Courses > Georgia Appraiser Continuing Ed.
The core of this course focuses on the 2020-2021 Uniform Standards of Professional Appraisal Practice updates as set forth by the Appraisal Standards Board of The Appraisal Foundation. Also included are issues that appraisers face in their daily appraisal assignments, as well as common USPAP violations.
The 2020-2021 7-Hour National USPAP Update Course will expire on December 31, 2021. The Appraisal Foundation will release a new version of USPAP (2022-2023) on January 1, 2022. In order to receive credit for the 2020-2021 version, you must complete the course within your enrollment period and no later than December 31, 2021.
Define appraisal review and applicable USPAP rules along with common errors and shortcomings found by appraisal reviewers. Examine USPAP Standards 1 – 3, with a focus on Standard 3, and applicable guidance offered by the Appraisal Standards Board. Review common mortgage industry appraisal forms and appraisal review forms that may be used in a review assignment. Learn best practices for a reviewer when developing opinions and conclusions regarding the quality of another appraiser's work.
Learn the necessary background information to appraise two, four, and multi-family properties. Identify the critical elements of a market analysis of two, four, and multi-family properties and distinguish which features and characteristics are essential to an appraiser's examination. Discover how to analyze income and expenses and how this analysis is used in the appraisal of an income producing property. Review income methodologies and how the appraisal approaches apply to income producing properties. Learn the guidelines, how to compile the required data, and correctly complete the analysis in the preparation of The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025). Review the Operating Income Statement Form (FHLMC 216/FNMA 998).
The financial and housing crisis of 2008 led to industry changes and reforms, including the Home Valuation Code of Conduct (HVCC), the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the Uniform Appraisal Dataset (UAD). How did these changes affect appraisers, reviewers and the industry as a whole? Were they welcome? Were they effective? Better To Be Safe Than Sorry will explore those questions as well as delve into the role of the reviewer, the obligations of the appraiser, relevant USPAP regulations, common errors appraisers can avoid, and the importance of structured report writing.
The environment is of major concern today. Green construction, green energy and green living are hot topics. Real estate agents and appraisers need to understand the basics about “green” as it applies to real estate. Learn how the various systems in a house work independently and in concert to make a house more energy efficient and environmentally friendly. Review the elements of green materials and techniques, as well as relevant property characteristics that affect value and the appraisal of the value. Learn what to look for when inspecting the interior and exterior of an environmentally friendly property.
Comprehensively review the development and application of the income approach in residential appraisal assignments. Learn the fundamental principles of valuation and appraisal standards applied to an assignment in which the income approach is relevant in the scope of the work. Assess details of the developmental steps in the appraisal process through reconciliation.
Become acquainted with accepted methodology and techniques that can be applied in the assignment using the income approach. Learn how to choose comparable data, use derivation and application of adjustments for various elements, use derivation and application of rates of capitalization, the logic and rationale applied during reconciliation, and using the income approach in special situations.
Gain a comprehensive knowledge of the development and application of the sales comparison approach in residential appraisals. Learn how the fundamental principles of valuation and appraisal standards apply when the sales comparison approach is used. Understand the developmental steps in the appraisal process through reconciliation. Familiarize yourself with accepted methodology and techniques used in the sales comparison approach. Review relevant case studies and discussions related to the use of the sales comparison approach in special situations.
Take a comprehensive look at the former real estate crisis and the regulations put in place to protect consumers from unfair, deceptive, and fraudulent mortgage lending practices as a result of the crisis. Review key historical facts and current mortgage-specific regulations that are important for appraisers to know, and understand how they impact the business of mortgage origination and property valuation. Learn how mortgage origination laws pertaining to disclosures, the right of rescission, prohibited mortgage appraiser activities, and private mortgage insurance cancellation impact the appraiser. Analyze the laws and processes that directly impact how appraisers and appraisal management companies must conduct business. Learn the proper use of the Fannie Mae Form1004MC, how to appraise "flipped" properties, and properties facing foreclosure, how market conditions affect appraisals, and the requirements that must be met by appraisal management companies as a result of the Dodd-Frank Act's final rule that amended the Financial Institution Reform, Recovery, and Enforcement Act.
Effective January 1, 2015 all Certified Appraisers managing new appraiser trainees must complete a national appraising supervisory course. This is the required course for supervisory appraisers as set forth by the Appraiser Qualifications Board (AQB). Learn about the national and state appraisal regulatory bodies and minimum AQB criteria for supervisory and trainee appraisers. Gain an understanding of the ethics and record keeping rules of the Uniform Standards of Professional Appraisal Practice (USPAP), the competency and scope of work rules, and general responsibilities of the supervisory and trainee appraiser.
The course will instruct students in detail how to fill out the new Uniform Residential Appraisal Report (URAR). This course provides the student with the guidelines and direction to create URAR reports which are in compliance with USPAP.
Gain an understanding of the scope of work and the complexities involved in appraising mixed-use, unusual, income-producing and one-of-a kind properties. Examine various challenging assignment case studies.
Today’s world requires appraisers to be keenly aware of the expectations of their clients and the compliance obligations required by appraisal regulatory bodies. Recent events of financial turmoil have caused appraisal regulatory agencies and those who use appraisal services to expand or amplify their quality standards. Take an all-encompassing look at best practices for appraisers to recognize and meet those expectations. Learn possible liabilities for appraisers including the appraisal review process and common areas of deficiencies and inadequacies in the appraisal process. Review both acceptable and unacceptable practices related to USPAP compliance, including identifying the problem through the reporting process.
Provides an introductory understanding of fundamental concepts of appraising. Focuses on the valuation of vacant land parcels and the development of the cost approach. Develops your skills by creating a current cost estimate using market extraction, interview techniques, and information provided by professional cost data sources. Covers the origin of the appraisal assignment to a final value estimate using various cost approach applications.
Covers the relationship between market analysis and highest and best use. Learn how to find the information you need to make a highest and best use decision and how to interpret the information you find. Provides information on how to read and map a market area for a subject property and discover the essential links between market analysis, highest and best use analysis, and the three approaches to value (cost, sales comparison, and income capitalization).
This course demonstrates practical writing exercises necessary to produce convincing appraisal reports in daily practice. Participants will practice writing effective narrative comments for form appraisal reports and learn how to explain valuation procedures and conclusions to users of reports. The techniques applied in this course are useful in real-life situations.