CLE Online

Welcome and Land Acknowledgement (9:00 – 9:05)

Problem Appraisal Sample (9:05 – 9:35)

• sample of a flawed appraisal report
• desk top and restricted appraisal reports

Basic Rules

• the do's and don'ts 
• what an appraisal report represents
• what is appraiser negligence
• when do you need a review appraiser
• relation of appraisal review to the legal profession
• the interaction of appraisers and lawyers

Final Value vs. How the Appraiser Actually Got There

• California judgment

Appraisal in General

• what appraiser credentials and designations mean, the big myth
• appraiser professional standards
• what is a review appraiser

The Age/Life Concept

• effective age
• the most important ingredient in valuation

Typical Life Expectancy

• using the chart
• where to look

Cost Approach Mechanics (9:35 – 10:00)

• depreciation
• how to quickly review the cost approach section of any appraisal report
• what goes where
• land valuation

BREAK (10:00 – 10:15)

Sales Comparison Approach Mechanics (10:15 – 11:00)

• market abstraction and how it works
• dissection of appraisal reports using simple market abstraction
• identifying appraisal fraud

Questions and Discussion (11:00 – 11:15)

BREAK (11:15 – 11:30)

Reviewing Condo Appraisal Reports (11:30 – 12:15)

• what to look for
• check the GLA adjustments
• check the sales price/square foot

Reviewing Commercial or Income Approach Appraisal Reports

• where to look
• what to expect

Questions and Discussion (12:15 – 12:30)