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 an informative Brunch & Learn designed to help real estate professionals better understand the appraisal process, navigate appraisal-related challenges, and prepare for the transition to UAD 3.6 and the new Uniform Residential Appraisal Report (URAR).

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.

Come hungry, bring your questions, and leave with practical knowledge you can put to work in your next transaction!

Please Note: This is an educational Brunch & Learn session. Continuing Education (CE) credit is not currently offered for this event.