New Education Programs
COMING SOON! Litigation Assignments for Residential Appraisers: Doing Expert Work on Atypical Cases
Participants will learn valuable tools for solving complex appraisal problems, including techniques for presenting and defending appraisal conclusions and opinions. These residential valuation techniques will be illustrated with three case studies.
COMING SOON! Residential Applications Using Microsoft Excel Part II
In this seminar, students will obtain practical, hands-on training in applying spreadsheet technology to real world appraisal problems, learning new skills to support appraisal conclusions. They will feel they’ve gained newfound techniques they can apply to their Excel skills to traditional appraisal methods.
COMING SOON! Unraveling the Mystery of Fannie Mae Appraisal Requirements
If you perform appraisals for financial institutions, this 4-hour seminar is for you! Lenders continue to face harsh scrutiny from federal regulators in the wake of high foreclosure rates, and this reality translates into increased scrutiny on the appraisal. When foreclosures occur, entities that purchased loans in the secondary market often challenge the lender who made the loan in order to buy it back. In this situation, the appraisal often becomes the first point of attack. If the appraisal appears to be deficient in any way, it strengthens the purchaser’s case to demand a buyback. Don’t take any chances with your appraisals! This seminar will show how appraisals conform to the Fannie Mae Appraisal Requirements.
COMING SOON! Income Approach for Residential Appraisers
In this seminar, participants will gain an awareness of the usefulness of the income approach in the post-recession residential market. For many it will serve as a review of techniques learned but unused. For others it will function as a comprehensive introduction to the income capitalization approach, specifically the premise of the approach, the difference between gross and net rent, the difference between capitalization rates and multipliers, and the application of income capitalization using a gross rent multiplier.
NEW! Appraising Condos, Co-ops, and PUDs
Appraising condominiums, cooperatives, and PUDs requires a unique skill set different from appraising single-family houses. Attend this new seminar and obtain high-quality education specific to those skills. Take on your next condo, co-op or PUD assignment with confidence, diversify and see your valuation business grow! In this comprehensive seminar, learn how to identify property through Legal Description and Parcel Identification Number (PIN); identify which four documents are needed from homeowner to make your appraisal assignment smoother; and find out what questions you must ask a building manager before concluding that your research is complete. Leave with a comprehensive list of questions to ask management companies that will help make your report as accurate as possible. Finally, discover what 12 factors you should use when choosing comparable sales for your subject property.
NEW! Case Studies in Appraising Green Commercial Buildings
As governmental mandates continue to filter down to all local communities, and buyers, sellers, developers and financiers of real estate market assess the importance of energy efficiency and sustainability, it is imperative that appraisers become familiar with the concepts of green building. This course provides practical application of techniques available to commercial appraisers. Beginning with a brief review of green principles and concepts, the course focuses on in-depth commercial case studies that explore techniques for valuation. Participants will increase their knowledge of commercial green projects and become familiar with numerous resources to help them document the appraisal process.
NEW! Residential and Commercial Valuation of Solar
As the US continues to search for energy alternatives, properties improved with solar PV (photovoltaic) are becoming more common, creating demand for appraisers trained in properly valuing solar PV. Encountering a solar photovoltaic (PV) system could present a valuation problem that you may not be prepared to solve. As an appraiser appraising green properties, it is inevitable that you will encounter solar PV. Even for those who don’t specialize in green properties, the likelihood that you will encounter solar PV in your practice is increasing. This hands-on course introduces you to solar terminology, and through real-life examples and case studies, on both residential and commercial properties, shows you how to solve solar-related valuation problems. This course will focus on solar PV most commonly encountered in commercial and residential appraisal/consulting assignments. It will not focus on utility-scale solar (solar farms), solar thermal, or other forms of on-site renewable energy generation.
NEW! Residential Green Description Made Easy
Calling all green appraisers! Green appraisers are finding themselves in an elite group. Having the knowledge to produce a credible report on an unusual property type is what gives them a competitive edge. As new construction increases around the country, all residential appraisers will wish they were green appraisers with unique knowledge on high performance home features and how to report it!
