Appraisal Adjustments

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Notes

Appraisers can’t simply pull adjustments out of thin air. By law, adjustments must be measured and supported based on the reactions of buyers and sellers within the real estate market place. This course will provide both aspiring and experienced appraisers with the necessary tools to perform a professional and proper appraisal. Determining adjustments is easy once you understand the various methods available. 

There are more than 30 different methods appraisers can use to support their adjustments. This class will explain 13 of the most common and easy to use methods including matched pair analysis, single line regression, allocation, "Big Data," and Hagar's Percentage Of Use.  The class will also include several examples of how appraisers can determine condition adjustments with the use of quick and simple methods.  Fannie Mae's Collateral Underwriter uses some of these methods, you should also. 

Each student will also receive an Excel file containing the examples used in class.
(State approved 7hrs.)
 

Each student will also receive an Excel file containing the examples used in class.

Register for both classes and receive $30 off (Contact Sarah at sarah@ccai.org for more information)

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.  Anyone that does not attend and contact the Chapter office will not receive a refund.

Additional Information

The class is 8:30 - 5 at Bolingbrook Country Club.

Approval in IL and IN.  More states to follow.

Disclaimer Information

100% attendance is required.  Partial attendance 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.