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Appraisal Education

Residential and Non-Residential Continuing Education Appraisal Courses

Northern Michigan University offers a full range of residential and non-residential continuing education appraisal courses at sites located throughout Michigan and across the U.S. via webinar delivery that are convenient, relevant, of high quality and affordable.

Appraiser/Assessor/Surveyor Schedule

New pricing is now in place. MAREA memberships are no longer available. To receive a discount, register for 28 (or more) hours in one transaction and the discount will automatically be applied.

Date
(2022)

Time

Course Schedule

Instructor

Hours

Location

Cost
(Under 28/Over 28 Hours)

January 11 & 12 1:00 pm disclosures & Disclaimers for Residential Appraisers Heyn 7 Zoom $150.50/$129.50
January 13 8:00 am USPAP & MI Law** Gilbert 7 & 2 Grand Rapids $150.50/$129.50 +$43/37
January 14 8:00 am Appraising vs. Assessing Holley 7 Grand Rapids $150.50/$129.50
January 20 9:00 am Liability & the Mortgage Appraisal Wagar 7 Zoom $150.50/$129.50
January 21 9:00 am The Past, Present & Future of the Mortgage Appraisal Wagar 5 Zoom $107.50/$92.50
February 16 9:00 am Liability & the Mortgage Appraisal Wagar 7 Zoom $150.50/$129.50
February 17 9:00 am Anatomy of a Board Review Wagar 5 Zoom $107.50/$92.50
February 18 8:00 am What Appraisers Should Know About Assessing Holley 7 Zoom $150.50/$129.50
March 10 9:00 am The Past, Present & Future of the Mortgage Appraisal Wagar 5 Kalamazoo $107.50/$92.50
March 16 & 17 1:00 pm Residential Style & Design Heyn 7 Zoom $150.50/$129.50
March 17 9:00 am Liability & the Mortgage Appraisal Wagar 7 Kalamazoo $150.50/$129.50
March 18 8:00 am USPAP & MI Law** Gilbert 7 & 2 Kalamazoo $150.50/$129.50 +$43/37
April 14 8:00 am USPAP & MI Law** Gilbert 7 & 2 Lansing $150.50/$129.50 +$43/37
April 15 8:00 am Appraising for Non-Regulated Clients Gilbert 7 Lansing $150.50/$129.50
April 19 & 20 1:00 pm Appraising Manufactured Housing Heyn 7 Zoom $150.50/$129.50
April 21 9:00 am Anatomy of a Board Review Wagar 5 Lansing $107.50/$92.50
April 22 9:00 am Liability & the Mortgage Appraisal Wagar 7 Lansing $150.50/$129.50
April 29 8:00 am Appraising Vs. Assessing Holley 7 Zoom $150.50/$129.50
May 12 8:00 am USPAP & MI Law** Gilbert 7 & 2 Midland $150.50/$129.50 +$43/37
May 13 8:00 am What Appraisers Should Know About Assessing Holley 7 Midland $150.50/$129.50
May 19 9:00 am Liability & the Mortgage Appraisal Wagar 7 Midland $150.50/$129.50
May 20 9:00 am Underwriting & the URAR Mortgage Appraisal Wagar 7 Midland $150.50/$129.50
June 16 8:00 am USPAP & MI Law** Gilbert 7 & 2 Grand Rapids $150.50/$129.50 +$43/37
June 17 8:00 am Appraising for Non-Regulated Clients Gilbert 7 Grand Rapids $150.50/$129.50
June 23 9:00 am Liability & the Mortgage Appraisal Wagar 7 Grand Rapids $150.50/$129.50
June 24 9:00 am Anatomy of a Board Review Wagar 5 Grand Rapids $107.50/$92.50

*All times are Eastern Standard Time.

**These are the books that are required for the new 2022-2023 USPAP Course. You will need to purchase the NEW 2022 USPAP Reference Manual ($25) and the NEW 2022-2023 7-Hour National USPAP Update Student Manual ($35). You will also need your copy of the 2020-2021 Uniform Standards of Professional Appraisal Practice book. All of these materials are required.  Copies of the printed edition of 2020-2021 USPAP may be available for purchase in the classroom.  To purchase the materials, contact The Appraisal Foundation.

PDF versions are permitted as long as they are searchable.

Here is the link to the Appraisal Foundation.

For two-day Appraisal Zoom classes, you MUST attend both days to receive credit.

