Certified for 7 hours of continuing education in AL, AR, AZ, CA, CO, CT, FL, GA, IL, KY, KS, LA, MD, MI, MO, MS, NC, NE, NJ, NY, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA and WI. *Re-Approval pending in IN* More approved states coming soon!
This course was created to provide a broad review of basic techniques and procedures for measuring single-family residential dwellings. The measurement and area computation methods are based upon the American National Standards Institute Square Footage-Method for Calculating ANSI Z765-2013. The course is an exploration of the public records system, automated valuation models, and the MLS. Specifically, this course identifies ways in which square footage numbers reported by various sources impact home values. In every residential transaction, at some point and time, a home’s “size” will impact the perception of value.
The goal is to review the measurement and calculation of finished living area, based on the ANSI® Measurement Standard. This course is designed to provide a consistent means of calculating and communicating the living area of a house amongst real estate professionals. Another goal is to analyze the public records system, automated valuation models, and to explore the role of the Multiple Listing Service. Upon completing this course you will have a better understanding of the role square footage and the significance of what this piece of information conveys in the valuation process. Indeed, Size Matters!
Learn how to properly measure a single-family dwelling
Examine the measurement of stairs, upper levels, and rooms with sloped ceilings
Define & Discuss GLA or Gross Living Area
Identify the typical or standard width used in estimating the thickness of walls, creating exterior dimensions from interior measurements
Discuss the cost approach and the significance of accurate square footage calculations
Understand the extraordinary Power of “MLS”
Learn more about AVM’s, Public Records, and the current information crisis within the real estate industry
Discover how to recognize and utilize appropriate sketch related disclosure comments and how to prepare a competent statement of square footage
Review how to properly measure a single-family dwelling, based on the ANSI® measurement guideline
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Author of “How to Measure a House” based on the ANSI® Guideline; the American Measurement Standard, Death of an Industry-Real Estate Appraisal; Professional’s Dictionary of Real Estate Terms; Size Matters books and online courses; ANSI, Home Measurement, & the Power of Price-Per-Square-Foot appraisal CE course; and the Appraisal Process for Real Estate Professionals CE course. Since 2003, Hamp has promoted the establishment of a “Mandatory” national measurement standard. All real estate professionals must use the same language to create and communicate residential square footage. Until there is a universal agreement on this issue, and all Realtors® are required to be responsible for reporting an accurate square footage total in MLS, all property valuations are at risk (CMA’s appraisals, AVM’s, etc.), leaving home buyers and sellers at the mercy of who determines the size (and value) of their home. In a price-per-square-foot world, one-half of this all powerful formula is created by a hodge-podge of methods across the country. The real estate industry must find a way to join the rest of the standardized world.
Specialties: Certified Residential Appraiser. Residential square footage expert, who has researched public records, MLS, AVM’s, the appraisal industry and big banking for the last ten years. We have an information crisis in the real estate industry and the Golden Rule is alive and well. Appraiser/CDEI/CRS/ABR/GRI/Realtor®. Moore County, NC