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Residential Applications Part 2: Using Microsoft Excel to Analyze and Support Appraisal Assignments Results

    Date: June 4, 2019   Location: Chicago, IL
Category  Other [Oth]  
Level  Intermediate  
Attendance Hours  7.0  
Current Price  $ 145.00 AI Price  
$ 165.00 Full Price  
Mark V. Smeltzer, MAI, SRA, AI-RRS  
Name  Chicago Chapter  
Rep  L A  
Address  205 W Wacker #202  
City  Chicago  
State  IL  
Zip  60606  
Phone  (312) 616-9400  
Click Here to check state approvals
  Sponsor / Contact  
Chapter  Chicago
Contact Name  L.A. Anderson  
Phone  (312) 616-9406  
Fax  (312) 616-9404  

Fannie Mae's new Collateral Underwriter (CU) requirement requires residential appraisers to prove their adjustments.
This seminar provides the knowledge needed to do just that!

"The seminar is exactly what residential appraisers need today to understand how CU works, since it explains linear regression using their own MLS data combined with Excel. It gives them the tools to use regression in their own markets to understand what Fannie Mae's CU will be generating for typical adjustments."
Craig Steinley, SRA, AI-RRS

Building on the skills and techniques highlighted in Residential Applications Part 1: Using Technology to Measure and Support Assignment Results, this practical, hands-on seminar provides residential appraisers with an additional set of technological tools to measure and support work results that will increase client satisfaction.

Learn how to create charts, graphs, and tables to provide market-derived support for the following appraisal issues: neighborhood age and sale price, neighborhood predominant age and sale price, exposure time, gross living area adjustments, site value and site adjustments, stigma, external obsolescence, liquidation value, and market analysis using the Fannie Mae 1004MC. Immediately use your seminar handbook full of examples and step-by-step instructions for later reference. This could be one of the most valuable residential seminars you have ever taken!

Upon completion of the seminar, participants should be able to:
• Apply spreadsheets, PivotTables, simple regression, charts and graphs to everyday appraisal problems
• Support a neighborhood age range and predominant age
• Support a neighborhood price range and predominant sale price
• Support an opinion of exposure time
• Support a gross living area adjustment
• Support a site value and site adjustments
• Support stigma
• Support external obsolescence
• Support liquidation value
• Find and support data to complete the Fannie Mae 1004MC form

• Basic level of knowledge of spreadsheets, especially Excel, obtained from seminars such as Using Spreadsheet Programs in Real Estate Appraisals—The Basics or Thinking Outside the Form: Tools, Techniques, and Opportunities for Residential Appraising
• Experience in market analysis, highest and best use, and inferred market analysis

Recommended Equipment
• Laptop
• Microsoft Excel 2007 or 2010 loaded and operational. Apple MacBook will need the latest version of Excel (2011). Solver Add-in and Analysis Tool Pak Add-in installed prior to class. Download a trial copy of Excel by clicking here.
• The registration e-mail confirmation will provide a secure link to download Excel files to upload for in-class exercises.

Recommended Texts
An Introduction to Statistics for Appraisers
Appraising Residential Properties,4th ed.
Practical Applications in Appraisal Valuation Modeling
The Appraisal of Real Estate, 14th ed.
Visual Valuation: Implementing Valuation Modeling and Geographic Information Solutions

Cancellation Policy
  • $50.00 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment.
  Transfer Policy
  • $50.00 transfer fee.
  • Less than 2 days prior to program start date, no transfer allowed.
The State and the AQB requires that you be in class 100% of the time. You will not receive credit if you don't fulfill this requirement

Program materials can be downloaded by the student.
  Additional Information  
class registration May 23 8:00am class lecture 8:30-4:30

Hotel Reservation: Crowne Plaza Chicago West Loop



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