Determining Appraisal Adjustments
Opinion Isn't Enough
The appraisal process is supposed to reflect reality - the reaction of buyers and sellers in the market place. Appraisers typically utilize three approaches to value. The appraisal process usually requires the appraiser to apply “market adjustments” when determining market value.
Adjustments used throughout the appraisal are not the appraisers opinion, they must be based upon the market’s response. Market adjustments must be based upon facts, proper support and should not be based upon subjective opinion. This 7 hour class will explain the various
methods and processes that can be used for determining or measuring the market’s response to a component and the processes available to the appraiser when creating an appraisal. This version of the class dives deeper into 13 different methods appraisers can use when
deriving adjustments and “walk through” several examples using the Excel program.
We'll discuss the following methods in this class:
- The Cost Approach-types of depreciation, and adjustments for depreciation
- The Sales Comparison Approach-order of adjustments, grouped analysis, paired analysis
- Allocation Method
- Regression Analysis
- Three adjustment methods using the Cost Approach
- Adjustments vs. Income
- Alternative Methods-market studies, interviews
The instructor is Richard Hagar, a nationally recognized authority on issues relating to compliance and legislation relevant to real estate appraisals, lending, and mortgage fraud. He is also an expert in recent federal and state laws impacting the entire industry.
This class is approved for 7 hours of continuing education by the California Bureau of Real Estate Appraisers (Approval #18CP986603085).
Because of the importance of the material, REAA Sacramento is extending member pricing to non-members for this class: $120 for everyone. Class includes lunch at the Dante Club.
YOU DO NOT NEED TO BE AN REAA MEMBER TO TAKE THIS CLASS. HOWEVER, YOU MUST HAVE AN REAA WEBSITE ACCOUNT (FREE) TO RECEIVE YOUR CLASS CERTIFICATE-NO EXCEPTIONS.
8:00 to 9:00 Check-in
9:00 to 12:00 Class-First Session
12:00 to 1:00 Lunch
1:00 to 5:00 Class-Second Session
Registration cut-off is Wednesday, October 10 at 5 PM. Please sign up on our website by then so we can know how many meals to order.