New Appraisal Institute Course Teaches Review Process
December 12, 2016 08:45 AM
CHICAGO (Dec. 12, 2016) – The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today premiered a course to help appraisers work through all seven steps of the appraisal review process and apply them within a simulated, real-to-life assignment.
Attendees of the “Review Case Studies – Residential” course will apply the review process learned in “Review Theory – Residential” by walking through a case study that focuses on a two-stage review assignment.
The Appraisal Institute created the review designation program in response to the important role that appraisal review plays in risk management and mitigation for many clients and users of appraisal services.
“This course provides an excellent opportunity for appraisers, reviewers and other real estate professionals to gain hands-on knowledge that can be applied in day-to-day appraisal review situations,” said Appraisal Institute President Scott Robinson, MAI, SRA, AI-GRS. “The Appraisal Institute is proud to offer this latest addition to its review designation education line-up.”
“Review Case Studies – Residential” premiered in Chicago and will be offered at locations across the country.
Upon completion, participants should be able to:
Apply the steps of the review process to a two-stage residential appraisal report review assignment;
Evaluate and analyze key sections of the Uniform Residential Appraisal Report through an in-depth case study and work-life review applications;
Effectively develop and communicate opinions of completeness, accuracy, adequacy, relevance, reasonableness, appropriateness, credibility and reasons for disagreement; and
Evaluate appraisal errors to distinguish whether they are trivial or material from a review perspective.
Learn more about the Appraisal Institute’s new education course.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.