Thinking Outside the Form: Tools, Techniques, and Opportunities for Residential Appraising

• Prioritize and apply pertinent parts of the Uniform Standards for Professional Appraisal Practice that govern effective appraisal communication.
• Discern the meaning of terms such as summarize, analyze, and meaningful, as they relate to professional appraisal standards.
• Perform and report a higher level of market analysis than is typically required by preprinted residential appraisal report forms.
• Recognize the value of spreadsheets, charts, and graphs in supporting assignment conclusions.
• Write an effective highest and best use summary.
• Identify and apply six critical tests for appropriate selection of comparable sales in the sales comparison approach.
• Provide real-world solutions to appraisal problems regarding comparable selection.
• Recognize the advantages of qualitative sales comparison analysis and use qualitative techniques to provide credible assignment results when data for quantitative analysis is limited.
• Support adjustments in the sales comparison approach using tools, techniques, and methods derived from market analysis.
• Improve on the development and reporting of the cost and income capitalization approaches in residential appraisal assignments.
• Benefit from using the restricted appraisal report format in non-mortgage residential appraisal assignments.
• Recognize the process of reconciliation as one of the most useful tools available to the appraiser for analyzing, summarizing, and supporting conclusions in the appraisal report.

Program Overview:
Online Syllabus

Assignments:

Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

Equipment:
None specified

Additional Information:

Requirements:

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