As a response to changes in  environment of the planet, perceived or otherwise, and the dramatic increases in the cost of fossil fuels; the real estate industry has been reacting.   Everything from tightening up older construction, more insulation, renewable resources for power, heating and cooling has been highlighted.

This course is designed to enlighten the student as to some of the changes that have happened.  Try to get an understanding of the market forces at work, their potential value in the marketplace and to highlight assets, such as web sites, local power companies and renewable resource providers so that the Real Estate professional can better serve the public in general and their clients, specifically.

Judge Learned Hand wrote in 1934   “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury.  There is not even a patriotic duty to increase ones taxes.  Over and over again the courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible.  Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”

This course highlights the real estate tax assessment  process from the municipalities stand point, as well as educating the real estate professional about strategies pertaining to “Market Value” and the Tax Abatement process in general.

Reporting the conclusions of the Real Estate Appraisal process may be one of the most important steps in the entire appraisal process.  Conveying ones thoughts and ideas pertaining to the defined problem (value) to the client or other interested party in a clear concise and regulated manner can be challenging as well as rewarding.

Understanding the needs of the client, understanding the demands of the Uniform Appraisal Professional Appraisal Practice, and conveying your findings and opinions in an educated report format are all part of the educational goals of this class.

Differences in requirements of FNMA, FHA and specific clients will be highlighted.  Emphasis will be added to help ensure that your reports adhere to  USPAP  requirements, as well.

Understanding Supply and Demand for Real Estate requires many disciplines.  The Supply side includes availability of land for potential building, as well as, understanding the relationship of the level of improvement property at any given point in time.  The Demand side takes into consideration financial issues and one of them is the “Purchasing Power” of the individual.

This course will  expose the Real Estate professional with the basic underlying principals of  lenders when considering a borrower for a loan.  Everything from understanding  the definition of income, the relationship between income and expenses and finally understanding the purchasing of an individual or group in Qualifying  for a real estate loan.