COURSE DESCRIPTIONS
Current Approved Courses

CLASSROOM

National 7-hour USPAP (#01700901): Approved in MI, WI & CA.  Mandatory 7 hours C.E. every license cycle. This is the 2014-2015 version of the 7-hour, National USPAP update published by the Appraisal Foundation.  The course is taught by an AQB Certified USPAP instructor and will fulfill your obligation to take the National USPAP update course once per continuing education cycle.  In addition to highlighting the changes to the 2014-2015 edition of USPAP, the course clarifies a number of commonly misunderstood USPAP issues and provides practical, real-world illustrations to help you in your daily practice. Cost: $140 MAREA members, $190 non-MAREA members, workbook is included. Textbook will be available for classroom use and may be purchased with advance notice for $85.

Michigan Licensing Law Review (#01700900): Mandatory 2 hours C.E. every license cycle. 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: Free for MAREA members, $60 non-MAREA members.

Appraisal Concepts (#0315): Approved for 7 hours C.E. in MI & WI.  This course is designed to provide the student with in-depth understanding of the primary appraisal concepts, including types of value, ownership rights, neighborhood or market analysis, highest and best use, substitution, and reconciliation. Cost: $140 MAREA members, $190 non-MAREA members.

Appraisal Scenarios (#1494): Approved for 7 hours C.E. in MI & WI. This course is intended to assist the student in handling situations or scenarios that can arise in the day to day practice of the appraiser.  The situations or scenarios include:

  • Being required to testify with regards to an appraisal assignment.
  • Being asked to reconsider a value conclusion.
  • Being asked to appraise a property in which you lack competency to complete the assignment.
  • Being asked to complete an appraisal in which you have an interest or possible conflict (bias).
  • Dealing with assignment conditions such as: required assumptions, hypothetical conditions, or limiting conditions.

Cost: $140 MAREA members, $190 non-MAREA members.

Beyond the Basics: How to be "UAD Efficient" (#1528): Approved for 7 hours C.E. in MI & IN.  This course was developed for all appraisers affected by the implementation of the Uniform Appraisal Dataset and Uniform Collateral Data Portal from Fannie Mae and Freddie Mac, who wish to stay apprised of appraisal-related guideline changes and guidance provided by Fannie Mae and Freddie Mac on these topics to clarify ambiguities and further refine nuances of the UAD and UCDP. Cost: $140 MAREA members, $190 non-MAREA members.

Residential Style & Design (#1509):  Approved for 7 hours C.E.  This course is intended to benefit appraisers of various skills and experience levels.  All appraisers can benefit from an enhanced awareness of architectural style and construction design as well as keeping abreast of current market trends in housing floor plans and amenities buyers say they want.  The course manual consists of seven parts, which are a mixture of lecture, discussion and in-class illustrations.  The illustrations are meant to solicit judgment calls and effective solution processes because one answer may work well in one appraiser’s market and may not work well in another appraiser’s market.  Participation by class members is vital to the success of this seminar since more knowledge is shared from the collective experiences of the participants than from a single instructor.  Cost: $140 MAREA members, $190 non-MAREA members.

FHA/HUD 2010 Update (#1241): Approved for 7 hours C.E. This course is designed to update Appraisers on current FHA/HUD appraisal guidelines. Specific attention will be given to changes that will become effective February 15, 2010. A review of relevant Mortgagee Letters, guides and handbooks will also be presented. Property inspection standards will be examined along with a review of Handbook 4150.2 chg. 1, Rev. Appendix D. Each participant will receive a CD library containing copies of Handbook 4150.2 Chg. 1, HUD Minimum Property Standards (MPS), Minimum Property Requirements (MPR) and the latest Mortgagee Letters pertaining to residential property valuation. Cost: $140 MAREA members, $190 non-MAREA members.

Highest and Best Use Analysis (#1095):  Approved for 5 hours C.E.  This course includes discussion of market analysis and the different levels of analysis, site characteristics and market delineation.  It is also designed to familiarize the student with the proper development of an opinion of Highest and Best Use.  Cost: $100 MAREA members, $150 non-MAREA members.

Identifying Comparable Properties and Quantifying Adjustments (#1659): Approved for 7 hours C.E.  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: $140 MAREA members, $190 non-MAREA members.

Introduction to the Income Approach for Non-Residential Properties (#1315): Approved for 14 hours C.E. This course is designed to introduce or refresh the student with the basic appraisal principles and procedures as related to the income approaches for non-residential properties. Cost: $259 MAREA members, $359 non-MAREA members.

Navigating the URAR4 Family FNMA Form 1025: Approval Number: 1697 (7 Hours of CE) After all segments, the student will be able to better understand the current overall process of both the method of valuation and the mortgage underwriting concepts as they relate to the small income producing 2-4 family (form 1025).  This course is a section by section review of the URAR form 1025 and form 216 Operating Income Statement.

Report Writing (#1306) Approved for 7 hours C.E. in MI & WI. This course is designed to familiarize the appraiser with the available reporting options, the minimum requirements for each of the three options, and a basis for the proper selection for the appraisal problem to be solved. Cost: $140 MAREA members, $190 non-MAREA members.

Residential Appraisal Review (#1094): Approved for 5 hours C.E. in MI & WI.  The Course is designed to familiarize the student with the proper procedures for completing field and desk reviews of residential appraisals. Cost: $100 MAREA members, $150 non-MAREA members.

Secondary Market Update (#1230): Approved for 7 hours C.E.
This course is designed to familiarize appraisers with the roll of the secondary mortgage markets and their effect on the appraisal profession. The current and future rolls of Fannie Mae, Freddie Mac will be examined. A review of secondary market appraisal underwriting guidelines and announcements will be presented. Special attention will be given to understanding The Home Valuation Code of Conduct and its long term impact on Appraisers. Current and proposed legislation directly related to secondary market issues will also be reviewed in detail. Cost: $140 MAREA members, $190 non-MAREA members.

The Appraisal Process (#1092): Approved for 7 hours C.E. in MI & WI.
  The objective of this course is to re-familiarize the student with the basic appraisal principles and procedures as related to residential appraising.  Cost: $140 MAREA members, $190 non-MAREA members.

UAD & Other changes with Fannie Mae & Freddie Mac (#1422): Approved for 5 hours C.E. This course is designed to familiarize Appraisers with the significant changes in appraisal reporting requirements that are scheduled to take effect in 2011. Special attention will be given to the adoption and application of the Uniform Appraisal Dataset (UAD), a joint Fannie Mae & Freddie Mac initiative to improve data quality and standardize reporting between lenders, appraisers and the secondary market. A general discussion of the new UAD Appendix D and overviews of the Uniform Mortgage Data Program (UMDP) and the Uniform Collateral Data Portal (UCDP) will also be included. The impact of the Dodd – Frank “Wall Street Reform & Consumer Protection Act” on the appraisal industry will be reviewed in some detail. Cost: $100 MAREA members, $150 non-MAREA members.

Underwriting & the URAR Mortgage Appraisal (#3218): Approved for 5 hours C.E. This appraisal class is designed for those appraisers involved with lenders preparing the appraisal for in use in the mortgage lending process.  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. Cost: $100 MAREA members, $150 non-MAREA members.



WEBINAR  follow this link for complete details about NMU's webinar C.E. program.