Inconsistency: It's Hiding in Plain Sight in Your Residential Appraisal --- Non-lender examples—Next level analysis
More Info Register
- Date
- May 23, 2024
- Sponsor
- Chicago Chapter
- NorthWest Illinois Alliance of REALTORS®, 1161 Tebala Blvd. Location
- Rockford, IL
- Instructor
- Maureen B. Sweeney, SRA, AI-RRS
- Class Time
- 7
- Full Price
- $225.00
- AI Price
- $200.00
Enroll by May 23!
View Pricing Options
Course Description
Sometimes inconsistency in data, analysis, and reporting escapes even the most seasoned appraiser. This can have a major impact on the credibility of the value opinion in the appraisal report and on your credibility as an appraiser. This seminar focuses on significant inconsistencies that can affect categories like the definition of market value, market analysis and highest and best use, the three approaches, functional and external obsolescence, and reconciliation. Broad
discussions about the entire appraisal process, topics you may not have given much thought about recently, will be lively, intense, and eye-opening. Every residential appraiser will find this seminar beneficial. If you are a residential appraiser who wants to expand your practice to non-lender work or you are already doing non-lender work, this seminar will take your analytical abilities to the next level!
discussions about the entire appraisal process, topics you may not have given much thought about recently, will be lively, intense, and eye-opening. Every residential appraiser will find this seminar beneficial. If you are a residential appraiser who wants to expand your practice to non-lender work or you are already doing non-lender work, this seminar will take your analytical abilities to the next level!
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Who Should Enroll
AI CE Points
Attend:
35
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 7 | 7 | Classroom | Classroom | 09/21/2022 | 09/09/2025 | 18987 | |
| AL | CE | 7 | 7 | Classroom | Classroom | 02/02/2023 | 09/30/2024 | CO2818 | |
| AR | CE | 7 | 7 | Classroom | Classroom | 11/03/2022 | 11/03/2024 | ||
| AZ | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| CA | CE | 7 | 7 | Classroom | Classroom | 10/19/2022 | 10/18/2026 | 22CP754601519 | |
| CO | CE | 7 | 7 | Classroom | Classroom | 01/20/2023 | 09/09/2025 | 2340 | |
| CT | CE | 7 | 7 | Classroom | Classroom | 10/12/2022 | 09/09/2025 | AAL.000989 | |
| DC | CE | 7 | 7 | Classroom | Classroom | 02/29/2024 | 02/28/2026 | ||
| DE | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| FL | CE | 7 | 7 | Classroom | Classroom | 12/01/2022 | 11/21/2024 | 0010505 | |
| GA | CE | 7 | 7 | Classroom | Classroom | 09/26/2022 | 09/09/2025 | 75548 | |
| HI | CE | 7 | 7 | Classroom | Classroom | 11/07/2023 | 12/31/2024 | 23-489 | |
| IA | CE | 7 | 7 | Classroom | Classroom | 09/26/2022 | 09/09/2025 | A518-1250 | |
| ID | CE | 7 | 7 | Classroom | Classroom | 09/23/2022 | 09/09/2025 | ||
| IL | CE | 7 | 7 | Classroom | Classroom | 10/06/2022 | 12/31/2024 | 575.010608 | |
| IN | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| KS | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 386.C24.N | |
| KY | CE | 7 | 7 | Classroom | Classroom | 07/01/2023 | 06/30/2024 | ||
| LA | CE | 7 | 7 | Classroom | Classroom | 10/11/2022 | 09/09/2025 | ||
| MA | CE | 7 | 7 | Classroom | Classroom | 02/16/2023 | 09/09/2025 | 120145 | |
| MD | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| ME | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| MI | CE | 7 | 7 | Classroom | Classroom | 11/14/2022 | 09/09/2025 | 3529 | |
| MI | CE | 7 | 7 | Classroom | Classroom | 10/18/2022 | 10/18/2025 | 2376 | |
| MN | CE | 7 | 7 | Classroom | Classroom | 09/28/2022 | 09/30/2024 | 1034220 | |
| MO | CE | 7 | 7 | Classroom | Classroom | 10/19/2022 | 09/09/2025 | ||
| MS | CE | 7 | 7 | Classroom | Classroom | 10/27/2022 | 10/27/2024 | MAB #50440 | |
| MT | CE | 7 | 7 | Classroom | Classroom | 10/19/2022 | 09/09/2025 | REA-CEC-REC-15802 | |
| NC | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 4521 | |
