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Real Estate Training Needs Analysis:
Chapter 2 -
Course Descriptions
APPRAISAL / VALUATION
Appraisal Institute
Course Title: Appraisal Principles
Course Number: Level I, Course 110
Sponsoring Organization: Appraisal Institute
Course Description: Appraisal Principles is the introductory course in
the Appraisal Institute's curriculum.It provides an overview of the valuation
process and establishes the foundation needed to learn appraisal concepts
and procedures.Participants learn what professional appraisers do, how
they do it, and the importance of appraisal work.Course 110 also examines
the ethical rules and standards that apply to Appraisal Institute members
and the level of performance required in preparing appraisal analyses
and reports. The course is designed to establish an understanding of basic
appraisal judgment and the context in which this judgment is applied.
Content includes the following topic areas:
- The professional appraiser and the structure of the Appraisal Institute
- Nature of appraisals
- Nature of value
- Real estate markets
- Money markets and capital markets
- Data collection and analysis
- Neighborhoods and districts
- Developing Negotiation Skills
- Land or site description
- Improvement description
- Highest and best use
Target Audience: Beginning appraisers, real estate professionals, users
of appraisal services
Attendance Restrictions: Open to all individuals interested in real estate
appraisal. An HP-19BII, HP-17BII, HP-12C, or equivalent calculator is
required.You must be familiar with its operation when the course begins.
See our Web site (www.appraisalinstitute.org) for a tutorial on operating
HP calculators.
Course Length: Classroom / Examination Hours-36 classroom hours/3 exam
hours. A mandatory orientation session must be scheduled prior to the
first class session.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 Michigan Avenue, Suite 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4222
E-mail: info@appraisalinstitute.org
Web site: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Appraisal Procedures
Course Number: Level I - Course 120
Sponsoring Organization: Appraisal Institute
Course Description: Appraisal Procedures is the "nuts and bolts"
of appraising property.This intensive lecture and problem-solving course
covers the entire valuation process, providing participants with an opportunity
to explore the full range of valuation techniques and procedures. Statistical
concepts, compounding, and the use of financial calculators are reviewed.Highest
and best use analysis and sales comparison and cost approaches are examined
in depth.The fundamentals of the income capitalization approach are introduced
and direct capitalization techniques are demonstrated.The reconciliation
process and the preparation of an appraisal report are also addressed.
The following topics will be covered:
- Review of valuation process
- Appraisal mathematics
- Land or site valuation
- Cost and sales comparison approaches
- Introduction to income capitalization approach
- Reconciliation, final value estimate, and appraisal reporting
- Valuation of partial interests
Target Audience: Beginning appraisers who have taken an introductory
course in real estate appraisal as well as users of appraisal services
who wish to reinforce their understanding of fundamental appraisal theory
and procedures.
Attendance Restrictions: Successful completion of Appraisal Institute
Course 110, or equivalent educational background, is required.Participants
must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator and
be able to use it. See our Web site (www.appraisalinstitute.org) for a
tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit-Under Regulation No. 10
of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 39 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
A mandatory orientation session must be scheduled prior to the first class
session.
Course Length: Classroom/Examination-36 classroom hour/3 exam hours.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 Michigan Avenue, Suite 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4222
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Residential Case Study
Course Number: Level I - Course 210
Sponsoring Organization: Appraisal Institute
Course Description: This practical, hands-on course reviews residential
appraisal techniques and, using a case study, demonstrates the skills
needed by modern residential appraisers.The course takes participants
through a residential appraisal from the time the assignment is received
to the point at which a value conclusion is reached and the appraiser
is ready to complete the appraisal report.The case study is supplemented
with problems focusing on individual valuation procedures.The course covers
the following topics:
- Case study and problems exploring all facets of the valuation process,
including:
- Observation techniques for field inspections
- Area and neighborhood analysis
- Site and improvement analysis
- Highest and best use
- Sales comparison approach
- Site valuation
- Cost approach
- Income capitalization approach
Target Audience: Residential appraiser trainees with a good foundation
in appraisal theory.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110 and 120, or equivalent educational background, is required.Participants
must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator and
be able to use it.See our Web site (www.appraisalinstitute.org) for a
tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit-Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 39 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
A mandatory orientation session must be scheduled prior to the first
class session.
Course Length: Classroom/Examination Hours-36 classroom hours/3 exam
hours
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 Michigan Avenue, Suite 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4222
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Basic Income Capitalization
Course Number: Level I - Course 310
Sponsoring Organization: Appraisal Institute
Course Description: Through intensive lectures and problem-solving exercises,
this course provides participants with an understanding of the mathematical
procedures used to analyze data and derive value estimates for income-producing
properties.It focuses on the skills needed to solve appraisal problems-e.g.,
perceiving the significance of the data available, deriving necessary
information from data, and interpreting and testing the reasonableness
of mathematical conclusions.The theory and applicability of the income
capitalization approach are reviewed along with the reasoning and concepts
behind yield capitalization formulas.With these tools, overall rates are
calculated and applied to derive an indication of market value.
The course covers the following topics:
- Income capitalization and income estimation
- Direct capitalization
- Yield capitalization
- Financial functions
- Income change and value models
- Valuation of lease interests
- Cash equivalency
- Introduction to risk analysis
Target Audience: General appraiser trainees with a good foundation in
appraisal theory.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110 and 120, or equivalent educational background, is required.Participants
must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator and
be able to use it. See our Web site (www.appraisalinstitute.org) for a
tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit-Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 39 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
A mandatory orientation session must be scheduled prior to the first
class session.
Course Length: Classroom/Examination Hours-36 classroom hours/3 exam
hours.
Course Fee: Contact sponsoring organization for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 Michigan Avenue, Suite 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4222
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: General Applications
Course Number: Course 320
Sponsoring Organization: Appraisal Institute
Course Description: Focus on appraisal theory and review applications
of appraisal methods and techniques.The valuation process is analyzed
in depth.Participants learn the important issues to address when developing
a value estimate.Case studies and problems are included to help attendees
focus on significant issues and apply the techniques they learn General
Applications is designed to give participants an opportunity to apply
the appraisal methods, techniques, and procedures presented in Appraisal
Principles (Course 110), Appraisal Procedures (Course 120), and Basic
Income Capitalization (Course 310).During the course, students identify
their strengths and weaknesses during this course.
The course covers the following topics:
- Rights in real property
- Valuation process
- Land description and analysis
- Improvement description and analysis
- Land or site valuation
- Cost approach
- Building cost estimates
- Depreciation
- Sales comparison approach
- Income capitalization approach
Target Audience: Appraisers, real estate professionals, users of appraisal
services.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, and 310, or equivalent educational background, is required.
Participants must have an HP-19BII, HP-17II, HP-12C, or equivalent calculator
and be able to use it.See our Web site (www.appraisalinstitute.org) for
a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit-Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 39 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
A mandatory orientation session must be scheduled prior to the first
class session.
Course Length: Classroom/Examination Hours-36 classroom hours/3 exam
hours.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 Michigan Avenue, Suite 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4222
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Apartment Appraisal: Concepts
and Applications
Course Number: Level I - Course 330
Sponsoring Organization: Appraisal Institute
Course Description: This practical, two-day course will show you how
to apply the valuation methods taught in earlier courses to small and
mid-sized apartment properties.Participants will learn the importance
of sound market analysis in appraising these properties and how to select
the most suitable valuation approaches for each assignment, with emphasis
on direct income capitalization.The course material is packed with sources
of electronic and conventionally published data on rents, occupancy by
market area, and investor expectations as well as pointers on appraisal
reporting.A case study in which a completed appraisal is reviewed brings
together the concepts covered in class.
The course covers the following topics:
- Competitive supply and demand analysis
- Highest and best use analysis
- Income capitalization, beginning with how to develop a reconstructed
operating statement
- Sales comparison and cost approaches as applied to apartment appraisal
- Case study based on review of an apartment appraisal
Target Audience: General appraisers and residential appraisers with an
interest in this property type.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, and 310, or equivalent educational background, is required.
Participants must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator
and be able to use it.See our Web site (www.appraisalinstitute.org) for
a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit-Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 39 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
Appraisal Institute Continuing Education Credit-Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 16 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 15 Appraisal
Institute continuing education credit hours.
Course Length: Classroom/Examination Hours-15 classroom hours/1 exam
hour.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Advanced Income Capitalization,
Level II
Course Number: Course 510
Sponsoring Organization: Appraisal Institute
Course Description: In this course advanced applications of the income
capitalization approach are investigated and explored through lectures
and homework assignments.Discounted cash flow (DCF) analysis provides
the framework for much of the discussion of investment analysis concepts,
and an understanding of the relationships among the various components
of DCF is emphasized.Financial leverage, risk analysis, and ways to support
a discount rate are highlighted.
The course covers the following topics:
- Application of concepts
- Stabilizing income and yield capitalization (DCF) using an equity
yield rate
- Review of income capitalization concepts
- Estimating cash flows
- Investment analysis concepts
- Risk analysis
- Financial leverage
- Yield capitalization (DCF) using an overall yield rate
- Supporting the discount rate
Target Audience: General appraisers with a solid background in the income
approach.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, 310, and 320, or equivalent educational background,
is required. Participants must have an HP-19BII, HP-17BII, HP-12C, or
equivalent calculator and be able to use it.See our Web site (www.appraisalinstitute.org)
for a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit-Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 40 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
Course schedule: A mandatory orientation session must be scheduled prior
to the first class session.
Course Length: Classroom/Examination Hours-36 classroom hours/4 exam
hours.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Highest and Best Use and
Market Analysis
Course Number: Level II - Course 520
Sponsoring Organization: Appraisal Institute
Course Description: Participants learn to apply market analysis to appraisal
procedures, with particular emphasis on estimating supply and demand.The
course presents market analysis techniques as tools that can be used to
increase the reliability of highest and best use analysis and valuation
models.Course participants will gain a deeper understanding of the markets
in which buyers and sellers interact and learn how to measure the future
performance of properties.The course materials provide step-by-step procedures
for marketability studies and address situations that arise in an appraiser's
daily practice.Other topics include demand analysis for retail, office,
and residential properties and absorption and capture rate analysis for
use in discounted cash flow analysis.
The course covers the following topics:
- Supply and demand concepts
- Data gathering techniques
- Cash flow analysis
- Neighborhood analysis and marketability
Target Audience: Appraisers, real estate professionals, government regulators,
appraisal administrators, users of appraisal services, and review appraisers.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, 310, 320, and 510, or equivalent educational background,
is required.Participants must have an HP-19BII, HP-17BII, HP-12C, or equivalent
calculator and be able to use it.See our Web site (www.appraisalinstitute.org)
for a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit: Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 40 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
Course schedule: A mandatory orientation session must be scheduled prior
to the first class session.
