Select Your State: – The Columbia Institute

Select Your State: – The Columbia Institute.

Register Now!     On September 2, 2020 Fannie Mae updated the Selling Guide on appraising properties with Accessory Dwelling Units (ADU).  Read more>>     Appraisers beware... Changes in state and local zoning regulation are taking place around the country to address affordable housing and looming shortages in more densely populated areas. These changes in law are having tremendous impacts on the highest and best use of properties in these neighborhoods. Appraiser's need to be aware of and understand the implications these zoning changes are having on the valuation process and ensure competent completion of appraisal assignment in these markets.    For instance, on June 1, 2020 Minnesota Department of Commerce sent a reminder Notice of New Zoning Laws to appraisers and appraisal management companies about new zoning laws that went into effect in the City of Minneapolis on January 1, 2020. Since the enactment, the Minnesota Department of Commerce has reviewed 135 appraisal reports of Minneapolis properties. Of the 135 appraisals...   Only 117 had the correct Specific Zoning Classification  Only 15 included the correct Zoning Description Only three had a Highest and Best Use analysis that conformed to USPAP Zero had data in the workfile to support the highest and best use analysis or conclusion.  Let this be a cautionary tale and avoid these same pitfalls by getting the education and training you need to complete these assignments competently. The Columbia Institute's brand new course ADU: Changing Regulations & Valuation Challenges is a great place to start!   Accessory Dwelling Units: Regulations & Valuation Challenges, No. 823 Nov. 17, 2020 - 8am - 11am CST Dec. 2, 2020 - 8am - 11am PST Instructor:  Kevin Hecht $95 Register today   *Not all of the continuing education classes are currently approved in every state.  Click here for current approvals. Webcam is required.