
WITH OUR MANUAL FOR
THE URAR FORM 1004:
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Understand all the Fannie Mae Changes, Intentions, Expectations and Requirements: Contract Analysis, Subject & Comparable Transfer History, Listing History, Unacceptable Property Flipping Awareness, Non-arms length Transactions, Effective Date of the Data, The Yes/No Format, PUD.
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Know what is supposed to go on every line, box, subsection and section of the new Fannie Mae requirements.
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Use the included template, model appraisal and standard comments, and checklists.
WITH OUR MANUAL FOR THE MARKET CONDITIONS ADDENDUM 1004MC:
- Understand different levels of data analysis (market segmentation).
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Know how to treat foreclosures and non-foreclosures in data analysis.
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Understand time-lapse data definitions, absorption rate and inventory absorption.
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Implement use of the more reliable “median” statistical method of analysis.
- Ensure consistency between the market conditions addendum and neighborhood analysis section.
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Know the circumstances that require completion of only the top portion of the market conditions addendum or completion of both the top and bottom portion.
WITH OUR MANUAL FOR THE 2-4 UNIT SMALL RESIDENTIAL INCOME 1025 FORM:
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Understand situations and lines that are unique to the 2-4 Unit form or
to the appraisal of 2-4 Unit property.
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Know how to fill out the Rental Data & Subject Data Sections correctly.
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Know the difference between GLA and GBA calculations.
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Consider the relevance or not of the GRM in most 2-4 Unit appraisals.
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Know how to use and incorporate 2-4 Unit items of measurement into a SCA and Final Reconciliation.
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Understand the use of adjusted and unadjusted units of measurement.
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Know when and how to complete the Fannie Mae Operating Income Statement Form 216.
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Use the included template, model appraisal and standard comments.
WITH OUR MANUAL PRACTICE SUPPLEMENT TO URAR/2-4 UNIT/CONDO FORMS: “ISSUES AND SOLUTIONS IN RESIDENTIAL APPRAISAL PRACTICE" - A SERIES OF TIMELY RESIDENTIAL APPRAISAL TOPICS:
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“Distance & Reporting Requirements for Adverse Environmental Conditions.”
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“Everything You Need to Know About Condo Project Information.”
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“How to Establish Fair Market Rent in 30 Minutes or Less.”
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“In-Law Appraisal: Permitted Use, Zoning and Comparable Selection.”
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“Model and Procedures for Selecting Comparables.”
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“Rating Condition of the Subject and Comparables: 'As-is' & 'Subject to' Appraisal.”
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“Techniques for Accurate and Effective Determination of Zoning.”
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“USPAP Concept of 'Normal Course of Business': Consequences of Non-Compliance.”
WITH OUR MANUAL “SOLVING APPRAISAL PROBLEMS THROUGH ADJUSTMENTS: RULES AND NON-TRADITIONAL OPTIONS”:
- Use paired sales that have two (2) or more differences.
- Determine the value of an over improvement in GLA or other property feature.
- Find out the value when the subject has excess/surplus land.
- Make a defensible negative or positive time adjustments.
- Use old, far or distant sales to make adjustments.
- Use 40+ adjustment options.
Our Promise: If our URAR (1004), Market Conditions Addendum (1004MC), 2-4 Unit (1025) or Adjustments Manuals aren't everything we say they are, just return any of them and we will refund your money!
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the Practice Supplement (a $19.95 value)
"Issues and Solutions in Residential Appraisal Practice"
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