Questions? Please call 906-227-2103

Course Descriptions - Current Approved Courses (Classroom)

Mandatory 7 hours C.E. every license cycle. This is the 7-Hour National Uniform Standards of Professional Appraisal Practice (USPAP) Update Course, as developed by The Appraisal Foundation (Foundation). The course focuses on changes to USPAP for 2020-21 and on appraisal issues that affect daily appraisal practice. The Course is developed by the Foundation and is revised on a periodic basis to stay current with the latest edition of USPAP.

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours, MUST purchase your own workbooks. Each student must have a copy of the 2020-21 USPAP publication and Student Manual to use in the course. The publication includes USPAP, USPAP Advisory Opinions, USPAP Frequently Asked Questions, and an Index. These can be purchased directly from The Appraisal Foundation.

This two-hour course will discuss licensing laws at every level, the occupational code, and the governing boards, Michigan Consumer & Industry Services’ Board of Appraisers and the National Appraisal Foundation.

Cost: $43 if registering for under 28 hours; $37 if registering for at least 28 hours.

This course familiarizes the student with the review procedures available to the State when a complaint is filed. It begins by exploring the make up of the State Appraisal Board both from a procedure and a current personnel perspective. How to prepare, what to expect, discussion of the penalties and fines available to the State. Upon completion, the student will be more familiar and better to handle a review if presented with the situation. To include mandatory 2-hour Law requirement. 

Cost: $107.50 if registering for under 28 hours; $92.50 if registering for at least 28 hours.

This course provides an overview of appraisal review and a discussion of applicable USPAP Rules, along with illustration of common errors and shortcomings commonly found by reviewers. STANDARD 3 is fully discussed along with applicable guidance offered by the Appraisal Standards Board. The course continues with an overview of the STANDARDS 1 and 2 appraisal development and reporting obligations. Finally, common mortgage industry appraisal and appraisal review forms are illustrated and discussed from a review perspective. Throughout, the course especially emphasizes best practices for a reviewer when developing opinions and conclusions regarding the quality of another appraiser’s work. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This course is designed to familiarize the appraiser with the nuances of the appraisal for the non-regulated client, including: Problem Identification, Appropriate Valuation Methods and Appropriate Reporting Formats. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This class begins with a historical overview of the industry, followed by a discussion of proper terminology and definitions. The following sections deal with building codes and their effects on the different types of factory-constructed houses. Recognizing differences between site-built and factory-constructed homes is discussed, with special emphasis on distinguishing between manufactured homes and other types of factory-constructed housing. Quality issues are addressed, stressing proper observation techniques. Succeeding sessions focus on specialized assignment conditions, title issues, valuation, and reporting. Participation by class members is strongly encouraged, since much can be learned from the collective experiences of the participants. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This course seeks to discuss and understand the commonalities and differences in the systematic processes used in professional appraising and assessing.  We will compare and contrast the viewpoints of appraising for property taxation purposes and that of appraising for a client. Additionally, this course will give appraisers a better understanding of those appraisals completed by assessors and will provide the student with a set of best practices tools and insights for dealing with property tax appeals.

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

The Basic Construction Refresher course is designed for real estate agents and appraisers to review fundamental construction methods, both old and new, in residential real estate. The course covers construction from site preparation through completion. Major components of a house are identified including building materials and mechanical systems. Further, the course reveals ‘red flags’ that are discernible to agents and appraisers when inspecting a home for a listing, sale, or valuation. Finally, the course describes how physical and functional issues in houses affect value. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This seminar is the second of a series on questions commonly asked by residential appraisers. Using dozens of examples and illustrations, it includes an abundance of practical information
that can be immediately applied to an appraiser’s daily practice and help her or him maintain compliance with USPAP and Fannie Mae/Freddie Mac guidelines. The questions answered in
this seminar are:

  • Can I change the scope of work on a Fannie Mae/Freddie Mac form?
  • When is an appraisal report considered to be misleading?
  • How extensive must my analysis of the sales contract be?
  • How does Fannie Mae want appraisers to analyze and report sale concessions?
  • How does the Scope of Work rule apply to reporting adverse or beneficial property conditions?
  • Are Fannie Mae and Freddie Mac requirements also USPAP obligations?
  • How do I distinguish between different types of factory-built housing?
  • How does Fannie Mae’s Collateral Underwriter apply to my practice?
  • What are my certification requirements under USPAP and how should I handle client requests for additional certifications in my report?

