Course Catalog

 2020-2021 7-Hour National USPAP Update 

The course focuses on changes to USPAP for 2020-21 and on appraisal issues that affect daily appraisal practice. The Course is developed by the Foundation and is revised on a periodic basis to stay current with the latest edition of USPAP.

 ADU: Regulatory Changes & Valuation Challenges

This 3-hour course is intended to assist real property appraisers in properly identifying, analyzing, and valuing accessory dwelling units (ADUs) using market-based data.   While guest houses and secondary units are nothing new, there is an emerging trend of modifying local zoning ordinances to encourage expanded development of ADUs on sites where previously such development was not permitted or not feasible due to cost.  This course will provide an overview of the forces driving changes in the ADU laws and regulations, the different types of ADUs and their design characteristics, and review a case study that highlights the challenges an appraiser can face along with the techniques an appraiser can use to value these amenities.

ASRIP Appraisal of Small Residential Income Properties

Appraising 2-4 Family & Multi-Family Properties will increase the level of knowledge of the scope of work involved with income-producing properties. This text identifies key elements of market analysis of two- to four-family and multi-family properties and distinguishes which features and characteristics are important to an appraiser’s analysis. Analysis of income and expenses is covered and how this analysis is used in an appraisal of an income-producing property. Appropriate income methodologies and how the appraisal approaches apply to income-producing properties are also discussed. Finally, this text familiarizes students with the Fannie Mae Reporting Form 1025/Freddie Mac Reporting Form 72 and walks them through how to prepare the form, compile required data, and complete the necessary analysis.

Disaster Appraiser Disaster Readiness 

This is an 8-hour course that provides the necessary framework for real property appraisers interested in or already completing appraisal on real property after a disaster occurs.

 Appraiser's Guide to Calculating & Supporting Adjustments

This 8-hour course is for residential real property appraisers and is intended to improve the quality and consistency of the analyses performed by appraisers in the sales comparison approach.   This course begins with a lesson on the importance of market-based adjustments, aimed at helping appraisers understand their obligation and duty to make real-time, market-based adjustments when producing an appraisal.

During this course various methods and techniques for calculating market-based adjustment will be demonstrated using the market data available. The student is asked to work through the calculations alongside the instructor to ensure complete understanding of the mathematics and data involved in each technique.  Once confident in the conclusions, the student will properly apply the adjustment in the sales comparison grid and work to reconcile, fully explain and support the adjustment applied.

The final module requires the students to independently apply the learning in a case study to demonstrate mastery of each recognized method and technique.

The goal of this course is to help appraisers produce credible assignment results and build consistency between appraisers through the use and application of various recognized methods and techniques for calculating market-based adjustments.

 Appraising Pre-Foreclosures, Short Sales & REOs

This 4-hour course is for residential real property appraisers and is intended to improve the quality and consistency of the analyses performed by appraisers when appraising preforeclosures, short sales and REO properties or when using distress sales as comparables.  

This course begins with a lesson on the importance of understanding and properly identifying the type and definition of value (market value, disposition value or liquidation value) and demonstrates how to properly apply appraisal practices that support that definition of value.  

Learning will center around the life cycle of a defaulting loan and the various types of appraisals needed along the way. These types of appraisal services are commonly misunderstood and incorrectly performed; therefore, attention will be focused towards how to avoid the most common blunders and produce credible assignment results within the context of the scope of work and intended use. Also covered, is how to successfully complete the Supplemental Real Estate Owned Addendum form, including repair costs and estimates of the market value “as-is” and “as-repaired” based on a client-imposed restricted market exposure time.

As real estate markets react to an unprecedented time in our history, staggering unemployment rates and nationwide uncertainty, mortgage delinquencies are sure to rise. Appraisers will leave this class with a solid understanding of their obligations and duties when appraising pre-foreclosures, short sales and REO properties and better prepared to appraise in the turbulent times ahead.

 Calculating & Supporting Adjustments

This 4-hour course is for residential real property appraisers and is intended to improve the quality and consistency of the analyses performed by appraisers in the sales comparison approach.   This course begins with a lesson on the importance of market-based adjustments, aimed at helping appraisers understand their obligation and duty to make real-time, market-based adjustments when producing an appraisal.

During this course various methods and techniques for calculating market-based adjustment will be demonstrated using the market data available. The student is asked to work through the calculations alongside the instructor to ensure complete understanding of the mathematics and data involved in each technique.  Once confident in the conclusions, the student will properly apply the adjustment in the sales comparison grid and work to reconcile, fully explain and support the adjustment applied.

The goal of this course is to help appraisers produce credible assignment results and build consistency between appraisers through the use and application of various recognized methods and techniques for calculating market-based adjustments.

 Desktop Appraisals: Next Generation Valuations

This is a 5-hour course that provides the necessary framework for real property appraisers, financial institutions, underwriters, AMC personnel, and regulatory entities interested in or already completing desktop valuation services.  Topics involve the most typical intended use and user(s), definition of the appraisal problem and proper scope of work determination. This course will provide resources, technology and tools for data collection and verification. Instructions on how to best develop a credible sales comparison approach from the desk. Also included is guidance on how to ensure USPAP compliance when using these forms. Above all, this session will discuss how credible results are possible in the context of the intended use and within the scope of work.