Course Length: Classroom / Examination Hours - 36 classroom hours / 4
exam hours
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Advanced Sales Comparison and
Cost Approaches
Course Number: Level II - Course 530
Sponsoring Organization: Appraisal Institute
Course Description: This course provides in-depth instruction in the
sales comparison and cost approaches as they are applied to the valuation
of income-producing property.Participants explore various ways of determining
elements of comparison in the sales comparison approach and various methods
to select, measure, and support adjustments, including graphing, pairing,
sorting, regression analysis, and nonnumerical, subjective judgments.After
reviewing the standard methods of calculation, the course explores alternative
applications.Participants learn to conduct quantitative analysis, confirm
data, and perform final reconciliation.
The course covers the following topics:
- Sales comparison approach
- Elements of comparison
- Adjustments
- Land valuation
- Cost approach
- Reconciliation
Target Audience: General appraisers with a working knowledge of the three
approaches to estimating value.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, 310, 320, 510, and 520, or equivalent educational background,
is required.Participants must have an HP-19BII, HP-17BII, HP-12C, or equivalent
calculator and be able to use it.See our Web site (www.appraisalinstitute.org)
for a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit: Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 40 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours.
Course schedule: A mandatory orientation session must be scheduled prior
to the first class session.
Course Length: Classroom / Examination Hours - 36 classroom hours / 4
exam hours.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Advanced Applications
Course Number: Level II - Course 550
Sponsoring Organization: Appraisal Institute
Course Description: Advanced Applications synthesizes the three approaches
to value, examines their applications, and helps participants apply the
basic and advanced valuation techniques they have learned in previous
courses.Rather than rely primarily on lectures, this course lets participants
get involved in practical group work on case study assignments.Case studies
on office, apartment, subdivision, and industrial properties teach participants
to analyze and organize data and choose the appropriate tools to solve
appraisal problems.The course emphasizes the need to test the reasonableness
of all the conclusions reached in an appraisal. Advanced valuation problems
relating to distressed properties and the prospective valuation of proposed
properties are addressed.
The course covers the following topics:
- Leased fee valuation
- Income capitalization approach
- Cost approach
- Sales comparison approach
- Highest and best use analysis
- Market analysis
Target Audience: State-certified appraisers and associates who want to
improve their ability to apply appraisal methods, techniques, and procedures.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, 310, 320, 510, 520, 530, and 540, or equivalent educational
background, is required. Participants must have an HP-19BII, HP-17BII,
HP-12C, or equivalent calculator and be able to use it.See our Web site
(www.appraisalinstitute.org) for a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit: Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 40 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 36 Appraisal
Institute continuing education credit hours. A mandatory orientation session
must be scheduled prior to the first class session.
Course Length: Classroom / Examination Hours - 36 classroom hours / 4
exam hours.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Income Valuation of Small,
Mixed-Use Properties
Course Number: Specialty Course 600
Sponsoring Organization: Appraisal Institute
Course Description: Helps participants acquire the tools needed to appraise
simple properties that often present complex valuation issues.Through
lectures, in-class problems, and two case studies, participants learn
how to derive supportable potential gross income multipliers (PGIMs),
effective gross income multipliers (EGIMs), and overall capitalization
rates for these properties.The relationship between multipliers and ratios
is also explored.Participants will walk away from this hands-on learning
experience with an understanding of what is required to appraise properties
in this niche market.
The course covers the following topics:
- Theory of direct capitalization as it applies to small, mixed-use
properties
- Development of potential and effective gross income estimates
- Operating expense analysis
- Development of rates and factors used in direct capitalization
- Reconciling the findings and various rates and factors used in the
income capitalization approach
Target Audience: Residential appraisers with an interest in this property
type
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, and 210, or equivalent educational background, is required.
Participants must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator
and be able to use it.See our Web site (www.appraisalinstitute.org) for
a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit: Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 16 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 15 Appraisal
Institute continuing education credit hours.
Course Length: Classroom/Examination Hours - 15 classroom hours / 1 exam
hour.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Sales Comparison Valuation
of Small, Mixed-Use Properties
Course Number: Specialty Course 620
Sponsoring Organization: Appraisal Institute
Course Description: Sales Comparison Valuation of Small, Mixed-Use Properties
provides residential appraisers with the tools needed to appraise properties
with multiple sources of value.The course walks participants through the
process of collecting data, selecting the most comparable data, analyzing
the data, communicating the analysis, and defending the value conclusion
using the sales comparison approach. Participants will learn how to find
market support for adjustments and adjust for differences in complex elements
of comparison such as parking, land use, and seller financing.After group
discussion of a case study that offers hands-on practice in applying the
analytical techniques introduced in the course, the class reviews reconciliation,
communication skills, and consistency among the approaches.Relevant standards
issues are considered throughout the course.
The course covers the following topics:
- Sources of value in mixed-use real estate
- Appraisal principles and how they relate to mixed-use property
- Typical and atypical units of comparison for analyzing mixed-use property
- Data collection and verification
- Primary and secondary data and their uses
- The adjustment process and effective tools for analysis
- Qualitative and quantitative issues in reaching a final conclusion
Target Audience: Appraisers, real estate professionals, and users of
appraisal services.
Attendance Restrictions: Successful completion of Appraisal Institute
Courses 110, 120, and 210, or equivalent educational background, is required.
Participants must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator
and be able to use it. See our Web site (www.appraisalinstitute.org) for
a tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit: Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 16 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 15 Appraisal
Institute continuing education credit hours.
Course Length: Classroom / Examination Hours - 15 classroom hours / 1
exam hour.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Condemnation Appraising:
Basic Principles and Applications
Course Number: Specialty Course 710
Sponsoring Organization: Appraisal Institute
Course Description: This two-day course will provide you with an understanding
of the eminent domain process, rules and regulations governing condemnation
appraisals, and important issues unique to this appraisal specialty.Through
the use of lectures, activities, and extensive problem-solving exercises,
participants will acquire the tools they need to address issues such as
the various valuation rules used by different jurisdictions, the identification
and valuation of the larger parcel, and the estimation of damages and
benefits.
The course covers the following topics:
- Appraising properties acquired by condemnation through eminent domain.
- Introduction to the eminent domain environment.
- Role of the appraiser
- Larger parcel issues
- Valuation of the part acquired and the remainder
- Legal measurements of just compensation
- Analysis of damages and benefits to the remainder
Target Audience: Experienced residential and commercial appraisers who
have done little condemnation work but have an interest in condemnation
appraising.
Attendance Restrictions: Successful completion of Institute Courses 110
and 120, or equivalent educational background, is required. Participants
must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator and
be able to use it. See our Web site (www.appraisalinstitute.org) for a
tutorial on operating HP calculators.
Appraisal Institute Continuing Education Credit: Under Regulation No.
10 of the Appraisal Institute, full attendance and completion of the examination
qualify designated members for 16 Appraisal Institute continuing education
credit hours.Attendance only qualifies designated members for 15 Appraisal
Institute continuing education credit hours.
Course Length: Classroom / Examination Hours - 15 classroom hours / 1
exam hour.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
Course Title: Condemnation Appraising:
Advanced Topics and Applications
Course Number: Specialty Course 720
Sponsoring Organization: Appraisal Institute
Course Description: This two-day course builds on Course 710 and examines
advanced applications of appraisal techniques and problem solving in condemnation
cases.Participants will gain insight into how courts view various appraisal
methodologies and practice preparing exhibits, assisting in the development
of a trial strategy, and participating in a mock trial.A case study is
presented to simulate the adversarial atmosphere of a condemnation trial.
The course covers the following topics:
- Condemnation blight and enhancement
- Inverse condemnation
- Larger parcel issues
- Demonstrative evidence for trial
- Measuring damages
- General and special benefits
- Data verification
Target Audience: Experienced residential and commercial appraisers interested
in increasing their expertise and ability to provide services in eminent
domain litigation as well as attorneys interested in effective and efficient
integration of expert valuation testimony into their trial presentations.
Attendance Restrictions: Successful completion of Appraisal Institute
Course 710, or equivalent educational background, is required.Participants
must have an HP-19BII, HP-17BII, HP-12C, or equivalent calculator and
be able to use it. See our Web site (www.appraisalinstitute.org) for a
tutorial on operating HP calculators.
Course Length: Classroom / Examination Hours - 15 classroom hours / 1
exam hour.
Course Fee: Contact sponsoring chapter for fee information.
Contact Information:
The Information Center
Appraisal Institute
875 N. Michigan Ave., Ste. 2400
Chicago, IL 60611
Phone: (312) 335-4140
Fax: (312) 335-4200
E-mail: info@appraisalinstitute.org
Website: www.appraisalinstitute.org
Keywords: Appraisal, valuation
American Society of Appraisers
Course Title: Appraisal Report Writing
Course Number: ALL215
Sponsoring Organization: American Society of Appraisers
Course Description: This course addresses the difficulties of writing
and how to overcome them, the types of writing styles used in appraisal
reports, critical thinking skills, argument analysis, and logical fallacies.Examples
of good and poor writing are provided, and student writing exercises are
included.
Target Audience: Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate.
Attendance Restrictions: None
Course Length: 27 classroom hours +3 hour exam.
Course Fee: ASA member - $475, Nonmember - $575
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone: (800) 272-8258
Fax: (703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org/
Keywords: Appraisal, valuation
Course Title: Real Property Appraisal Theory, Principles,
and Concepts
Course Number: RP201
Sponsoring Organization: American Society of Appraisers
Course Description: Covers general valuation theory and principles, the
three approaches to estimating value, steps of the appraisal practice,
factors affecting value, land valuation-highest and best use, adjustments
and extractions, and property inspection techniques.
Target Audience: Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate.
Attendance Restrictions: None
Course Length: 27 classroom hours + 3 hour exam.
