|
OREA Student Licensing Requirements Handbook
Zip Code Lookup
National "Do Not Call" Registry
Kelly Blue Book
Currency Converter
Consumer Price Index
Federal Trade Commission
Library of Congress
National Reverse Mortgage Lenders Association
Small Business Administration
Southern
California Cities
 |
      
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
|
