The Southern New Jersey Chapter Welcomes You

As the leading organization for professional real estate appraisers, the Appraisal Institute represents over 18,000 professionals in nearly 50 countries. The Southern New Jersey Chapter has over 150 members. We are the home to appraising professionals in the following counties: Burlington, Camden, Gloucester, Salem, Atlantic, Cumberland, Cape May, Monmouth, Mercer and Ocean.  Our members perform a variety of services ranging from single family valuation to feasibility studies for regional malls and hotel-casinos. Whether it’s assistance on a home purchase or providing expert testimony for litigation, Appraisal Institute members are uniquely qualified to meet these needs.

 

Agenda
Agenda
March – May 2020 Mar – May 2020
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Mar
16
Mon
2020
7Hr. Nat’l USPAP Update @ SJ Technology Park, Room 247 (upstairs)
Tickets
Mar 16 @ 8:00 am – 4:00 pm
  • Registration 8am; Class 8:30am
  • Includes morning snack & light lunch
  • Instructor: Frank O’Neill, Jr., SRA

NOTE: An appraiser must successfully complete the 7-hour USPAP Update Course every two years to meet the USPAP CE requirement.

Course price does not include a copy of the current USPAP edition, which is required for course credit (2020-2021 edition).  Attendees must bring their own copy of the current USPAP edition to class.  To purchase a copy, visit The Appraisal Foundation:  www.appraisalfoundation.org.

 

 

ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM. When you register, either choose to download the materials or have them shipped directly to you.

Register for any class must be done 7 days prior; email lisamayweiss@hotmail.com or call 856-415-0281 for availability after.  Any & all cancellations are subject to an admin fee.  No credit/refunds for cancellations made on or after 7 days prior to class.  No credit/refunds for no-shows.  Our cancellation policy is stated on your confirmation email.

Directions to the facility will be emailed.

Click here for the Spring Education Calendar.

Read more
Categories: Education
Mar
19
Thu
2020
Business Practices & Ethics (6 CE hrs) @ SJ Technology Park, Room 246 (upstairs)
Tickets
Mar 19 @ 8:00 am – 4:00 pm
  • Registration 8am; Class 8:30am
  • Includes morning snack & light lunch
  • Instructor: Mary Fox, MAI

Business Practices and Ethics is an important course that provides information about standards and ethics requirements for valuers in general and, more specifically, for valuers who belong to the Appraisal Institute. Through discussion questions and examples, the class compares behavior and actions that illustrate violations of the Code of Professional Ethics, and participants learn how referrals can be made. Participants are also introduced to the Appraisal Institute Guide Notes to the Standards of Professional Practice and use these Guide Notes to resolve everyday appraisal practice problems. At the end of the course, they learn about common errors in appraisal reports and review reports, and they respond to questions about challenges that arise in appraisal practice such as requests for updates and requests to change or add intended users. These are common business practice issues that appraisers encounter in various assignments, including mortgage lending, litigation, and property tax appeal. Other real-life scenarios in the course illustrate less common business practice issues such as an appraiser’s obligation when illegal or criminal behavior is observed.

 

 

ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM. When you register, either choose to download the materials or have them shipped directly to you.

Register for any class must be done 7 days prior; email lisamayweiss@hotmail.com or call 856-415-0281 for availability after.  Any & all cancellations are subject to an admin fee.  No credit/refunds for cancellations made on or after 7 days prior to class.  No credit/refunds for no-shows.  Our cancellation policy is stated on your confirmation email.

Directions to the facility will be emailed.

Click here for the Spring Education Calendar.

Read more
Categories: Education
Apr
27
Mon
2020
Review Theory – Residential (15-17 CE hrs) @ SJ Technology Park, Room 246 (upstairs)
Tickets
Apr 27 – Apr 29 all-day

Daily Schedule

  • Monday, April 27th    8:00 am registration, 8:30 am – 4:30 pm class  (1 hour lunch)
  • Tuesday, April 28th   8:00 am – 5:00 pm class  (45 min lunch, includes instructor review)
  • Wednesday, April 29th     9:00 am exam (not required for CE, only for designation)

Includes morning snack & light lunch

Instructor: Joseph Magdziarz, MAI, SRA, AI-GRS, AI-RRS

 

 

Review Theory—Residential is the fundamental review course that all reviewers of residential appraisals and reviews should have in their educational background. It is a required course for individuals pursuing the Appraisal Institute Residential Review Designation (AI-RRS, Appraisal Institute Residential Review Specialist).