Course Fee: ASA member - $375, Nonmember - $475
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone: (800) 272-8258
Fax: (703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Introduction to Income Capitalization
Course Number: RP202
Sponsoring Organization: American Society of Appraisers
Course Description: Topics include introductory income capitalization,
residual analysis techniques, compound interest functions, discounting
and annuities, financial statements and ratio analysis, reconstruction
of income streams, and income property classification.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: Successful completion of RP201 or equivalent
Course Length:27 classroom hours + 3-hour exam
Course Fee::
ASA member-$375
Nonmember-$475
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone:(800) 272-8258
Fax:(703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Advanced Income Capitalization
Course Number: RP203
Sponsoring Organization: American Society of Appraisers
Course Description: Topics include advanced income capitalization, invested
return calculations, leasehold and leased fee valuations, investment analysis,
discounted cash flow analysis, valuation of mortgage and equity, and cash
equivalency and adjustments.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: Successful completion of RP201 and RP202 or
equivalents
Course Length:27 classroom hours + 3-hour exam
Course Fee::
ASA member-$450
Nonmember-$550
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone: (800) 272-8258
Fax: (703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Urban Case Studies-Part I
Course Number: RP204
Sponsoring Organization: American Society of Appraisers
Course Description: This course uses case studies to examine the market
research appraisal report, including components, organization, composition,
and supplementary exhibits.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: Successful completion of RP201, RP202, and RP203
or equivalents
Course Length:27 classroom hours + 3-hour exam
Course Fee::
ASA member-$450
Nonmember-$550
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone:(800) 272-8258
Fax:(703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Urban Case Studies-Part 2
Course Number: RP205
Sponsoring Organization: American Society of Appraisers
Course Description: Topics include the written appraisal report, data
analysis, adjustment techniques, narrative reports, and form reports.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: Successful completion of RP201, RP202, RP203
and RP204 or equivalents
Course Length:27 classroom hours + 3-hour exam
Course Fee::
ASA member-$450
Nonmember-$550
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone:(800) 272-8258
Fax:(703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Applied Residential Property Valuation
Course Number: RP213
Sponsoring Organization: American Society of Appraisers
Course Description:
This course covers:
- Current theories and contemporary interpretations
- Techniques in collecting, analyzing, verifying, organizing and interpreting
data
- Adjustment techniques; quantifying versus qualifying adjustments;
the logic and critical reasoning of appraising
- Typical single-family residence condominiums, luxury homes, and employee
relocation appraisal problems
- Theories and applications of AVMs in SFR appraising
- The new forms-FNMA's 2050, 2055, 2065, and 2075 and FHMC's 2070.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: Successful completion of RP201 and RP202 or
equivalents
Course Length:27 classroom hours + 3-hour exam
Course Fee::
ASA member-$450
Nonmember-$550
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone:(800) 272-8258
Fax:(703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Applied Small Residential Income Property
Valuation
Course Number: RP214
Sponsoring Organization: American Society of Appraisers
Course Description: Topics include inspection techniques, lender requirements,
market participants, correct adjustment techniques, the three traditional
approaches to estimating value, benefits and pitfalls of FNMA form 1025,
reconciliation and appropriate addenda, benefits and pitfalls of FHLMC's
form 72 (all versions), and a look at FHLMC's forms 71A and 71B.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: Successful completion of RP201 and RP202 or
equivalents
Course Length:27 classroom hours + 3-hour exam
Course Fee::
ASA member-$450
Nonmember-$550
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone:(800) 272-8258
Fax:(703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
Course Title: Forensic Real Property Appraising
Course Number: RP302
Sponsoring Organization: American Society of Appraisers
Course Description: Participants learn how to perform litigation-related
valuation assignments and litigation support, how to write contracts for
appraisal services, and how to manage their relationship with clients
and counsel.The seminar covers this specialty from appraiser qualifications
and marketing to special reporting guidelines and the rules of evidence.Topics
include court testimony, report preparation, depositions, and interrogatories.
Target Audience:Real estate professionals specializing in residential,
urban, rural, and ad valorem real estate
Attendance Restrictions: None
Course Length:7 hours
Course Fee::
None
Contact Information:
Patrick L. Christoff, Ed.D., or Sandra K. Stein
555 Herndon Parkway, Suite 125
Herndon, VA 20170
Phone:(800) 272-8258
Fax:(703) 742-8471
E-mail: patrick@appraisers.org
sstein@appraisers.org
Website: www.appraisers.org
Keywords: Appraisal, valuation
American Society of Farm Managers and Rural Appraisers
Course Title: Fundamentals of Rural Appraisal
Course Number: A-10
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: This course offers a comprehensive introduction to
rural appraising by covering the basic concepts, principles, procedures,
and valuation process.For individuals new to rural appraisal, the course
explains what professional rural appraisers do, the procedures they follow,
and the level of performance required in conducting the appraisal.Examples,
problems, and case studies are used to make a connection between the theoretical
side of appraisal economics and the practical side of the market and the
appraisal process.Course work progresses from basic theories of property
and markets to the comprehensive appraisal report.Participants will develop
an understanding of depreciation, income capitalization, analysis, and
comparison processes.
Target Audience:Anyone interested in rural real estate appraisal
Attendance Restrictions: None. This is a beginner skill-level course.
Course Length:42 hours
Course Fee::
ASFMRA member-$495
Nonmember-$660
Site fee-$80
Contact Information: Please refer to the Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Fundamentals of Rural Appraisal (Internet
Course)
Course Number: A-10INT
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: This course offers a comprehensive introduction to
rural appraising by covering the basic concepts, principles, procedures,
and valuation process.For individuals who are new to rural appraisal,
the course explains what professional rural appraisers do, the procedures
they follow, and the level of performance required in conducting the appraisal.Examples,
problems, and case studies are used to make a connection between the theoretical
side of appraisal economics and the practical side of the market and the
appraisal process.Course work progresses from basic theories of property
and markets to the comprehensive appraisal report.Participants will develop
an understanding of depreciation, income capitalization, sales analysis,
and comparison processes.
Target Audience:Anyone interested in rural real estate appraisal
Attendance Restrictions: None. This is a beginner skill-level course.
Course Length:15 weeks
Course Fee::
ASFMRA-$500
Nonmember-$650
Contact Information: Please refer to the Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: ASFMRA Code of Ethics
Course Number: A-12
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: This course is devoted exclusively to the discussion
of the Code of Ethics of the ASFMRA Articles 1-15.The course concludes
with a written examination and may be taken alone or in conjunction with
Part II.Completion of this course will satisfy American Society of Farm
Managers and Rural Appraisers (ASFMRA) ethics requirements for the ARA
and RPRA designations.ASFMRA appraisal members are required to take Part
I every 9 years.Topics include ASFMRA Ethics and Bylaws Articles 1-15,
history of the ASFMRA, relationship of the Code of Ethics to the Uniform
Standards of Professional Appraisal Practice (USPAP), and summary of enforcement
procedures.
Target Audience:Real estate appraisal professionals
Attendance Restrictions: None, but A-10 is recommended.
Course Length:7 hours + 1-hour exam
Course Fee::
ASFMRA member-$115 Nonmember-$160
Site fee-$20
Contact Information: Please refer to the Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Principles of Rural Appraisal
Course Number: A-20
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: Building on basic appraisal concepts, participants
explore the practical application of the appraisal process.Course lectures
are supplemented with a case study.This course is a natural progression
for individuals who have completed A-10, Fundamentals of Rural Appraisal,
and want to focus on the skills needed to solve rural appraisal problems.These
skills include data analysis, application of proper methods to derive
essential information from the data, and the interpretation and examination
of the soundness of the mathematical conclusions.This course is also suggested
for rural appraisers interested in updating their knowledge of the recommended
methods and techniques used to prepare a contemporary rural appraisal
report.The course reviews appraisal concepts, expands on practical applications
of the three approaches to value, and addresses the calculation of discounts
for favorable financing (cash equivalency).Topics include annuity capitalization,
income approach, sales comparison approach, direct and straight-line capitalization,
cash equivalency, depreciation, market abstraction, and cost approach.
Target Audience:Appraisal professionals
Attendance Restrictions: Completion of A-10 or American Society of Appraisers
(ASA) RP201
Course Length:40 hours + 4-hour exam
Course Fee::
ASFMRA or ASA member-$530
Nonmember-$700
Site fee-$80
Contact Information:Mary Elster 950 South Cherry Street, Suite 508 Denver,
CO 80246-2664 Phone:(303) 758-3513 Fax:(303) 758-0190 E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Principles of Rural Appraisal
Course Number: A-20
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: Building on basic appraisal concepts, participants
explore the practical application of the appraisal process.Course lectures
are supplemented with a case study.This course is a natural progression
for individuals who have completed A-10, Fundamentals of Rural Appraisal,
and want to focus on the skills needed to solve rural appraisal problems.These
skills include data analysis, application of proper methods to derive
essential information from the data, and the interpretation and examination
of the soundness of the mathematical conclusions.This course is also suggested
for rural appraisers interested in updating their knowledge of the recommended
methods and techniques used to prepare a contemporary rural appraisal
report.The course reviews appraisal concepts, expands on practical applications
of the three approaches to value, and addresses the calculation of discounts
for favorable financing (cash equivalency).Topics include annuity capitalization,
income approach, sales comparison approach, direct and straight-line capitalization,
cash equivalency, depreciation, market abstraction, and cost approach.
Target Audience:Appraisal professionals
Attendance Restrictions: Completion of A-10 or American Society of Appraisers
(ASA) RP201
Course Length:40 hours + 4-hour exam
Course Fee::
ASFMRA or ASA member-$530
Nonmember-$700
Site fee-$80
Contact Information:Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Highest and Best Use
Course Number: A-29
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: The goal of this course is to provide a forum for
analysis and discussion of the impacts on the highest and best use of
rural real estate.The course provides a review of the basics of the principle
of highest and best use, including some of the most elemental concepts
of the appraisal process.This review provides a foundation for the application
of the tests required to determine ultimate highest and best use: legally
permissible uses, physically possible uses, financially feasible uses,
and maximally productive uses.Students apply the concepts and techniques
used to complete a highest and best use analysis to a series of drill
problems and case studies designed to provide practical application of
appraisal theory.In addition, a forum for the discussion of theory and
how to apply it to the practical day-to-day world of rural appraisal is
provided with other appraisers possessing similar levels of experience
and expertise.
Topics include appraisal concepts, appraisal and economic principles,
factors of value, Uniform Standards of Professional Appraisal Practice
(USPAP) standards affecting highest and best use, legally permissible
uses, physically possible uses, financially feasible uses, maximally productive
uses, single use, special purpose uses, nonconforming uses, excess land,
multiple uses, concurrent uses, testing use conclusions, interim use,
transitional use and property in transition, and the highest and best
use statement as it appears in the narrative appraisal report.The drill
problems include exercises drawn from other course work, including A-10
and A-20, as well as some advanced problems designed to stimulate the
learning process.The case studies are all highest and best use sections
taken from actual appraisal reports and are designed to stimulate class
discussion.Examples include conservation easements and highest and best
use of wetlands and property affected by wetlands.
