Agents are from Mars, Appraisers are from Venus
4 Hour CE
Realtor Edition
$39.95
Approved for 4 hours of continuing education in TN and TX.
Licensed by Agent eLearning LLC:
TN Provider #: 1754
TN Course Approval #: 120102
TX Provider #: 10444
TX Course Approval #: 39821
Course Description
This course was created to provide a broad overview of the differences between agents and appraisers, and what they need to know about each other. The better we understand each other, the better we can serve our clients. You’ll learn and laugh at some of the common misconceptions throughout the industry. Although agents and appraisers work in the same industry, they often speak different languages. Take a look at each perspective and discover how we have more in common than you might think. At the end of the day, agents and appraisers depend on each other to survive, and this class will help you work more efficiently with each other. A class unlike any other, written by a veteran appraiser who was an agent for ten years first. Valuation is always partially based on opinion and opinions drive real estate pricing throughout our industry. The selection of “comparable sales” seems to be our biggest difference and we’ll examine more about this vital topic. Learn how agents view appraisers and see what appraisers say about agents. At the end of the day, this class will help agents and appraisers work better together.
Course Goal
The purpose of this course is help agents and appraisers work better together so they may better serve their clients. Specifically, this course will cover examples related to: knowing the steps to take after news of a low appraisal; understanding the importance of keeping a work file; understanding the appropriate use of AVM’s; and understanding the importance of reporting complete information to MLS about closed sales.
Course Objectives
- Discover and understand how agents and appraisers “see” one another and the many misconceptions that exist between their perspectives
- Analyze common “job descriptions” for agents compared to appraisers
- Determine the two most common causes of pricing problems
- Identify what makes a comp a comp, as seen through the eyes of agents and appraisers
- Learn the fundamentals of pricing real estate and creating opinions of value and discover how agents’ and appraisers’ perspectives differ
- Discover how, by working together, agents and appraisers can strengthen consumer protection and better protect the public trust in real estate and appraisal practices
- Examine the tax department’s role in the real estate valuation process
- Identify and understand the dangers of Big Data
- Discover how the “quality” of the MLS (data) directly impacts the “quality” of all appraisals
- Disprove the so-called “Appraiser Shortage” and learn why appraisers will always be necessary for obtaining the fair market value of a property
- Investigate what Automated Valuation Models “do” and “do not do”
- Explore the potential for errors present in AVMs and the growing reliance on these services by the public, lenders, and government services
- Illustrate changes in the mortgage industry and new reliance on automated valuations
Course Reviews
See what students are saying
Course Author / Instructor
Hamp Thomas
Hamp Thomas – Certified Residential Appraiser, CDEI, ABR, GRI, MNAA, PSA, Realtor®
Working as a broker for ten years before earning his appraisal license, Hamp gained a unique perspective on the topic of square footage. Specifically, he learned how agents and appraisers view square footage and its influence on the entire home valuation process.
Hamp Thomas is the president of Carolina Appraisers & Real Estate. He is also the founder and president of The Institute of Housing Technologies, LLC, a real estate training and communications company concentrated on residential square footage and the real estate information network. Hamp wrote and developed the HMS® (Home Measurement Specialist) Certification program, which provides advanced training and education on residential square footage and the home valuation process.
Published Books:
The American Measurement Standard
How to Measure a House
Size Matters – Residential Square Footage
Understanding the ANSI Measurement Standard
Low Appraisals – The New Real Estate Crisis
The Professional’s Dictionary of Real Estate Terms
Real Estate Appraisal – Death of an Industry
Inside the New Appraisal Process: Mortgage Broker Edition
