books
520) General Certification Exam
09/24/09
Dear Mr. Harrison:
I am an appraiser here in New York. I have been practicing since 1997 and am writing you to get your advice. I was initially licensed as a residential appraiser. I was able to complete my educational requirements to sit for my NY State general certified appraisal exam. As you know, the new requirements went into effect as of January of last year. I took the exam on 09/09/2008 and did not pass. I received a scaled score of 69. Not willing to let six points discourage me, I devised a preparation course for myself that consisted of the following 2 sources:
1. "The Complete Preparation Guide: Real Estate Appraisal Exam" by Learning Express; and
2. Appraisal CompuCram, which is an online, computer simulated program.
After 5 weeks of home study, I recently sat for the exam again on 07/21 and did not fare much better. At best I made a score of 72.
I have identified some deficiencies on my part and am in the process of developing an action plan to address them. I feel as there are limitations to home study. While the problems and exercises are excellent indicators of what to expect from the test, the explanations provide little or no insights. That is to say, that if you do not understand the explanations, there is no recourse. Any assistance from you would be GREATLY appreciated.
Sincerely,
Douglas K. Marshall dkhary@nyc.rr.com
Dear Douglas,
Based on many requests by readers like yourself, I have just published a new exam preparation book based on all the new requirements for 2009. How to Pass the AQB General Appraiser Certification Exam is designed to be a home study course - but with a difference. There are 18 chapters plus four additional practice exams all of which are keyed to the text.
What I recommend you do is start at the first chapter and take the exam at the end of the chapter. Next, correct your exam with the answers that are provided in the text. Mark any questions that you miss and go back and read the material in the chapter that covers that material. This is easy to do using the page and location references that are supplied for each question. Follow this procedure for all of the chapters.
Next take the first of the four practice exams at the back of the book. Again correct your exam and go to the locations indicated that provide the material you need to know to answer the question. Repeat the process for each of the other three practice exams too. If at this point you are getting more than 70% of the answers correct, you should be ready to retake the exam. What makes this process work is that it stops you from wasting time studying material you already know and forces you to study only things you don't know.
The book is available from Forms and Worms at 1-800 243-4545 or www.formsandworms.com GOOD LUCK - let me know how you do.
H2
I am an appraiser here in New York. I have been practicing since 1997 and am writing you to get your advice. I was initially licensed as a residential appraiser. I was able to complete my educational requirements to sit for my NY State general certified appraisal exam. As you know, the new requirements went into effect as of January of last year. I took the exam on 09/09/2008 and did not pass. I received a scaled score of 69. Not willing to let six points discourage me, I devised a preparation course for myself that consisted of the following 2 sources:
1. "The Complete Preparation Guide: Real Estate Appraisal Exam" by Learning Express; and
2. Appraisal CompuCram, which is an online, computer simulated program.
After 5 weeks of home study, I recently sat for the exam again on 07/21 and did not fare much better. At best I made a score of 72.
I have identified some deficiencies on my part and am in the process of developing an action plan to address them. I feel as there are limitations to home study. While the problems and exercises are excellent indicators of what to expect from the test, the explanations provide little or no insights. That is to say, that if you do not understand the explanations, there is no recourse. Any assistance from you would be GREATLY appreciated.
Sincerely,
Douglas K. Marshall dkhary@nyc.rr.com
Dear Douglas,
Based on many requests by readers like yourself, I have just published a new exam preparation book based on all the new requirements for 2009. How to Pass the AQB General Appraiser Certification Exam is designed to be a home study course - but with a difference. There are 18 chapters plus four additional practice exams all of which are keyed to the text.
What I recommend you do is start at the first chapter and take the exam at the end of the chapter. Next, correct your exam with the answers that are provided in the text. Mark any questions that you miss and go back and read the material in the chapter that covers that material. This is easy to do using the page and location references that are supplied for each question. Follow this procedure for all of the chapters.
Next take the first of the four practice exams at the back of the book. Again correct your exam and go to the locations indicated that provide the material you need to know to answer the question. Repeat the process for each of the other three practice exams too. If at this point you are getting more than 70% of the answers correct, you should be ready to retake the exam. What makes this process work is that it stops you from wasting time studying material you already know and forces you to study only things you don't know.
The book is available from Forms and Worms at 1-800 243-4545 or www.formsandworms.com GOOD LUCK - let me know how you do.
