This class addresses areas where appraisers often make mistakes. The biggest component of the class is square footage with a focus on the challenging areas of measuring a house and on areas where appraiser most often make mistakes. Reference will be made to the NC Real Estate Commission’s “Yellow Book” and to the ANSI Method for Calculating Square Footage. The remainder of the class will focus on other essential topics for today’s appraiser such as sequence of adjustments, depreciations, abstraction, using the age-life method, and finding and using a gross rent multiplier.
This class is approved by the NC Appraisal Board for 7 hours of CE credit