About Event
Confused about the new appraisal rules? Not sure about which Fannie Mae guidelines, USPAP, and lender requirements will affect the appraisal? Come learn the correct terminology and criteria required to prepare an appraisal report and how to choose properties for a credible Comparative Market Analysis (CMA).
Students will be able to: define and explain the difference between value, price, and cost; demonstrate core value principles and their application to the appraisal process; list the 4 components of an arm's length transaction to create market value; explain gross living area and room count as computed by the appraiser; and, explain how Fannie Mae Guidelines are employed by the appraiser in choosing the most appropriate comparable property.
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