Persistent Appraisal Failures

Date: June 8, 2021

Location: Bolingbrook, IL


Sponsor:
Chicago Chapter
Contact:
Sarah Walsh
Phone:
(312)616-9400
Email:
sarah@ccai.org
Website:
http://www.ccai.org/
Name:
Bolingbrook Country Club
Address:
2001 Rodeo Dr
Bolingbrook, IL 60490
Contact:
l
Phone:
312-616-9400
Speakers:
Hagar, Rich

Notes

Many appraisers are classified as Tier 2 or 3 because they make small but critical errors when filling out appraisal forms.  Something as small as using effective age or “upgrades” in the wrong place can "demote" an appraiser to a lower Tier status and fees.  This class will explain how things have recently changed with Fannie Mae + provide a list of their top 20 report failures.  Richard will help appraisers elevate their work into Tier 1 status and higher fees.  This CE class will explain the problems and provide solutions

The 7hr CE class will cover:

  • Problems with using MLS photographs;
  • The change regarding age and effective age;
  • The difference between upgrades, quality, and condition;
  • Text that gets appraisers in trouble;
  • New Collateral Underwriter definitions for view, location, and waterfront;
  • The new fields the CU will analyze (more changes);
  • Help understanding the Q and C definitions (some still are not getting it right);
  • What the CU doesn't "look at" in your reports;
  • The new methods used to “review” appraisals.

Every student will receive a list of the most common problems found by Fannie Mae and state appraisal boards.

(State approved 7hrs.)

Handouts will be emailed before class.  Printed copies will be an extra charge.


About Richard Hagar, SRA

Richard Hagar, SRA

Richard Hagar is an educator, speaker, consultant, author, and president of the Hagar Institute. He is a life-long student and has developed an extensive background in all aspects of real estate. His experience includes land development, real estate investing, appraising, sales and agency management, training, and consulting. Richard is a licensed real estate agent, certified real estate appraiser, and a certified real estate instructor. He also provides litigation support to attorneys (real estate appraisals), profiles real estate and mortgage fraud cases for law enforcement and helps other professionals understand the intricacies of the real estate industry. He serves as a key resource for States’ Attorney Generals and has been an expert witness for State & Federal courts.  Curriculum Vitae

Cancellation Policy

$50 cancelation fee.  If you do not attend and do not contact the chapter you will not get a refund.

Additional Information

This course is at the Bolingbrook Country Club.  Class times are 8:30 - 5.

Approval in IL, IN and MO.  More states to follow.

Disclaimer Information

100% attendance is required.  Partial credit will not be given.

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.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.