Understanding and Interpreting Real Estate Appraisals
List Price
$875
Member Price
$475
Event Id:
697767304
Product code:
304302-24
Format:
Prof. Dev. Course: In-Person
Date:
7/25/2024 - 7/25/2024
Registration Fees
| Members | $475 |
|---|---|
| Nonmembers | $875 |
Members qualify for savings.
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Item Details
Site Location:
Dacotah Bank
300 S. Phillips Ave
Sioux Falls, SD 57104
Suite 100-Lower Level
Co-Sponsored by the Siouxland Chapter.
Date & Time: July 25, 2024 8:30am - 5:00pm CT
Understanding & Interpreting Real Estate Appraisals introduces bank appraisal personnel to issues involved in ordering and reviewing real estate appraisals, and gives participants a foundation in the terminology as well as knowledge regarding when to ask for an appraisal, how to order one, what information an appraisal should provide, and how to review an appraisal for compliance, common errors, and critical information. Through a mix of case studies, small group activities, and large group discussions, participants are better prepared to apply the content learned when they return to their jobs.
OBJECTIVES
After completing Understanding & Interpreting Real Estate Appraisals, participants will be able to:
· Identify the requirements for appraisals
· Identify the steps needed to order an appraisal, considerations in selecting and engaging an appraiser
· Recognize the basic components of appraisal compliance
· Recognize the analytical steps in the valuation process used in appraisals
· Determine the rational for and identify the process used in the Cost, the Sales Comparison, and the Income Approaches to value
· Identify appraisal review issues in the application of the Sales Comparison approach
· Identify review issues in the analysis of income and expense and the selection of the capitalization rate in the Income Approach to value.
· Identify common errors in appraisals (residential and commercial) and how to communicate with the appraiser during the review process
· Benefits credit analysts and lenders who are not real estate experts but need to understand appraisals as one of the many tools to help them make intelligent lending and credit decisions.
Benefits credit analysts and lenders who are not real estate experts, but need to understand appraisals as one of the many tools to help them make intelligent lending and credit decisions.