| ND | CE | 7 | 7 | Classroom | Classroom | 10/13/2022 | 09/09/2025 | CE-222076 | |
| NE | CE | 7 | 7 | Classroom | Classroom | 10/17/2022 | 10/17/2027 | 222140K.02 | |
| NH | CE | 7 | 7 | Classroom | Classroom | 12/15/2022 | 09/09/2025 | ||
| NJ | CE | 7 | 7 | Classroom | Classroom | 09/21/2022 | 09/09/2025 | 2022-3469 | |
| NM | CE | 7 | 7 | Classroom | Classroom | 08/04/2023 | 09/09/2025 | 4303 | |
| NV | CE | 7 | 7 | Classroom | Classroom | 11/01/2023 | 10/31/2024 | CE.0009612-A | |
| NY | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A5545-07 | |
| OH | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084403910A 22 | |
| OK | CE | 7 | 7 | Classroom | Classroom | 10/13/2022 | 09/09/2025 | 824 | |
| OR | CE | 7 | 7 | Classroom | Classroom | 09/19/2022 | 09/09/2025 | APIN-C-0922-8944 | |
| PA | CE | 7 | 7 | Classroom | Classroom | 09/29/2022 | 09/09/2025 | ||
| PR | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| RI | CE | 7 | 7 | Classroom | Classroom | 09/21/2022 | 09/09/2025 | REA.0001925-CE | |
| SC | CE | 7 | 7 | Classroom | Classroom | 09/21/2022 | 08/31/2024 | CE2057 | |
| SD | CE | 7 | 7 | Classroom | Classroom | 09/19/2022 | 09/19/2025 | SD 1557 CE | |
| TN | CE | 7 | 7 | Classroom | Classroom | 10/06/2022 | 10/31/2024 | 2629 | |
| TX | CE | 7 | 7 | Classroom | Classroom | 10/06/2022 | 09/09/2024 | TX Provider #: 10 Course #:44562 | |
| UT | CE | 7 | 7 | Classroom | Classroom | 10/06/2022 | 10/31/2024 | AC221004 | |
| VA | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| VT | CE | 7 | 7 | Classroom | Classroom | 12/05/2022 | 12/05/2026 | CA-158769 | |
| WA | CE | 7 | 7 | Classroom | Classroom | 09/23/2022 | 09/09/2025 | A22025866 | |
| WI | CE | 7 | 7 | Classroom | Classroom | 09/09/2022 | 09/09/2025 | 82865 | |
| WV | CE | 7 | 7 | Classroom | Classroom | 02/02/2024 | 09/09/2025 | ||
| WY | CE | 7 | 7 | Classroom | Classroom | 02/13/2023 | 09/09/2025 | 2020 |
Course Objectives
- Recognize inconsistencies with the definition of market value and the need to stay consistent with the type of value opinion developed.
- Understand how market analysis supports the highest and best use decision, which drives the remainder of the appraisal process, and how to stay consistent with the highest and best use.
- Realize the need for consistency within and between the three approaches to value.
- Determine what constitutes functional and external obsolescence and how to maintain consistency with both in all three approaches.
- Complete a thorough, meaningful, and consistent reconciliation.
Course Details
Program Overview:
Table of Contents and Overview
Seminar Schedule
Equipment:
A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
Additional Information:
Seminar Materials include:
Seminar Handbook
Required and/or Recommended Equipment
A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
A financial calculator is required. The accepted model used in the program is the HP-12C. AI education programs that require a financial calculator are developed with HP-12C keystrokes; using this model is highly recommended.
Requirements:
None specified
Prerequisites
Course Materials & Recommended Books
- The Appraisal of Real Estate,15th ed. Chicago: Appraisal Institute, 2020.
- The Dictionary of Real Estate Appraisal, 7th ed. Chicago: Appraisal Institute, 2022.
- Residential Property Appraisal, Mark Ratterman
- Scope of Work, 3rd edition, Stephanie Coleman
- Risk Management for Real Estate Appraisers and Appraisal Firms, Peter Christensen
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 05/23/2024 |
$225.00 | $200.00 |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Hoosier State Chapter | June 17, 2024 | South Bend, IN | Classroom | View Details | Register |
Event Information
This class is at the Northwest Illinois Alliance of Realtors.
Check-in for this class begins at 8 am and the class will begin at 8:30. The class is scheduled to go until 4:30 pm.
Materials can be purchased ahead of time at registration. Printed materials will not be available onsite.