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Demystifying the Appraisal

This course will teach you the key issues with the appraisal process, how appraisals affect loan and sale agreements, how to measure a dwelling and determine the gross living area, as well as selecting comparables and making adjustments.

$18.00

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Online Course
Printable Certificate
PDF & EPUB eBook
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At A Glance:

Price: $18.00 (USD)
Features: online text, printable certificate, PDF eBook
Hours: 3 Hours
Category: Real Estate > Continuing Education > Oregon > Real Estate Property Evaluation, Appraisal and Valuation
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Delivery:
OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

Course ID: 1038-1007

View Course Syllabus

This course will teach you the key issues with the appraisal process, how appraisals affect loan and sale agreements, how to measure a dwelling and determine the gross living area, as well as selecting comparables and making adjustments.

Topics covered in this online course include:

  • An overview of the appraisal process as it relates to Federal/State and the secondary market appraisal guidelines
    • What an appraisal is and is not.
    • What are the components of market value?
    • How do appraisal guidelines affect the purchase process?
    • How the 11 Fannie Mae appraisal forms affect your business.
  • What is included in the gross living area (GLA) of a home and how is it determined?
    • What is the difference between gross building and gross living area?
    • Is there agent liability for understated GLA?
    • How should you measure a residence and determine the GLA.
  • What is comparable to the subject property?
    • What factors determine comparability and why?
    • Let the market identify comparables.
    • How to make adjustments with paired sales.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.