Introduction to Real Estate Appraisal Review School (ITREARS) provides foundational knowledge and concepts required to understand commercial real estate appraisals. This course is the prerequisite to Real Estate Appraisal Review School (REARS). This course and the CSBS’s Introduction to Real Estate Appraisal Review are identical and qualify as the pre-course for the FFIEC’s REARS.
The length is four days.
| At-a-Glance | |
|---|---|
| Length | 4 days |
| Delivery | Virtual |
| Prerequisite/Pre-course | Yes |
| Continuing Education | No |
Objectives
Upon completion, participants will be able to:
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Identify the concepts of value and the steps involved in the appraisal process.
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Define various types of value and market analysis.
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Evaluate depreciation and its impact on the value of property.
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Evaluate the Highest and Best Use.
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Evaluate the current condition, functional and economic influences on value.
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Identify and recognize the three approaches to value.
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Introduce CAP rate analysis.
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Examine the Uniform Standards of Professional Appraisal Practice (USPAP) and Appraisal Regulatory Guidelines.
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Assess the valuation of real property, personal property and business evaluations.
Target Audience
The school is for examiners who have basic knowledge in reviewing and analyzing commercial real estate.
Pre-Course Assignment
The pre-course is recommended reading. The estimated completion time is two hours.