Appraisal of Manufactured Homes
Register
- Date
- On Demand
- Location
- Sponsor
- Appraisal Institute
- Instructor
- Kenneth G. Foltz, MAI, SRA
- Class Time
- 7.5 Hours
- Exam Time
- 1 Hour
- Full Price
- $145.00
- AI Price
- $120.00
Course Description
This course, developed in collaboration with Freddie Mac, provides an in-depth look into preparing appraisals for traditional manufactured homes plus insight into CHOICEHomeSM—the new type of high-quality manufactured homes that are built to HUD code but developed with site-built features. You’ll learn how to meet the specific requirements of Freddie Mac, the Federal Housing Authority (FHA), Veteran’s Administration (VA), United States Department of Agriculture (USDA) and Fannie Mae using a new, ground-breaking tool—the Manufactured Home Quality Rating Worksheet – which is consistent with the Marshall & Swift®—CoreLogic Residential Cost Handbook and the Uniform Appraisal Dataset (UAD).
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Who Should Enroll
AI CE Points
Attend:
35
Attend & Pass Exam:
40
Pass Only:
5
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 8.5 | 7.5 | 1 | Online | Online | 02/17/2021 | 02/11/2024 | 18155 |
| AR | CE | 7.5 | 7.5 | Online | Online | 12/15/2022 | 12/10/2024 | ||
| AR | CE | 8.5 | 7.5 | 1 | Online | Online | 12/15/2022 | 12/10/2024 | |
| AZ | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| CA | CE | 7 | 7 | Online | Online | 11/13/2020 | 11/12/2024 | 20CP754601452 | |
| DE | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| IL | CE | 7 | 7 | Online | Online | 01/28/2021 | 12/31/2024 | 575.010460 | |
| IN | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| MD | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| ME | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| MN | CE | 8.5 | 7.5 | 1 | Online | Online | 12/10/2020 | 12/31/2024 | 1030702 |
| NC | CE | 7.5 | 7.5 | Online | Online | 01/01/2023 | 12/31/2023 | ||
| NE | CE | 7.5 | 7.5 | Online | Online | 11/06/2020 | 11/06/2025 | 2202444.02 | |
| NJ | CE | 8.5 | 7.5 | 1 | Online | Online | 11/18/2020 | 2020-3321 | |
| NJ | CE | 7.5 | 7.5 | Online | Online | 11/18/2020 | 2020-3321 | ||
| NY | CE | 8.5 | 7.5 | 1 | Online | Online | 01/01/2023 | 12/31/2023 | A5223-8.5 |
| OH | CE | 7.5 | 7.5 | Online | Online | 01/01/2023 | 12/31/2023 | 923301503A 22 | |
| PR | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| SC | CE | 8.5 | 7.5 | 1 | Online | Online | 09/01/2022 | 08/31/2024 | DE1925 |
| VA | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
| VT | CE | 7.5 | 7.5 | Online | Online | 10/27/2020 | 10/27/2024 | CA-6651 | |
| VT | CE | 8.5 | 7.5 | 1 | Online | Online | 10/27/2020 | 10/27/2024 | |
| WI | CE | 8.5 | 7.5 | 1 | Online | Online | 10/14/2023 | 10/13/2026 | 75721 |
Course Objectives
- Identify the multiple types of factory-built housing including manufactured home, Next Generation manufactured home, modular home, and panelized home.
- Recognize the distinctive construction qualities of manufactured homes and how they differ from site-built homes.
- Understand the specific secondary market appraisal requirements of Freddie Mac, FHA, USDA, VA, and Fannie Mae.
- Understand proper data collection techniques for manufactured housing.
- Develop an overall quality rating for manufactured homes using the Manufactured Home Quality Rating Worksheet.
- Report accurate results of a manufactured housing appraisal on a Freddie Mac Form 70B (FNMA form 1004C).
- Develop the cost approach for both a manufactured home and a Next Generation manufactured home using the Marshall & Swift®—CoreLogic Residential Cost Handbook.
- Use the sales comparison approach for a manufactured home appraisal and apply new techniques when appraising a Next Generation manufactured home.
Course Details
Online
Prerequisites
- Licensed and Certified Residential or Certified General
- Working knowledge of the Marshall & Swift®—CoreLogic Residential Cost Handbook
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 12/31/2050 |
$145.00 | $120.00 |
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