H2
507) Certified Level Required
06/29/09
Dear H2,
In California, you now have to have your Certified license level to do appraisals or an Associates degree. As of Oct 1st, of 2009 FHA will also require a Certified Level. I will be out of business come October. I worked hard as a single mother to get my Appraisal License working two jobs, while training under another appraiser and am still working two jobs to try and keep my business going. Now they are going to take it all away from me! What can be done? How unfair!
Thanks in advance for any suggestions.
DEBBIE GARALDE deb_g@sbcglobal.net
Dear Debbie,
It is not a petty picture. The FHA seems determined to implement the new requirements as of 10/1/09, leaving little time for many appraisers to meet them. My only suggestion (which is a long shot) is to write to the FHA and ask for an extension, and then send a copy of your letter to you congressional representative(s) asking them to help you get the extension. In the long run, if you want to continue getting FHA work you are going to have to take the courses and pass the required exam in order to become a certified residential appraiser.
H2
Editor's note: Due to countless requests, Henry and his colleague Burton Lee have updated his 1001 Questions & Answers book and are have produced three new exam prep books to help appraisers pass the revised exams. IN STOCK NOW!!! Click on the link below.
In California, you now have to have your Certified license level to do appraisals or an Associates degree. As of Oct 1st, of 2009 FHA will also require a Certified Level. I will be out of business come October. I worked hard as a single mother to get my Appraisal License working two jobs, while training under another appraiser and am still working two jobs to try and keep my business going. Now they are going to take it all away from me! What can be done? How unfair!
Thanks in advance for any suggestions.
DEBBIE GARALDE deb_g@sbcglobal.net
Dear Debbie,
It is not a petty picture. The FHA seems determined to implement the new requirements as of 10/1/09, leaving little time for many appraisers to meet them. My only suggestion (which is a long shot) is to write to the FHA and ask for an extension, and then send a copy of your letter to you congressional representative(s) asking them to help you get the extension. In the long run, if you want to continue getting FHA work you are going to have to take the courses and pass the required exam in order to become a certified residential appraiser.
H2
Editor's note: Due to countless requests, Henry and his colleague Burton Lee have updated his 1001 Questions & Answers book and are have produced three new exam prep books to help appraisers pass the revised exams. IN STOCK NOW!!! Click on the link below.
475) Settled Sale
04/10/09
Dear H2,
First - Thanks for publishing the How to Fill Out a Market Conditions Addendum guide. I have purchased the book and am filling out my first 1004MC form for a new construction condo appraisal. Can I find out what the term "settled" sale means? I'm not familiar with the term. Does it mean closed sales only, or pending and closed, or other? Thank you.
By the way -- I have purchased many of your earlier guides and have found them helpful in many cases. Thank you for writing them!
Sandra L. Pike sandrapike@appraisenow.com
Dear Sandra,
A settled sale is one that has closed (the closing has been completed). Thanks for the kind words about my books. I am very glad you've found them helpful.
H2
First - Thanks for publishing the How to Fill Out a Market Conditions Addendum guide. I have purchased the book and am filling out my first 1004MC form for a new construction condo appraisal. Can I find out what the term "settled" sale means? I'm not familiar with the term. Does it mean closed sales only, or pending and closed, or other? Thank you.
By the way -- I have purchased many of your earlier guides and have found them helpful in many cases. Thank you for writing them!
Sandra L. Pike sandrapike@appraisenow.com
Dear Sandra,
A settled sale is one that has closed (the closing has been completed). Thanks for the kind words about my books. I am very glad you've found them helpful.
H2
469) FHA Requirement
03/21/09
Dear H2,
I was asked to do an appraisal for an FHA loan. There is an addition (second floor) that has no heat source. Is this an issue on FHA loans?
Steve Borrelli sborrelli@sbcglobal.net
Dear Steve,
Anyone doing FHA appraisal work needs a copy of the FHA Handbook 4150.2 The information you seek is on page D-128. It depends upon the size of the addition and how much work needs to be done.
You can download all 12 chapters of the FHA Handbook 4150.2 on their website at: http://www.hud.gov/groups/appraisers.cfm -- look under RESOURCES (green banner on right side of page). You'll need to print it out and collate it (there is no single PDF download available.)
The alternative we recommend is to purchase the book already printed, collated and spiral bound from Forms and Worms.
Use this link: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300245
This printed copy comes with a FREE CD-Rom with several excellent articles, and important HUD numbers and contact information.
