Applying Appraisal Standards for Competent Valuations

7 Hour Distance CE offered by OREP Education Network
Instructor: Timothy C. Andersen, MAI, MNAA, MSc, CDEI
Video-based online coursework (take the course online at your convenience).

$126
*OREP Members – $0

Course Description

Uncover nine different biases found in a real estate appraisal, define these biases, view samples of these biases, and become familiar with ways to avoid them. 

Upon completion, students should clearly recognize that real estate appraisals and appraisal reporting periods must remain unbiased and objective.

Biases Covered in this CE Course:

• Cognitive Bias
• Confirmation Bias – MLS and Other Sources
• Selection Bias
• The Dunning-Kruger Effect as a Cognitive Bias
• Purchase and Sales Price Bias
• Anchoring Bias
• Calibration or Measurement Bias
• Price Adjustment Bias
• Racial Bias
  
  Core Competencies:

1. Overview of Bias in Real Estate Appraisal
2. Introduction to the Types of Biases in Real Estate Appraisal
3. Understanding These Biases
4. Recognizing and Overcoming These Biases
5. How USPAP helps Appraisers Avoid/Overcome Bias in both Appraising and Reporting 
6. The 14-points of USPAP and how these relate to Bias
7. Developing the Appraisal in compliance with Standards 1 and reporting it in compliance with Standards 2
8. Overview and Conclusions – Bonus Q&A Session with the Instructor and OREP Insurance Senior Broker, Isaac Peck

Follow these fast enrollment instructions:
1. Click the approved state below.
2. Add the course to your shopping cart.
3. Checkout with the secure payment processor.
4. Follow enrollment instructions in the email you receive after you complete your transaction.

State Name	Approval number
Alabama	C03043
Arizona	Course Number: 234
Arkansas	OR008
California	Approval #: 2410521012
Connecticut	AAL.001292
Delaware	REA-AC-091724-098851
Idaho	Course ID: 1348656
Kentucky	Approved by KREAB
Louisiana	A0009
Maryland	Approved by the MD Commission of Real Estate Appraisers
Massachusetts	Approval # 1370008
Michigan	20-1244546
Minnesota	Course ID: 1038930
Mississippi	MAB #50633
Missouri	Approved by MO Real Estate Appraisers Commission
Nevada	CE.0009879-A
New Jersey	2024-201
North Carolina	Course 4679
Ohio	947400809A 24
Oklahoma	Course 908
Oregon	OREP-C-0924-0019
Pennsylvania	Approve by the PA Appraisal Board
South Carolina	Course Code: 2234
Tennessee	2827
Texas	Course Number: 50506
Utah	AC240902
Virginia	Approved by Virginia Department of Professional and Occupational Regulation
Washington	A24023923