Target Audience:This course is considered to be at an intermediate level
and is designed for those appraisers having considerable experience in
appraising rural real estate or for those who have completed the first
two levels of core courses offered by the American Society of Farm Managers
and Rural Appraisers.
Attendance Restrictions: This is an intermediate skill-level course.
Completion of A-10 or American Society of Appraisers RP201 and A-20 or
equivalent is required.
Course Length:15 hours + 1-hour exam
Course Fee::
ASFMRA member-$225
Nonmember-$300
Site fee-$40
Contact Information:Please refer to Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Advanced Rural Appraisal
Course Number: A-30
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: A thorough and comprehensive review of the appraisal
process, plus advanced rural valuation techniques covering a wide array
of property types, is presented.This course brings together all advanced
rural techniques and includes a narrative case study.This course is a
necessity for practicing and/or reviewing appraisers.The course enhances
appraisal technique by emphasizing market abstraction for components used
in all three approaches to value; analyzes leases (leasehold/ leased-fee);
advances income concepts such as discounted cash flow analysis, solving
for internal rates of return and equity dividend rates, and enhances technical
skills; emphasizes application of techniques using problems and a working
case study; and presents advanced application of depreciation, capitalization,
and market derived adjustments.
Topics include cost approach-breakdown of depreciation into physical,
functional, and external components; income approach-band of investment;
gross income multipliers; gross rent multipliers; discounted cash flow;
internal rates of return; lease analysis; and advanced application of
the sales comparison approach.There is a "hands-on" full-day
case study using the three approaches to value
Target Audience:Practicing and/or reviewing appraisers
Attendance Restrictions: This is an advanced skill-level course. Completion
of A-10 or American Society of Appraisers (ASA) RP201, A-20, A-25, A-27
or ASA RP202, and A-29 or equivalent is required.
Course Length:43.5 hours + 4-hour exam
Course Fee::
ASFMRA or ASA member-$550
Nonmember-$725
Site fee-$80
Contact Information:Please refer to Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Advanced Resource Appraisal
Course Number: A-34
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: This is an intermediate to advanced course designed
to apply valuation techniques learned in A-20 and A-30 to properties that
include mineral rights, water rights, and/or timber rights.The course
differentiates between these rights but also identifies similarities whereby
the basic valuation processes can be applied. Sales analysis techniques
include land allocation by direct component comparison and ratio techniques.Paired
sales, direct sale comparison, ratio analysis, and discounted cash flow
applications are demonstrated in the course.
Three case studies are used to illustrate the valuation of natural resources
(minerals, water, and timber).The minerals section contains segments that
consistently apply the appraisal theory and procedures to elements such
as surface mining (sand, gravel, coal, precious metals, specialty clays,
etc.) and drill problems covering similar situations for underground mining
(oil, gas, etc.).The water section deals with commercial and recreational
applications, split estates, and ownership.The timber section includes
discussion of pre-merchantable and merchantable timber.Timber, mineral
deposits, and water rights are uniformly analyzed to demonstrate common
valuation processes applicable to otherwise unique and complex properties.The
course covers complete sales analysis; cost approach, including advanced
depreciation; income approach, including direct capitalization, discounting,
rate extraction, and discounted cash flow analysis; and sales comparison
approach, including all aspects of pairings, adjustments, multipliers,
and alternative units of comparison.
Target Audience:Appraisal professionals
Attendance Restrictions: This is an advanced skill-level course. Completion
of A-10 or American Society of Appraisers (ASA) RP201, A-20, A-25, A-27
or ASA RP202, A-29, and A-30 or equivalent is required.
Course Length:42.5 hours + 4-hour exam
Course Fee::
ASFMRA member-$560
Nonmember-$725
Site fee-$80
Contact Information:Please refer to Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Advanced Appraisal Review
Course Number: A-35
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: This is a "technical" review course demonstrating
the interrelationships of the appraisal process; commercial, residential,
and agricultural narrative and form appraisal reports are included.It
covers the process of formally defining the responsibilities of a reviewer,
the steps to a formal review, the minimum educational and experience requirements
for a reviewer, the reviewer's role in the process, and the reviewer's
reporting requirements.Independent fee appraisers will benefit greatly
from taking this course.Through a better understanding of the review process,
the fee appraiser can prepare appraisals that are more readily acceptable
by the reviewer.This course is based on Standard III of the Uniform Standards
of Professional Appraisal Practice (USPAP), which states that the "technical"
review appraiser is responsible for preparing a separate report setting
forth the results of the review process.Thus, this course begins with
coverage of Standards 1, 2, and 3 of USPAP-inclusive of the Competency
and Departure Provisions.The Appraisal Education Committee of the American
Society of Farm Managers and Rural Appraisers (ASFMRA) believes an understanding
of the Uniform Standards is essential for background and required performance
of the review appraiser.
The course material provides for hands-on review of appraisals of at
least seven different properties, ranging from agricultural to transitional,
developmental, residential, and income commercial properties.
Topics include:
- History and need for appraisal reviews
- Requirements for appraisal review process
- Review appraiser-role, minimum qualifications, limitations, and final
obligations
- Review report writing, procedure and methods of review
- Use of the SARR, UAAR, URAR, and FMHA rural forms
- Divergence resolution
- Common deficiencies and errors
- Purpose of The Appraisal Foundation.
Target Audience:Government and State agency reviewers, reviewers for
federally funded programs and various lending institutions
Attendance Restrictions: This is an advanced skill-level course. Completion
of A-10 or American Society of Appraisers (ASA) RP201, A-20, A-25, A-27
or ASA RP202, A-28 or ASA RP203, A-29, and A-30 or equivalent is required.
Attendees should read Capitalization Theory and Techniques, Study Guide
and have a working knowledge of lessons 1 through 10. Students must be
conversant with proportional land mix analysis.
Materials: HP-12C, HP-17BII, or HP-19BII; Rural Appraisal Manual, eighth
edition; Capitalization Theory and Techniques, Study Guide.
Course Length:45 hours + 5-hour exam
Course Fee::
ASFMRA member-$590
Nonmember-$775
Site fee-$80
Contact Information:Please refer to Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Course Title: Advanced Rural Case Studies
Course Number: A-40
Sponsoring Organization: American Society of Farm Managers and Rural
Appraisers
Course Description: The purpose of this course is to help participants
apply appraisal principles and analytical techniques to rural appraisal
problems.Specialized property types are used to emphasize different parts
of the appraisal process.The advanced applications include the breakdown
method of depreciation, development cost, yield rate extraction, discounted
cash flow analysis, and applications for data analysis.The class divides
into small groups to analyze and solve case studies.Drill problems that
focus on individual appraisal procedures supplement the case study material.This
course was developed as a joint effort between the American Society of
Farm Managers and Rural Appraisers (ASFMRA) and the Appraisal Institute.
The course concentrates on advanced valuation procedures using four case
studies--typical rural property, building-intensive property (dairy),
a rural subdivision, and a permanent planting (orchard).These case studies
are analyzed to illustrate advanced cost and depreciation, cash flows,
advanced income techniques, proportional and trend analysis.The course
also deals with statistics, bracketing, property description, highest
and best use, site values, reconciliation and final value estimates.
Target Audience:Appraisal professionals
Attendance Restrictions: This is an advanced skill-level course. Students
should have completed A-10 or RP201 through A-30, or have equivalent background
including Appraisal Institute courses 110 Appraisal Principles, 120 Appraisal
Procedures, 310 Basic Income Capitalization, and 320 General Applications.Those
students who have not completed A-20 and A-30, and are not conversant
with proportional land mix analysis, must read "Sales Analysis"
(Section 6) of the Rural Appraisal Manual before beginning the course.
Course Length:48 hours + 4-hour exam
Course Fee::
ASFMRA /Appraisal Institute members or affiliate-$590
All others-$775
Site fee-$80
Contact Information:Please refer to Web site for updated information:
www.asfmra.org or contact:
Mary Elster
950 South Cherry Street, Suite 508
Denver, CO 80246-2664
Phone:(303) 758-3513
Fax:(303) 758-0190
E-mail: asfmra@agri-associations.org
Website: www.asfmra.org
Keywords: Appraisal, valuation
Federal Highway Administration/Office of Real Estate
Services
Course Title: Real Estate Appraisal Workshop:Uniform Standards of Professional
Appraisal Practices and the Uniform Act
Course Number: 141037 (Technical Assistance)
Sponsoring Organization: Federal Highway Association/Office of Real
Estate Services
Course Description: A one-day technical assistance workshop, customized
to meet the local needs of each audience.An FHWA program office representative
discusses the real versus the often-perceived differences between government
appraisal requirements (Uniform Act and 4 CFR) and the Uniforms Standards
of Professional Appraisal Practices (USPAP).This workshop covers how government-required
appraisal services can be performed by State certified and licensed appraisers
and remain in conformance with USPAP.
Target Audience:State Highway Agencies, Local Public, Right of Way Consultants
Attendance Restrictions: None
Course Length:1 Day
Course Fee:: No fee if provided by the Federal Highway Administration
Division.
$700 with 1 FHWA Staff Instructor
Contact Information: Bryan O'Neill
Office of Real Estate Services
Federal Highway Administration
U.S. Department of Transportation
400 7th St. SW Suite 3221
Washington, DC 20590
Phone:(202) 366-9881
Fax: (202) 366-3713
E-mail: Bryan.O'Neill@fhwa.dot.gov
Website: www.fhwa.dot.gov/realestate
Keywords: Appraisal, valuation
Course Title: Real Estate Appraisal Review Workshop
Course Number: 141038 (Technical Assistance)
Sponsoring Organization: Federal Highway Administration Office of Real
Estate Services
Course Description: A two-day technical assistance workshop, customized
to meet the local needs of each audience.The focus is on the role of the
review appraiser in a public agency which acquires real property I conformance
with Federal and State law, policies and procedures.Discussion centers
on two general areas; (1) consistency with, and divergence between the
Uniform Act and 49 CFR, and USPAP, and (2) practical application of appraisal
review techniques and "best practices."The discussion topics
may include a wide range of issues which government review appraisers
face in the performance of their duties; agency policy, appraisal management,
data analysis, communicating, involvement as part of the management team,
valuation consistency, litigation, and others.The sessions are typically
conducted by a team of two FHWA program office representatives.
