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Real Estate Training Needs Analysis

Chapter 3 - Appraisal / Valuation Courses

Analysis Table of Contents | Acknowledgments | Letter from the Directors | Chapter 1 | Chapter 2 | Chapter 3 | Appendix

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Farm Credit Administration

Course Title: Fundamentals of Appraisal Review (FAR)

Course Number: N/A

Sponsoring Organization: Farm Credit Administration

Course Description: FAR is designed as a 3-day course for financial institution examiners, with instructional modules for real estate appraisal fundamentals, appraisal review techniques, regulatory compliance with FIRREA, special appraisal issues, and chattel appraisal review. The course relates to the principles of preparing the data collection and analysis necessary to render a value opinion; it also relates to the issues and principles involved in examining the overall appraisal process and individual appraisal reports. Although the course will provide participants with a basic understanding of appraisal principles, it is not intended as an appraisal-training seminar. The overall purpose is to increase an examiner's proficiency in the identification of inadequate appraisal processes and incomplete or inaccurate appraisals.

Target Audience: Federal or State bank examiners

Attendance Restrictions: None

Course Length: 3 days

Course Fee: $150/day per participant plus all travel and associated expenses for course instructors

Contact Information:
Harold Derrick, Chief Appraisal Specialist
Thomas Glenn, Examiner Training Coordinator
Farm Credit Administration
1501 Farm Credit Drive
McLean, VA 22102-5090
Phone: (703) 883-4482
Fax: (703) 893-2978
E-mail: derrickh@fca.gov
glennt@fca.gov
Website: www.fca.gov

Keywords: Appraisal, valuation

 

National Association of Independent Fee Appraisers

Course Title: Construction & Development of Residential Real Estate Appraising
TC "Construction & Development of Residential Real Estate Appraising"

Course Number: 1.3

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to review the different types of heating systems, air distribution systems and how air is circulated. Testing will be optional.

Course contents include:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Basic Construction Terminology

Course Number: 1.3A

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed as a review of construction terms from the footing to the roof and a review of their different qualities. Testing will be optional. The contents of this course include the component parts in construction of a house and zoning & terms used in developing a subdivision.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Mobile / Manufactured Home Review

Course Number: 1.3B

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed around the development of mobile homes. The use of the URAR form and the Marshall & Swift Cost Manual will be reviewed. Testing will be optional. Course content includes development of mobile/manufactured homes and the history of mobile/manufactured homes.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Heating and Air Conditioning Review

Course Number: 1.3C

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course has been designed to teach the students the basics of residential construction, techniques of appraising manufactured housing and subdivisions and how to use the Marshall & Swift Residential Cost Manual. Students must pass the examination given at the end of the course to receive a certificate of completion.

Course content includes:

Target Audience: Real estate professionals

Attendance Restrictions: None

Course Length: 30 hours

Course Fee: $130

Contact Information:
Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Report Writing-Residential Real Estate Appraising

Course Number: 1.4A

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course teaches the student skills necessary to complete form reports, such as URAR, condominium and two-four family. Student's time will be spent discussing each line item and how to fill out a form report with various examples of proper appraisal techniques. Students will be introduced to narrative reporting procedures as they apply to residential properties.

Target Audience: Real estate professionals

Attendance Restrictions: Principles of Residential Real Estate Appraising

Course Length: 15 hours

Course Fee: $273

Contact Information:
Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Relocation Report Writing

Course Number: 4.4

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to make appraisers aware of relocation companies' rationale and objectives. Students will be taught the proper way to complete the E-R-C Appraisal Report Form. The program will show the students how to use the addenda, how to adjust properly for time on the market and what repair costs should be addressed to assist in the salability of the subject property. Students must pass the test given at the end of the course to receive a certificate of completion.

The content of this course includes:

Target Audience: Real estate professionals

Attendance Restrictions: 1.1 Principles of Residential Real Estate Appraising

Course Length: 15 hours

Course Fee: To be determined

Contact Information:
Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Relocation Report Writing

Course Number: 4.4A

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to teach the student what ERC does and why companies relocate employees. It also teaches how the process works and how to attract/retain relocation work. Students will discuss the history of the forms and have a general discussion of the current forms along with transferee participation in the process, submission of sales/listing data, and value appeal.

Target Audience: Real estate professionals

Attendance Restrictions: Basic knowledge of residential real estate appraising helpful.

Course Length: 4 hours

Course Fee: To be determined

Contact Information:
Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Preparing Your Listing for FHA Financing

Course Number: 4.7B

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course covers the following areas:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Bridging the Gap between Lenders and Appraisers

Course Number: 4.7C

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This Material is intended to bridge the gap between lenders and appraisers in regards to who is responsible for what in regards to the Comprehensive Valuation Package (CVP). The CVP consists of three parts, the first part being the Uniform Residential Appraisal Report (URAR), the limiting Conditions and Appraisers Certifications. The second part contains the Valuation Conditions (VC) and the third part is the Homebuyers Summary Form, which is altogether a new part of the FHA Appraisal package or the CVP. The importance of this material is to bring to light these new responsibilities that are primarily outlined in the new 4150.2 HUD manual.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: HUD 203K Program: Mortgage & Appraisal Procedures

Course Number: 4.8

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to provide appraisers, mortgage lenders, underwriters, brokers, Realtors and other real estate professionals, as well as the individual consumer, with an overview of the HUD 203K program. It will enable the student to have a clear understanding of the process involved and the importance of providing the mortgagee with an appraisal that will meet all of the HUD guidelines. Each student will understand the mortgages responsibilities and procedures with regard to making an application for this loan program offered by HUD. Each appraiser will be provided the knowledge necessary to respond effectively to a lender when asked to perform a 203K appraisal. This course is designed to provide a better working relationship between all parties involved in a loan transaction for the 203K program. Testing is optional.