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This class will take a step-by-step process aiding the student in understanding The Appraisal Desk Review process and discuss its need and use in today's secondary mortgage system. Additionally, we will explore how to best identify the distinguishing differences between The Desk Review vs. The Field Review and its need and use in the lending process.  With a better understanding of the desk review, the students will learn to examine the appraisal, its accuracy of data and credible support for its value conclusion results.  Particularly when there is no geographic competence.

The class material shares a pre-printed sample Desk Review form as a sample of what is currently available in the field.  The class will go through the review process through the eyes of a Desk Reviewer using a section by section discussion with a specific focus on what flags an appraisal for review and what tools the appraiser should have for The Appraisal Desk Review. 

Cost: $107.50 if registering for under 28 hours; $92.50 if registering for at least 28 hours.

This class is designed to assist residential appraisers in the appropriate use of disclosures and
disclaimers to promote clear communication and reduce liability. While the primary focus of the seminar is directed at dealing with disclosures and disclaimers when reporting assignment results on the Uniform Residential Appraisal Report Form (URAR), there is much in the way of general information that will assist appraisers when dealing with issues of liability found in other appraisal assignments that do not require the use of the URAR form.

Actual and hypothetical accounts of common residential appraisal situations are used to illustrate both the potential liability involved, as well as possible preventative measures. Dozens of disclosures,
disclaimers and other suggested statements are included for the participant’s consideration. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This course is designed to reacquaint appraisers with Fair Housing Laws and how they not only affect Real Estate sales professionals but how they can affect the mortgage appraisal and appraiser. The study of specific Fair Housing laws, language and penalties will be covered along with current studies and recently published studies and opinions. 

Cost: $86 if registering for under 28 hours; $74 if registering for at least 28 hours.

This course is designed to familiarize Appraisers with current FHA/HUD appraisal requirements. Special attention will be given to changes and updates to Single Family Housing Policy Handbook 4000.1 that were effective 2016 – Present. There will also be a review of the Rural Development Property and Appraisal Requirements (Revised 05/2017). 

Discussions will include an overview of HUD appraisal guidelines as outlined in HUD Handbook 4000.1. Segments of the class will focus on HUD guidelines as they pertain to property inspections, required documentation, general reporting requirements and the 203K program.

Each participant will receive a CD library containing copies of SF Handbook 4000.1, and Chapter 12 of the Rural Development Guide, along with other essential reference materials that every FHA approved appraisers should have at their fingertips. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

After all segments, the student will be exposed to the Collateral Underwriting program and be able to better understand the origin, history and basic concepts of the Fannie Mae Collateral underwriting (CU) program and process. In varying segments, the CU process and system of automated review will be examined.  This will lead the appraiser to be better prepared when completing the FNMA URAR 1004 mortgage appraisal and process. A better understanding of guidelines, explanations and rationale’s will result in a more comprehensive and a higher review score is hoped as the result. 

In 2015, FNMA put in place Collateral Underwriter, a computerized method of reading and interpreting our mortgage appraisals. In 2016 FHA followed suit with one of their own.  C/U places a risk score on each appraisal. While focusing on Collateral  Underwriter and how it works, this class also discusses both the past and the possible  future direction  for the process of collateralizing single family mortgages by the secondary market and it’s possible effect the single family mortgage appraisal process. We will study how C/U works and why FNMA believe C/U provides them added safety in the appraisal process.

The discussion will also include what created the perceived need for C/U and a history of the collapse of the secondary market and it’s reconstruction. What led to new underwriting guidelines and the creation of the Government Sponsored Enterprises. The class follows through with a discussion as to where, and how,  we think the appraisal profession will play a role in the future.

It is important to understand how and why our appraisals reach elevated risk scores. Class participation is a must! 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

The overall course objectives are to familiarize the student to the proper role of the Supervisory and Trainee Appraiser.  Specifically providing adequate information to ensure both the Supervisory Appraiser and the Trainee Appraiser understands the qualifications and responsibilities of their respective roles.
Cost: $107.50 if registering for under 28 hours; $92.50 if registering for at least 28 hours.

