This product is a recording of an Appraisal Institute webinar series. Once the Appraisal Institute confirms your payment, you will receive an e-mail containing a link to the webinar recording and materials.
Please note: The interactive features of the webinar (e.g. poll/survey questions and the final evaluation) are NOT available in the recording. Appraisal Institute continuing education credit is NOT available for viewing the recording.
Commercial Real Estate Training
Date: March 2019
Duration: 8 hours over 4 parts
Understand appraisal and work smarter! This Appraisal Institute 4-part program was specifically designed to educate lending, credit, audit or risk management staff who handle appraisal engagement, review and evaluation. The instructor covers the material, brings in handy checklists, and answers questions.
Part 1: CRE Engagement: Federal Banking and Appraisal Regulations
Cover the federal appraisal regulations and federal banking regulations governing single – unit (family) residential and commercial real estate. Learn about USPAP and its 3 rules for appraisers-Ethics, Competency, and Scope of Work. Learn how to select an appraiser, order an appraisal, monitor a vendor panel, and which documents lenders must provide to the appraiser.
Part 2: The Art of Commercial Appraisal Review
Find out what a review is, who can do a review, how to determine if a report is a review, the purpose of the review and the level of competence assumed under USPAP’s Competency Rule. Scope of work is covered in detail and examples are provided.
Part 3: Sales Comparison Approach - A Case Study
Cover sales comparison approach to complete an appraisal review or evaluation of a land parcel. Discuss usefulness of sales comparison approach for different types of properties. Introduce scope of work issues – number of sales required, client requirements, level of data confirmation, level of comparison and analysis.
Part 4: Income Approach - A Case Study
Discuss properties for which the income approach is used. Scope of work issues are discussed as to the appraisal, evaluation and appraisal review. The case study demonstrates how to estimate income from all sources, adjust for market vacancy and collection loss, deduct expenses, and use direct capitalization.
Instructor and Developer: George R. Mann, MAI, SRA, AI-GRS
The views and materials presented in this webinar represent only the opinions and views of the presenters and/or speakers. Although the materials may have been reviewed by members of the Appraisal Institute, the views and opinions expressed herein are not endorsed or approved by the Appraisal Institute as policy unless adopted by the Board of Directors pursuant to the Bylaws of the Appraisal Institute. While substantial care has been taken to provide accurate and current data and information, the Appraisal Institute does not warrant the accuracy or timeliness of the data and information contained herein. Further, any principles and conclusions presented in this webinar are subject to court decisions and to local, state, and federal laws and regulations and any revisions of such laws and regulations.
This webinar is presented for educational and informational purposes only with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting, or other professional advice or services. Nothing in these materials is to be construed as the offering of such advice or services. If expert advice or services are required, readers are responsible for obtaining such advice or services from appropriate professionals.