AR201 - Appraisal Review & Management Overview & Development
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Description
This course focuses on the overview and development of an appraisal review report and features an in depth understanding of the Uniform Standards of Professional Appraisal Practice (USPAP) that governs the appraisal review and management profession.
This course compares, contrasts, interprets, and explains the development of valuation review practices, discusses case illustrations, and the application of appraisal review standards. This course covers narrative appraisal review report writing as an argument, including a professional review report paradigm, and also incorporates discussion about appraisal review report examples. Participants will explore the scope of work for an appraisal review assignment to conclude credible assignment results, reviewer competency, and ethics. Other accepted appraisal standards are also presented and discussed. Students successfully completing this course will be able to advance to additional ARM POV courses.
Instructional Methods
AR201 immerces participants in the learning process with a discussion-based curriculum that includes group involvement and asynchronous learning with limited lecture. This course offers appraisal review methodology and standard of care practices by utilizing redacted reports from all appraisal disciplines.
Learning Level
Fundamental
Continuing Education and Contact Hours
32 Hours of CE are provided upon completion of the course (including exam hours).
Additional Information
ASA-accredited members (AM, ASA, FASA) who would like to attend this class will receive a 50% discount. This discount will be automatically applied at checkout.
Important Class Information
This class will be taught virtually by an instructor over the course of three days with an online exam scheduled on the fourth day. Students will meet virtually online and are required to synchronously participate in a combination of lecture, discussion and classroom exercises via an online platform. The final exam is multiple choice and securely administered online and remotely proctored. Additional final exam instructions are provided closer to the live class.
Class Registration Includes
One registrant log-in to the live sessions via your ASA dashboard.
Downloadable course materials to include a Student Manual and any additional handouts i.e. administrative/exam guidance, if applicable. All course materials are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. Once eMaterials have been distributed, courses are no longer refundable.
Course Requirements
Students must bring a laptop to class and two (2) redacted reports for review are necessary for the course activities.
Prerequisites
Professionals seeking the Accredited Member (AM) or Accredited Senior Appraiser (ASA) designation in Appraisal Review & Management:
AR201 is the introductory Principle of Valuation (POV) course in the four (4) course POV series and must be successfully completed before taking any other ARM POV courses. After successfully completing the AR201 course, AR202- AR204 may be taken in any order.
Current ASA credential holders who wish to additionally accredit with another ASA in Appraisal Review & Management:
AR201 is the first of two (2) required courses, AR201 and AR204, and must be successfully completed prior to taking AR204.
Non-appraisal professionals seeking the ARM Certificate of Completion:
AR201 is the first of two (2) required courses, AR201 and AR204, and must be successfully completed prior to taking AR204.
Professionals only taking ARM POV classes for continuing education purposes (not for a designation, additional designation, or certification of completion):
ARM POV courses may be taken in any order. You will need to call ASA Headquarters at 800-272-8258 to register over the phone in order to bypass online prerequisite screening.
Course Requirements
Participants must purchase and have available in class the current edition of USPAP and one (1) redacted appraisal report authored by another appraiser in their discipline.
Barry Shea
Barry Shea, ASA, IFA, ARM has been appraising real property since 1987 and has held the IFA designation from the former NAIFA (now part of ASA) since 1997. In 2018, he was awarded the Accredited Senior Appraiser designation by the American Society of Appraisers (ASA) and in 2020, ASA awarded him the Appraisal Review and Management (ARM) designation. He has previously served as a Regional Governor for the New England states for NAIFA, president of NAIFA's New Hampshire Chapter and as a National Director. In addition, Shea is the past chair of the association’s Regulatory Issues Task Force. He was the NAIFA member representative to the Educational Council of Appraisal Foundation Sponsors (ECAFS) for 2001 through 2004. He served as the NAIFA representative to The Appraisal Foundation Advisory Council (TAFAC) from 2001 through 2008 and was the 2005 chair of that council. From 2009 through 2016 he served as a member of the Appraisal Standards Board of the Appraisal Foundation including three years as the Board’s chair. Currently, Shea serves as The Appraisal Foundation’s trustee for the International Ethics Standards Coalition (IESC) and is currently chair of the Coalition. Shea is also an affiliate member of the Lakes Region Board of REALTORS. He has also been an AQB Certified USPAP Instructor since 2002 and has served as an instructor for that program’s Instructor Certification Course several times since 2009.
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