Two Value Appraisals

Live stream/Synchronous Continuing Education:  2-Hours.  Please note this class is only approved for Florida and Appraisal Institute continuing education credit.

View additional offerings sponsored by the Northeast Florida Chapter

Seminar Description:  Some appraisers have never performed two value appraisals, such as before-and-after, fix-and-flip, or similar use cases for financial institutions. Many times, there is confusion over whether an appraiser is even allowed to express two appraisal conclusions in one appraisal report. In “Two Value Appraisals,” the appraiser is taken through the process from engagement to the final appraisal report. Along the way, considerations and discussion include the overall process, reporting, sales grids, effective dates, forms and software, sketches, approaches to value, budgets and plans, as well as engagement letter examples and a look at using forms and grids found in common software. By the end, the appraiser is ready to have meaningful discussions with clients and accept two value appraisal assignments.

• Recognize scenarios in which lending clients order two value appraisals.
• Identify USPAP sections that relate to two-value appraisal discussions.
• Identify common scenarios that many appraisers already engage in, relating to two values in one appraisal assignment.
• Connect the assignment to the appraiser’s overall process, in terms of condition and changes.
• Connect the assignment to the appraiser’s comps and the sales comparison approach overall.
• Explain the use of multiple sales grids for a two-value assignment.
• Understand and apply requirements associated with effective date(s).
• Identify forms and software issues that may hinder or help the appraiser in communicating the conclusions on a report.
• Connect multiple approaches to the two-value appraisal assignment in terms of development and reporting.
• Recognize the importance of understanding budgets and plans provided to the appraiser.
• Read, recognize, and understand how the requirements may be communicated in engagement letters from clients.
• Navigate forms and features available in common software to understand how the conclusions can be expressed in reports.

Instructor:  Josh Walitt, SRA, AI-RRS

Class Schedule:

Login and Roll Call:  11:30 – 12:00 PM ET

Class Instruction:  12:00 – 2:00 PM ET

Please note:  This class will be held by live stream /synchronous interactive classroom technology via Zoom.  Students are required to have a computer, webcam and microphone.  It is the student’s responsibility to have the required equipment to participate and receive continuing education credit. 

Live stream/Synchronous Classroom Guidelines:

• Students must have a computer, webcam and microphone capabilities to participate and receive continuing education credit.
• The instructor must be able to physically see and interact with all students and students must be able to interact with the instructor.
• A copy of your driver’s license must be emailed to the Chapter Office as verification after you have registered and prior to the start date.
• You will receive a separate email from the chapter office with log-in access information.  Please contact the chapter office if you have any questions regarding the participation guidelines. 
• Class materials will be emailed to you prior to the class.