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Thinking Outside the Form Education Schedule (PDF)

Education Catalog (PDF)
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Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

Almost everyone is familiar with the now worn-out phrase, “thinking outside the box.” It is an attempt to encourage people to be creative by moving beyond the simple and the routine. This seminar coins a new, similar phrase for residential real estate appraisers: “thinking outside the form.”

Thinking Outside the Form: Tools, Techniques, and Opportunities for Residential Appraising, is designed with a three-fold purpose:

  • To review appraisal standards required for appraisal reporting
  • To provide practical ways to supplement residential report forms with techniques and examples that improve compliance with appraisal standards and produce meaningful and understandable reports
  • To suggest and promote alternatives to mortgage appraisal assignments and encourage residential appraisers to search for new appraisal products and business opportunities.
At the end of this seminar, participants will be able to:
  • Prioritize and apply pertinent Uniform Standards for Professional Appraisal Practice standards that govern effective appraisal communication.
  • Implement the meaning of terms such as “summarize,” “analyze,” and “meaningful,” as they relate to professional appraisal standards.
  • Perform and report a higher level of market analysis than typically required by pre-printed residential appraisal report forms.
  • Visualize the value of spreadsheets, charts, and graphs in supporting assignment conclusions.
  • Write an effective highest and best use summary.
  • Identify and apply six critical tests for appropriate selection of comparable sales in the sales comparison approach.
  • Provide real-world solutions to appraisal problems regarding comparable selection.
  • Recognize the advantages of qualitative sales comparison analysis and use qualitative techniques to provide credible assignment results when data for quantitative analysis is limited.
  • Support adjustments in the sales comparison approach using tools, techniques, and methods derived from market analysis.
  • Improve on the development and reporting of the cost and income capitalization approaches in residential appraisal assignments.
  • Benefit from the advantages of using the restricted appraisal report format in non-mortgage residential appraisal assignments.
  • Recognize the process of reconciliation as one of the most useful tools available to the appraiser to analyze, summarize, and support conclusions in the appraisal report.

Please note that participants must complete 2 mandatory assignments in the program. Feedback will be at the discretion of the instructor. If you have questions about the assignment, or would like to request specific comments on your submitted assignment, please contact the instructor. Please allow up to 5 days for the instructor to reply to your review request.

Syllabus

  • Introduction
  • Module 1: Appraisal Standards
  • Module 2: Market Analysis
  • Module 3: Highest and Best Use
  • Module 4: Sales Comparison Approach
  • Module 5: Cost and Income Capitalization Approaches
  • Module 6: Reconciliation
  • Conclusion

AI CE Credit for Designated members and Practicing Affiliates

  • Attend Only = 20 points

Category
Residential [Res]

Audience
Residential appraisers

Required Technology
None Specified.

Recommended Text
None Specified.

Tuition
AI Price: $ 58.00
Full Price: $ 69.00

Click Here for State Approvals

Instructor
Alan F. Simmons, SRPA


Disclaimer
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.

Additional Information
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

  
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