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Purpose of the Course
There are four categories of education needed for an appraiser to succeed and be competent:
First, the appraiser should bring in basic math and writing skills before beginning training or appraising.
Second, the traditional theory based education of appraisal organizations and the AQB are necessary for the appraiser to have the theoretical base to be a good appraiser.
Third, practical education such as how to use MLS, Marshall, other data services, software, research and interview skills are necessary.
Lastly, the appraiser needs to be able to think like an appraiser.
This seminar is a first look at proper thinking methodologies and uses cases and specific examples to teach the appraiser how to think better to solve an appraisal problem. This course is a novel and first seminar on teaching appraisers to think like an appraiser.
Relevance of the Course
The course is necessary to train appraisers in processes of appraisal and to make better objective decisions. Standards of requirements and how to measure what is expected is presented. The case studies use real world problems and shows not only the solutions but how to get to the solutions through objective use of the tools set forth in the class.
Raise Your Appraiser IQ
This seminar is designed for residential and commercial real estate appraisers to provide better tools of analysis and communication of the analysis to comply with Uniform Standards of Professional Appraisal Practice, client and industry standards. The seminar includes discussions on logic, careful thinking, how to distinguish facts, opinions, conclusions, and analysis. The seminar will discuss the difference between “proof” and “support” as well as the difference between “correlation” and “causation.” Exercises will be used to help the appraiser better flow and link facts-> analysis -> to determination of correlation and causation -> then to conclusions and opinions. The seminar will highlight “pairing sales” and regression analysis along with alternative support methods. At the conclusion of the seminar the student should be proficient at not only including the required facts and data needed in a report, but also the evidence of analysis and conclusions with support needed to satisfy regulatory and client requirements.