Plymouth, MI, 48170 Phone: (734)207-5050 AREAI@comcast.net
REAL ESTATE APPRAISING CONTINUING EDUCATION SEMINARS
ALL CLASSES APPROVED
BY STATE BOARD OF APPRAISERS
ALL MATERIALS PROVIDED
TUITION for 7 HOUR CLASSES (Except as Noted) is $125 and INCLUDES LUNCH
Required for All Level of Appraisers when Renewing License
#0004-01700901 NATIONAL USPAP UPDATE ($200 Tuition) 7 HOURS
All appraisers should constantly update and renew their knowledge of the legal requirements related to appraising. In an ever-changing industry, staying current and aware is necessary. Legal action is becoming more prevalent. APPRAISERS MUST TAKE THIS CLASS EVERY TWO YEARS.
#0004-01700900 MICHIGAN LAW ($60 Tuition) 2 HOURS
This seminar must be taken every FOUR YEARS. The topics to be covered are the state appraiser laws: Articles 1-6 of the Occupational Code, Article 26, and the administrative rule and regulations for appraisers.
All of the following Continuing Education Classes are 7 hours
#0004-0215 LENDING PRESSURE, FORECLOSURE, & IDENTITY THEFT NEW 2009
This course is designed to give appraisers the tools to understand the mortgage industry thereby helping them deal with the pressure they received from the industry. The first part of the seminar is an overview of the evolution and devolution of the mortgage lending industry, covering history, foundation of the industry, and where the industry is today. The second part of the seminar focuses on the specific trigger points in the lending process that create client pressure and how to deal with these trigger points. Examples of problems will be discussed. Discussion on some protection methods available to the appraiser and other suggestions from the participants will be covered. This seminar deals with the growing problem of report tampering. The handling of foreclosed sales in an appraisal report will also be covered.
#0004-0216 MORTGAGE FRAUD NEW 2008
One of the fastest growing white-collar crimes in the US is mortgage fraud. Industry insiders like appraisers are especially vulnerable to mortgage fraud. They may be involved in mortgage scams both knowingly and unknowingly. The appraiser has a responsibility to understand what mortgage fraud is, recognize and prevent involvement, and protect themselves and clients from becoming victims.
#0004-1194 WRITING DISCLOSURES
This class covers the appraisal process by identifying each section of an appraisal and developing narratives to fit the needs of the appraisal report; will also take into consideration the form reports. A review of the correct use of form reports, the need to maintain the old form reports, and how to utilize them correctly. A discussion covering the USPAP requirements in each section of the report will occur. Workfile requirements and maintenance will be covered.
#0004-1028 SCOPE OF WORK
With the change is USPAP for 2006, more detail on handling the Scope of Work needs to be discussed. Problem solving, credibility, problem identification, and disclosures are some of the things covered.
#0004-1195 REVIEW OF APPRAISAL PRINCIPLES, PROCEDURES, AND PROBLEMS
This course will review appraisal terminology, principles, procedures, and problems. This course is an excellent class for reviewing for the state licensed or certified residential test. All categories covered on the test will be reviewed in class. Multiple choice questions will be reviewed. BRING A CALCULATOR TO CLASS PREFERABLY AN HP-12C.
#0004-1067 CONDOMINIUM APPRAISING
Different forms are available and may be used when appraising individual condominiums. The correct form to be utilized for the assignment, the gathering of the necessary data, understanding the budget and the master deed, and analyzing the data will be discussed. BRING A CALCULATOR TO CLASS.
#0004-1065 CURRENT AVAILABLE FORMS IN THE MARKETPLACE
The number of available forms for the appraiser to use has been increasing steadily. Each report serves a specific usage. Filling out these form reports to meet the needs of the client, state law, and USPAP is a challenge. This seminar will cover these forms. A discussion of each of the forms, their proper use, and the participants input is the crux of this seminar.
#0004-0213 NARRATIVE REPORT WRITING
Writing narrative reports is an important part of an appraisal practice. Forms are frequently inadequate for reporting all the information necessary particularly when determining if the property is at the end of its economic life, its highest and best use, or a taking is involved. Details for putting together a narrative report will be covered. Discussion and sample material will be developed during the seminar. Minimum reporting requirements in Michigan and necessary items for the workfile to support the conclusions will be discussed.
#0004-1064 REVIEW APPRAISER’S PROCEDURES
Become familiar with review procedures. This seminar will help train you to do reviews utilizing review forms, to better understand how a reviewer analyzes your reports, and to develop a quality control program in your company. Understand what is required for the workfile.
#0004-1038 APPRAISING THE TOUGH ONES
This seminar provides some creative ways to value complex residential properties; also how to handle complex properties on the URAR form when conventional methods are not appropriate. Appraisers are often asked to appraise properties utilizing a form when a narrative would be more appropriate. Discussion of stigmatized properties, historic homes, non-conforming uses, model homes, unique architectural design, retrospective values of destroyed properties for insurance and IRS purposes, and other complex situations complete this class.
#0004-0214 RELOCATION APPRAISING
This seminar will take you through the ERC six page form, and explain procedures for adjusting for market change, forecasting, marketing time, and environmental considerations. An explanation of how to look at the home from the buyer’s perspective will be included.
#0004-1060 COST ANALYSIS
This seminar is designed to demonstrate how important the cost approach is in an appraisal report reviewing the different cost methods and the application of these methods. The commonly used forms of depreciation and how to determine which method is applicable will be covered. Methods for measuring the differences between actual age and effective age, and the measurement of economic life are important considerations in this approach. PLEASE BRING A CALCULATOR.
#0004-1033 HIGHEST AND BEST USE ANALYSIS
An examination of the purpose of the highest and best use and the issues relating to the analysis are the highlights of this seminar. The importance of the highest and best use analysis to all appraisal assignments, including single family residential, feasibility studies, market studies, and land-use utilization studies. Non-conforming, special purpose uses, and excess land will be discussed.
#0004-0223 FHA APPRAISING IN THE CURRENT MARKET
FHA requirements are continuously changing. This class will review current requirements including inspection requirements for FHA & VA appraisals. You will receive the current HUD's 4150.2 and book on CD.
#0004-1062 LAND VALUATION
Review the correct methods of appraising land with a case studies and/or examples. This class is a presentation for a narrative land report. Both vacant land and vacant sites are covered.
#0004-1061 HP-12C CALCULATOR APPRAISAL APPLICATIONS
This class covers the use of HP-12C and appraisal applications. If another financial calculator is utilized the applications can still be applied in this class. The newest HP-12C is called the HP-12C Platinum.
#0004-1070 ROUND TABLE DISCUSSION 7 HOURS CREDIT
Bring your problems to class. Discuss them with other appraisers.