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The value of a "deal" is often more than just the property value. Contractual concessions can have an impact on value - both positive and negative. Federal and State law as well as USPAP require appraisers to value property according to a Federal definition of "Market Value." This class will provide a detailed explanation of the regulations along with how concessions impact value. This class is a MUST for all appraisers! Agents will also benefit because it will help them make better CMA's and BPO's.
Course Objectives:
As a result of taking this class the appraiser or agent will understand:
1. The Federal definition of “Market Value”
2. How concessions can impact value
3. How to adjust for concessions
4. How to locate sales with concessions
5. Why failing to appraise a property at “Market Value” is considered fraud.
This class has been approved for Continuing Education (CE) credits in multiple states.
(3 Hours)
Course Objectives:
As a result of taking this class the appraiser or agent will understand:
1. The Federal definition of “Market Value”
2. How concessions can impact value
3. How to adjust for concessions
4. How to locate sales with concessions
5. Why failing to appraise a property at “Market Value” is considered fraud.
This class has been approved for Continuing Education (CE) credits in multiple states.
(3 Hours)
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