H2
I was asked to do an appraisal for an FHA loan. There is an addition (second floor) that has no heat source. Is this an issue on FHA loans?
Steve Borrelli sborrelli@sbcglobal.net
Dear Steve,
Anyone doing FHA appraisal work needs a copy of the FHA Handbook 4150.2 The information you seek is on page D-128. It depends upon the size of the addition and how much work needs to be done.
You can download all 12 chapters of the FHA Handbook 4150.2 on their website at: http://www.hud.gov/groups/appraisers.cfm -- look under RESOURCES (green banner on right side of page). You'll need to print it out and collate it (there is no single PDF download available.)
The alternative we recommend is to purchase the book already printed, collated and spiral bound from Forms and Worms.
Use this link: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300245
This printed copy comes with a FREE CD-Rom with several excellent articles, and important HUD numbers and contact information.
H2
451) 1004MC
02/12/09
Dear Henry,
Do you have any advice or help you can offer in completing the new 1004MC form which will be required by Fannie and Freddie as of April 1st? It looks really complicated!
Thanks!
Cathy Goutierrez cathyg358@bellsouth.net
Dear Cathy,
We've just sent the new Illustrated Guide: How to Fill Out the Market Conditions Addendum to the Real Estate Appraisal (Fannie Mae 1004MC-Freddie Mac 71) to the printer. It will be available from Forms and Worms for shipping next week. We will also be running a significant article on the form in our upcoming online issue of REV Magazine.
1. You can pre-order the Illustrated Guide plus CD-Rom -- Item #300213; price $49.95 -- from Forms and Worms right now, at 1-800-243-4545 or www.formsandworms.com Get $10 off with Coupon Code REV09.
2. There's also a CD-Rom available with the entire book in PDF format, which includes the Condominium Case Study and a sample completed 1004MC Form. The CD-Rom is Item #200200 for $34.95.
3. Finally - there's a special offer: Buy the URAR Illustrated Guide & the Exterior Only (2055) Illustrated Guide combo, and new Guide to the 1004MC Form and SAVE $60. Request Special Offer item #400286 for just $69.95.
H2
Do you have any advice or help you can offer in completing the new 1004MC form which will be required by Fannie and Freddie as of April 1st? It looks really complicated!
Thanks!
Cathy Goutierrez cathyg358@bellsouth.net
We've just sent the new Illustrated Guide: How to Fill Out the Market Conditions Addendum to the Real Estate Appraisal (Fannie Mae 1004MC-Freddie Mac 71) to the printer. It will be available from Forms and Worms for shipping next week. We will also be running a significant article on the form in our upcoming online issue of REV Magazine.
1. You can pre-order the Illustrated Guide plus CD-Rom -- Item #300213; price $49.95 -- from Forms and Worms right now, at 1-800-243-4545 or www.formsandworms.com Get $10 off with Coupon Code REV09.
2. There's also a CD-Rom available with the entire book in PDF format, which includes the Condominium Case Study and a sample completed 1004MC Form. The CD-Rom is Item #200200 for $34.95.
3. Finally - there's a special offer: Buy the URAR Illustrated Guide & the Exterior Only (2055) Illustrated Guide combo, and new Guide to the 1004MC Form and SAVE $60. Request Special Offer item #400286 for just $69.95.
H2
442) FHA Handbook 4150.2
01/07/09
Dear H2,
Is it a requirement to have the FHA 4150.2 Handbook to do FHA appraisals? Is there a revised handbook coming out or already out?
Sondi Eden sondieden@hotmail.com
Dear Sondi,
I don't know if it is specifically required that you own a copy of the handbook but I can't imagine making any FHA appraisals without using one as a reference. You are required to comply with all the FHA requirements -- and they are only found in the Handbook. The current online version (available for free download) is up-to-date. The alternative is to buy a printed and spiral-bound copy, available from Forms and Worms.
Use this link: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300245
At this point in time, the FHA has not set a date for an update of the Handbook, although they have set new parameters regarding who may apply (or re-apply) to be an FHA appraiser.
H2
Is it a requirement to have the FHA 4150.2 Handbook to do FHA appraisals? Is there a revised handbook coming out or already out?
Sondi Eden sondieden@hotmail.com
Dear Sondi,
I don't know if it is specifically required that you own a copy of the handbook but I can't imagine making any FHA appraisals without using one as a reference. You are required to comply with all the FHA requirements -- and they are only found in the Handbook. The current online version (available for free download) is up-to-date. The alternative is to buy a printed and spiral-bound copy, available from Forms and Worms.
