Integrating Appraisal Standards

409 – Integrating Appraisal Standards: A practical guide to assist in identifying and correctly employing current federal agency appraisal standards, terminology and concepts.

Course Number:

C409

Course Title:

Integrating Appraisal Standards

Course Level:

Advanced

Course Length:

1 day – 8 AM to 5 PM

IRWA Credits:

8 QEU / CEU

AQB Credits

N/A

Prerequisites:

IRWA Course 400 "Principles of Real Estate Appraisal" (or equivalent)

 

 

Course Description

This course assists industry professionals in learning how to utilize and apply appraisal standards uniformly while meeting USPAP and other relevant requirements, and also clarifies assignments for agency staff and outside consultants.  This course is a combination of lecture, PowerPoint presentation, exercises and case studies, with emphasis on participation and interaction.
 
  • PLEASE NOTE:   Each participant is required to bring an example of an appraisal problem with them to the class presentation (preferably of a partial take with illustration/map). A memorandum with further clarification of this requirement is sent to all participants prior to the class date so that they will be prepared to discuss the details of the case upon arrival.

Credentialing
  • New SR/WA: An advanced elective course that can be applied towards the RWP certification or SR/WA designation.
  • Specialist: An advanced elective course that can be applied towards the R/W-AC certification.

Topics

  • Broad Overview, Origin of Laws and Standards: Financial and Non-Financial; Legal Framework behind Federal Agencies, Federal and State Laws
  • Standards: USPAP, The Yellow Book; The Appraisal Guide; 49CFR 24, The Appraisal of Real Estate; The Appraisal Journal; OMB Bulletin 92-06; The Reclamation Manual; Agency Standards
  • Which apply, and when? (FHWA, USPAP, The Uniform Act, Yellow Book; etc.
  • Rules: Jurisdictional Exception; Appraisal Development; Reporting; Extraordinary Assumptions and Hypothetical Conditions; USPAP Applicability of Agency Rules and Scope of Work Decision Matrix; Agency Responsibility
  • Statements, Advisory Opinions and Frequently Asked Questions

Course Tuition includes

  • Participant Manual
  • USPAP Text
  • USPAP FAQ's

Required Material

  • Financial calculator

Who should take this course

This course is designed for appraisers and agency staff who are familiar with appraising subject to agency rules and the USPAP.
 


Classroom Based Education

Online Education
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