Learn how appraisal work fits into financial institutions’ regulatory scheme and what happens to an appraisal once it leaves the appraiser’s hands. Become familiar with the current regulatory environment within which financial institutions are currently working and find out how to effectively review commercial appraisal reports using guidelines. Learn to understand the elements of an assignment necessary to order an appraisal and how an appraisal is used in the underwriting process while you consider the strengths and shortcomings of the three approaches to value. Discuss current changes in the financial industry and obtain a thorough and complete foundation for accurate procedures and a means of becoming current with the latest terminology, the changing regulations, and the approaches to value.

At the end of this seminar participants should be able to:

• Define a federally related transaction and recognize the regulatory environment within which financial institutions are currently working
  
• Identify the regulations that govern real estate appraisals prepared for financial institutions
  
• Recognize current issues in appraisal regulatory compliance
  
• Recognize Uniform Standards of Professional Appraisal Practice (USPAP) rules and standards that impact federally related transactions
  
• Determine options relative to scope of work and recognize how to establish an assignment and identify a client’s needs
  
• Recognize the usefulness and the rationale of the sales comparison approach for most residential and some commercial appraisal assignments
  
• Recognize the strengths and weaknesses of the sale comparison approach and when a value conclusion is understandable and convincing
  
• Recognize the type of cost approach data important to bankers and the support needed to justify the cost estimate
  
• Recognize the type of income capitalization approach data important to bankers
  
• Recognize the differences between a well-organized, coherent income capitalization approach and a weak approach