Use this link: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300245
At this point in time, the FHA has not set a date for an update of the Handbook, although they have set new parameters regarding who may apply (or re-apply) to be an FHA appraiser.
H2
436) Partial Interests
11/30/08
Dear H2,
I have to appraise a residential dwelling, a condo, that has 4 owners and I have to value the interest of only one of the owners. I was planning to proceed by arriving at the value for the dwelling as a whole. After that, what steps do I take to to reduce the whole indicated value to the value of the 1/4 interest of only one owner? (P.S. I love your books!)
Linda Richardson marketvalue@nycap.rr.com
Dear Linda,
Appraising a partial interest is a complex appraisal which requires that you be certified. The USPAP also requires that you have the necessary knowledge and experience to do the appraisal or that you get help from someone who does. This is what I suggest you do.
Generally, all things being equal, the value of the partial interests does not add up to the value of the same property owned by a single owner. My book Advanced Appraisal Methods has a chapter on partial Interests which will give you more information about how to approach these assignments. It is available from www.formsandworms.com
H2
I have to appraise a residential dwelling, a condo, that has 4 owners and I have to value the interest of only one of the owners. I was planning to proceed by arriving at the value for the dwelling as a whole. After that, what steps do I take to to reduce the whole indicated value to the value of the 1/4 interest of only one owner? (P.S. I love your books!)
Linda Richardson marketvalue@nycap.rr.com
Dear Linda,
Appraising a partial interest is a complex appraisal which requires that you be certified. The USPAP also requires that you have the necessary knowledge and experience to do the appraisal or that you get help from someone who does. This is what I suggest you do.
Generally, all things being equal, the value of the partial interests does not add up to the value of the same property owned by a single owner. My book Advanced Appraisal Methods has a chapter on partial Interests which will give you more information about how to approach these assignments. It is available from www.formsandworms.com
H2
432) FHA Appraisal Form
11/16/08
Dear H2,
What form do you use to complete an FHA appraisal?
Mecca meccadappraisals@yahoo.com
Dear Mecca,
Single family residential appraisals for FHA should be done on the URAR form. However, FHA has special directions you must follow for their appraisals.
1. First off, you need to download or purchase a hardcopy of the FHA Handbook, 4150.2. It is offered for sale at www.formsandworms.com or you can call 1-800-243-4545. It gives chapter and verse on what FHA wants you to consider when you make an appraisal for them.
2. To download a copy from the FHA Website instead, click here for further details: http://www.hud.gov/groups/appraisers.cfm. Then, on the right under the green RESOURCES tab, click on "HUD Handbook 4150.2". You will have to download and print each chapter separately. [NOTE: Save this link. It is the main HUD resource page for FHA Appraisers, including training, events, news, and various updates.]
3. We also suggest purchasing Ann O'Rourke's new FHA Handbook. Ann is very knowledgeable and her information is current and very useful. Ann's Special Report on FHA Appraising is the first item for sale.
4. Finally, we think every appraiser doing appraisal reports on the URAR should have a copy of my book, Harrison's Illustrated Guide: How to Make a Single Family Appraisal on the Fannie Mae/Freddie Mac URAR Form. This line-by-line guide to filling out a URAR form ihas been a bestseller for over 20 years, through 4 major updates. The book listed here is current, including the 2008-2009 USPAP requirements.
H2
What form do you use to complete an FHA appraisal?
Mecca meccadappraisals@yahoo.com
Dear Mecca,
Single family residential appraisals for FHA should be done on the URAR form. However, FHA has special directions you must follow for their appraisals.
1. First off, you need to download or purchase a hardcopy of the FHA Handbook, 4150.2. It is offered for sale at www.formsandworms.com or you can call 1-800-243-4545. It gives chapter and verse on what FHA wants you to consider when you make an appraisal for them.
2. To download a copy from the FHA Website instead, click here for further details: http://www.hud.gov/groups/appraisers.cfm. Then, on the right under the green RESOURCES tab, click on "HUD Handbook 4150.2". You will have to download and print each chapter separately. [NOTE: Save this link. It is the main HUD resource page for FHA Appraisers, including training, events, news, and various updates.]
3. We also suggest purchasing Ann O'Rourke's new FHA Handbook. Ann is very knowledgeable and her information is current and very useful. Ann's Special Report on FHA Appraising is the first item for sale.
