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Appraisal Review: Sales Comparison and Cost Approaches
Managing the Commercial Real Estate Appraisal Function
ABA/Appraisal Institute Telephone Briefing Series*
Bank examiners and regulatory agencies are scrutinizing commercial real estate appraisal management procedures now more than ever before. Examiners continue to review the independence of appraisal functions but also appraisal procurement and review processes by banks. Further, market conditions are exposing financial institutions to new risks that effective risk management practices can mitigate and, at the same time, as strong collateral valuation policies and practices can help banks weather the ups and downs of the real estate market.
In this recording of the live, joint ABA/Appraisal Institute presentation held on January 13th, both bankers and appraisers will examine the important role of appraisal review, focusing specifically on the sales comparison and cost approaches. Participants will be presented with the key concepts involved in reviewing appraisal reports that contain either approach. Appraisers will learn how they can provide value-added services to their bank clients.
| Program Date |
Audio Recording Now Available |
| Per CD Fees** |
$255 ABA/AI Member/Service Member • $385 Non-Member |
| Registration |
Not Applicable |
| Audio CD |
Order online (PDF) |
| Credits |
The recording of this program has been approved for 2.5 CRCM and 2.5 CLBB continuing education credits. |
Topics to be addressed
Order and review appraisals within their bank
Interpret a commercial appraisal report containing sales comparison & cost approaches
Recognize the usefulness and the rationale of the sales comparison approach
Determine how to derive and make adjustments to the appraisal
Identify the strengths and weaknesses of the sales comparison and cost approaches
Clarify the applicability of the two approaches to which type of property
Be familiar with the type of data and analysis that is important to banks
Order liquidation or disposition value
Recognize the usefulness of the cost approach
Identify the steps used in this approach
Take notice of appraisal review issues and red flags.
Speakers
- Robert Seiwert, Senior Vice President, Center for Commercial Lending and Business Banking, American Bankers Association, Washington, DC (moderator)
- Nikki Griffith, MAI, Sandollar Realty Advisors, Kennewick, WA
- George Mann, MAI, SRA, Collateral Evaluation Services, Inc., Cincinnati, OH
Upcoming Topic:
Who Should Attend
- Real Estate Appraisers
- Bank Staff Appraisers
- Commercial Lenders
- Relationship Managers
- Chief Lending Officers
- Loan Review Officers
- Credit Officers
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- Credit Analysts
- Compliance Managers
- Auditors
- Bank Counsel
- Senior Bank Managers
- Credit Policy Officers
- Credit Risk Manager
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*ABA's Telephone Briefings include reference materials and telephone audio. Telephone/Webcast Briefings include reference materials, telephone audio, and simultaneous webcast presentation (requires 56K or faster with JavaScript and cookies enabled in the browser, i.e., Microsoft Internet Explorer 4.0 or later, or Netscape 4.7X).
**Each site license (registration fee) entitles you to one phone connection and one Internet connection (when there is a simultaneous webcast presentation) where an unlimited number of listeners can participate.
Any transmission, retransmission or republishing of the audio or Web portions of this briefing is strictly prohibited.
Questions? Please contact Joe Mach / Linda Shepard / Cari Hearn for more information.
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