Target Audience:State Highway Agencies, Local Public, Right of Way Consultants
Attendance Restrictions: None
Course Length:1 or 2 Days
Course Fee:: $700 (1 Day with 1 FHWA Staff Instructor)
$850 (2 Days with 1 FHWA Staff Instructor)
Contact Information: Bryan O'Neill
Office of Real Estate Services
Federal Highway Administration
U.S. Department of Transportation
400 7th St. SW Suite 3221
Washington, DC 20590
Phone:(202) 366-9881
Fax: (202) 366-3713
E-mail: Bryan.O'Neill@fhwa.dot.gov
Website: www.fhwa.dot.gov/realestate
Keywords: Appraisal, valuation
International Right of Way Association
Course Title: Principles of Real Estate Appraisal
Course Number: 400
Sponsoring Organization: International Right of Way Association
Course Description: This course introduces the principles of real estate
and real property valuation.It is also a refresher course for the experienced
right-of-way professional who would like to enhance his/her appraisal
abilities.Topics include types and uses of appraisals, types of value,
economic principles, the appraisal process, market analysis, area and
site analysis, highest and best use analysis, sales comparison approach,
cost approach, income approach, reconciliation and final value determination,
and an introduction to partial acquisitions.
Target Audience:This course is designed for new appraisers and those
interested in entering the appraisal field who need a basic course.This
is also a good course for those wanting an overview on appraisal fundamentals.
Attendance Restrictions: None
Course Length:2 Days
Course Fee:: Member-$295
Nonmember-$385
Contact Information: Connie Sanchez
Senior Course Coordinator
IRWA Headquarters
Pacifica Harbor Business Center #220
Torrance, CA 90502-1144
Phone:(310) 538-0233
Fax:(310) 538-1471
E-mail: sanchez@irwaonline.org
education@irwaonline.org
Website: www.irwaonline.org
Keywords: Appraisal, valuation
Course Title: Appraisal of Partial Acquisitions
Course Number: 401
Sponsoring Organization: International Right of Way Association
Course Description: This how-to, hands-on application course deals with
special problems involved with the evaluation of partial takings (fee
and easement).Students learn about various accepted appraisal methods
and how to select the most appropriate for a given situation.Topics include
valuation of the larger parcel, two approaches to right-of-way valuation,
techniques for valuation of the part acquired, damages/diminution to the
remainder, special benefits, and the appraiser as expert witness.Numerous
case studies and problems are solved by the student to highlight the course
material.
Target Audience:This course is for those who already have a good understanding
of basic appraisal applications but want learning experiences that will
enable them to perform better in real situations.
Attendance Restrictions: Successful completion of 101A/400
Course Length:5 days
Course Fee:: Member-$555
Nonmember-$725
Contact Information: Connie Sanchez
Senior Course Coordinator
IRWA Headquarters
Pacifica Harbor Business Center #220
Torrance, CA 90502-1144
Phone:(310) 538-0233
Fax:(310) 538-1471
E-mail: sanchez@irwaonline.org
education@irwaonline.org
Website: www.irwaonline.org
Keywords: Appraisal, valuation
Course Title: Introduction to the Income Capitalization
Approach
Course Number: 402
Sponsoring Organization: International Right of Way Association
Course Description: Introduces the income capitalization approach to
appraisal in a concise, easy-to-understand format.With a combination of
lecture and case studies, this intensive course teaches students to apply
the approach in a variety of situations.Topics include valuation process,
income capitalization approach, direct and yield capitalization, and components
of direct capitalization.
Target Audience:An advanced course for those wishing to understand income
capitalization for appraising
Attendance Restrictions: Successful completion of 101A
Course Length:1 day
Course Fee:: Member-$230
Nonmember-$300
Contact Information: Connie Sanchez
Senior Course Coordinator
IRWA Headquarters
Pacifica Harbor Business Center #220
Torrance, CA 90502-1144
Phone:(310) 538-0233
Fax:(310) 538-1471
E-mail: sanchez@irwaonline.org
education@irwaonline.org
Website: www.irwaonline.org
Keywords: Appraisal, valuation
Course Title: Easement Valuation
Course Number: 403
Sponsoring Organization: International Right of Way Association
Course Description: This is a practical, hands-on course that presents
specific methods and procedures by which to measure and value property
before and after an encumbrance, as well as damages, if any result.Topics
include how to value the whole and the part taken; ways to measure severance
damages; and how to measure construction damages, if any result.
Target Audience:Those who want to know how to measure and value property
with respect to encumbrance
Attendance Restrictions: None
Course Length:1 day
Course Fee:: Member-$230
Nonmember-$299
Contact Information: Connie Sanchez
Senior Course Coordinator
IRWA Headquarters
Pacifica Harbor Business Center #220
Torrance, CA 90502-1144
Phone:(310) 538-0233
Fax:(310) 538-1471
E-mail: sanchez@irwaonline.org
education@irwaonline.org
Website: www.irwaonline.org
Keywords: Appraisal, valuation
Course Title: Appraisal Theory and Principles
Course Number: 404
Sponsoring Organization: International Right of Way Association
Course Description: This course emphasizes skills required for preparing
appraisal reports for governmental agencies and public or quasi-public
companies.Students perform analysis and calculations required for each
approach to value.Topics include introduction to appraisals and appraising,
appraisal reports, nature and importance of value, legal considerations
in appraising, principles of valuation, understanding real estate markets,
impact of financing, valuation process, data collection and analysis,
area and neighborhood analysis, property analysis, highest and best use
analysis, site comparison approach, site valuation, cost approach, income
approach, reconciliation, final value estimate, valuation of partial interests,
and condemnation appraisals.The course begins with an introduction on
Sunday evening and runs Monday through Friday; the exam is administered
on Saturday morning.
Target Audience:Right-of-way and real estate professionals interested
in entering the appraisal field, or non-appraisers who want to gain an
increased understanding of appraisal or valuation theory and principles
Attendance Restrictions: Successful completion of Course 101, or equivalent
experience.
Course Length:6 days
Course Fee:: Member-$560
Nonmember-$725
Contact Information: Connie Sanchez
Senior Course Coordinator
IRWA Headquarters
Pacifica Harbor Business Center #220
Torrance, CA 90502-1144
Phone:(310) 538-0233
Fax:(310) 538-1471
E-mail: sanchez@irwaonline.org
education@irwaonline.org
Website: www.irwaonline.org
Keywords: Appraisal, valuation
Course Title: Valuation of Contaminated Property
Course Number: 407
Sponsoring Organization: International Right of Way Association
Course Description: Focusing on properties that have been contaminated
by toxic waste, this course presents appraisal techniques enabling students
to address contamination issues that affect real estate and the valuation
of real property, methodologies appropriate to appraise impacted properties,
reference sources that deal with environmental issues, and eminent domain.Topics
include valuation framework used in appraising contaminated properties,
contamination versus conservation, examples and categories of contaminated
properties, environmental site assessments, relationship between technical
and valuation teams, and valuation of contaminated properties.
Target Audience:Those wanting to learn how to appraise property that
has been contaminated by toxic waste
Attendance Restrictions: None
Course Length:1 day
Course Fee:: Member-$215
Nonmember-$280
Contact Information: Connie Sanchez
Senior Course Coordinator
IRWA Headquarters
Pacifica Harbor Business Center #220
Torrance, CA 90502-1144
Phone:(310) 538-0233
Fax:(310) 538-1471
E-mail: sanchez@irwaonline.org
education@irwaonline.org
Website: www.irwaonline.org
Keywords: Appraisal, valuation
National Association of Independent Fee Appraisers
Course Title: Principles of Residential Real Estate Appraising
Course Number: 1.1
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This four-day course is designed to provide a comprehensive
view of the significance of the role and responsibilities of the appraiser.
The factors creating and affecting value will be demonstrated as well
as the practical applications of the real-estate values that affect value
and that are critical in solving realty valuation problems. The appraisal
process, the flow chart for valuation, will be covered in detail with
class members solving verbal and mathematical valuation problems.Class
participation is encouraged. Types of appraisals and report formats will
be discussed.The class will complete a case study, providing an opportunity
to put theory into practice.The NAIFA member examination will be given
at the end of the course. Students must pass the examination to receive
a certificate of completion.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:30 hours
Course Fee:: $542
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Principles Review
Course Number: 1.1A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to review the principles
and how they affect real estate.The course will also cover value (factors
and forces) and bundle of rights.Testing will be optional.
Course content includes:
- Value: defined, factors
- Real-estate principles
- Bundle of rights
- Limitations on ownership
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising-or
its equivalent.
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Dissection of a Residential Appraisal Report
Course Number: 1.1B
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed as a hands-on program to
help appraisers, reviewers and loan underwriters identify mathematical,
conceptual, technical and logic inconsistencies in an appraisal report.The
program is based on the premise that the identification of incorrect procedures
and entries is the foundation for learning how to complete a report without
those deficiencies. More than 75 percent of the class time will be spent
working on case studies and completing mental exercises.Inappropriate
report entries, common errors, clients' responsibilities, Fannie Mae guidelines,
USPAP violations and FIRREA implications applicable to each section of
the report will be discussed briefly and then be reinforced by extensive
class participation. Testing will be optional.
Course content includes:
- Inconsistencies in an appraisal report
- Inappropriate report entries Common errors
- Clients' responsibilities
- Fannie Mae guidelines
- USPAP violations
- Identifying adjustments
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising
or its equivalent.
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Market Data Analysis of Residential Real
Estate Appraising
Course Number: 1.2
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course has been designed to teach the students
how to prove adjustments by market abstraction, by calculating depreciation
and by completing the URAR Single Family Report. The course is designed
around classroom problems and a working manual.Students must pass the
examination given at the end of the course to receive a certificate of
completion.
Contents of this course include:
- Introduction to market abstraction
- Case studies applying the mathematics of proving adjustments
- Methods applied in supporting dollar adjustments of depreciation
- Market abstraction of depreciation cost, contributory value and appreciation
- Isolation of depreciation by the income approach
- Review of appraisal principles and terminology
- The step-by-step process for completing the URAR Single Family Residential
Report Form
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:30 hours
Course Fee:: $496
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Market Abstraction Review
Course Number: 1.2A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is a review of market abstraction methods.
Students will review basic definitions as well as work market abstraction
problems to determine adjustments in the market section.The course requires
the use of a financial calculator.Testing will be optional.
Course contents include:
- Case studies applying the mathematics of proving adjustments
- Market abstraction of depreciation
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising
and Market Data Analysis of Residential Real Estate Appraising-or their
equivalents.
