To teach the class participants about the Appraisal Review process through lecture, class discussion, reviewing appraisals, and reporting the results of that review. To teach the class participants about review concepts under the Uniform Standards of Professional Practice (USPAP) there will be case studies for an apartment appraisal, farm appraisal, commercial produce appraisal and one family housing appraisal.
The purpose of this course is to provide training for review appraisers performing reviews of appraisal reports for federal land acquisitions or conveyances. Because this course utilizes the Yellow Book, the format follows the outline of Standard C - Standards for Review of Appraisals. The course material expands on the sections in these Standards with pertinent discussion questions and drill problems.
Sharpen the students review skills through the solution of appraisal review case studies. Assist the student to become a more proficient reviewer.
Please Note: This is an advanced skill level course. It is assumed the student has already gained the level of knowledge and understanding that is taught in the lower level courses such as Valuation of Conservation Easements and Other Partial Interests in Real Estate, and Uniform Appraisal Standards for Federal Land Acquisitions.
Required Equipment & Textbooks: HP- 12c, HP-17bII or HP-19bII calculator; Current edition of USPAP, and Uniform Appraisal Standards for Federal Land Acquisitions (Click here for basic information how to use an HP-12c)
Suggested Textbook: The Appraisal of Real Estate, Fourteenth Edition, Appraisal of Rural Property, Second Edition
Contact Hours: 36 hours + 4 hour exam
Course Timetable: Days: 1-5 8 AM – 5 PM
Accreditation: This course is required for the RPRA
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