1. Appraisal Process

    2. Learning Objective

    3. What Is an Appraisal?

    4. Price, Cost and Value

    5. What Is Market Value?

    6. Why Are Appraisals Performed?

    7. Who Is the Appraiser's Client?

    8. Appraiser Independence

    9. Appraisal vs. CMA

    10. The Basic Appraisal Process

    11. Defining the Appraisal Problem

    12. Scope of Work

    13. Property Data Collection

    14. The Appraiser's Property Observation

    15. Appraisal vs. Home Inspection

    16. Neighborhood and Market Analysis

    17. External Influences on Value

    18. Highest and Best Use

    19. Example: Highest and Best Use

    20. The Three Approaches to Value

    21. Sales Comparison Approach

    22. What Makes a Good Comparable?

    23. Location of Comparables

    24. How Recent Should Comparables Be?

    25. Comparable Doesn't Mean Identical

    26. Understanding Adjustments

    27. Superior vs. Inferior Comparable

    28. Adjustment Example

    29. Adjustments Are Market Driven

    30. Multiple Adjustments Example

    31. Net vs. Gross Adjustments

    32. Which Comparable Gets the Most Weight?

    33. Reconciliation

    34. The Cost Approach

    35. Replacement vs. Reproduction Cost

    36. What Is Depreciation?

    37. Physical Deterioration

    38. Functional Obsolescence

    39. External Obsolescence

    40. The Income Approach

    41. Understanding Property Income

    42. Potential Gross Income

    43. Vacancy & Collection Loss

    44. Operating Expenses

    45. Net Operating Income

    46. Capitalization Rate

    47. Cap Rate Exercise

    48. Gross Rent Multiplier

    49. The Appraisal in a Financed Purchase

    50. The Appraisal Gap

    51. When the Appraisal Comes in Low

    52. Reconsideration of Value

    53. Building a Strong ROV Request

    54. Communicating With the Appraiser

    55. Appraisal Independence

    56. Fair Housing and the Appraisal Process

    57. Appraisal Bias

    58. Common Agent Mistakes

    59. Massachusetts Transaction Scenario

    60. Case Study: Choose the Best Comparables

    61. Appraisal Myth or Fact?

    62. Scenario: The $100,000 Kitchen

    63. Scenario: Multiple Offers

    64. Scenario: The Highest Sale

    65. Scenario: Agent Meets the Appraiser

    66. Scenario: Appraisal Contains an Error

    67. Best Practices for Real Estate Licensees

    68. Final Knowledge Check

    69. Final Knowledge Check — Part 2

    70. Key Takeaways & Course Completion

Appraisals

  • $25.00

What You'll Learn In This Course

  • The Appraisal Process

    Learn the key steps in a residential appraisal and understand the appraiser’s role in determining an independent opinion of property value.

  • COMPARABLES & ADJUSTMENTS

    Understand how comparable properties are selected and how differences in location, condition, size, features, and market conditions may affect value.

  • APPRAISALS & THE TRANSACTION

    Explore how appraisal results can affect financing, negotiations, purchase agreements, and the successful completion of a real estate transaction.

Know the Value. Understand the Process. Better Serve Your Clients.

Strengthen your understanding of the appraisal process and gain practical knowledge you can use when guiding buyers and sellers through one of the most important steps in a real estate transaction.

ENROLL NOW---$25