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2014 NAIFA National Conference Course Descriptions

Wednesday, September 17, 2014

Appraiser Regulation, Enforcement, and Oversight – 8:30am-10:30am

Presented by James Park, director of the Appraisal Subcommittee, this 2-hour course will provide the background of U.S. appraisal regulations, the ASC and its role in appraisal regulations, the Dodd-Frank Act, state compliance review results, national registry trends, and other ASC projects. 

The Appraisal Foundation: Adapting to Meet Current Challenges – 10:30am-12:30pm 

This 2-hour course, presented by Rick Baumgardner, Barry Shea, and John S. Brenan, will cover the history and roles of the Appraisal Practices Board (APB), the Appraisal Standards Board (ASB), and the Appraiser Qualifications Board (AQB), how the APB differs from the ASB and AQB, the APB’s use of Subject Matter Experts, and the ASB and AQB’s recent Q&A’s and exposure drafts.

Liability Issues for Appraisers Performing Litigation and Other Non-Lending Work – 1:30pm-5:30pm

The first hour of this 4-hour course will be presented by Fannie Mae’s Robert Murphy and will highlight Fannie Mae’s updated "Property and Appraisal Requirements,” their Appraiser Quality Monitoring (AQM) process, and the Uniform Appraisal Dataset (UAD). The remaining three hours will be presented by LIA’s General Counsel Peter Christensen, who will present a general overview of the claims brought against appraisers and use real court cases as examples of both sloppy appraisal work and honest mistakes that led these claims.

Thursday, September 18, 2014

 Defining Market Value and How to Adjust for Concessions – 8:30am-12:30pm

"Market Value” is defined in Federal law and every appraiser must provide lending appraisals that conform to this law/definition or face criminal prosecution. This class will walk the appraiser through the definition then expand and show the student how they can properly adjust for concessions.

Top 25 Questions Asked of Appraisers and How They Should Answer – 1:30pm -5:30pm

This class will explain the top 25 questions asked of appraisers and, even more importantly, how to correctly answer. Appraisers receive all sorts of strange requests from their lender/AMC clients. While many of the questions are odd, knowing how to answer is critical for the appraiser. The right answer can help the client as well as reducing the legal exposure of the appraiser.

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National Association of Independent Fee Appraisers - 330 North Wabash Avenue, Suite 2000, Chicago, IL 60611

Phone: 312-321-6830 Fax: 312-673-6652 Email: