AR208-OOO - Appraisal Review Report Writing Workshop

Registration

Please see the "Upcoming Classes" tab for class offerings and registration information.

Course Description

Have you taken ARM201 and ARM204 and not yet submitted your demonstration report for advancement? Do you have a working knowledge of USPAP Standard 3 and would like some new ideas to improve upon your appraisal review reports?  ASA has the program for you!

ARM208 is a hands-on appraisal review report writing workshop. Students will bring appraisal reports to class (typically not their own) that will become the work under review for their demonstration report. The relevant topics covered in ARM 201 and ARM 204 will be discussed in great detail while students critically analyze the reports under review and begin to prepare their own demonstration report. Students will share their findings and their arguments in support of their findings and they will learn to write in an objective way that does not leave the reviewer open to allegations of defamation. This class provides on-going, rich and valuable dialogue among appraisers. Students will find great value in the peer discussions coverging scope of work, ethics, competency, and logic as well as the use of the IRAC/CRAC paradigm. By the end of the class, each student will have the practical and applicable knowledge of appraisal review report writing, including most of the components needed to assemble their demonstration report for submission for advancement.

Instructional Methods

This workshop will be taught in a dialogue education style that honors the knowledge and experience of the attendees, and incorporates their professional contributions into the curriculum. Students enthusiastically report that dialogue with other appraisers in the ARM classes has resulted in some of the best appraisal education that they've ever received.

Course Audience

This is a 2-day workshop with no exam. Students should already have taken and have good knowledge of the topics covered in ARM 201 and ARM 204; however, others are welcome providing they have a good working knowledge of USPAP and Standard 3. Please note, this is NOT an ARM Principles of Valuation (POV) class.

Agenda

Day 1

• Review USPAP Standard 3: Appraisal Review
• Review the Most Common Appraisal Report Errors
• Review Due Care, Negligence and Defamation
• Review Logical Arguments
• Typical ARM report layout
• Review the IRAC / CRAC Review Paradigm 

Day2

• Compliance with the USPAP Scope of Work Rule
• Compliance with the USPAP Ethics Rule
• Compliance with the USPAP Competency Rule
• Compliance with Relevant USPAP Standards and Industry Practices
• Identify Issues of Due Care 

Learning Outcomes

Upon completion of this course, students will:

1. Gain practical and applicable knowledge of appraisal review report writing
2. Understand the components needed to assemble their demonstration report for submission for advancement.