NEW! Marketability Studies: Advanced Considerations and Applications
This seminar will provide practical, hands-on training for advanced appraisers in the development and application of level C market analysis in valuation appraisals. Students will bring laptops to class to solve specific problems relating to market analysis (i.e. supply/demand) as well as applications of market analysis to highest and best use and valuation.
NEW! UAD Aftereffects: Efficiency vs. Obligation
Are you aware of all the recent January 2013 changes implemented by Fannie Mae and Freddie Mac to the UCDP? Don’t mistake this seminar for a rehash of the Appraisal Institute's first Uniform Appraisal Dataset (UAD) seminar—it’s not! Attend this seminar now and learn everything about avoiding “hardstop” errors, UAD callbacks, and “stips” due to an appraisal report’s non-compliance. Appraisers beware: Fannie Mae and Freddie Mac are tightening up on reports sent through the Uniform Collateral Data Portal, and starting in 2013 will no longer be passing through appraisal reports that formerly were allowed. Consequently, lenders and their agents are stepping up their enforcement of the UAD and non-UAD rules. (If you don’t understand the definition of a “hardstop” or “rules” you really need to attend this seminar.) Take the time now to learn how to avoid non-compliant UAD reports…new work will go to appraisers who understand the rules and can provide a higher level of client satisfaction and goodwill!
NEW! Complex Litigation Appraisal Case Studies
Brainstorm with your peers and discover how different strategies can be used to solve three unique litigation problems! Uncover the quirks in the law while exploring the attorneys’ perspective in a case. The Complex Litigation Appraisal Case Studies seminar provides a detailed look at three case studies from our new textbook Applications in Litigation Valuation: A Pragmatist’s Guide. Two case studies on title issues and continuing nuisance are covered in the morning session while a more complex condemnation case study will be discussed in the afternoon. Beyond litigation strategies, the three case studies also reinforce specific litigation appraisal skills, such as preparation of demonstrative evidence and preparation for direct testimony. A win-win for the new or seasoned practitioner!
NEW! International Financial Reporting Standards for the Real Property Appraiser
Most countries in the world, including the United States, have either adopted International Financial Reporting Standards, are in the process of doing so, or are converging their national accounting and financial reporting systems (such as the U.S.'s Generally Accepted Accounting Principles [GAAP]) to comply with IFRS. The United States Financial Accounting Standards Board (FASB) is actively pursuing a policy of convergence between U.S. GAAP and IFRS. The adoption or convergence with IFRS significantly impacts the valuation profession and affects how all assets and liabilities are appraised for the purpose of financial reporting. This practical course will help valuation professionals understand the relevant parts of the International Financial Reporting Standards that affect the valuation profession, including the use of common standards, terminology, and definitions. By working through international case studies, participants will learn the procedures for conducting fair valuation of fixed assets for financial reporting and how to conduct a test for asset impairment.
COMING SOON! International Valuation Standards Overview
This course provides an overview of the standards that affect real estate noted in the 2011 International Valuation Standards. Specifically written for domestic and international valuation experts with a working knowledge of valuation techniques as well as for those with a financial and real estate background, this course will provide a working knowledge of the current and more user-friendly International Valuation Standards. The course provides guidance and examples and shows participants how to apply the IVS principles as widely as possible. Emphasis on ethical behavior and competent practice will help foster a higher level of public trust benefiting the real estate valuation profession in the USA and overseas.
NEW! Appraising the Appraisal: Appraisal Review–Residential
Appraisal review requires a different skill set than traditional appraisal work. In this seminar, career professionals will gain invaluable insights into client expectations regarding the content and quality demanded by review assignments. Designed specifically for residential appraisers who also review appraisals, the seminar presents methods for performing review assignments efficiently and effectively.
NEW! Marketability Studies: The Six-Step Process and Basic Applications
The Six-Step Process and Basic Applications will help you understand the fundamentals of market analysis while taking you, step-by-step, through two real world case studies. You’ll leave this seminar with practical exposure and new insights to basic market analysis whether you are a newer or more experienced practitioner!
NEW! Practical Regression Using Microsoft Excel
In this new seminar you’ll learn how Microsoft Excel©, basic statistics, and simple regression can help solve many everyday valuation problems. Recently, there has been more emphasis on the need to “show your work,” especially in loan valuations, particularly in the area of trend and market analysis.
