The 50-Percent FEMA Rule Appraisal

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AI Price: $100.00
Full Price: $120.00

Notes

Additional Information

Seminar Description: 

An appraiser conducting a 50% FEMA rule appraisal must be well acquainted with numerous and varying rules and regulations set forth by FEMA, and must have a thorough understanding of construction techniques, materials, and markets. Which valuation method is most appropriate, which components should be included in the report, and which costs must be included, and which may not be included. Without such knowledge, appraisers open themselves up to liability. This seminar will give a thorough overview of FEMA regulations, construction related issues and several examples from the work files of the instructor.

  Objectives:

Introduction of Topics

 The role of FEMA

 Flood Zones

 Base Flood Elevations (BFE)

 Risk Reduction

 Flood Risk Rating - Community Rating System (CRS)

 Different Municipalities – different rules

 50% FEMA Rule

 Substantial Improvement/Substantial Damage Definition

 Valuation Types

 ACV Approach and Definition

 Contents of the 50% FEMA rule appraisal

 As Built vs. Up to Code

 Effective Age vs Historical Age

 Inclusions and Exclusions of the valuation

 Examples from the work files

Class Schedule:

Login and Roll Call:  12:30 – 1:00 PM ET

Class Instruction:  1:00 – 4:00 PM ET

Disclaimer Information

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

State CE Credit:  This is a live stream/virtual/synchronous class and is only approved for Florida Real Estate Appraisal Board continuing education credit.  For other states, you should determine current education approval and requirements.

Continuing Education Credit:

Appraisal Institute: 15 points

Florida Real Estate Appraisal Board: 3-Hours, 0010372 – live stream/synchronous – Region X of the Appraisal Institute

National Disclaimer

This Educational Program was developed and organized by the Appraisal Institute Chapter offering the Program with the intent of addressing topic(s) of current local interest solely for educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.