Description

Course Summary — RE26R20: The Residential Appraisal Process for Non-Appraisers What it is: A professional continuing education class designed for real estate licensees who are not certified appraisers but want a deeper, practical understanding of how residential appraisals work in real-world transactions. 

Why it matters: Appraisals play a central role in financing, pricing, negotiations, and managing risk in residential real estate. This course helps agents collaborate effectively with appraisers, interpret appraisal reports, and guide clients more confidently through valuation-related issues. 

What You’ll Learn 

1. Fundamentals of the Appraisal Process Purpose and objectives of residential appraisals How appraisers determine market value Key steps from assignment to final report 

2. Appraisal Components & Influences What factors most affect value How comparables, condition, location, and property characteristics are evaluated How appraisal reports are structured and interpreted 

3. Practical Issues for Agents How agents can effectively participate in the appraisal process Understanding concessions and reporting (e.g., rate buy-downs) ANSI measurement and liability when reporting gross living area (GLA) Surplus vs. excess land, legal use, and self-sufficiency (especially for multi-units) 

4. What documentation appraisers need for condos and green certifications 

How This Helps Your Business 

• Improve pricing strategies and client counseling 
• Reduce surprises in financing and underwriting 
• Strengthen credibility with lenders, appraisers, and clients 

CE Credit & Audience 

• Earn 2 Massachusetts real estate continuing education credits 
• Ideal for agents, brokers, and industry professionals who want stronger appraisal literacy without becoming licensed appraisers

Link to Full Outline