Countinuing Education Courses - BOBBITT AND CO. - Real Estate Appraisal Courses -

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CONTINUING EDUCATION COURSES

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The National Uniform Standards of Professional Appraisal Practice Course 15-Hour Course with Exam in Kansas and Missouri

This course no longer qualifies for continuing education USPAP requirements! If the state requires you to take a 15 hour USPAP course then you may register for course# QE-206 under the Qualifying Education schedule.

CE-401 — Basic Appraisal Principles, 28-Hr Course ($525)
(Textbook included in price of course, a $45 value!)

This basic appraisal 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 ethics in appraisal theory. Through theory and examples, the course offers practical application of appraisal principles.

CE-402 — Basic Appraisal Procedures, 28-Hr Course ($525)
(Textbook included in price of course, a $45 value!)

This basic appraisal procedures course provides an overview of real estate appraisal approaches to value, valuation procedures, property description, residential applications, commercial applications, improvement construction, home inspection, and appraisal math. Through theory and examples, the course offers practical application of appraisal procedures.

CE-403 — Market Analysis & Highest and Best Use, 14-Hr Course ($265) (Textbook included in price of course, a $35 value!)

This course introduces basic theories, techniques, and procedures to help you understand real estate market analysis, and apply highest and best use. Through theory and hands-on examples of appraisal processes, the course will provide practical applications of real estate appraisal procedures. Text Provided.

CE-404 — Residential Site Valuation & Cost Approach, 14-Hr
Course ($265) (Textbook included in price of course,
a $35 value!)

This course will help students gain valuable insight and a working knowledge of the various theories and methodologies for arriving at residential site values and applying the Cost Approach in everyday appraisal work. The advantages and disadvantages of using the cost approach in residential appraising will be examined. The important distinction between Replacement Cost New and Reproduction Cost New will be discussed, along with an in-depth look at several methods for estimating accrued depreciation. Students will learn how to read residential building plans and accompanying specifications. Each student will complete a step-by-step study utilizing the Marshall and Swift cost manuals. Text Provided.

CE-405 — Residential Sales Comparison & Income Approaches,
28-Hr Course ($525) (Textbook included in price of course, a $45 value!)

This course will help the appraisal student gain a basic understanding and knowledge of Residential Sales Comparison and Income Approaches. The course includes the valuation principles and procedures applicable to both approaches. With the aid of case studies, students will develop and apply the techniques for market analysis, including the application and use of matched pairs and capitalization rates and gross rental multipliers. There will be a discussion on cash and finance equivalency. Students will learn how to apply and defend the rationale behind market adjustments. The course will include a discussion of current Fannie Mae and Freddie Mac Guidelines and relevant USPPAP requirements and introduce students to the methods of appraising income properties. A combination of theory and hands-on examples provide practical applications of real estate appraisal procedures. Text Provided.

CE-406 — The National Uniform Standards of Professional
Appraisal Practice Update, 7-Hr Course ($130)
(Student Manual included in price of course, a $20 value!)

Changes to the current year USPAP are covered in this course which instructs the licensed/certified appraiser in each area. Topics include the Preamble, Ethics, Competency, Scope of Work, Jurisdictional & Supplemental Rules, Definitions and Standards 1-10. The Preamble, Standards and Standards Rules and Statements on Appraisal Standards are reviewed and analyzed using case studies to illustrate the practical application. Advisory Opinions and the Glossary are reviewed as is an overview of the creation, applicability, and highlights of FIRREA. Emphasis is placed on the “update” aspect -revisions to the standards over the previous 1-3 years. This course assumes student/appraiser is somewhat proficient in knowledge of the standards. This course is taught by AQB Certified USPAP Instructor Robert K. Bates. Only Student Manual Provided; students should bring their copy of current USPAP.

CE-407 — Residential Report Writing (forms), 14-Hr Course
($265) (Textbook included in price of course, a $35 value!)

This basic 14 hour continuing education appraisal course introduces theories, techniques, and procedures to help you understand the appraisal process and how to use various residential form reports for Fannie Mae and Freddie Mac compliant appraisals. Through theory and hands-on examples of appraisal processes, the course will provide practical application of real estate appraisal procedures. Text provided.

CE-408 — Fair Housing for the Appraiser, 7-Hr Course ($130)
(Textbook included in price of course.)

This course begins with a historical overview of fair housing laws and provides an in-depth analysis of discriminating housing practices, including HUD interpretations. USPAP Advisory Opinion #16 is reviewed by (1) examining the Appraisal Report Content issue, (2) the background of conclusions in light of fair housing laws, (3) advice from the Appraisal Standards Board by examining relevant USPAP references, appraisal report content and competency. The 1988 Fair Housing Amendment Act is presented in detail, with special emphasis on disability, and familial status discrimination. The students will be introduced to the fundamentals of fair housing advertising, along with current case law dealing with these subjects. There is a section on enforcement and remedies, which will lead to a discussion about the substantial penalties for violating the Act. The course concludes with the presentation of fair housing legal issues, including current case law and case studies designed to maximize student involvement and illustrations from the Appraisal Standards Board. Text Provided.

CE-409 — Real Estate Finance for Appraisers, 4-Hr Course ($65)
(Textbook included in price of course.)

This course will present a current overview of the basics of residential real estate financing including a discussion of the important current trends in mortgage lending from the viewpoint of an appraiser. The course provides an update on new affordable loan products, various types of government loans and special programs for the self employed or borrowers with adverse credit. There will also be a review of the ways the government has influence over the mortgage lending industry including the Congressional Acts that most directly protect the consumer. Sales concession and time adjustments are reviewed. Text Provided.

CE-410 — Red Flags in Property Inspection, 3-Hr Course ($65)
(Textbook included in price of course.)

