The Relocation Appraisal Training Program 

 

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About the Training

This online course covers concepts and procedures in relocation appraising, provides instructions for completing the Worldwide ERC® Summary Appraisal Report, and offers report-writing techniques as well as case studies for developing the market change and forecasting adjustments.

Learning Objectives

Participants will learn how to:

  • complete the seven-page Worldwide ERC® Summary Appraisal Report;
  •  develop accurate opinions of anticipated sales price;
  • recognize how to select competing properties and comparable sales;
  • apply market change to the relocation appraisal;
  • develop the forecasting adjustment in the relocation appraisal; and more.

The objectives of each one-hour module are as follows:

A. The new program is a three-module online course that covers the following:

          Module 1: Concepts in Relocation Appraising

          Students will learn to:

    • Explain the intended use and purpose of the relocation appraisal in the context of the employee relocation process.
    • Describe the defining components of Anticipated Sales Price.
    • Distinguish between the relocation appraisal and the mortgage appraisal.
    • Identify various client directives and how they should be addressed in the appraisal report.
    • Explain the scope of the relocation appraisal.
    • Explain what assumptions should be made concerning liens and special assessments in the relocation appraisal.
    • Accurately calculate gross living area of a property for the relocation appraisal report.
    • Accurately apply the comparative ratings of “excellent,” “good,” “average,” “fair,” and “poor.”
    • Identify the types of exhibits required in a relocation appraisal report.

Module 2: The Worldwide ERC® Summary Appraisal Report: An Overview

Students will learn to:

    • Identify and record the appropriate information that should be addressed on pages 1–7 of the Worldwide ERC® Summary Appraisal Report.
    • Recognize the correlations among different sections of the report on different pages of the report.
    • Recognize how to select competing listings and comparable sales.

Module 3: Developing the Market Change and Forecasting Adjustments in the Relocation Appraisal

Students will learn to:

    • Understand normal marketing time and how it is calculated.
    • Understand and apply the market change and forecasting adjustments in the relocation appraisal.

CRP® Continuing Education Credit

Recipients holding the CRP® designation who complete the entire program will earn three (3) hours of CRP® recertification credit.

Directory Notation

Once you have completed this course, the “Relocation Appraisal Trained - 2010” notation will be added to your listings in the printed and online Directories to let clients know that you have studied the unique skills and possess the knowledge required for relocation appraisals.

Note: If you have the Relocation Appraisal Trained notation appearing with your listings already, that notation signifies that you received training for the form that was last revised in 2003.  Worldwide ERC® is no longer supporting that form, and the notation will be retired at December 31, 2011. 

Technical Details

Each of the three Modules is provided via a recorded audio/video format. You will need to complete the training using a computer with sound capability. Because the quality of sound cards in computers varies widely, we recommend using headphones with your computer when listening to this program.

Once purchased, registrant has 180 days to complete training.  It is available any time, day or night, during those 180 days.

FAQs about this Training Program