Understanding Appraisals

Understanding Appraisals is a 3 hour class approved by both the Georgia Real Estate Commission and the Georgia Real Estate Appraisers Board for continuing education. This photo packed class is designed to give the student an in-depth understanding of the appraisal process. It is the first in a series of two classes. Understanding appraisals looks at a standard URAR – single family appraisal report and highlights the important sections of the report. Detailed discussion is provided on key areas of the report such as legal description, zoning/legal use, gross living area, comparable selection and adjustments and much more.

One of the sections of the class students find most interesting is gross living area. Do you know what constitutes gross living area? How is below grade space handled – is it counted as gross living area? What is a bedroom? During the class we tackle these topics and provide a clear understanding of appraisal standards.

Comments from students who have attended this seminar include: “this is the most interesting seminar I have ever attended”; “I did not know how much I did not know about real estate valuation”; “Scott keeps the class moving and has so many interesting photos that the time flew by”; “I was total wrong about what gross living area is and I have always counted rooms incorrectly”

The second class in this series is Appraisal Bootcamp – A Day in the life of an Appraiser. This is also a very exciting seminar. We will actually leave the classroom, visit a home and complete a full appraisal.

Appraisal Bootcamp

A Day in the life of an Appraiser

Appraisal Bootcamp is a 3 hour class approved by both the Georgia Real Estate Commission and the Georgia Real Estate Appraisers Board for continuing education. This very exciting seminar is the second in our series of appraisal seminars. It is recommended, but not required, that the student attend Understanding Appraisals first. By taking Understanding Appraisals first, the student will gain a base knowledge of the appraisal process and be able to apply it in this class.

What makes this class so unique and so popular is that we will actually identify a real property that we will appraise. The first hour of the class is spent in the classroom where we will do research on the property just the way we do as appraisers. We will identify our neighborhood, search for comparable sales and gather specific information on our subject property. We then will jump in our cars and go to the subject property. At the property the group will break into small units, guided by one of our experienced appraisers, and complete a full appraisal inspection. You will learn how to measure a house – and actually get to do it! We will discuss items which add to value, those that detract from value and much more. This will be a great time of question and answer. The final segment of the seminar is back in the classroom to wrap it all up and complete the actual appraisal report.

This hands-on seminar has received ratings off the chart. Everyone who attends will walk away with an abundance of knowledge and a heightened awareness of the items with affect market value.

Comments from students who have attended this seminar include: “Wow, I did not realize all that went into an appraisal”; “This has really changed the way I look at a home and the method I use to price it”; “This was so interesting”; “It did help to have the base knowledge from your other seminar – I really learned a lot”

The first class in this series is Understanding Appraisals. This is also a very exciting seminar. We cover all the basics of valuing real estate.  

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