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Learn how to become a better appraiser!
Richard Hagar, SRA is coming to Sacramento!
REAA Sacramento is proud to present nationally known appraisal instructor Richard Hagar, SRA of the Hagar Institute for three classes of great importance to residential appraisers to help us deal with FNMA's Collateral Underwriter program in particular and become better appraisers in general.
Friday March 27th and
Saturday March 28th
*Dante Club*
2330 Fair Oaks Boulevard
Sacramento, CA 95825
Map
*Last day to pre-register is Tuesday, March 24th by Noon*
A total of 15 hours of continuing education for California licensed appraisers. We're offering each class individually or at a discount if you buy all three together.
Coming from out of town?
Click on the link below for a special rate for class attendees at the Larkspur Landing Hotel.
REAA Hotel Reservation Discount
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Rejected Appraisals - Issues Related to AQM, UAD and Other Failures (7 hrs)
Friday, March 27th
This class is an overview of FNMA's Collateral Underwriter, Appraiser Quality Monitoring System (AQM), Uniform Appraisal Dataset (UAD) and common errors leading to rejected appraisals
12,346 appraisals are rejected by Fannie Mae, each week. Even with Fannie/Freddie Mac's use of the UAD/UCDP, poor appraisals were still being utilized. Therefore, the GSEs announced their launch of the new Appraisal Quality Monitoring System (AQM). This system tracks and monitors appraisers, appraisals, and lenders. The system is designed to improve appraisal quality and block sub-par appraisals from being submitted to the GSEs. The new system identifies problems and initiates what they call "Fatal Warnings" and "Hard Stops." This class will explain how the system functions, black listing, and many of the common errors leading to rejected appraisals. This class is designed to help appraisers produce better reports.
BREA Course #1510341001
Course Provider ID: CP 10341
Registration: 7:45 - 8:30am
Class: 8:30am - 12:30pm
Lunch: 12:30pm - 1:00pm
Class: 1:00pm - 4:00pm
Continental Breakfast & Boxed Lunch Included
Single Class Pricing
Member Pricing: $109
Non Member Pricing: $139
Click Here for Single Class Registration
3 Class Bundle Discount Pricing
Member Bundle Pricing: $219
Non member Bundle Pricing: $279
Click Here for 3 Class Bundle Registration
*DO NOT SIGN UP FOR INDIVIDUAL CLASSES IF YOU ARE TAKING ALL THREE CLASSES!
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The Art of Determining Appraisal Adjustments (4 hrs)
Saturday, March 28th
This class will explain the various methods for determining or measuring the market's response to a component and the process available to the appraiser when creating an appraisal.
Every month appraisers are having their licenses revoked because they aren't using supported adjustments and "properly" valuing property. Worse yet, some are even finding themselves sued out of the business.
Appraisal Adjustments Are Not Just An Opinion.
Appraisers can't simply pull adjustments out of thin air By law, adjustments must be measured and supported based on the reactions of buyers and sellers within the real estate market. This course will provide both aspiring and experienced appraisers with the necessary tools to perform a professional and proper appraisal. Determining adjustments is easy once you understand the various methods available. This training will walk you through several methods that will increase the accuracy of your appraisals, reduce your chances of a lawsuit, and keep you safe. Building the better appraiser is the goal!
BREA Course #1510341002
Course Provider ID: CP 10341
Registration: 7:45 - 8:30am
Class: 8:30am - 12:30pm
Lunch: 12:30pm - 1:00pm
Continental Breakfast & Boxed Lunch Included
Single Class Pricing
Member Pricing: $59
Non Member Pricing: $79
Click Here Single Class Registration
3 Class Bundle Discount Pricing
Member Bundle Pricing: $219
Non member Bundle Pricing: $279
Click Here for 3 Class Bundle Registration
DO NOT SIGN UP FOR INDIVIDUAL CLASSES IF YOU ARE TAKING ALL THREE CLASSES!
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Defining Market Value &
How to Adjust for Concessions (4 hrs)
Saturday, March 28th
This class looks closely at market value, concessions and their impacts on appraisers.
By federal law, all appraisals, for lenders, must be based upon the federal definition of "Market Value." Failure to appraise using this definition can result in appraisers being black listed or facing disciplinary action by the State. Understanding how concessions impact market value is difficult...and downright confusing.
This class will walk the appraiser through the definition of market value then expand and show students how they can properly adjust for concessions. The goal is to help appraisers understand the legal requirements and keep them safe!
BREA Course #1510341003
Course Provider ID: CP 10341
Registration: 12:45pm - 1:00pm
Class: 1:00pm - 5:00pm
Single Class Pricing
Member Pricing: $59
Non Member Pricing: $79
Click Here For Single Class Registration
3 Class Bundle Discount Pricing
Member Bundle Pricing: $219
Non member Bundle Pricing: $279
Click Here for 3 Class Bundle Registration
DO NOT SIGN UP FOR INDIVIDUAL CLASSES IF YOU ARE TAKING ALL THREE CLASSES!
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Cancellations must be received 48 hours prior to class to avoid being charged.
* walk-in's will be charged an additional $25 per day*
Education Course Provider: The Hagar Institute and American Home Appraisals
7433 SE 27th Street, Mercer Island, WA 98040
BREA Course Provider # CP 10341
BREA Course # 1510341001
BREA Course # 1510341002
BREA Course # 1510341003
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SPACE IS LIMITED! Sign up now to guarantee a spot!
***Must be logged in to receive member pricing!***
For Further Information Call:
916-790-6671
Or visit www.reaaca.org
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