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Understanding Residential Property Appraisal for REALTORS

October 3, 2024 9:30 AM - 1:00 PM (EDT)

Description

Course: 284-0703  Topic: F  3.0hrs  Instructor:  Dave Straitman

I. Introduction (15 minutes)
A. Welcome and introductions (5 minutes)
B. Importance of appraisal knowledge for realtors (5 minutes)
C. Overview of the course objectives and structure (5 minutes)

II. Fundamentals of Residential Property Appraisal (30 minutes)
A. Definition and purpose of residential property appraisal (10 minutes)
B. Key concepts: market value, comparables, adjustments, and appraisal methods (10 minutes)
C. Understanding the role of the appraiser in the real estate transaction process (10 minutes)

III. Appraisal Methods and Techniques (40 minutes)
A. Sales Comparison Approach (15 minutes)
B. Cost Approach (15 minutes)
C. Income Approach (10 minutes)

IV. Factors Affecting Property Value (20 minutes)
A. External Factors (10 minutes)
B. Internal Factors (10 minutes)

V. Legal and Ethical Considerations (20 minutes)
A. Compliance with appraisal regulations and standards (10 minutes)
B. Ethical obligations of realtors in relation to appraisals (5 minutes)
C. Common appraisal-related legal issues and how to avoid them (5 minutes)

VI. Appraisal Reports and Communication (20 minutes)
A. Overview of the residential appraisal report (10 minutes)
B. Interpreting and communicating appraisal findings to clients (5 minutes)
C. Collaborating with appraisers effectively in real estate transactions (5 minutes)

VII. Break (15 minutes)

VIII. Case Studies and Practical Applications (30 minutes)
A. Reviewing sample appraisal reports (15 minutes)
B. Analyzing real-life scenarios and challenges (10 minutes)
C. Q&A session to address specific concerns and questions from participants (5 minutes)

IX. Open Q&A Session (25 minutes)

X. Conclusion and Next Steps (10 minutes)
A. Summary of key takeaways (5 minutes)
B. Resources for further learning and professional development (3 minutes)
C. Course evaluation and feedback session (2 minutes)

XI. Closing Remarks (5 minutes)
  1. Closing remarks and gratitude to participants (2 minutes)

Total: 3 hours




Time

Sign In: 9:30am

Class: 10am - 1pm

Location

CARROLL COUNTY ASSOCIATION OF

In Person

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Contact Information

Name: Kitty Owings
Email: kitty@carrollrealtors.org

Bring photo ID at sign in.

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