Advanced Appraisal Review
Thursday, November 17th | 8:30am-4:30pm Central Time*
*With 1 Hour Lunch Break
**Registration closes at 7AM Central Time on 11/17/2022**
$155.95
Join us for a Live-Virtual offering of our brand new 7-Hour CE class, Critique – Anatomy of a Review, with Instructor Hal Humphreys.
Tuesday, October 4th | 8:30am-4:30pm Central Time
COURSE DESCRIPTION
This course offers an advanced guide to best practices in appraisal review. The goal is to provide real estate professionals with a consistent means of developing and communicating appraisal review assignments in accordance with USPAP. In addition, this course covers updates to USPAP and highlights any specific changes made in the preceding years. Students will complete practical exercises, review examples of review appraisals, and discuss the proper methods, as articulated by USPAP for the development and reporting of a review appraisal assignment. By the end of this class, participants will better understand how to review appraisal reports for USPAP compliance, have a working knowledge of Standards 3 and 4, and learn about all aspects of review appraisal best practices.
Course Approval Information
AL-#C02778
AR-Approved
AZ-Accepts
CA-2210501034
CO-#2213
FL-#0010438
GA-#74887
HI-Pending
ID-Approved
IL-#575.010598
IA-Accepts
IN-Pending
KS-387.C22.N
KY-Approved
LA-Approved
MD-Approved
MI-#2356
MN-1034168
MO – Approved
MS-#50418
MT-Accepts
NV-#CE.0009570-A
NJ-2022-215
NM-#4126
NY-A5503-07
NC-#4492
OH-Q04300706A 22
OK-709
OR-#APEL-C-0622-0035
PA-Approved (expires 8/23/2025)
SC-CE2037
TN-Pending
TX-#43932
UT-AC220613
VA-Approved
WA-A22014867
WI-4373
COURSE OBJECTIVES
– Explore USPAP with regard to reviewappraisal assignments
– Analyze best practices for appraisalreview
– Determine scope of work necessary forappraisal review assignments
– Unravel the differences/conflicts betweenScope of Work Rule and Assignment Conditions
– Uncover the difference between what “I”would do and what USPAP requires
– Find out why assignment conditions arenot necessarily required Scope of Work requirements
– Find the best methods to addressassignment conditions v. scope of work.
– Hit upon the highlights of the variousGSE assignment conditions and how they apply to scope of work
– Review a proper statement of scope ofwork
– Look at the three cardinal rules ofappraisal review
– Identify the fundamentals of scope ofwork development
– Review the Top Ten list for appraisalreviews
– Define the rules of when standard 1applies and how to adjust scope of work
– Describe the goal of appraisal review
– Explain the benefits of using USPAP asthe basis for all appraisal reviews (NOT WHAT FHA/VA/AMC ETCREQUESTS/REQUIRES.)
– Look at USPAP requirements for datacollection and verification
– Learn the basics of math as applies toconsistency in adjustments
– Interpret when an appraiser’s scope ofwork is appropriate
– Establish consistency in size, datacredibility, and analysis
– Identify the goal of appraisal reviewsthat include an opinion of value
– Critique several appraisals for USPAPcompliance
– Look at the proper steps to articulateyour appraisal review assignments
– Review work file requirements forappraisal review assignments
– Appreciate review basics by completingpractice critiques
– Recognize the difference between USPAPcompliance and “How I do things”
Course Instructor
Hal Humphreys
Thomas H. Humphreys is a career-long real estate appraiser. He grew up measuring houses with his father, an appraiser. In the course of the past 30 years, Mr. Humphreys has appraised property across the country. He is a hearing officer for the Davidson County Board of Equalization. He has been a contract investigator/reviewer for the State of Tennessee Department of Commerce and Insurance. He also assists attorneys who represent citizens accused of crimes. Mr. Humphreys is partner in Appraiser eLearning and is the director of education for StoryboardEMP, llc, an education media company.
