What to use, what not to use, and what to do when you can't find any
Locating comparables can be a difficult part of the appraisal process. Unfortunately, many appraisers have been given incorrect information regarding various “guidelines” issued by Fannie Mae, FHA, and VA. Exacerbating the problem is the poor appraisal training many bank employees receive prior to interacting with appraisers. The purpose of this class is to outline the options appraisers have when searching for and using various comparable properties and how to locate information that aids in the appraisal process. The class will explain the options appraisers have when looking for information that will aid in the appraisal process and how that information must be conveyed to their clients.
- Introduction, rumors, regulations, FHA, VA, and USPAP requirements
- What's important
- Helpful tips, alternative information sources
- Example problem walk-throughs
- Unusual issues, location and time adjustments
- Highest and best use helps determine what is comparable
- What should not be used as a comparable
- Forced sales and search examples
Our instructor is Richard Hagar, SRA, nationally recognized authority on issues related to compliance and legislation relevant to real estate appraisals, lending, and mortgage fraud.
This class is approved for 7 hours of continuing education by the California Bureau of Real Estate Appraisers (BREA Approval #19CP986603104).
Cost of the class is $130 for members and $160 for non-members and includes lunch at the Dante Club.
YOU DO NOT NEED TO BE AN REAA MEMBER TO TAKE THIS CLASS. HOWEVER, YOU MUST HAVE A FREE REAA WEBSITE ACCOUNT 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 Tuesday, October 15 at 5 PM. Please sign up for the class on our website if you plan to attend so we can let the Dante Club know how many meals we need.