The content of this course includes:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: HUD Review Requirements

Course Number: 4.9

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course has been designed to ensure proper training and understanding of the HUD Review Process for BOTH the appraiser and the lender who gets reviewed by HUD. It has also been designed for the individual who wants to become a HUD reviewer. This course will enable the appraiser to provide an FHA appraisal to the lender that will meet all HUD concerns. It will discuss common deficiencies found in HUD appraisals and what NOT to do. Students will be provided the knowledge necessary to respond effectively to a HUD review and will be given a clearer understanding of the HUD - 1038V review form. This course will also offer each student the opportunity to understand all of the HUD Review Ratings via actual case studies for each one of these ratings. The course is designed to help both the appraiser and the lender to perform their jobs more effectively, and will make for a better working relationship between the appraiser, the lender and HUD. Testing is optional.

The content of this course includes:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Limited Scope Appraisals and USPAP

Course Number: 5.0B

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to update appraisers on the revisions made to USPAP by the Appraisal Standards Board of the Appraisal Foundation. Topics to be discussed include: limited scope appraisals, evaluations, drive-by appraisals, summary appraisal reports, restricted appraisal reports and letters of opinion of value.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Alternative Appraisal Report Forms For Limited Appraisal Assignments

Course Number: 5.0C

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to familiarize the practicing appraiser with the new FNMA Forms 2055 and 2065 and to review the Uniform Standards of Professional Appraisal Practice that apply to limited appraisal assignments. This course also covers a brief review of the appraisal profession, use of standardized report forms and the appraisal process. Proof of Attendance: You will receive a certificate of attendance for this course when you attend in full. In case of an emergency, students may make up missed hours at another location to receive the certificate of attendance.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Institutional Regulation of Real Estate Appraisal

Course Number: 5.1

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to teach lenders how to cope with the complex appraisal regulations that resulted from Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The program covers the regulations imposed by the financial institutions regulatory agencies. The Target Audience for this program includes underwriters, commercial lending officers, auditors, reviewers and bank management; however, appraisers will also find this program beneficial. The material presented will assist in the preparation of appraisal policies, engagement letters and quality control systems. Fee appraisers will gain a better understanding of the regulations placed on the institutions and will find it easier to comply with the lender's requests after attending this presentation. Sample appraisal request letters and forms are included in the program materials. Testing will be optional.

The content of this course includes:

Target Audience: Real estate professionals

Attendance Restrictions: None

Course Length: 5 hours

Course Fee: Tuition depends on location and other amenities. In-house group rates are available.

Contact Information:
Dana Vence
Education Assistant
7501 Murdoch Avenue
St. Louis, Missouri, 63119
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Fair Lending Requirements: Effect on Real Estate Appraisal and Report Writing--192

Course Number: 5.2

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed to provide students with a general understanding of fair lending practices as outlined in federal legislation covering the Fair Housing acts, Home Mortgage Disclosure Act, Community Reinvestment Act and the Equal Credit Opportunity Act. The course will emphasize the role of the real-estate appraiser as an affiliated party within the lending institution as well as the appraiser's obligations to develop accurate and factual data of both the subject and the neighborhood and to present this data in an objective manner. The course also identifies the requirements of the Uniform Standards of Professional Appraisal Practice as they relate to accurate and factual reporting of collected data with bias or discrimination.

The content of this course includes:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Liability Risk Management for Real Estate Appraisers

Course Number: 6.1

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This program has been designed to teach appraisers about every aspect of appraiser litigation from the initial notification through the discovery period, trial and settlement. The program will identify the most common reasons appraisers get sued and the most successful defenses that can be raised. Loss-prevention techniques will be emphasized to help minimize liability exposure. Testing will be optional.

The content of this includes:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Marketing the Appraiser

Course Number: 6.2

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course has been designed to help appraisers learn how to market themselves successfully. Suggestions, alternatives and ideas for building and keeping a business base will be presented. Testing will be optional.

The contents of this course include:

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Internet for Appraisers

Course Number: 8.0

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed for students with no prior experience with the Internet, as well as those who have some experience and measurable skill level to learn how the Internet can be utilized in their daily appraisal practice. The course material contains technical tips, online resources and a comprehensive dictionary on Internet terms.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

 

Course Title: Hands-On Internet and the Appraisal Practice

Course Number: 8.1

Sponsoring Organization: National Association of Independent Fee Appraisers

Course Description: This course is designed for students with no prior experience with the Internet, as well as those who have some experience and measurable skill level to learn how the Internet can be utilized in their daily appraisal practice. The course material contains technical tips, online resources, and a comprehensive dictionary on Internet terms. The textbook, How To Use The Internet, is included in the tuition.

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
Phone: 314-781-6688
Fax: 314-781-2872
E-mail: Register@naifa.com
Website: www.naifa.com

Keywords: Appraisal, valuation

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Analysis Table of Contents | Acknowledgments | Letter from the Directors | Chapter 1 | Chapter 2 | Chapter 3 | Appendix

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