NAR_grey_logo-01

CE Course Available: ABC’s of the Appraisal Business

The new “ABC’s of the Appraisal Business” is designed to inform students of changes occurring in the appraisal industry that are impacting their day to day business.  Recent events have created a generational change in the appraisal industry.  These events include the sub-prime mortgage meltdown, the collapse of financial markets, the transformation of the banking business and the impact all of these events have on the day to day appraisal business.

The seminar starts with a background of the appraisal business and brief history of the real estate industry to help students understand the appraiser’s role today.  This includes the development of the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, and their impact on the appraisal business.  The Home Valuation Code of Conduct (HVCC) is discussed in great detail so that students will know exactly what the HVCC is and is not.  Many of the facts and myths of the agreement are discussed in the class.  The session includes an in-depth conversation on Appraisal Management Companies (AMC).  The attributes of good AMC’s and not so good AMC’s are covered as well as suggestions the students might want to consider as they deal with AMC’s. There is also a discussion of legislation that is being proposed that would include the regulation of AMC’s.  Finally, the class will learn about recent appraisal-related developments at the National Association of Realtors (NAR) and the Appraisal Foundation.

The course is made available by Joseph C. Traynor, President of Traynor & Associates.  Mr. Traynor is a licensed and certified residential appraiser in Indiana.  Mr. Traynor has taught real estate and appraisal courses for the Metropolitan Indianapolis Board of Realtors (MIBOR), the Indiana Association of Realtors, the Fountain Warren County Board of Realtors and the Real Estate Careers Institute.  Mr. Traynor has also taught for the Wisconsin Association of Realtors, The Indiana Bar Association and the National Association of Realtors (NAR).  Mr. Traynor is a member of the NAR and served as the 2003 Appraisal Chair.  Mr. Traynor is also the 2010 vice chair of the Appraisal Foundation

Organizations interested in offering this training should contact Mr. Traynor at 317.813.4990 or joe@traynorassociates.com.

Comments
  1. Dionne Harnish

    Is this course eligible for Florida CE?

  2. Appraiser

    The only “active” appraisers that I know are busy teaching courses to new recruits. That’s where the money is. God only knows there is no money to be made in actually doing appraisal work. Six months from now we should have a fresh crop of newbys ready to do AMC work. Just in time to replace last year’s newbys who went broke doing so.

  3. Will this cover the destruction of the appraisal business by NAR for supporting appraisers as valuation experts so under trained agents can do BPOs in lieu of appraisals?

    Just asking…..

  4. Woody, you’d think that NAR would at least explain to the appraisers who are also NAR members exactly why they think we don’t know more about valuation of properties in accordance with professional standards than the average on-the-street real estate agent who hasn’t had any professional appraisal training. Of course, this business is being destroyed by a lot more factions than NAR, but you’d think that by being a member of NAR, you’d get just a little more respect.

  5. suggestion: teach cap. rates first so that prospects can quicly learn that they cannot make an honest living appraising. Sorry, but it us true- there is no money left in the occupation unless you are a manager at an amc. Lenders control the amcs that control the workflow. You could seriously be a Dr. in the time it takes you to be CR- think about it. Not being funny, you can be a manager of a McDonalds in less time and make serious money.

  6. Lisa

    This seems like it is being promoted as a CE class for realtors in NJ…I was under the impression that the criteria for these classes was still in the works and the credits are not available yet as …From what I have read it goes into effect 2011 ,….so whats the story with the credits for this class being promoted on the NAR site? dosent make any sense.

ADD YOUR COMMENT