Course Description and Outline

CPD 115: Appraisal Review

Pre-requisite: Recommend BUSI 330 or a thorough understanding of the theory and application of the three approaches to value.

These two lessons explore how to review appraisal reports for appropriateness and reasonableness, testing if the report achieved the client's purpose in a meaningful and ethical manner. The course assumes that the reader knows the theory and application of the real estate appraisal process, and has experience in completing real estate appraisals. After reading the course materials, the reader will have a good understanding of appraisal review concepts, and practical tools to assist in reviewing appraisal reports.

Course Outline

FOREWORD: Introduction to Professional Development Courses

LESSON 1: Appraisal Review Fundamentals

  • Appraisal Review Fundamentals
    • The Appraisal Reviewer’s Role
    • Purposes For Appraisal Review
    • Distinguishing Appraisal from Review
    • Co-Signing, Peer Review, and Appraisal Review
  • Appraisal Review Requirements
    • Preliminary Steps in an Appraisal Review
    • Appraisal Review Format
    • Appraisal Review Process
    • Problems with Reports
    • Appraisal Review Checklists
  • Summary

LESSON 2: Appraisal Review Case Studies

  • Attributes for Success in Appraisal Review
  • Case Study 2.1: Residential Form Report Review
    • Suggested Review Recommendations
  • Case Study 2.2: Commercial Narrative Appraisal Review
    • Review Notes
  • Case Study 2.3: Residential Narrative Report Appraisal Review
    • Review Notes and Analysis
  • Summary


  • The Final Examination

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