4. Finally, we think every appraiser doing appraisal reports on the URAR should have a copy of my book, Harrison's Illustrated Guide: How to Make a Single Family Appraisal on the Fannie Mae/Freddie Mac URAR Form. This line-by-line guide to filling out a URAR form ihas been a bestseller for over 20 years, through 4 major updates. The book listed here is current, including the 2008-2009 USPAP requirements.
H2
396) General Certification Exam
08/27/08
Dear Henry,
I purchased your “1001 Questions & Answers” last year and passed the Certified Residential.
What materials or books do you recommend for the 8 hour Certified General Examination? One of the Instructors that I was taking classes from last year had a book of sample Commercial Reports. Do you have this book or something similar?
Thank you for your time!
Marilyn McCoy Woods marilynwods@charter.net
Dear Marilyn,
Congratulations on passing your Certified Residential Exam. We are hearing from appraisers that the 1001 Questions and Answers also works well for the General Certification Exam.
You should also get a copy of my book Advanced Appraisal Methods which covers Discounting (Yield Capitalization), IRR and Partial Interest Appraisals. It is available from Forms and Worms: online at www.formsandworms.com or call them toll free at 1-800-243-4545.
H2
I purchased your “1001 Questions & Answers” last year and passed the Certified Residential.
What materials or books do you recommend for the 8 hour Certified General Examination? One of the Instructors that I was taking classes from last year had a book of sample Commercial Reports. Do you have this book or something similar?
Thank you for your time!
Marilyn McCoy Woods marilynwods@charter.net
Dear Marilyn,
Congratulations on passing your Certified Residential Exam. We are hearing from appraisers that the 1001 Questions and Answers also works well for the General Certification Exam.
You should also get a copy of my book Advanced Appraisal Methods which covers Discounting (Yield Capitalization), IRR and Partial Interest Appraisals. It is available from Forms and Worms: online at www.formsandworms.com or call them toll free at 1-800-243-4545.
H2
389) Partial Interest Valuation
08/20/08
Dear Henry,
Could you recommend a good source for explanation/analysis of partial interest valuations for residential and vacant land properties?
Dave Danza murds@pacbell.net
Dear Dave,
Appraising partial interests is covered in my book Advanced Appraisal Methods and The Appraisal of Real Estate, 13th edition. Both are available from Forms and Worms. Call them at 1-800-243-4545 or go online to order: www.formsandworms.com
H2
Could you recommend a good source for explanation/analysis of partial interest valuations for residential and vacant land properties?
Dave Danza murds@pacbell.net
Dear Dave,
Appraising partial interests is covered in my book Advanced Appraisal Methods and The Appraisal of Real Estate, 13th edition. Both are available from Forms and Worms. Call them at 1-800-243-4545 or go online to order: www.formsandworms.com
H2
387) FHA Handbook
08/18/08
Dear H2,
Could you recommend any books or other resources that cover FHA appraising? THANKS!
Richard Grab rchrd7@aol.com
Dear Richard,
I strongly recommend that every appraiser who does FHA appraisals have their own current copy of the FHA Handbook 4150.2
Here is some information about how to obtain a copy:
1. First off, use this link to FHA's Appraisal Main page. The new Application procedure (online only) is a link in the first paragraph of text. http://www.hud.gov/groups/appraisers.cfm
2. Then, you need to download (or purchase) a copy of the main HUD Manual, 4150.2. It is offered for sale at www.formsandworms.com or you can call 1-800-243-4545.
It gives chapter and verse on what FHA wants you to consider when you make an appraisal for them. Click here: http://www.realestategraphics.com/cgi-bin/select.pl?ImageName=300245
3. To download a copy from the FHA Website, click here for further details: http://www.hud.gov/groups/appraisers.cfm Then, on the right under the green RESOURCES tab, click on "HUD Handbook 4150.2". You will have to download and print each chapter separately. [NOTE: Save this link. It is the main HUD resource page for FHA Appraisers, including training, events, news, and various updates.]
4. We also suggest purchasing Ann O'Rourke's new FHA Handbook. Ann is very knowledgeable and her information is current and very useful. Click here: http://www.appraisaltoday.com/products.htm Ann's Special Report on FHA Appraising is the first item for sale.
