Identifying and Correcting Appraisal Failures
Tracking # 20-1170662
$126.00
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Learn moreCourse overview
Appraisal Quality Monitoring System (AQM) along with the computer system known as the Collateral Underwriter (CU) review of tens of thousands of appraisals each day. Despite the implementation of this system, extensive feedback and outreach, a high appraisal failure rate persists. This class outlines many of the most common failures noted by the CU, appraisal reviews, and interviews with chief appraisers of AMCs and lenders. Due to these persistent problems many appraisers are classified as Tier 2 or 3 and paid less. This class will explain the failures and offer solutions that should help appraisers reduce the call-backs, hard stops and the need for corrections.
Subject areas
This course counts toward the state boards and subject areas below.
Michigan Board of Real Estate Appraisers
Real Estate Appraiser - Certified General
Real Estate Appraiser - Certified Residential
Real Estate Appraiser - Limited
Real Estate Appraiser - State Licensed
Disclosure statements
In order to receive credit for course completion, the registered student must partake in all of the compulsory activities for the given course such as: readings, videos, and quizzes. It is imperative to log in periodically throughout the entirety of the course so that once the course end date nears, the student will not feel pressured to catch up on the course materials. The student is required to complete the course in its entirety in order to receive credit. The student must attest to this fact as a condition of taking the course.
All students may receive a full refund for any courses purchased provided the refund is requested within 30 days of the original purchase and the course has not been completed. No refunds will be provided if the student wishes to return the course more than 30 days after purchase. If the student does not pass the final exam with a minimum score that is set by the state, he or she may re-take the exam with a different set of questions.