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Home Inspections: Common Defects in Homes
Course Number: 1.3D
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach appraisers how to
recognize the presence of environmental concerns in homes, including radon,
asbestos and underground storage tanks; how to recognize easily identifiable
code violations, including structural, plumbing, electrical and mechanical
violations; and how to recognize common defects in homes, including the
exterior, interior and major systems.Testing will be optional.
Course content includes:
- Common defects in homes.
- Basic code violations: structural, plumbing, electrical, mechanical
- Environmental concerns: radon, asbestos, underground storage tanks
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Report Writing of Residential Real Estate
Appraising
Course Number: 1.4
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course has been designed to teach the students
how to complete real-estate appraisal reports.The class will learn the
steps for completing narrative reports, relocation reports and condominium
reports as well as the steps for review appraising. Students must pass
the examination given at the end of the course to receive a certificate
of completion.
Course content includes:
- Review of Code of Ethics as applied to appraisals
- Practices, standards and rules for writing appraisal reports
- Definitions
- Step-by-step instructions for narrative reports
- Review of procedural guidelines for relocation appraisals
- Review E-R-C Appraisal Report Form
- Common errors in relocation-appraisal reports
- Background and history of condominiums
- Formation and declaration of condominiums
- Appraisal assignments: types of values
- Appraisal examples
- Use of review-appraisal assignment check sheet for short forms and
narrative reports
- Review of URAR Form #1004
- Outline in quality control of form appraisal reports
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:30 hours
Course Fee:: $526
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Report Writing--Non-Residential
Course Number: 1.4B
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: Students will learn step by step how to put together
a commercial narrative appraisal report.The course will introduce income
terminology & proper use of income/operating statements.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Residential Analysis for Small Income Property
Appraisals
Course Number: 1.5
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed as an extension of capitalization
and techniques as used by residential appraisers.Students will learn more
about income capitalization and the compound interest concepts, including
the six functions of a dollar.A review of the appraisal process and the
basic principles will focus on the related study of small residential
income properties and investor objectives.Testing will be optional.
The course content includes:
- Review of appraisal process
- Discussion of economic principles, theories & assumptions
- Investor objectives
- Appraisal forms
- Highest and best use
- Income and expense statements
- Appraisal math: six functions of a dollar
- Income capitalization techniques
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising-or
its equivalent.
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Small Income Property Appraisals
Course Number: 1.5A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to introduce residential
appraisers to a variety of complex residential properties that may require
using the income approach rather than the sales comparison approach to
value.Many properties may be zoned for residential use as well as other
permitted uses; for example, offices, retail outlets and apartments or
condominiums may co-exist on the same property.The class will cover many
types of properties, including a doctor's office combined with apartments,
a six-family residential apartment house and a one-family residence with
an accessory building that is legally used as an on-site delicatessen
with one boarding unit. Testing will be optional.
Course topics include:
- Determining the type of essential data needed.
- Analyzing highest and best use of the land and improvements
- Preparing income and expense statements
- Applying the appropriate valuation approaches
- Capitalizing income to value
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising-or
its equivalent.
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Testing Highest and Best Use
Course Number: 1.6
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course has been designed to analyze the property
"as if vacant" and "as if improved" with the greater
emphasis given to the most profitable use.Case studies include single-family
analysis as well as small income property examples.Appraisers will also
analyze when an existing property must be rehabilitated, modernized or
remodeled to produce the maximum profit at highest and best use.Testing
will be required.The content of this course includes applied economic
theory, USPAP rulings, the theory of highest and best use, consistent-use
theory, narrative formats, and Case studies.
Target Audience:Real estate professionals
Attendance Restrictions: none
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Financial Analysis of Income Properties
Course Number: 2.0
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course has been designed to teach the students
how to use the HP 12C calculator and how to understand the mathematics
of appraising.Instruction on the HP 12C financial calculator will cover
everything from simple calculations to wraparound mortgages.Students should
take this course before the capitalization courses.Students must pass
the examination given at the end of the course to receive a certificate
of completion.
Course content includes:
- Appraisal methods of the income approach
- Interrelationships of the basic functions
- Factors as multipliers and dividers
- Present worth of annuities, leased fees and leasehold interest
- Mortgage analysis and cash equivalents
- Mortgage equity
- Simple calculations
- Storage functions
- Amortization: payments
- Amortization schedules: payments
- Mortgage constants
- Increase NOI: sales price
- IRR explanation
- Discounted mortgages, wraparound mortgages
Target Audience:Real estate professionals
Attendance Restrictions: none
Course Length:8 hours
Course Fee:: $288
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Financial Analysis of Income Properties
Using Discounted Cash Flow Analysis
Course Number: 2.0A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This one-day course is designed as a continuation
of 2.0 Financial Analysis of Income Properties.Particular emphasis will
be put on leases, internal rates of return and net present values and
their interrelationships. Testing will be optional.
The content of this course includes:
- Review of 2.0 course
- Interrelationships of the six functions of a dollar
- IRR of even cash flows
- IRR of uneven cash flows
- NPV of various leases, including graduated leases
Target Audience:Real estate professionals
Attendance Restrictions: Financial Analysis of Income Properties-or its
equivalent.
Course Length:8 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Introduction to Income Property Appraising
Course Number: 2.1
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to introduce students to
the appraisal of properties designed to be rented to tenants.During the
course, students will process the income from such properties, develop
reconstructed income statements, identify and use the elements of comparison
for various types of properties to obtain indications of value, apply
direct capitalization and develop capitalization rates using various methods
of recapture.The first part of the senior member examination will be given
at the end of this course. Students must pass this examination to receive
a certificate of completion.
The contents of this course include:
- Processing income
- Using the sales comparison approach to value
- Developing capitalization rates
- Applying the six functions of a dollar
- Applying the building residual technique to property valuation and
estimation of depreciation
- Applying the land residual technique as a method of forming an opinion
of highest and best use
Target Audience:Real estate professionals
Attendance Restrictions: Financial Analysis of Income Properties-or its
equivalent
Course Length:30 hours
Course Fee:: $516
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Basic Commercial Review/VIM and IRV Review
Course Number: 2.1 A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed as a review of the process
of the basic income approach using VIM with residential and small income
properties as well as a review of IRV and processing income. Testing will
be optional.
Courses content includes:
- VIM: finding the multiplier
- IRV: finding the rate
- Rate development
Target Audience:Real estate professionals
Attendance Restrictions: Financial Analysis of Income Properties and
Introduction to Income Property Appraising-or its equivalent.
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Techniques of Income Property Appraising
Course Number: 2.2
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to introduce students to
the techniques of the appraisal of properties designed to be rented to
tenants. During the course, students will value leased fee and leasehold
estates and use discounted cash flow analyses, mortgage-equity analyses
and statistical evaluation of data including linear regression.The second
part of the senior member examination will be given at the end of the
course.Students must pass this examination to receive a certificate of
completion.
The contents of this course include:
- Valuation of partial interests
- Discounted cash flow analyses
- Mortgage-equity analyses
- Statistical analysis of appraisal data
- Linear regression
Target Audience:Real estate professionals
Attendance Restrictions: Introduction to Income Property Appraising-or
its equivalent
Course Length:30 hours
Course Fee:: $516
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Condemnation Appraising
Course Number: 2.3
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This two-day course is an introduction to condemnation
appraising.It also provides an overview of other real-estate valuation
problems that might result in litigation.The course is valuable to all
real-estate professionals involved with assignments that might require
testimony in court.Students will be taught how to do condemnation appraisals
that meet the Uniform Appraisal Standards for Federal Land Acquisitions
as well as local laws and procedures and that are in accordance with the
Uniform Standards of Professional Appraisal Practice.This course has been
proved valuable to attorneys, government agency officers and other officials
who must deal with condemnation.This is an appraisal course, not a law
course.Students must pass the examination given at the end of the course
to receive a certificate of completion.
The content of this course includes:
- Appraisal concepts in condemnation
- Introduction to the before and after process
- Condemnation appraisal report, formats
- Attorney explains the fundamentals (video)
- Federal and state condemnation procedures
- Process of taking private property
- Case studies and class problems
- Larger parcel concepts
- Valuation concepts in condemnation
- Understanding the "Uniform Act"
- Relationships: appraiser/attorney or client
- This property is condemned (video)
- Takes: total or partial
- Damages: subjective or objective
- Easement valuation, terminology
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising,
Market Data Analysis of Residential Real Estate Appraising, Introduction
to Income Property Appraising, Techniques of Income Property Appraising
- or their equivalents.
Course Length:15 hours
Course Fee:: $313
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Litigation Valuation: The Appraiser's Role
as an Expert Witness
Course Number: 2.3A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to prepare appraisers to
communicate their appraisal reports effectively in court and to minimize
the apprehension of appearing in course as a witness.Students will learn
the basic courtroom fundamentals, terminology and procedures to become
capable of defending their services as appraisers or consultants.Students
must pass the examination given at the end of the course to receive a
certificate of completion.
The content of this course includes:
- Terminology
- Uniform Standards of Professional Appraisal Practice
- Preparation of Report Writing
- Handling Difficult Questions
- Types of Cases
- Pretrial Conference
- Depositions
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $313
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: American Disabilities Act Title III Affect
on R.E. & R.E. Appraisers
Course Number: 2.6
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to educate appraisers about
the construction or architectural changes needed to comply with Title
III of the American Disabilities Act.The act, which was signed by President
Bush in July 1990, is designed to extend civil rights protection to people
with disabilities.The course will discuss the intent of the law, civil
rights legislation, the definition of disability, public accommodation,
dates of compliance, landlord/tenant responsibilities, commercial facilities,
implementation, new construction and alterations to existing construction
as well as to historic properties.Testing will be optional.
The content of this course includes:
- Title III and its effects on real estate
- Definition of disability
- Public accommodations
- Landlord/tenant responsibilities
- Commercial facilities
- Alterations to exiting buildings
- New construction
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Financial Analysis of Income Properties Using
the HP 19B II
Course Number: 2.7
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course has been designed to teach the students
how to use the HP 19B II calculator to understand the mathematics of appraising
using the built-in menu functions to make calculations. Instructions on
the use of this calculator will set the foundation for understanding the
various calculations students will solve in the income-capitalization
courses.Students must pass the examination given at the end of the course
to receive a certificate of completion.
