If you are looking for an FHA seminar that offers a thorough perspective and the most current information, FHA Appraising for Valuation Professionals: FHA Single Family Housing Appraisal Requirements is for you! This seminar will help you develop an understanding of the FHA Handbook 4000.1 and the accompanying Appraisal Report and Data Delivery Guide. These two documents provide all of FHA's guidance and requirements when completing an appraisal for a mortgage involving FHA insurance. While many of the requirements are specific to appraisals for FHA insured mortgages, the concepts and guidance are applicable to most if not all residential appraisal assignments.

Still not convinced you need this seminar?
ARE YOU AWARE that clarifying guidance was offered to the Appraisal Institute by the Home Valuation Policy Division of HUD-FHA after the 4000.1 Handbook became effective on September 14, 2015? (This includes guidance on hot topic areas like appliances, sump pumps, crawlspace and attics, and roofing, among others.)

DO YOU KNOW that the 3 year rule for analysis of prior transfers/sales of the comps was changed by FHA after the initial release of the 4000.1 Handbook back to the existing 1 year rule? Do you know why FHA made the change and if/when they may again implement the 3 year rule for the comps?

DO YOU KNOW the four conditions observed during the course of an FHA inspection of the subject that require the appraiser to STOP WORK and contact the client immediately?

DO YOU KNOW how/where the FHA clarifies in the 4000.1 Handbook that the appraiser is not expected to be a home inspector? Along those lines, do you know the observed conditions that require an FHA roster appraiser to call for an inspection by a qualified individual or entity?

If a lending client asked you to do something contrary to FHA appraisal policy, CAN YOU SHOW them in Handbook 4000.1 why they are mistaken and you are correct?

DO YOU KNOW the difference between  FHA's Minimum Property Standards and Minimum Property Requirements?

DO YOU KNOW that FHA requires competency in their policies prior to accepting an FHA case file?

Upon completion of this seminar, participants should be able to:
Understand general property eligibility and acceptability criteria for properties used as collateral for an FHA-insured mortgage.
Identify the type and extent of observation that is required to be included in the scope of work for an appraisal assignment that is intended to be used in an FHA mortgage insurance decision.

Identify the type and extent of analysis that is required to be included in the scope of work for an appraisal assignment that is intended to be used in an FHA mortgage insurance decision.
Understand the reporting requirements for an appraisal that is to be used by a lender to make a decision on a property's eligibility for an FHA-insured mortgage.

AI CE Credit for Designated Members and Practicing Affiliates
Attend Only = 35 points
STATE APPROVALS:
Appraisal CE - 7 Hrs. approved in MN,ND,SD, IA, WI
Real Estate CE - 7 Hrs. approved for MN real estate continuing education credits
Assessor CE - applied for

Minneapolis Area Association of REALTORS Office
Minneapolis Area Association of REALTORS Office
5750 Lincoln Drive
Edina, MN 55436

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