downloaded by the student or can be picked up at the site.
 
  Additional Information    
This Course will be held at 1427 W. Liberty Avenue, Pittsburgh PA 15226 (1/2 mile south of the Liberty Tunnels). Check in anytime between 8-8:30am class begins at 8:30am. Tuition includes material and coffee breaks..no other food included..student on their own for lunch.
Laptop is required for this course with 2007 Excel loaded into the laptop. Free copy can be obtained at http://office.microsoft.com/en-us/try.

Hotel in the area: Best Western-Parkway Center-, 875 Greentree Road, Pittsburgh PA 15220 (412-922-7070) Room rate of $89 advise that you are with the Appraisal Institute. The Best Western offers a continental breakfast, wi-fi and fitness room.

OR TRY PRICELINE.COM A NUMBER OF STUDENTS WERE ABLE TO GET BETTER RATES AT SOME OF THE OTHER HOTELS IN THE AREA BY USING PRICE LINE.COM.

Any questions contact Mary Ann Hertzig at 412-563-1900 or maryannh@realtorspgh.com.


•  www.pghai.org