Part 1 – Engaging Appraisers: Compliance with the Regulations

• Recognize 5 Best Practices for Appraisal Process Management
• Understand the appraiser's requirement to comply with USPAP Scope of Work Rule when you’re ordering a CRE appraisal
• Identify the specific federal regulations that cover appraisals

Part 2 – A Case Study using the Sales Comparison Approach for use in a land parcel

• Identify three issues to consider related to the Sales Comparison Approach
• Identify the resources available to appraisers and reviewers to make their work complete
• Recognize the appropriate methodology to complete the approach

Part 3 – A Case Study using the Income Approach

• Explore the methodology and applicable properties to use the income approach
• Learn Scope of Work issues related to appraisal or evaluation using the income approach
• 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

• Demystify the URAR report; how to analyze the appraiser’s selection of comparable sales and how to review adjustments; recognizing red flags
• Learn the steps needed to complete a real estate appraisal; consider the three approaches used to arrive at the opinion of value
• Recognize the rules on appraisal independence