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    Understanding and Appraising Residential REOs

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    On-Demand Online Education
    Instructor
    Larry T. Wright, MAI, SRA, AI-GRS
    Class Time
    4 hours
    Full Price
    $95.00
    AI Price
    $80.00
    Course Description

    Since the Great Recession, there have been changes in lending practices. The economic conditions caused by the recession created a need for appraisers who have specific knowledge and experience to properly develop and document opinions of real property value in foreclosure. This program begins with an overview of the history related to current foreclosure practices. The program continues with causes of foreclosure and steps in the foreclosure process. You’ll learn how to identify assignment elements including the client, intended users, value, and other assignment conditions. Through a series of dilemmas and a case study, you’ll gain an understanding of the scope of work, proper inspection procedures, market analysis, and additional components needed to arrive at credible results for a foreclosure appraisal assignment.

     

    Who Should Enroll
    Residential Appraisers
    AI CE Points
    Attend:
    20
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 4 4 Online Online 10/08/2022 06/24/2025 18977
    AL CE 4 4 Online Online 02/02/2023 09/30/2024 CO2817
    AR CE 4 4 Online Online 10/01/2021 06/24/2025
    AZ CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    CA CE 4 4 Online Online 08/23/2023 08/22/2027 19CP754601391
    CO CE 4 4 Online Online 06/02/2022 06/24/2025 2215
    CT CE 4 4 Online Online 07/13/2022 06/24/2025 AAL.000952
    DC CE 4 4 Online Online 02/29/2024 02/28/2026 4025
    DE CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    FL CE 4 4 Online Online 09/20/2023 09/19/2025 0010067
    GA CE 4 4 Online Online 06/25/2022 06/24/2025 74755
    HI CE 4 4 Online Online 01/01/2024 12/31/2024 23-392
    IA CE 4 4 Online Online 06/01/2022 06/24/2025 A518-1067
    ID CE 4 4 Online Online 05/31/2022 06/24/2025
    IL CE 4 4 Online Online 01/01/2023 12/31/2024 575.010386
    IN CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    KS CE 4 4 Online Online 01/01/2024 12/31/2024 216.C24.R
    KY CE 4 4 Online Online 07/01/2023 06/30/2024
    KY CE 4 4 Online Online 07/01/2024 05/30/2025
    LA CE 4 4 Online Online 10/17/2022 06/24/2025
    MA CE 4 4 Online Online 06/24/2022 06/24/2024 120093
    MD CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    ME CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    MI CE 4 4 Online Online 09/13/2023 09/13/2026 20 - 1106984
    MN CE 4 4 Online Online 10/01/2023 09/30/2025 1028151
    MO CE 4 4 Online Online 06/25/2022 06/24/2025
    MS CE 4 4 Online Online 06/30/2022 06/30/2024 MAB#50172
    MS CE 4 4 Online Online 07/01/2024 06/30/2025 MAB #50172
    MT CE 4 4 Online Online 09/15/2022 06/24/2025 REA-CEC-REC-15682
    NC CE 4 4 Online Online 01/01/2024 12/31/2024 4322
    ND CE 4 4 Online Online 06/07/2022 06/24/2025 CE-222057
    NE CE 4 4 Online Online 09/19/2019 09/19/2024 2192411.02
    NH CE 4 4 Online Online 06/25/2022 06/24/2025
    NJ CE 4 4 Online Online 06/15/2022 2022-3460
    NM CE 4 4 Online Online 07/08/2022 06/24/2025 4125
    NV CE 4 4 Online Online 08/13/2020 08/31/2024 CE.0009787-A
    NY CE 4 4 Online Online 01/01/2024 12/31/2024 A5056-04
    OH CE 4 4 Online Online 02/25/2022 12/31/2025 923200302A22
    OH CE 4 4 Online Online 01/01/2024 12/31/2024 923401512A 23
    OK CE 4 4 Online Online 06/10/2022 06/24/2025 901
    OR CE 4 4 Online Online 06/01/2022 06/24/2025 APIN-C-0622-8932
    PA CE 4 4 Online Online 06/22/2022 06/24/2025
    PR CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    RI CE 4 4 Online Online 06/01/2022 06/24/2025 REA.0001891-CE
    SC CE 4 4 Online Online 09/01/2022 08/31/2024 DE1821
    SD CE 4 4 Online Online 08/03/2022 08/03/2025 SD 1360 CE
    TN CE 4 4 Online Online 09/01/2023 08/31/2025 2325
    TX CE 4 4 Online Online 08/28/2023 06/24/2025 TX Provider #: 10 Course #:47377
    UT CE 4 4 Online Online 08/01/2023 06/30/2025 AC230622
    VA CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    VT CE 4 4 Online Online 08/20/2023 06/14/2027 CA-182767
    WA CE 4 4 Online Online 06/08/2022 06/24/2025 A4168
    WI CE 4 4 Online Online 06/24/2022 06/24/2025 69594
    WV CE 4 4 Online Online 06/24/2022 06/24/2025
    WY CE 4 4 Online Online 05/28/2024 06/24/2025
    Course Objectives
    • Understand the needs of clients who order appraisals for preforeclosure, foreclosure, or postforeclosure decisions.
    • Recognize the range of services that an appraiser can provide in preforeclosure, foreclosure, or postforeclosure decisions.
    • Identify the elements involved in completing assignments.
    • Differentiate between various types of value definitions.
    • Identify the market for a property.
    • Formulate a proper scope of work when completing appraisal assignments in a preforeclosure, foreclosure, or postforeclosure decision.
    • Understand inspection requirements for assignments in a preforeclosure, foreclosure, or postforeclosure decision.
    Course Details

    Program Overview:
    Online Syllabus

    Assignments:
    No

    Equipment:

    Additional Information:

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Technology-Based Education Student Disclaimer
    I agree to the terms and policies set forth under the Appraisal Institute Education Policy. I also certify that I am the person identified under Personal Data and that I will personally complete each assigned component of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a Designated member, Candidate for Designation, Practicing Affiliate, or Affiliate of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute, and such peer review proceeding may result in termination of my Appraisal Institute membership, candidacy, and/or affiliation.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ

    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $95.00 $80.00