The Understanding and Interpreting Real Estate Appraisals course is designed to introduce management, bankers, loan administrators, loan reviewers, and administrators of bank appraisal programs to the issues involved in ordering and reviewing real estate appraisals. This course is designed to give participants a foundation in the terminology, methods, regulations, and review of appraisal for lending purposes. The course offers hands-on interactive learning focusing on:
- An overview of appraisal methods and techniques, including the three approaches to value: cost, sales comparison, and income.
- An introduction to the appraisal review process based on appraisal requirements and best practices.