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    Critical Thinking & Junk Science

    September 24, 2024 Birmingham, AL
    September 24, 2024
    Birmingham, AL
    Alabama-Mississippi Chapter
    Randall Bell, MAI, PhD
    Michael Tachovsky, PHD
    Full Price
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    Enroll by September 24!
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    Today thru 09/24/2024
    $245.00 $225.00
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    Alabama-Mississippi Chapter September 24, 2024 Synchronous View Details Register
    Event Information

    Hotel Recommendations:

    Aloft Birmingham Soho Square

    Address: 1903 29th Ave S

    Homewood, AL 35209


    Grand Bohemian

    New Autograph Collection

    2655 Lane Park Road

    Mountain Brook


    Please Note: There is not a group rate or room block being held at either of these. They are merely suggestions on where to stay.


    September 24, 2024 (Central Time Zone) 

    • Registration: 8:00 a.m. central time
    • Class Begins: 8:30 a.m. central time

    Course Overview:

    The Uniform Standards of Professional Appraisal Practice (USPAP) establishes a framework that

    appraisers use when developing an opinion of value. The valuation process is a systematic

    procedure an appraiser follows to provide answers to a client’s questions about real property value.1

    It is a model that can be adapted to a wide variety of issues related to value, mass value, review,

    litigation support or consulting assignments.

    The goal of the valuation process is to deliver well-researched and supportable conclusions. The

    Critical Thinking & Junk Science course includes both principles and case studies for the appraisal

    professional. The three approaches to value (cost, income and sales comparison), coupled with

    complex issues set forth in USPAP AO-9 (cost, use and risk effects) established a solid valuation


    Critical Thinking and Junk Science expands an appraiser’s professional skill set by focusing upon

    five topics within the context of real estate valuation:

    1.Epistemologies. The academic community has long identified research methods to collect

    and build credible knowledge and are discussed within the context of valuation.

    2. Critical Thinking. Appraisers must employ an objective analysis that allows them to form

    credible opinions, especially when involving complex or “atypical” properties.

    3. Logical Fallacies. Appraisers should avoid invalid or faulty reasoning and comply with

    USPAP, and established methodologies primarily set forth by the Appraisal Institute.

    4. Cognitive Bias. Appraisers should avoid any systematic pattern of deviation from rationality

    or established standards and ethics of the appraisal profession.

    5. Junk Science. Appraisers must avoid unproven or untested tactics or theories when

    presenting an opinion of value. These tactics are explored, along with how to rebut them.

    Appraisers are licensed professionals, and their opinions should be unbiased and reflect credible

    value conclusions.3 Valuation judgements must promote transparency, minimize subjective factors,

    be applied objectively to avoid biased analyses, opinions and conclusions.

    4.Understanding these complexities helps develop a credible opinion of value. While many of these

    issues are addressed throughout USPAP, professional literature and coursework, this course focuses

    on them in a single framework.