Identifying Comparable Properties and Quantifying Adjustments (#1659): Approved for 7 hours C.E. in MI.  This course is designed to provide guidance in the selection of comparable sales.  The course examines the rationale in the selection of a sale as a comparable and considers:

  1. Conditions of the sale
  2. Market conditions
  3. Location characteristics
  4. Physical characteristics

The ultimate goal is to assist the appraiser in understanding the selection process and being able to defend, if necessary, the selection, or exclusion, of specific comparable sales data.  Additionally, guidance is provided in the analysis of the selected sales data to quantify necessary adjustments. Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This course is designed to help appraisers understand and sort out the areas of liability exposure, both criminal and civil, when completing an appraisal to facilitate the mortgage process. In addition to these liabilities, the penalties and possible actions through the State Licensing Entities and the secondary market will be discussed. This course is designed to help appraisers understand and sort out the areas of liability exposure, both criminal and civil, when completing an appraisal to facilitate the mortgage process. In addition to these liabilities, the penalties and possible actions through the State Licensing Entities and the secondary market will be discussed.

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

MCAT certification is a limited certification which provides individuals with a basic education in assessment administration. Individuals interested in MCAT Certification are not able to act as an assessor of records for a local unit. This course is recommended for individuals who work in an assessing office, Treasurer's or Clerk's office, elected officials who are interested in expanding their knowledge of assessing or any individual who is interested in learning more about assessing. Certification is achieved by attending a 2 ½ day course held through an approved outside organization and passing the State Tax Commision-MCAT exam with a score of 75 % or higher.

More information on the MCAT Program, as well as a list of currently offered classes, can be found on the STC website at www.michigan.gov/statetaxcommission under the Assessor Certification and Education Tab.

The purpose of this seminar is to ensure that Residential Appraisers fully comply with USPAP in a number of key areas that are often overlooked even by competent, experienced appraisers.  The results of several recent lawsuits against major lenders were influenced by the plaintiffs raising the issue of USPAP non-compliance for items that may have had little effect on value but were nonetheless non-compliant with USPAP.  Consequently, lenders are now questioning and stipulating appraisers with regard to a number of previously ignored areas.

This seminar will assist Residential Appraisers in maintaining overall USPAP compliance in a manner that will have minimal impact on productivity and result in fewer callbacks and stipulations from lenders and Appraisal Management Companies. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

The objective of this course is to re-familiarize the student with the basic appraisal principles and procedures as related to residential appraising. 

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This course studies the use of the appraisal in the secondary mortgage market. A focus on how the appraiser and the appraisal process has functioned in the past, present and the intent for the future. It studies a timeline from the inception of FNMA, mortgage-backed securities, the S & L crisis of the 1980’s/90’s through the mortgage crises of 2007-2010 and finishing with the proposals for the future to include the revised 1004-P URAR form and the bi-furcated proposal for the appraisal process concepts.

Cost: $107.50 if registering for under 28 hours; $92.50 if registering for at least 28 hours.

This appraisal class is designed for those appraisers involved with lenders preparing the appraisal for in use in the mortgage lending process, with specific attention given to the URAR Mortgage Appraisal form 1004.  The appraisal form is taken section by section discussing traditional problem areas between appraiser and underwriting to better understand myth from fact.  The goal of this course is to decrease the revisions requested by U/W saving both the appraiser and lender time in the mortgage process.  Further, to help underwriters and appraisers this course will enhance their understanding of our respective goals. 

This class will include additional discussion and updates on the current GSE/lender/appraiser climate to include regulations effecting the appraisal profession to include:

  •  The expected role the GSE’s plan to play in the coming year
  •  new and existing AMC regulation including the most recent federal oversight of the State AMC regulation
  •  FNMA recently released Collateral Underwriting and risk assessment as its impact.
  •  Discussion of the direction FNMA has taken in 2015 with regard to support for adjustments and its effect on appraisers.
  •  Update on current numbers for the FNMA exclusionary list of appraisers

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

This course provides an in depth look at the assessing process in Michigan. Major topics covered are property tax law, abatements, exemptions, the equalization process and the calculation of taxable value. The material will provide a frame-work to allow fee appraisers to evaluate and understand the assessing process and how assessed and capped values are calculated. Participants will also be exposed to the methodologies used by assessors and equalization departments to complete annual appraisal studies. The course will conclude with a detailed examination of how Taxable Value is calculated.

Cost: $150.50 if registering for under 28 hours; $129.50 if registering for at least 28 hours.

Contact Information

For information about course registration or program locations, contact NMU Continuing Education & Workforce Development at conteduc@nmu.edu or (906) 227-2103.

For questions regarding appraisal courses and course content offered in Michigan please contact Tom Gilbert, MAREA president, at (906) 428-3950 or appraiseup@gmail.com .

If you have specific licensing questions, contact the Michigan Bureau of Professional Licensing at (517) 241-9288. Click here to review your continuing education credits recorded for the current licensure cycle.