Analyzing Defects, Damages, and Deficiencies in the New URAR

• Understand how USPAP and GSE requirements relate to reporting and analyzing defects, damages, and deficiencies (3Ds).
• Review the new URAR certifications related to the 3Ds.
• Understand how and where to input the 3Ds in the new URAR.
• Understand how the new URAR dynamically changes in response to the 3Ds.
• Effectively report and analyze defects in the new URAR.
• Effectively report and analyze damages in the new URAR.
• Effectively report and analyze deficiencies in the new URAR.
• Reconcile an opinion of repair cost.
• Gain awareness of legal and ethical scenarios.
• Effectively report and analyze the 3Ds in terms of functional obsolescence and real property rights.

Program Overview:

• USPAP and Certifications
• Safe, Sound, and Secure

• Definition of Significant, C5 and C6, Completion Inspections

• Case Study 1

• Defects/Case Study 2
• Damages/Case Study 3
• Deficiencies/Case Study 4

• Sources of Repair Cost Information
• Case Study 5

• Defect, Damage, or Deficiency?
• Functional Obsolescence/Case Study 6

• Rights in Real Property/Case Study 7

• Conclusion, Final Remarks, and Class Q&A

• Case Study 8: Detrimental Easement/Extraction Analysis
• Other Rights in Real Property/Life Estate
• Case Study 9: Overly Restrictive Covenants, Conditions, and Restrictions

• Sample Derivation of Entrepreneurial Incentive
• NEW--Disaster Mitigation Section of URAR
• NEW--Accessibility Features Section of URAR

Assignments:

None

Requirements:

Important Preclass Download Assignment: For the best learning experience, it is imperative that you download the materials prior to class and come prepared to take notes. You can either print the handbook or bring a laptop with materials saved where they are ready to be accessed.

Participants are encouraged to have taken the seven-hour Appraiser's Guide to the New URAR course before this course.