Rapid Response: Market Analysis in Volatile Markets

Date: February 4, 2021

Location: Virtual Classroom, MD


Sponsor:
Washington DC Metropolitan Area Chapter
Contact:
Mr. Houstle
Phone:
301-924-1020
Email:
phoustle@marinermanagement.com
Name:
Virtual Classroom
Phone:
301-924-1020
Instructors:
Vincent M. Dowling, MAI, SRA
Notes:
Please note that you must have a webcam on your computer to verify attendance.

Continuing Education
Class Time: 7 hours
Exam Hours: N/A


Notes

This year, COVID-19 has had significant impacts on the economy. Businesses have either cut back or temporarily closed, employees have been laid off, businesses are filing for bankruptcy, employees are working remotely, commercial activities, real estate and other non-residential activities are making plans for a recession. While the housing market is still strong, that could change overnight. The market is too dynamic now to rely on monthly, quarterly, or annual sales reports to support opinions on market health. This seminar will show you how to locate contemporary data for your clients and will show you how to rapidly and accurately read and report on market changes.

Objectives

  • Discover why market value appraisals should include a market analysis.
  • Learn how to quickly extract, compile, analyze, and present data so that the intended user can understand it.
  • Learn how to be consistent with all parts of the report.
  • Recognize the terms appraisers commonly use in market analysis reports.
  • Understand why market in the term “market value” is required.
  • Recognize the concepts that will help differentiate between a neighborhood and a market.
  • Identify the pros and cons of various tools used by residential appraisers for market analysis.
  • Become familiar with statistical tools to support your opinion of market supply and demand as well as highest and best use.
  • Become familiar with local, statewide, regional, and national databases that will help you analyze supply and demand.

Experiences

Seminar Materials Include:
  • Seminar Handbook (191 pp.)

Additional Information

Zoom - The login link will be sent the day before the class. As required by the AQB, all students must have a working camera and microphone so they can be seen and heard by the instructor for the duration of the class.

CE Approval - The Maryland, District of Columbia and Virginia appraisal licensing boards have agreed they will allow the “virtual” exception for approved classroom programs as recommended by the AQB (see https://appraisalfoundation.sharefile.com/d-s1955fb545bf43ac9). Click here for all state approvals. Note: The class has not yet been approved by DC, however, we have followed up with the DC board and anticipate the approval should follow soon.

Class Time: 9am - 5pm (Login to "sign in" at 8:45am)

National Disclaimer

Virtual Education Exception

Please note that not all states have approved Virtual education, therefore, registrants MUST CHECK their individual states for approval BEFORE registering for the Program. Before registering for the Program, registrants understand and agree that continuing education credit for this program MAY NOT be available in their state on the date of the Program. The Appraisal Institute is not responsible if credit is not available for the Program in individual states. Please note: State exceptions for virtual education may expire PRIOR to the offering date.

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.