Description
Approach the appraisal process with impartiality, knowledge of requirements and standards, and effective evaluation techniques. This course covers:
- Requirements for an effective appraisals and evaluations
- FIRREA and Interagency Appraisal and Evaluation Guidelines
- Requirements for reviews and evaluations
- Requirements for monitoring collateral value
- Transactions that may be exempt from obtaining an appraisal
What You’ll Learn
After successfully completing this course, you will be able to:
- Describe the requirements for an effective real estate appraisal and evaluation program
- Identify Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and Interagency Appraisal and Evaluation Guidelines
- Describe the requirements for reviewing appraisals and evaluations
- Describe the requirements for monitoring collateral value
- Identify transactions that may be exempt from obtaining an appraisal
