Part 1 – Engaging Appraisers: Compliance with the Regulations
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Recognize 5 Best Practices for Appraisal Process Management
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Understand the appraiser's requirement to comply with USPAP Scope of Work Rule when you’re ordering a CRE appraisal
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Identify the specific federal regulations that cover appraisals
Part 2 – A Case Study using the Sales Comparison Approach for use in a land parcel
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Identify three issues to consider related to the Sales Comparison Approach
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Identify the resources available to appraisers and reviewers to make their work complete
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Recognize the appropriate methodology to complete the approach
Part 3 – A Case Study using the Income Approach
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Explore the methodology and applicable properties to use the income approach
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Learn Scope of Work issues related to appraisal or evaluation using the income approach
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Understand how to estimate income from all sources – consider income streams, types of rent/leases, rent adjustments and resources to estimate market rent
Part 4 – Bonus – Single Family Residential: Understanding the URAR report
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Demystify the URAR report; how to analyze the appraiser’s selection of comparable sales and how to review adjustments; recognizing red flags
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Learn the steps needed to complete a real estate appraisal; consider the three approaches used to arrive at the opinion of value
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Recognize the rules on appraisal independence