Appraisal Training

Appraisal Reports:
Most appraisals are either narrative reports or from reports. Form reports range from two or three-page mortgage appraisal forms to multi-page relocation forms (often 10+ pages). Narratives vary from short versions detailing primary research and approaches to value (e.g., used in divorce action) to detailed 60 + page products for litigation and expropriation, etc. Most of the reports you will order and review daily will be form reports. An example is included with this training program. Narrative reports for mortgage financing are used when the property is either commercial or industrial.

Details

Key Appraisal Report Components:

Approaches to Value:

Direct Comparison Approach (Most Used):

Procedural Steps

Reconciliation

Adjustment Calculations:
Three simple rules apply when using the direct comparison approach:

Cost Approach:
The cost approach used in the appraisal of real property is primarily focused on the objective value. Objective value affirms that the cost to create is the main criterion in estimating value and is guided by the principal of substitution, which maintains that a prudent buyer will pay no more for a property than the cost of producing or creating an equally desirable property, providing no delay occurs in making the substitution.

The Income Approach:
The income approach is an appraisal procedure consisting of six steps, which converts anticipated benefits (dollar income) to be derived from a property ownership into a value estimate. The income approach is widely applied in the appraisal of income producing properties.

Optimum Appraisal Guidelines:

MCAP Prime Appraisal Guidelines:

Quiz

Course Content

Details

Key Appraisal Report Components:

Details

Approaches to Value:

Details

Direct Comparison Approach (Most Used):

Details

Procedural Steps

Details

Reconciliation

Details

Adjustment Calculations:
Three simple rules apply when using the direct comparison approach:

Details

Details

The Income Approach:
The income approach is an appraisal procedure consisting of six steps, which converts anticipated benefits (dollar income) to be derived from a property ownership into a value estimate. The income approach is widely applied in the appraisal of income producing properties.

Details

Optimum Appraisal Guidelines:

Details

MCAP Prime Appraisal Guidelines:

Details

Quiz

Appraisal Training

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Business Hours:

Quick Links

Contact Info

Course Content

Details

Key Appraisal Report Components:

Details

Approaches to Value:

Details

Direct Comparison Approach (Most Used):

Details

Procedural Steps

Details

Reconciliation

Details

Adjustment Calculations: Three simple rules apply when using the direct comparison approach:

Details

Details

The Income Approach: The income approach is an appraisal procedure consisting of six steps, which converts anticipated benefits (dollar income) to be derived from a property ownership into a value estimate. The income approach is widely applied in the appraisal of income producing properties.

Details

Optimum Appraisal Guidelines:

Details

MCAP Prime Appraisal Guidelines:

Details

Quiz

Appraisal Training

Student Ratings & Reviews

Subscribe to Our Newsletter

Business Hours:

Quick Links

Contact Info

Adjustment Calculations:
Three simple rules apply when using the direct comparison approach:

The Income Approach:
The income approach is an appraisal procedure consisting of six steps, which converts anticipated benefits (dollar income) to be derived from a property ownership into a value estimate. The income approach is widely applied in the appraisal of income producing properties.