107 Gilbreth Parkway
Mullica Hill (Part of Rowan University)
- 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 firstname.lastname@example.org 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.