The American Society of Appraisers (ASA) recently announced that it will offer the Alliance for Valuation Education’s new Understanding and Using Comparable Transactions course for real property appraisers and assessors this upcoming June in both Michigan and Florida.
Based upon the Appraisal Practices Board’s “Valuation Advisory No. 4: Identifying Comparable Properties – Revised”, this new course is designed to educate appraisers on how to determine what is and is not a comparable, and incorporates several case studies for residential, commercial, and agricultural appraisers.
According to the ASA’s website, the Understanding and Using Comparable Transactions course will focus on the following 9 topics:
- Identifying comparable properties and recognizing their importance
- Examining comparable property transaction activities
- Recognizing relevant property characteristics in transactions
- Determining comparable suitability
- Disqualification of a property as a comparable
- The Reconciliation Process; Private Company Wealth
- The Implied Private Company Pricing Model
- Engagement Letters: Our Biggest Protection
- Case Law Developments
Those interested in taking this new course will have two opportunities to do so, with the first class occurring on June 9th in Flint, Michigan and the second class occurring on June 19th in Fort Lauderdale, Florida. To register for one of these classes, please visit the ASA’s website or call 800-272-8258.
It’s important to note that these classes will qualify for 7-hours of ASA continuing education credits for those that attend. In addition, Valuation Review also reported that special arrangements have been made for the Detroit Chapter class in Flint to also be approved for 7-hours of Michigan appraiser credits and 6-hours of assessor renewal credits.