Understanding Residential Property Appraisal for REALTORS
Understanding Residential Property Appraisal for REALTORS
Thursday, 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)
- Closing remarks and gratitude to participants (2 minutes)
Total: 3 hours
CARROLL COUNTY ASSOCIATION OF
2103 Sykesville Road
Westminster, MD 21157 United States
2103 Sykesville Road
Westminster, MD 21157 United States
In Person
Thursday, October 3, 2024 (9:30 AM - 1:00 PM)
(EDT)
Sign In: 9:30am
Class: 10am - 1pm
Registered Guests
10
10
Powered By GrowthZone