At the core of this course is the review process. Participants explore the seven steps in the process as they apply to reviews of residential work including, but not limited to, those subject to GSE requirements. To be a reviewer, an appraiser must learn how to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness to develop reconciled opinions of appropriateness and credibility.

The material addresses how requirements of the review process compare with those of the Fannie Mae Form 2000/Freddie Mac Form 1032, One-Unit Residential Review Form, as well as other GSE documents such as the Fannie Mae Selling Guide. Other topics include complex or challenging residential review assignments such as those involving limited data, nonconforming properties, less common ownership types, or unusual properties such as geodesic domes and hobby farms. By taking this course, participants will gain invaluable confidence in the fundamentals of review.

NOTE: Students pursuing the AI-RRS designation must attend all 3 days and successfully pass the exam. Students who are not pursuing the designation but seeking 15 hours of CE credit are not required to attend on Wednesday.

 

 

ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM. When you register, either choose to download the materials or have them shipped directly to you.

Register for any class must be done 7 days prior; email lisamayweiss@hotmail.com or call 856-415-0281 for availability after.  Any & all cancellations are subject to an admin fee.  No credit/refunds for cancellations made on or after 7 days prior to class.  No credit/refunds for no-shows.  Our cancellation policy is stated on your confirmation email.

Directions to the facility will be emailed.

Click here for the Spring Education Calendar.

Read more
Categories: Education
May
13
Wed
2020
Appraisal of Manufactured Homes Featuring Next-Generation Manufactured Homes @ SJ Technology Park, Room 247 (upstairs),
Tickets
May 13 @ 8:00 am – 4:30 pm

8.5 CE hrs (including 1 hr exam)            

  • Registration 8am; Class 8:30am
  • Includes morning snack & light lunch
  • Instructor: Edward Molinari, SRA, AI-RRS

This new 7.5-hour course, developed in collaboration with Freddie Mac, provides an in-depth look into preparing appraisals for traditional manufactured homes plus insight into CHOICEHomeSM—the new type of high-quality manufactured homes that are built to HUD code but developed with site-built features. You’ll learn how to meet the specific requirements of Freddie Mac, the Federal Housing Authority (FHA), Veteran’s Administration (VA), United States Department of Agriculture (USDA), and Fannie Mae using a new, ground-breaking tool—the Manufactured Home Quality Rating Worksheet, which is consistent with the Marshall & Swift®—CoreLogic Residential Cost Handbook and the Uniform Appraisal Dataset (UAD).  The course begins with a thorough review of existing manufactured housing products then delves into CHOICEHomeSM, a new accessible, affordable addition to America’s housing stock. To apply elementary and complex techniques used in the cost and the sales comparison approaches, you’ll work through a case study of these homes to develop a credible appraisal report.  Objectives:

  • Identify the multiple types of factory-built housing including manufactured home, Next Generation manufactured home, modular home, and panelized home.
  • Recognize the distinctive construction qualities of manufactured homes and how they differ from site-built homes.
  • Understand the specific secondary market appraisal requirements of Freddie Mac, FHA, USDA, VA, and Fannie Mae.
  • Understand proper data collection techniques for manufactured housing.
  • Develop an overall quality rating for manufactured homes using the Manufactured Home Quality Rating Worksheet.
  • Report accurate results of a manufactured housing appraisal on a Freddie Mac Form 70B (FNMA form 1004C).
  • Develop the cost approach for both a manufactured home and a Next Generation manufactured home using the Marshall & Swift®—CoreLogic Residential Cost Handbook.
  • Use the sales comparison approach for a manufactured home appraisal and apply new techniques when appraising a Next Generation manufactured home.

 

ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM. When you register, either choose to download the materials or have them shipped directly to you.

Register for any class must be done 7 days prior; email lisamayweiss@hotmail.com or call 856-415-0281 for availability after.  Any & all cancellations are subject to an admin fee.  No credit/refunds for cancellations made on or after 7 days prior to class.  No credit/refunds for no-shows.  Our cancellation policy is stated on your confirmation email.

Directions to the facility will be emailed.

Click here for the Spring Education Calendar.

Read more
Categories: Education
March – May 2020 Mar – May 2020