Description

New Appraisal Standards, UAD 3.6 & What REALTORS® Need to Know

The residential appraisal process is changing, and REALTORS® need to be prepared!

Join us for this 3-hour CE course that explores the residential appraisal process, with a focus on UAD 3.6, the new Uniform Residential Appraisal Report (URAR), appraisal methods, low appraisals, Reconsideration of Value (ROV), and VA Tidewater. Participants will learn communication best practices, agent responsibilities, and broker supervision strategies to manage appraisal-related challenges and risks in real estate transactions. 

Whether you're working with buyers, sellers, or managing agents, this session will provide practical information to help you confidently navigate appraisals, communicate effectively, and avoid common transaction pitfalls.

What You'll Learn

• Understanding the Appraisal Process: How appraisals work, how property values are determined, and the roles of agents, appraisers, lenders, and other professionals.
• What's Changing with UAD 3.6: A look at the new appraisal standards, reporting requirements, and what these changes mean for real estate transactions.
• Inside the New Appraisal Report: A guided walkthrough of the new URAR, including property details, comparable sales, adjustments, condition ratings, and final valuations.
• Four Property Valuation Options: Understanding Value Acceptance, Property Data Collection, Hybrid Appraisals, and Traditional Appraisals.
• When Appraisals Create Challenges: How to navigate low appraisals, Reconsideration of Value (ROV), property condition concerns, and VA Tidewater procedures.
• Protecting Your Clients & Your Business: Best practices for appraisal communication, documentation, risk management, and knowing when to involve your broker or lender.

Why Attend?

Appraisal-related issues can create unexpected challenges, delay closings, and impact your clients' transactions. This session will help you stay informed about industry changes, recognize potential problems early, and better guide your clients through the appraisal process.