5. Finally, we think every appraiser doing appraisal reports on the URAR should have a copy of my book, Harrison's Illustrated Guide: How to Make a Single Family Appraisal on the Fannie Mae/Freddie Mac URAR Form. This line-by-line guide to filling out a URAR form has been a bestseller for over 20 years, through 4 major updates. The book listed here is current, including the 2008-2009 USPAP requirements. The books does not include many of the FHA changes made in the new FHA handbook 4150.2 Click here: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300285
H2
Could you recommend any books or other resources that cover FHA appraising? THANKS!
Richard Grab rchrd7@aol.com
Dear Richard,
I strongly recommend that every appraiser who does FHA appraisals have their own current copy of the FHA Handbook 4150.2
Here is some information about how to obtain a copy:
1. First off, use this link to FHA's Appraisal Main page. The new Application procedure (online only) is a link in the first paragraph of text. http://www.hud.gov/groups/appraisers.cfm
2. Then, you need to download (or purchase) a copy of the main HUD Manual, 4150.2. It is offered for sale at www.formsandworms.com or you can call 1-800-243-4545.
It gives chapter and verse on what FHA wants you to consider when you make an appraisal for them. Click here: http://www.realestategraphics.com/cgi-bin/select.pl?ImageName=300245
3. To download a copy from the FHA Website, click here for further details: http://www.hud.gov/groups/appraisers.cfm Then, on the right under the green RESOURCES tab, click on "HUD Handbook 4150.2". You will have to download and print each chapter separately. [NOTE: Save this link. It is the main HUD resource page for FHA Appraisers, including training, events, news, and various updates.]
4. We also suggest purchasing Ann O'Rourke's new FHA Handbook. Ann is very knowledgeable and her information is current and very useful. Click here: http://www.appraisaltoday.com/products.htm Ann's Special Report on FHA Appraising is the first item for sale.
5. Finally, we think every appraiser doing appraisal reports on the URAR should have a copy of my book, Harrison's Illustrated Guide: How to Make a Single Family Appraisal on the Fannie Mae/Freddie Mac URAR Form. This line-by-line guide to filling out a URAR form has been a bestseller for over 20 years, through 4 major updates. The book listed here is current, including the 2008-2009 USPAP requirements. The books does not include many of the FHA changes made in the new FHA handbook 4150.2 Click here: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300285
H2
323) FHA Manual & URAR Guide
05/21/08
Dear H2,
I'm in the process of becoming approved to complete FHA appraisals. What are the best basic manuals or guidebooks that I should have?
Jane Ritzenthaler jane@azappraisalmanagement.com
Dear Jane,
We recommend three.
1. First off, you need to download (or purchase) a copy of the main HUD Manual, 4150.2. It gives chapter and verse on what FHA wants you to consider when you make an appraisal for them. Click here: http://www.hud.gov/groups/appraisers.cfm Then, on the right under the green RESOURCES tab, click on "HUD Handbook 4150.2" [NOTE: Save this link. It is the main HUD resource page for FHA Appraisers, including training, events, news, and various updates.]
2. Secondly, we suggest purchasing Ann O'Rourke's new FHA Handbook. Ann is very knowledgeable and her information is current and very useful. Click here: http://www.appraisaltoday.com/products.htm Ann's Special Report on FHA Appraising is the first item for sale.
3. Finally, we think every appraiser doing appraisal reports on the URAR should have a copy of my book, Harrison's Illustrated Guide: How to Make a Single Family Appraisal on the Fannie Mae/Freddie Mac URAR Form. This line-by-line guide to filling out a URAR form ihas been a bestseller for over 20 years, through 4 major updates. The book listed here is current, including the 2008-2009 USPAP requirements.
Click here: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300285
H2
I'm in the process of becoming approved to complete FHA appraisals. What are the best basic manuals or guidebooks that I should have?
Jane Ritzenthaler jane@azappraisalmanagement.com
Dear Jane,
We recommend three.
1. First off, you need to download (or purchase) a copy of the main HUD Manual, 4150.2. It gives chapter and verse on what FHA wants you to consider when you make an appraisal for them. Click here: http://www.hud.gov/groups/appraisers.cfm Then, on the right under the green RESOURCES tab, click on "HUD Handbook 4150.2" [NOTE: Save this link. It is the main HUD resource page for FHA Appraisers, including training, events, news, and various updates.]
2. Secondly, we suggest purchasing Ann O'Rourke's new FHA Handbook. Ann is very knowledgeable and her information is current and very useful. Click here: http://www.appraisaltoday.com/products.htm Ann's Special Report on FHA Appraising is the first item for sale.