This course will define the concept of Red Flags, what causes them and how to look for them. It includes detailed home inspection techniques with illustrations and background information on asbestos, radon, lead and other hazards to homeowners. This inspection covers both outside and inside the home. This course is designed to be an effective tool for appraisers who need a guide to detect Red Flags in residential properties. Text Provided.

CE-411 — Residential Appraisal Review Procedures and
Guidelines, 7-Hr Course ($130) (Textbook included
in price of course, a $45 value!)

This course is designed to provide practical information and understanding between the writers and reviewers of appraisal reports. This course will discuss the review process in light of Standards 1, 2 and 3 of USPAP. The student will be exposed to principles of investigation, analysis, verification of the logic and procedures used in residential appraisal reports to ensure the preparation of competent and thorough reports that result in sound value estimates. This course will also cover appraiser competency, reviewer guidelines, and common report deficiencies. New Fannie Mae report forms have been integrated into the course. Text provided.

CE-412 — Houses: Construction, Design, and Systems, 14-Hr
Course ($265) (Textbook included in price of course,
a $40 value!)

This course is an overview of a single family residence beginning with a look at communities, neighborhoods and sites, followed by construction materials and mechanical systems. House types, interior design and architectural styles are explored in a visual display. Environmental hazards are reviewed. Home improvements and renovations are looked at from the appraiser’s viewpoint. This course also incorporates the Federal Housing Administration’s Minimum Property Standards for One and Two Living Units. Text provided.

CE-413 — Physical Inspection and the Appraisal, 7-Hr Course
($130) (Textbook included in price of course, a $17 value!)

This course deals with the various factors of the neighborhood, lot and house that contribute to and detract from value and resale potential. It also covers the basics of new home construction. In addition, this course will teach building design, construction, background data and materials. Architectural style, building design and layout and the house zones and rooms found in residential properties are also covered. Information on building construction and mechanical systems used in residential properties, specific structural components equipment and attachments are covered in depth. Text provided.

CE-414 — Using Residential Appraisal Report Forms 2055 &
1004 7-Hr Course ($130) (Textbook included in price
of course, a $40 value!)

This course provides appraisers with contemporary and relevant instruction on reporting single-unit residential appraisals. Provided to the student is the Appraisal Institute's text: Using Residential Appraisal Report Forms, 2005. The course introduces the new 2055 and the new 1004, discussing in-depth each section of the forms and exhibits. Over 30 examples are discussed, based on actual or potential situations that the practitioners are likely to encounter, as well as recommendations drived directly from the FNMA guides and USPAP. A "must have" course for the residential appraiser.Text provided.

CE-415 — Mathematics for Real Estate Appraisers, 7-Hr Course
($130) (Textbook included in price of course, a $14 value!)

This course is designed to familiarize real estate appraisers with the mathematics of their profession. Each principle taught will have examples from the field of real estate appraisal. The rationale behind each principle taught is discussed. This course will help appraisers understand the steps used in processing data into reliable valuation conclusions. Text Provided.

CE-416 — Mortgage Fraud: A Dangerous Business, 7-Hr Course
($130) (Textbook included in price of course, a $18 value!)

This course gives the student the information they'll need to protect themselves and their customers and to be one step ahead of the competition. They will find key indicators or fraud and strategies for avoiding common scams. Also included are real-life examples of mortgage fraud, from which the student will see how easy it is to get caught up in mortgage fraud scams and the serious consequences of doing so.

CE-417 — The FHA and VA Appraiser: Thriving and Surviving,
7-Hr Course ($130) (Textbook included in price of course,
an $18 value!)

This course provides the student with an understanding of the historical and present need for FHA and VA programs. It focuses on current FHA appraisal requirements effective January 1, 2006 including inspection and reporting requirements. You will learn how to get placed on FHA rosters and we will walk through filling out the FHA appraiser application form in class, ready for you to mail.

NEW CE-418 — Supervising Beginning Appraisers, 7-Hr Course
($130) (Textbook included in price of course, an $18 value!)

Afraid that training will take too much time, and cost too much money? Are you unsure of how to establish a training program, worried about liability? This course will show you how to train the adult learner efficiently. You'll leave with a hands-on, step-by-step training program that will reduce your liability by establishing sound appraisal practices.

NEW CE-419 — Environmental Hazards, 8-Hr Course - ($130)
(Textbook included in price of course, a $39.95 value!)

This course teaches the student, who has no environmental training, how to screen a residential property for apparent environmental hazards. The bulk of this course is devoted to a discussion of the 25 most common environmental hazards. Each section includes background information about the environmental hazard, how it affects people who are exposed to it, how the level of exposure is measured, and how to look for evidence of the environmental hazard.

ADVANCED EDUCATION COURSES

ACE-601 — Advanced Residential Applications and Case Studies,
14-Hr Course ($265) (Textbook included in price of
course, a $35 value!)

This course focuses on complex properties that include valuing unique and high-end residential dwellings. Case studies will be used for discussion, analysis, and problem solving to elevate student's knowledge of challenging residential appraisal assigments and develop the expertise to recognize and address those situations at the Certified Residential level. Text Provided.

ACE-602 — Statistics, Modeling & Finance, 14-Hr Course ($265)
(Textbook included in price of course, a $35 value!)

This course is designed to provide students both the theory and practice of statistics, real estate finance, and valuation modeling for today's Certified Residential appraiser. Course includes basic instruction on the HP12C financial calulator. Text Provided.
HP12C calculator required.

ACE-603 — Mastering Unique and Complex Property Appraisal,
18-Hr Course ($350) (Textbook included in price of
course, a $40 value!)

This course provides the student with the ability to understand the performance requirements to complete the assignment at the Certified Residential level. Some of the property types discussed include mixed-use, income-producing, unusual, and one-of-a-kind properties. Text Provided.