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The Art of Determining Appraisal Adjustments
December 7, 2018 @ 8:00 am - 6:00 pm$160
Morning – Market Value and How to Adjust for Concessions
By federal law, all appraisals, for lenders, must be based upon the federal definition of “Market Value.” Failure to appraise using this definition can result in appraisers being black listed or facing disciplinary action by the State. Understanding how concessions impact market value is difficult…and downright confusing.
This class will walk the appraiser through the definition of “market value” then expand and show students how they can properly adjust for concessions. The goal is to help appraisers understand the legal requirements and keep them safe! (4 CE Hours)
Afternoon – The Art of Determining Appraisal Adjustments
Every month appraisers are having their licenses revoked because they have failed to properly support their appraisal adjustments. Worse yet, some are even finding themselves sued out of the business.
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. This training will walk you through several methods that will increase the accuracy of your appraisals, reduce your chances of a lawsuit and keep you safe. Building the better appraiser is the goal! (4 CE Hours)
Special pricing for LAREAC Members.
To qualify for the lower class fee – Join LAREAC today at this web site: JOIN HERE