3. Finally, we think every appraiser doing appraisal reports on the URAR should have a copy of my book, Harrison's Illustrated Guide: How to Make a Single Family Appraisal on the Fannie Mae/Freddie Mac URAR Form. This line-by-line guide to filling out a URAR form ihas been a bestseller for over 20 years, through 4 major updates. The book listed here is current, including the 2008-2009 USPAP requirements.
Click here: http://www.formsandworms.com/cgi-bin/select.pl?ImageName=300285
H2
303) Basic Appraisal Procedures
04/23/08
Hello Mr. Harrison --
My question is what is the best book to show you the techniques to do the sales comparison approach, time adjustments, comparable listing and pending sales, ect.
Thanks.
Alfredo zayas Zayas5@yahoo.com
Dear Alfedo,
My new book Basic Appraisal Procedures should help you. It is available from Form and Worms www.formsandworms.com or 1-800-243-4545.
H2
My question is what is the best book to show you the techniques to do the sales comparison approach, time adjustments, comparable listing and pending sales, ect.
Thanks.
Alfredo zayas Zayas5@yahoo.com
Dear Alfedo,
My new book Basic Appraisal Procedures should help you. It is available from Form and Worms www.formsandworms.com or 1-800-243-4545.
H2
254) Q&A Book
02/29/08
Dear Henry,
How do i order the book 1001 Questions and Answers to help you pass any License or Certification Appraisal Exam.
mike pritchard micpri@sbcglobal.net
Dear Mike,
Click on the "keyword" button on the upper left of the screen on our website ( www.askhenryharrison.com ). It will take you to a list of linked Keywords. Scroll down for Exam Prep for this specific answer, and click there.
Good luck on your test!
H2
How do i order the book 1001 Questions and Answers to help you pass any License or Certification Appraisal Exam.
mike pritchard micpri@sbcglobal.net
Dear Mike,
Click on the "keyword" button on the upper left of the screen on our website ( www.askhenryharrison.com ). It will take you to a list of linked Keywords. Scroll down for Exam Prep for this specific answer, and click there.
Good luck on your test!
H2
233) Q&A Book Update
02/05/08
Hello Henry,
I have a copy of your book with 1001 questions to pass the appraisal exam some time ago. I was told that Texas changed the test as of January 2008. Does the book have everything in it I would need to know for the 2008 test? Will there be an update to your book?
Laura Roberts Laura_Roberts@LandSafe.com
Dear Laura,
The new national AQB test started on January 1, 2008. It covers the same body of knowledge as before. We usually update the book annually and plan to do so after we know more about the structure of the new exams.
H2
I have a copy of your book with 1001 questions to pass the appraisal exam some time ago. I was told that Texas changed the test as of January 2008. Does the book have everything in it I would need to know for the 2008 test? Will there be an update to your book?
Laura Roberts Laura_Roberts@LandSafe.com
Dear Laura,
The new national AQB test started on January 1, 2008. It covers the same body of knowledge as before. We usually update the book annually and plan to do so after we know more about the structure of the new exams.
H2
231) National 6 Hour AQB Test
02/03/08
Dear Henry,
Thank you for all your advice. What are your thoughts on the new 6 hour test for Certified appraisers? Do you have books on how to pass this test?
Nam Withheld By Request
Dear Friend,
I like the idea of a national test being run by the AQB. So far nobody who has taken the test has told me what it is like.
My book "1001 Questions and Answers to Help You PASS Any Appraisal License or Certification Test" should still work as the body of knowledge has not changed.
Use this link to buy it directly from Forms and Worms: www.formsandworms.com
H2
Thank you for all your advice. What are your thoughts on the new 6 hour test for Certified appraisers? Do you have books on how to pass this test?
Nam Withheld By Request
Dear Friend,
I like the idea of a national test being run by the AQB. So far nobody who has taken the test has told me what it is like.
My book "1001 Questions and Answers to Help You PASS Any Appraisal License or Certification Test" should still work as the body of knowledge has not changed.
Use this link to buy it directly from Forms and Worms: www.formsandworms.com
H2
93) Purchasing "1001 Q&A" Book
05/24/07
Dear Henry,
Where can I get a copy of your Q&A for the Certified Residential exam, ASAP, to bone up for test. Everywhere I find on Amazon says 1 month for shipping.