The content of this course includes:
- Basic mathematical calculations
- Time value of money
- Cash flow calculations
- Problem solver equations
- Basic statistics
- Storage and recall functions
- Calculating amortization schedules
- Calculating mortgages balances
- Calculating mortgage constants
- Calculating time intervals
- Using the HP infrared printer
- Calculating cash equivalency
- Understanding the solver menu
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Capitalization Rates, Discount Rates and
Ratios
Course Number: 2.9
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed as an introduction to, or
a review of, more intense courses of the income approach to value.It centers
on capitalization rates, discount rates and ratios-their composition,
application and function in valuation and marketing of investment properties.An
understanding of these rates and ratios is essential to appraisers, brokers
and lenders involved in this area of real estate.The workbook provides
patterned formulas and procedures for easy future use. Testing will be
optional.
The content of this course includes:
- Review definitions and steps of the income approach
- Capitalization rate formulas
- Capitalization rate development
- Capitalization rates, discount rates: derivation and use NIM, GIM
- Debt-coverage ratio
- Mortgage-equity rate
- Mortgage-equity program for HP 12C
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Valuation of Landscape Improvements, Timberland
& Orchards
Course Number: 3.0
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach the students how
to estimate the value of individual trees and shrubs as well as the value
of commercial timberland.Students must pass the examination given at the
end of the course to receive a certificate of completion.
The content of this course includes:
- Tree biology
- Valuating landscaping
- Determining shade-tree value
- IRS/insurance claims
- Tree identification
- Measuring board feet
- Timberland approaches to value
- Valuating fruit and nut trees
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Principles of Farm, Ranch & Rural Appraising
Course Number: 3.1
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This is an introductory course with emphasis on the
principles of real estate appraising, the appraisal process, appraisal
terminology, the role of highest and best use in appraising and the three
approaches to value as applied in the agricultural setting. The basic
assumptions of the perpetual income capitalization method will be discussed
in detail and considered in light of the existing situation in agriculture.This
course is designed to make students aware of the roles appraisal theory,
standards of practice and appraisal techniques play in the estimate of
value.There will be assigned considerable homework problems to demonstrate
practical solutions to common appraisal problems in each approach to value.Students
must pass the examination given at the end of the course to receive a
certificate of completion.
The content of this course includes:
- Principles of farm, ranch & rural appraising
- The appraisal process
- Depreciation
- The cost approach
- The sales-comparison approach
- The income approach
- Reconciliation of values
- Basic appraisal case studies
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:30 hours
Course Fee:: $528
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Advanced Farm, Ranch & Rural Appraising
Course Number: 3.2
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to reinforce and expand upon
3.1 Principles of Farm, Ranch & Rural Appraising, and a significant
portion of the course is designed to ensure that the students understand
the principles, procedures and techniques of appraising.The three approaches
to estimating value will be reviewed in detail along with the consideration
of the role of highest and best use in the appraisal process.Appraising
of specialized agribusiness properties will be reviewed. Partial interests
will also be covered in this course.Mortgage-equity "price"
methods and income value methods of appraising as applied to agricultural
appraising will be considered.Case studies of a general nature such as
site valuation as well as specialized agribusiness case studies will be
presented as time permits.The NAIFA agricultural member examination will
be given at the end of the course.Students must pass this examination
to receive a certificate completion.
The content of this course includes:
- Review of introductory agricultural course
- Statistical tools, analysis and applications in farm appraising
- Financial functions, tables, calculators and discounting
- Capitalization of non-perpetual income
- Rate development and capitalization
- Valuation of partial interests
- Mortgage-equity "pricing" and income value appraising
- Case studies
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Farm, Ranch & Rural Appraising-
or its equivalent
Course Length:30 hours
Course Fee:: $496
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Marshall & Swift Valuation Guides
Course Number: 4.0
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach the students how
to use the Marshall & Swift Residential Cost Manual and the Marshall
& Swift Commercial Valuation Guide.The class will work several case
studies to learn how to apply the cost service.Students must pass the
examination given at the end of the course to receive a certificate of
completion.
The content of this course includes:
- Introduction to Marshall & Swift
- Square-foot method
- Segregated-cost method
- Yard costs
- Depreciation
- Local multipliers
- Construction classifications
- Calculator method
- Comparative replacement-cost multipliers
- Insurable values
- Fire exclusions
- Depreciated tables
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Marshall & Swift Residential Cost Approach
Review
Course Number: 4.0A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed as a review to emphasize
the cost problem.Students will work a square foot problem and reach a
cost value conclusion.Testing will be optional.
The content of this course includes:
- Square foot cost methods
- Segregated cost methods
- Building types & quality levels
- Depreciation
- Residential cost problems
Target Audience:Real estate professionals
Attendance Restrictions: Marshall & Swift Residential Cost Manual-
or its equivalent
Course Length:4 hours
Course Fee:: $115
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Marshall & Swift Residential Cost Manual
Course Number: 4.1
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach the students how
to use the Marshall & Swift Residential Cost Manual.The class will
work several case studies to learn how to apply this service.Testing will
be optional.
The content of this course includes:
- Residential cost manual overview
- Cost methods overview
- Building type nomenclature
- Quality selection
- Square-foot method overview
- Case-study example
- Interpolation
- Current/location cost multipliers
- Depreciation overview
- Segregated-cost overview
- Use of segregated cost
- Segregated-cost examples
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Marshall & Swift Commercial Valuation
Guide
Course Number: 4.2
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach the students how
to use the Marshall & Swift Commercial Valuation Guide.The class will
work several case studies to learn how to apply this service.Testing will
be optional.
The content of this course includes:
- Marshall & Swift Valuation Service
- Overview
- Cost method overview
- Occupancy types
- Construction classifications
- Quality classifications
- Calculator cost
- Segregated cost
- Unit-in-place supplemental costs
- Depreciation overview
- Fire & insurance exclusions
- Case studies
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Narrative Report Writing
Course Number: 4.3
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach students how to
write a narrative appraisal report.Students will write each section of
the report with instructor supervision; the more complicated sections
and how certain sections of the report relate to FIRREA will be emphasized
by the instructor.This program will also show real-estate agents and lenders
the importance of an acceptable report as well as the importance of the
salient facts, effort, time and proof that should be in an acceptable
report.Testing will be optional.
The content of this course includes:
- Parts of the narrative report
- Relation of the report to FIRREA
- Photos & maps for narrative report
- Three approaches to value
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Farm, Ranch & Rural Appraising-
or its equivalent
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: The New Uniform Residential Appraisal Report
(URAR)
Course Number: 4.5
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to teach students not only
the changes on the URAR form but also the Statements on Appraisal Standards
and the Advisory Opinions, G1 through G10, as set forth by The Appraisal
Foundation.When these letters are communicated and interpreted to appraisers,
concerning specific appraisal situations, the clarity of understanding
becomes obvious and the question less complex.Testing will be optional.The
contents of this course include an overview of URAR changes and a line-by-line
examination of URAR form.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:7 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Reviewing Residential Appraisals
Course Number: 4.6
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to attract more qualified
people to become review appraisers.It is especially designed to appeal
to bankers and other lenders to train in-house reviewers as well as lending
officers and bank examiners.This course is recommended to every appraiser
who wants to learn the latest information concerning review appraising.Testing
will be optional.
The content of this course includes:
- Definitions
- Demonstration of different review forms
- Importance of market abstraction
- Required addenda
- Lenders' point of view
- Case study
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Basic Residential HUD Appraisal Requirements
Course Number: 4.7
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to ensure proper training
and understanding to individuals who want to be on the HUD Lender Select
List for performing FHA appraisals.Students will learn about HUD standards
and how to conduct appraisals under the HUD 203K program and how to conduct
review appraisals under HUD.This is a course that every licensed appraiser
should attend; the knowledge from this course will create another opportunity
for future business.Testing will be optional.
The content of this course includes:
- Requirements of existing housing
- Completing the URAR
- New construction
- Condominiums
- Appraiser/review appraiser checklist
- HUD 203K mortgage program
- Manufactured housing
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:7 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Professional Standards of Practice
Course Number: 5.0
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to give the students a thorough
understanding of the Uniform Standards of Professional Appraisal Practice
as promulgated by The Appraisal Foundation and as required by Title XI
of the Financial Institutions Reform, Recovery and Enforcement Act of
1989 (FIRREA).A charter member of the Foundation, the NAIFA has also adopted
these standards.Students must pass the examination at the end of the course
to receive a certificate of completion.
The content of this course includes:
- Purpose and history of The Appraisal Foundation
- Introduction and background on the creation of the Uniform Standards
of Professional Appraisal Practice
- USPAP Preamble
- Competency provision
- Departure provision
- USPAP word definitions
- The appraisal process
- Standard I: real-estate appraisal
- Standard II: real-estate appraisal reporting
- Standard III: review appraisal
- Standard IV: real-estate analysis
- Standard V: real-estate analysis reporting
- Overview of Title XI
- Appraisal standards for federally related transactions
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Farm, Ranch & Rural Appraising-
or its equivalent
Course Length:15 hours
Course Fee:: $278
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Standards Review
Course Number: 5.0A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to review professional standards,
ethics and updates to the Uniform Standards of Professional Appraisal
Practice.Testing will be optional.
The content of this course includes:
- Review Standard I: real-estate appraisal
- Review Standard II: real-estate appraisal reporting
- Review Standard III: review appraisal
- Review IV: real-estate analysis
- Review V: real-estate analysis reporting
- Review appraisal process
Target Audience:Real estate professionals
Attendance Restrictions: Professional Standards of Practice-or its equivalent.
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Introduction to Historic Appraising
Course Number: 6.0
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed for appraisers, lenders,
real-estate agents and homeowners interested in historic buildings.The
course will discuss historic preservation, local preservation ordinances,
the National Register of Historic Places, the effects of preservation
tools on historic buildings' property values and how appraisers look at
historic property.Testing will be optional.
The content of this course includes:
- An overview of historic preservation
- The role of the State Historic
- Preservation Society
- Local historic-preservation ordinances
- Legal aspects
- The appraiser's view of historic buildings
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $343
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Land Use
Course Number: 8.2
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to make appraisers aware
of an extended opportunity from the valuation field.It will provide insight
to both private and governmental land-use control.Students will be given
an overview of land-use development and types of controls.A presentation
of specific state regulations regarding zoning, planning and relief shall
be given.The real-estate expert's role in the process shall be discussed
and demonstrated using actual examples of successful presentations.Testing
will be optional.
The content of this course includes:
- Introductory history of land-use controls in the United States
- Definitions
- Appraiser or land-use expert
- Applicable USPAP guidelines
- Constitutionality of land-use controls
- General exceptions to residential zones
- Non-conforming uses
- Wetlands and other environmental restrictions
- Preparing a land-use presentation
- Specific laws and land-use rights
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Is the Comparable Comparable?
