COURSE DESCRIPTIONS
Current Approved Courses

CLASSROOM

National 7-hour USPAP (#01700901): Approved in MI, WI & CA.  Mandatory 7 hours C.E. every license cycle. According to The Appraisal Foundation, this course focuses on changes to USPAP for 2012-2013 and on appraisal issues that affect daily appraisal practices.  It is unique in that it is developed by The Appraisal Foundation with assistance from the Education Council of Appraisal Foundation Sponsors (ECAFS) and is revised on a periodic basis to stay current with the latest edition of USPAP.  This course is being conducted by an A.Q.B. Certified Instructor. 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 & WI.  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.

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.

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.

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.

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.

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.

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, $125 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.



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

What Realtors Need to Know About the Uniform Appraisal Dataset from Fannie Mae & Freddie Mac
Approved for 2 hours of C.E.  Fannie Mae, Freddie Mac, FHA and VA now require appraisers to write their appraisal reports in a manner that complies with the Uniform Appraisal Dataset, also known as the “UAD.”  These appraisal reports contain new cryptic terms, abbreviations and acronyms that may not be easily understood.  Appraisers are also required to use new condition and quality rating definitions and applications of those definitions that will make obtaining financing for some properties more difficult and others impossible through Fannie Mae, Freddie Mac, FHA or VA.

This two-hour webinar is designed to help you understand appraisal reports written in this new UAD "language" and prepare you to successfully deal with how these new reporting requirements will affect you as a REALTOR^® or real estate agent. 

Emphasis is on easy-to-follow illustrations and applications that will help you:

• Understand the rationale behind this new "loan quality initiative"
• Become familiar with the new condition ratings C1-C6 and quality ratings Q1-Q6 appraisers are required to use and apply
• Identify the link and potential issues between certain quality and condition ratings and the ability to obtain financing
• Differentiate between definitions for "updated" and "remodeled"
• Interpret and understand appraisal reports written to these new UAD requirements

Taking a proactive approach toward these new UAD requirements will help you avoid mistakes when dealing with certain property condition and quality issues, serve your clients more effectively, and close more loans smoothly.  Cost $24

Residential Design Module One – What Makes a Good House Good (#3106): Approved for 2 hours C.E. This course explains the basic elements of design and how they are applied (or misapplied) to residential architecture. This webinar deals with the reasons and rationale behind buyer motivation and demonstrates how demographic issues and market segmentation are related to what buyers want. Cost: $30

Residential Design Module Two – Structure and Style (#3107): Approved for 2 hours C.E. This course provides a historical overview of the evolution of American Residential Architecture from both a structural and stylistic perspective. There are specific events and reasons behind the development of residential design in our country. This webinar explains those events and reasons in a manner that adds depth and meaning to your understanding of why houses look the way they do. Cost: $30

Residential Design Module Three – Floor Plan Analysis (#3108): Approved for 3 hours C.E. This course concentrates on interior design. Numerous designs are used to illustrate the relationship between floor plans and today’s lifestyles. A series of class exercises will enable you to better differentiate between functional and dysfunctional floor plans in terms that relate to the expectations of different market segments. Cost: $45

First Look: The New Fannie Mae & Freddie Mac Appraisal Data Program (#3143): Approved for 2 hours C.E.  Fannie Mae and Freddie Mac are implementing a "loan quality initiative" that calls for a number of significant changes in the way appraisers will communicate and deliver their appraisal reports. This two-hour webinar is designed to give you a "heads up" on how these changes will affect your appraisal practice. Learn about the:

• Uniform Mortgage Data Program (UMDP)
• Uniform Collateral Data Portal (UCDP)
• Uniform Appraisal Dataset (UAD)
• MISMO-XML File Format

Make no mistake; if you are involved in appraisals for mortgage lending, this new lending initiative will affect you and how you report your assignment results. Take advantage of this early opportunity to begin planning for your future. Cost: $30

Inside Look: A Detailed Guide to the Uniform Appraisal Dataset (#3158): Approved for 3 hours C.E. This three-hour webinar is designed to help appraisers comply with the specific requirements of Fannie Mae and Freddie Mac's Uniform Appraisal Dataset. Attendees will:

• Review the objective of the program.
• Recognize the rationale behind standardized reporting.
• Identify specific requirements associated with the various sections of the URAR form.
• Recognize the new C1-C6 and Q1-Q6 conditions and quality rating system.
• Differentiate between definitions for "updated" and "remodeled".
• Determine if condition and quality are reported as absolute or relative issues.
• Identify acceptable and unacceptable terminology.

Emphasis is placed on examples, exercises and applications that will assist attendees in meeting the obligations of the new program in an efficient and proficient manner. Cost: $45