May 10, 2023 @ 9:15 am – 4:15 pm
AWA Community Room
509 Centennial Blvd
$175 member/$195 non-member
  • Instructor: R. Scott Hartman, SRA
  • Check in at 9 AM
  • Class begins at 9:15 AM
  • Lunch will be included.


Appraising rural properties can be challenging. A lack of comparable sales, uniqueness of homes, time between sales, and an expansive geography are factors appraisers must consider. This often means more time, research, and justification to determine an acceptable value for a property. To make this task less daunting, Freddie Mac identified common pain points and misconceptions among appraisers and lenders regarding collateral guidelines for rural properties. With the Appraisal Institute, they have developed a comprehensive rural appraisal training for practicing residential appraisers.

This 7-hour seminar addresses eligible and ineligible property qualifications; price ceiling limitations in rural markets; how urban development, farm productivity, and conversion to residential uses affect land prices; highest and best use problems in rural residential appraisals; how the Freddie Mac Appraisal Guidelines relate to rural appraisals; how to extract and support adjustments in rural residential appraisals; how to support deductions for unusual designs or functional problems; and how to use regression analysis to support a conclusion regarding highest and best use. An integrated case study reinforces the concepts presented. Objectives: 

  • Describe issues lenders have when defining rural markets and the eligibility of properties that secure loans to be purchased by Freddie Mac. 
  • Identify the issues regarding defining rural, suburban, and urban neighborhoods. 
  • Describe geographic and demographic issues in rural appraisals. 
  • Demonstrate issues of highest and best use analysis in rural appraisals. 
  • List & describe Freddie Mac Guidelines in sect.5601 of the Freddie Mac Single Family Seller/Servicer Guide. 
  • Review methodologies for extracting and supporting adjustment rates for comparable sales. 

Seminar Materials Include:

  • Seminar Handbook (305 pp.)
  • Participant Case Study and Solutions Booklet (188 pp.)
  • Pre-Class Downloads (116 KB)
  • Pre-Class Assignment: Case Study Appendix (127 pp.)
  • Pre-Class Memo (1 p.)
  • Opt Out Form (1 p.)
IMPORTANT! You may want to consider ordering print materials for this seminar, or simply print all materials on your own and bring them to class. Having print copies of the materials will enhance the learning experience for this seminar.

Additional Information

Registration fees do not include printed materials.

When you register, either choose to download the materials or have them shipped directly to you. (Not applicable for the Regs classes.) Make sure you have downloaded class materials PRIOR to class. If you order (and ship) printed materials to you, make sure they arrive 1 week prior to class. Contact the national office if there are any issues at least one week before class.

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 the registration portal.

For zoom classes: A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering prior to the offering start date. 

Cancellation Fee: $10 cancellation fee up to 7 days prior to class; no refunds after that date.

National Disclaimer

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.

Questions? Need help enrolling?

This program is made possible through collaboration with Freddie Mac.