The following courses are currently offered at the Wyndham Dallas Suites in Dallas, TX
Qualifying Education Courses
Basic Appraisal Principles
The Basic Appraisal Principles course provides an overview of real property concepts and characteristics, legal considerations, value influences, real estate finance, types of value, economic principles, real estate markets and analysis, and ethics in appraisal. Through theory, case studies, and examples, this course offers practical application of appraisal principles. Drill problems and a short case study allow students to put into practice the techniques presented in the course. An exam is given at the completion of the course for students requesting pre-certification credit.
Basic Appraisal Procedures
This basic appraisal course provides an overview of real property valuation procedures, the approaches to value, and residential applications, This course also explores real property analysis and description, including land and site description, improvement construction, and property inspection. Finally, the course provides an overview of appraisal reporting, including appraisal reporting forms most commonly used by residential appraisers. Through theory, case studies, and examples, the course offers practical application of appraisal procedures. A calculator is recommended.
2018-19 15-HR National USPAP
This is the 15-Hour National Uniform Standards of Professional Appraisal Practice (USPAP)
Course of The Appraisal Foundation. The 15-Hour National USPAP Course focuses on the
requirements for ethical behavior and competent performance by appraisers that are set forth in the
Uniform Standards of Professional Appraisal Practice (USPAP). This course is unique in that it is
developed by The Appraisal Foundation and is revised on a periodic basis to stay current with the
latest edition of USPAP.
Each student must have a copy of the 2018-19 USPAP, USPAP Advisory Opinions, USPAP
Frequently Asked Questions, and Index which provide the framework for the course and is referred
to throughout the course.
This course is designed to aid appraisers seeking competency in USPAP, in all areas of appraisal
practice including those subject to state licensing or certification and continuing education
requirements imposed by professional organizations, client groups, or employers.
Continuing Education Courses
2018-19 7-HR National USPAP
This is the 7-Hour National Uniform Standards of Professional Appraisal Practice (USPAP)
Update Course, as developed by The Appraisal Foundation. The course focuses on changes to
USPAP for 2018-19 and on appraisal issues that affect daily appraisal practice. It is unique in that
the Course is developed by The Appraisal Foundation and is revised on a periodic basis to stay
current with the latest edition of USPAP.
In addition to this student manual, each student must have a copy of the 2018-19 USPAP
publication available for use in the course. The publication includes USPAP, USPAP Advisory
Opinions, USPAP Frequently Asked Questions, and Index.
Appraisal of Small Residential Income Properties
Appraising 2-4 Family & Multi-Family Properties will increase the level of knowledge of the scope of work involved with income-producing properties. This text identifies key elements of market analysis of two- to four-family and multi-family properties and distinguishes which features and characteristics are important to an appraiser’s analysis. Analysis of income and expenses is covered and how this analysis is used in an appraisal of an income-producing property. Appropriate income methodologies and how the appraisal approaches apply to income-producing properties are also discussed. Finally, this text familiarizes students with the Fannie Mae Reporting Form 1025/Freddie Mac Reporting Form 72 and walks them through how to prepare the form, compile required data, and complete the necessary analysis.
FHA Property Analysis
Many real estate transactions are financed with FHA insured financing therefore, it is crucial for real estate brokerage professionals to stay well informed with FHA protocol. Successful FHA-insured finance transactions depend upon the brokerage professional’s awareness of property qualification criteria and the test the property must withstand.
The FHA Handbook, Valuation Analysis for Single Family One to Four Unit Dwellings served as a compass for developing and reporting appraisals to be used in connection with FHA insured financing. Effective September 14, 2015, most of the existing handbooks, mortgagee letters, and other references formally used by lenders, appraisers, and other real estate professionals will be superseded by a new, and more comprehensive Handbook titled: the FHA Single Family Housing Policy Handbook 4000.1. The new publication will help to direct information searches regarding minimum property requirements to a single handbook. Regarding appraisal reporting and delivery for FHA, the FHA Single Family Housing Appraisal Report and Data Delivery Guide was created. The Guide provides comprehensive protocol for completing an FHA appraisal report.
FHA Property Analysis commences with a study of FHA’s Minimum Property Requirements and Minimum Property Standards, and proceeds to discuss specific property applications and appraisal-related functions. Numerous best practices and illustrations will be included.
Investment Analysis for Income Properties
Investment Analysis for Income Properties provides a thorough exploration of concepts,
calculations, and processes involved in the analysis and valuation of income properties. The
course delves into the steps of income property valuation and the foundation for the financial
analysis of income properties. The various types of gross income (and their influence), gross
income streams, as well as the conversion of income into a value indicator via multiplier
capitalization is reviewed. Development of the NOI is reviewed and the course presents a
presentation of how income production’s performance, durability, and quality is found through
performance ratios. The calculation to find the capitalization rate for direct capitalization is
presented and examined. The course concludes with an introductory level exploration of how
compound interest is processed and applied to the Income Approach.
Performing USPAP Compliant Appraisal Reviews
A comprehensive appraisal continuing education course, Performing USPAP Compliant
Appraisal Reviews will appeal to appraisers who are considering entering the practice of
appraisal review, as well as those who are actively performing review work. Throughout,
the course especially emphasizes best practices for a reviewer when developing opinions
and conclusions regarding the quality of another appraiser’s work. The course begins
with an overview of appraisal review and a discussion of applicable USPAP Rules, along
with illustration of common errors and shortcomings commonly found by reviewers.
Next STANDARD 3 is fully discussed along with applicable guidance offered by the
Appraisal Standards Board. The course continues with an overview of the
STANDARDS 1 and 2 appraisal development and reporting obligations. Finally,
common mortgage industry appraisal and appraisal review forms are illustrated and
discussed from a review perspective.