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Analyzing the Subject Sale

Appraisers Guide to the Cal Residential Purchase Agreement

Hours: 4 CE -$75.00

OREA Approval No: 08191C100

 

USPAP Standards, the URAR-1004 Appraisal form, Lender Guidelines and sound appraisal practice all require the appraiser to analyze and report any current agreement of sale for the subject property, however, many appraisers are unfamiliar with much of the Residential Purchase Agreement. This Course is intended to familiarize the residential appraiser with the California Residential Purchase Agreement and raise the level of awareness with regard to concessions, incentives, counter-offers and the importance of analyzing a “fully executed” agreement. . Learning objectives include the ability of the student to understand the entire agreement, verify the validity of the agreement, recognize and properly analyze the effect of any financial assistance, concessions, buy-downs or incentives.  In addition to the Course Material, Appraisers will review relevant sections of the current USPAP and Advisory Opinions with regard to analyzing and reporting a current sale of the subject property.

 

LEARNING OBJECTIVES:

  • Review USPAP and other requirements to analyze Subject Sales Contract

  • Gain a general understanding of the Residential Purchase Agreement Form

  • Gain a general understanding of factors that may have affected the purchase price

  • Demonstrate ability to analyze and report subject current sales data in accordance with USPAP

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