The course is approached as an Appraisal and Appraisal Review Course. In this course, we will review some USPAP needs and the appraisal of condominiums, cooperatives, and Planned Unit Developments.

Within the course forms of ownership are discussed with their differences. Presentations on conversions of other property types into condominiums are included. The discussion will address what the appraiser must identify in these situations, such as the paperwork the appraiser must review and a list of general information appraisers should know. A short demonstration is made of the letter of engagement and its importance.

Paperwork such as Bylaws, Condominium Declarations, and common rules that govern the property is presented and a discussion about the impact on value for the individual unit is had.

This class deals with the specific issues that are important to condominium, cooperative, and PUD housing appraisal. There are several appraisal problems and a case study throughout the course material. The class is designed for 7 hours of Continuing Education