Dirty Digs Dirty Digs: Brownfields and Superfund Sites

This 5-hour course for residential real property appraisers aims to amplify awareness of environmental risks and elevate investigation and analytical proficiency to credibly assess environmental factors which drive value.

Students will be introduced to a variety of hazards and disasters, natural and manmade events, the consequential costs in terms of physical, monetary, or human casualties, and the relationship between these events and a real estate environment. 

Exploration of superfunds and brownfields, some of the nation’s most contaminated real estate, will lead to discoveries of their significance to economic, government, and social influences. With 1 of 6 Americans living within 3 miles of a superfund and the existence of over 450,000 brownfields in the US, students will learn to appreciate the enormous presence of environmental adversities and their repercussions in virtually any market.

Through case studies, students will be equipped to recognize a variety of environmental conditions and then apply critical thinking within an analysis to ascertain how those elements might affect a market’s topography, economy, demographics, supply, and demand. 

Research skills will be enhanced by application of investigational concepts and the engagement of key, relevant resources which focus on environmental information.

The goal of this course is to stimulate an appraiser’s confidence and competency with conditions of a market’s environment and the quintessential role they play in the value of real estate.

 Fundamentals of Appraising New Homes

This 5-hr course is dedicated to appraising proposed, under construction and brand-new residential properties. First and foremost, this course will teach you the reasons why appraising new construction is fundamentally different from appraising an existing home. 

Covered in this course is data collection expectations which entails expanding search parameters and verification measures far beyond the local MLS and assessor’s records.  This course will provide clarification on how the various sources of information directly impact the market trend analysis, comparable selection process, market grid adjustments and contract analysis pieces of the appraisal process. In addition, this course will tell you what to pay attention to and how to fully develop and report these known distinctions in a credible and non-misleading manner. To assist in application accuracy and efficiency, this course provides a complete, authoritative guide for applying common appraisal methodology and techniques in less familiar ways to solve various new construction appraisal problems.

If you do happen to treat all residential appraisal assignments the same, then this course is for you!

  Investigate Your Appraisal: Report and Support

Every appraiser hopes they will never get the dreaded letter or phone call from their state investigator, advising them that a complaint was submitted to the state and an investigation is being opened into their work product. Nevertheless, state appraiser regulators regularly receive complaints from parties of all kinds:  lenders, AMCs, real estate agents, borrowers, owners, and the list goes on.

Some complaints have no merit and may fall by the wayside. But most have some merit and will be investigated. How do parties – especially AMCs and lenders – identify these issues that prompt sending complaints to the state?

Investigate Your Appraisal looks at what happens to a report after the appraiser delivers it to the client:  reviews and screening may reveal errors, confusing items, or other real or perceived inadequacies that trigger additional scrutiny. At that point, the appraiser may be dealing with revision requests, reconsiderations of value, or even the dreaded state investigation weeks, months, or years after the initial delivery of the report to the client.

Beyond the various types of scrutiny appraisal reports face after delivery, the course examines how to proactively prevent errors and revision requests, and how to ensure requirements are met in each report – especially in case a state regulator takes a look. Participants in the course will examine not only USPAP reporting requirements, but best practices and common errors related to both the development and reporting process – and ensuring there is a logical link between the two.

CCAC Marshall & Swift Commercial Cost Approach Certification 

The Commercial Cost Approach Certification provides an overview of Cost Approach Methodology and detailed training in creating cost estimates. This course will provide a detailed overview of basic concepts and economic principles of the cost approach, such as when to use the cost approach and how to successfully use a cost service such as Marshall & Swift. This course is designed to detail the eight steps used in the Marshall & Swift cost approach.

RCAC Marshall & Swift (Residential) Cost Approach to Value

This is an 8-hour course that provides instruction and guidance to real property appraisers who are looking to enhance their accuracy when completing the cost approach to value. This course builds skills using a handbook designed for providing estimated replacement costs in the residential market.  Gain a thorough understanding of the Square Foot Method, including identifying comparable building types, refining and adjusting the base cost, applying depreciation principles and modifying the final cost for localization. The course incorporates the use of the Marshall & Swift® Residential Cost Handbook and a participant guide. The Residential Cost Handbook provides an authoritative appraisal guide for developing replacement costs, insurable values of buildings and other improvements.

This course incorporates the inclusion of Teach-back methodology, also known as 360 learning where the participants apply skills learned in the class and present back to the class results of a case study and how they came to that conclusion including their professional opinions. The class then enters a discussion where additional learning occurs.

PUCAR Performing USPAP Compliant Appraisal Reviews

This course will appeal to appraisers who are considering entering the practice of appraisal review, as well as those who are actively performing review work. Throughout, the course especially emphasizes best practices for a reviewer when developing opinions and conclusions regarding the quality of another appraiser’s work. The course begins with an overview of appraisal review and a discussion of applicable USPAP Rules, along with illustration of common errors and shortcomings commonly found by reviewers. Next STANDARD 3 is fully discussed along with applicable guidance offered by the Appraisal Standards Board. The course continues with an overview of the STANDARDS 1 and 2 appraisal development and reporting obligations. Finally, common mortgage industry appraisal and appraisal review forms are illustrated and discussed from a review perspective.