Commercial Real Estate Training from the Appraisal Institute: Appraisal Engagement, Appraisal Reviews & Evaluations

To register for this program, go to the bottom of the page.



Who should enroll Lending, credit, audit, or risk management staff who handle appraisal engagement, review, and evaluation

 

Description

This four-part Appraisal Institute program was specifically designed for lending, credit, audit, or risk management staff who order, review, or use appraisals for underwriting a real estate loan. Gain insight into what regulators expect from financial institutions, internal policy and process, the appraisal process, and scope of work. As a bonus, learn how to confidently read a residential appraisal report and be able to decipher red flags before they become problems.

In regard to COVID-19, the program will cover:
  • what your bank should expect to see in appraisal reports they order
  • how appraisers should address significantly changed market conditions in the income and sales comparison approaches to value
  • questions you and your staff should be asking appraisers during these challenging times

This 4-part training can be delivered onsite or remotely. Please call 312-335-4228 or email today for more information and a proposal!

Objectives

Part A: Engaging Appraisers: Compliance with the Regulations
Covers federal appraisal regulations and federal banking regulations governing single-unit (family) residential and commercial real estate. Learn about USPAP and its three rules for appraisers—the Ethics Rule, Competency Rule, and Scope of Work Rule. Learn how to properly select an appraiser, minimum appraisal standards, and review requirements. Learn how to order an appraisal, monitor a vendor panel, and which documents your institutions need to provide to the appraiser, and much more!

Part B: Sales Comparison Approach—A Case Study
Covers use of the Sales Comparison Approach in completing an appraisal review or an evaluation of a land parcel. Introduces approach and discusses its usefulness for different types of properties. Scope of work issues are also introduced, including the number of sales required, client requirements, level of data confirmation, level of inspection, and level of comparison and analysis. Case study also discusses steps of the review process and uses the Engagement Proposal/Reviewer's Checklist. 

Part C: Income Approach —A Case Study
Discuss the income approach and types of properties for which this approach is used. Scope of work issues are addressed in relation to the appraisal, evaluation, and appraisal review. Case study demonstrates how to estimate income from all sources, adjust for market vacancy and collection loss, deduct expenses, and use direct capitalization. As a reviewer, recognize whether the report is appropriate and if the value conclusion is credible.

Part D: Single-Family Residential—Understanding the URAR Report
Learn how appraisers document their opinion of market value using the sales comparison approach, how they select comparable sales, and rationale/procedures for making adjustments. Identify the steps needed to complete a real estate appraisal, identify all elements recorded on a URAR report, and understand the impact of rules on appraiser independence. 

Prerequisites None
  • Attended Only:

    30.00
  • Attended Only:

    30.00
  • Attended Only:

  • Attend and Pass Exam:

    0.00
  • Attend and Pass Exam:

  • Attend and Pass Exam:

    0.00
  • Pass Exam Only:

    0.00
  • Pass Exam Only:

  • Pass Exam Only:

    0.00
6 hours
No
No
N/A
Basic/Intermediate
None specified N/A None specified
Classroom Requirements Online Requirements

Live Online FAQ

None specified
This 4-part training can be delivered onsite or remotely. Please call 312-335-4228 or email today for more information and a proposal!
 
In regard to COVID-19, the program will cover:
  • what your bank should expect to see in appraisal reports they order
  • how appraisers should address significantly changed market conditions in the income and sales comparison approaches to value
  • questions you and your staff should be asking appraisers during these challenging time


Classroom Offerings

No offerings at this time

Synchronous Offerings

No offerings at this time