Course Number: 8.3
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to enrich and deepen the
understanding of comparability, which is a cardinal factor in the valuation,
sale and mortgaging of real property.This course will increase professionalism
for agents, appraisers, lenders and all other interested real-estate practitioners.It
applies concepts and techniques to determine comparability.Case studies
are the raw material used in this course.Testing will be optional.The
content of this course includes definitions, the essence of comparability,
and case studies.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:8 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Concepts, Terminology, and Techniques: An
Overview of the Appraisal Process
Course Number: 9.0
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This is a special course designed to help real-estate
appraisers brush up on their basic skills in both residential and income-property
appraising.Students will also discuss the certified appraisers law and
how it affects them.Students may attend two days or four days of this
course, depending on their specific needs
The content of this course includes:
- Real-estate principles
- Concepts of value
- The appraisal process
- Cost, depreciation
- Sales approach, income approach
- Processing income
- Review of capitalization
- Six functions of a dollar
- income appraising problem solving
Target Audience:Real estate professionals
Attendance Restrictions: Principles of Residential Real Estate Appraising,
Market Data Analysis of Residential Real Estate Appraising, Introduction
to Income Property Appraising, Techniques of Income Property Appraising-
or their equivalent.
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Concepts, Terminology, and Techniques (Residential
Only)
Course Number: 9.0A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This is a special course designed to help real estate
appraisers brush up on their basic skills in residential appraising.Students
will also discuss the certified appraisers law and how it affects them.Students
may attend two days or four days of this course, depending on their specific
needs
The content of this course includes:
- Real-estate principles
- Concepts of value
- The appraisal process
- Cost, depreciation
- Sales approach, income approach
- Processing income
- Review of capitalization
- Six functions of a dollar
- income appraising problem solving
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Concepts, Techniques, and Terminology (Income
Only)
Course Number: 9.0B
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This is a special course designed to help real estate
appraisers brush up on their basic skills in income-property appraising.Students
will also discuss the certified appraisers law and how it affects them.Students
may attend two days or four days of this course, depending on their specific
needs
The content of this course includes:
- Real-estate principles
- Concepts of value
- The appraisal process
- Cost, depreciation
- Sales approach, income approach
- Processing income
- Review of capitalization
- Six functions of a dollar
- income appraising problem solving
Target Audience:Real estate professionals
Attendance Restrictions: Successful completion of 9.0A
Course Length:15 hours
Course Fee:: $258
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Capitalization Theory and Techniques: Using
the ROADMAP SYSTEM
Course Number: 9.1
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed to help students understand
the complexities in the valuation of income-producing properties.The ROADMAP
SYSTEM was developed to provide users with a visual display of the facts
and the path to follow to solve the valuation question.Students must pass
the examination at the end of the course to receive a certificate of completion.
The content of this course includes:
- Processing income
- Six functions of a dollar
- Payments in advance
- Amortization schedule
- Cash equivalency calculations
- Cash flow programs
- Rate development
- Residual techniques
- Leased valuation
- Mortgage equity
Target Audience:Real estate professionals
Attendance Restrictions: Financial Analysis of Income Properties-or its
equivalent.
Course Length:15 hours
Course Fee:: $298
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Principles and Practices of Environmental
Risk Screening
Course Number: 10.1
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course, co-sponsored by the National Association
of Environmental Risk Auditors, is structured to help appraisers, lenders,
attorneys, real-estate brokers, lenders, attorneys, real-estate brokers
and other professionals identify those properties with a high probability
of having environmental problems.The course is a three-day study on the
environmental hazards relating to real estate and on how to identify those
hazards.Students will learn how to report those hazards properly and how
to write the screen report.This course is conducted by instructors who
are nationally recognized authorities in the areas of environmental analysis,
appraisal, site inspection, environmental science, and mortgage underwriting.The
course includes an examination that covers both the course materials and
the lectures.Students may earn from the NAERA designations in the area
of environmental risk screening and environmental risk assessments.
The content of this course includes:
- Introduction to environmental screening
- Recognition of the environmental risk in real-estate
- The local, state and governmental agencies
- An overview of the regulations that affect property transfer
- How to identify the apparent hazards and the dangers of the following:
- Asbestos
- Radon
- Lead paint
- Water pollutants
- Polychlorinated biphenyls (PCBs)
- Underground storage tanks (USTs)
- Urea formaldehyde foam insulation
- Ground water contamination
- Hazardous waste disposal
- Analysis of findings
- Report writing
- Standards of practice
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:22 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Appraising Environmentally Impacted Properties
Course Number: 10.2
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course, co-sponsored by the National Association
of Environmental Risk Auditors, has been designed to teach students how
to complete an appraisal or consultation assignment on properties that
have been environmentally impacted, how to discuss environmentally related
issues with appraisers and other related professionals and how to estimate
the value of an environmentally impacted property.Credit for this course
may be used for all NAERA designations.
The content of this course covers:
- Environmental laws and regulations: Advisory Opinion #9, OT (89),
Fannie Mae (90), OCC (92), FDIC (93)
- Appraisal inspections
- Hazards to consider
- Introduction to methods of hazard controls
- Introduction to remediation process of soil and water
- Appraisal principles applied to environmentally impacted property
- Bundle of rights
- Highest and best use
- Principle of substitution
- Costs to cure/correct
- Loss of rental income (all or partial)
- Financing: reduction in loan-to-value ratio
- Increased cost of funds, increased equity position
- Overall extraction rate
- Market reaction: stigma (real or perceived), contamination
- Data analysis: applied techniques
- Case studies
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:15 hours
Course Fee:: To be determined
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Calculating Gross Living Area Using ANSI
Standards
Course Number: 11.8
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course describes the procedures for measuring
the total square footage of detached single-family homes and multi-family
gross building areas.The methods employed will standardize the calculation
process and enable the users of this information to obtain accurate and
reproducible measurements for the total gross living area (GLA) of residential
properties.The student will learn how to treat the finished areas above
and below grade, finished living areas above the garage, and the unfinished
areas within the structure.This standard will allow individuals and organizations
to agree and cooperate in communicating these square footage quantities
to users of this information.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:7 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Calculating Gross Living Area Using ANSI
Standards
Course Number: 11.8A
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course describes the procedures for measuring
the total square footage of detached single-family homes and multi-family
gross building areas.The methods employed will standardize the calculation
process and enable the users of this information to obtain accurate and
reproducible measurements for the total gross living area (GLA) of residential
properties.The student will learn how to treat the finished areas above
and below grade, finished living areas above the garage, and the unfinished
areas within the structure.This standard will allow individuals and organizations
to agree and cooperate in communicating these square footage quantities
to users of this information.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Professional Appraiser's Liability Prevention
Course Number: 99.6C
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course has been designed to teach the students
how to prove adjustments by market abstraction, by calculating depreciation
and by completing the URAR Single Family Report.The course is designed
around classroom problems and a working manual.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:7 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Blue Print Reading for Appraisers
Course Number: 99.7
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: This course is designed as to familiarize the appraiser
with working blueprints, including; electrical, plumbing, HVAC, construction
and material symbols.The student will become familiar with various views
including landscaping, roof and foundation, window and door schedules,
kitchen and bath layouts.
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:7 hours
Course Fee:: $139
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
Course Title: Expert Witness in Court
Course Number: 99.8
Sponsoring Organization: National Association of Independent Fee Appraisers
Course Description: The content of this course includes:
- The fundamentals of being a good witness.
- The three kinds of witnesses
- Types of Examination
- Direct Examination of expert witness: Fact, Opinion
- Direct examination techniques: Who, What, When, Where
- Types of questions
- Specific questions/narrative questions
- Cross examination: understanding leading questions, information fed
to witnesses
- Impeach or discredit witness
- Bias, interest, prejudice, the lack of ability to perceive
- Rules of the expert witness: tell the truth, listen, make sure you
understand the question, take your time, answer the specific questions
asked, do not volunteer more than what is asked, and don't guess
- Our Jury system: Good judges, Fair minded jurors
- Competent Attorneys, Willing and honest witnesses
Target Audience:Real estate professionals
Attendance Restrictions: None
Course Length:4 hours
Course Fee:: $100
Contact Information: Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Voice: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com
Keywords: Appraisal, valuation
US Army Corps of Engineers
Course Title: Real Estate Appraisal in Leasing
Course Number: 102
Sponsoring Organization: U.S. Army Corps of Engineers
Course Description: Includes lectures, class discussions, practice exercises,
a field trip, and testing. The following topics will be addressed: what
is an appraisal, how is it used, and who uses it?; terminology, definitions,
and structure of the appraisal report; three approaches to value, sales
comparison, cost, and income; use of grids, spreadsheets, formulas, and
reconciliation of approaches; completion of appraisal for military in-lease
appraisals ($24,000 or less); review of the Uniform Standards of Professional
Appraisal Practice (USPAP); leasehold authorities, regulations, and leasing
procedures; leasehold estates and forms, including mandatory and optional
clauses; preparing and using acquisition reports, environmental baseline
studies, economic analyses, standard lease acquisition packages, and planning
reports; lease negotiations; and lease administration. (CEUs: 3.0)
Target Audience:Appraisers and realty specialists
Attendance Restrictions: Nominees must be assigned Occupational Series
0905, 1101, 1170, or 1171, or other related series; Grade GS-05 or above;
and primarily assigned to real estate functions.
Course Length:36 hours 49RAL01A
Course Fee:: $1,200
Contact Information: Attention: CEHR-P-R9
PO Box 1600
Huntsville, AL 35807-4301
Phone:(256) 895-7421
Fax:(256) 895-7469
Website: www.pdsc.usace.army.mil
Keywords: Appraisal, valuation
US Forest Service
Course Title: Valuation and Landownership Adjustment
Course Number: PRLS 645
Sponsoring Organization: U.S. Forest Service (USDA at George Mason University)
Course Description: This course covers landownership authority, coordination,
and adjustment processes; land valuation and rules; and processes of appraisal,
title, exchange, purchase, donation, transfer, sale, and condemnation
of properties. (5 credits)
Target Audience:Administrators, Mid-Level professionals
Attendance Restrictions: Government experience recommended
Course Length:The length of time to complete the course depends on course
content and experience of the learner.Students have 6 months from receipt
of course materials to complete the course (there are extension possibilities
for an additional cost).
Course Fee:: $660
Contact Information: Distance Learning Program
George Mason University
10900 University Boulevard, Room 312
Manassas, VA 20110
Phone:(703) 993-8301
Fax:(703) 993-8300
Website: http://dlp.gmu.edu
Keywords: Appraisal, valuation
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