Frank Bradley frankbradley@mris.com
Dear Frank,
Forms and Worms is our national distributor, and has the 2006 revision of the book in stock. They will ship it out any way you want, including overnight express. 1-800-243-4545 or www.formsandworm.com
Good luck on your exam.
H2
Where can I get a copy of your Q&A for the Certified Residential exam, ASAP, to bone up for test. Everywhere I find on Amazon says 1 month for shipping.
Frank Bradley frankbradley@mris.com
Dear Frank,
Forms and Worms is our national distributor, and has the 2006 revision of the book in stock. They will ship it out any way you want, including overnight express. 1-800-243-4545 or www.formsandworm.com
Good luck on your exam.
H2
88) Model Comments
05/06/07
Dear Mr. Harrison,
I would like to purchase a book with examples of comments which could help me to prepare appraisal reports. Could you send me the title?
Thank you.
Kasia kjpiekut@snet.net
Dear Kasia,
My Illustrated Guide series for the major forms -- the URAR, Small Income Property, and Condo forms as well as the 2055 Drive-By Form -- all have many examples of model comments, as well as consistency checks. By purchasing these books, you have the right to use or modify the model comments in your appraisals.
All my books can be purchased from Forms and Worms at www.formsandworms.com or by calling them Toll Free at: 1 (800) 243-4545.
H2
I would like to purchase a book with examples of comments which could help me to prepare appraisal reports. Could you send me the title?
Thank you.
Kasia kjpiekut@snet.net
Dear Kasia,
My Illustrated Guide series for the major forms -- the URAR, Small Income Property, and Condo forms as well as the 2055 Drive-By Form -- all have many examples of model comments, as well as consistency checks. By purchasing these books, you have the right to use or modify the model comments in your appraisals.
All my books can be purchased from Forms and Worms at www.formsandworms.com or by calling them Toll Free at: 1 (800) 243-4545.
H2
86) Architectural Styles
05/06/07
Dear Henry,
I'd really like of list of your books (including publisher and where to order them). I understand there's one that defines the different home styles: ranch, tudor, etc., for use on the URAR.
Thanks.
randall leonard randallsc@cruzio.com
Dear Randal,
All of my books that are presently available can be ordered on the Forms and Worms website: www.formsandworms.com or you can call them toll free at 1-800-243-4545.
For an entire system of classifying architectural styles, you should ask for my book HOUSES: The Illustrated Guide to Construction, Design and Systems.
H2
I'd really like of list of your books (including publisher and where to order them). I understand there's one that defines the different home styles: ranch, tudor, etc., for use on the URAR.
Thanks.
randall leonard randallsc@cruzio.com
Dear Randal,
All of my books that are presently available can be ordered on the Forms and Worms website: www.formsandworms.com or you can call them toll free at 1-800-243-4545.
For an entire system of classifying architectural styles, you should ask for my book HOUSES: The Illustrated Guide to Construction, Design and Systems.
H2
83) How To Use The Q&A Book
05/03/07
Hi Henry --
Can you tell me if you make a CD of your Appraisal Exam Prep book, so that I can study it from my computer?
Thank you!
Jackie appnet@sbcglobal.net
Dear Jackie,
Although we do not offer it on CD yet, thousands of appraisers have successfully used my book 1001 Q & A to Help You PASS Any Licensed or Certification Appraisal Exam. It is available from Forms and Worms at www.formsandworms.com
The most effective way to use the book is not to read it cover to cover, because you waste a lot of time on things you all ready know.
Use our 6 step study process shown below to rapidly gain the knowledge you need to "ace" your exam:
1. Do NOT start by reading through the book. Instead, take the practice exam at the end of Chapter #1 and correct it immediately.
2. Ignore all the questions you answered correctly. Next to each question you answered incorrectly is a arrow that directs you to the page and paragraph in the text that has the correct information. Read only that material, not the whole page.
3. Then proceed to repeat the process until you have studied the correct answers to all the questions you missed.
4. When you finish, move on and repeat the process for Chapter #2 and all the remaining chapters.
5. After you have done all of this, take the first practice exam at the end of the book. Again, you should study only the answers you missed and then move on and repeat the process for the 2nd practice exam.
We have found from experience that if you follow this plan, your chance of passing are better than 95%. (If you still fail the exam, we recommend taking another formal course.)
H2
Can you tell me if you make a CD of your Appraisal Exam Prep book, so that I can study it from my computer?
Thank you!
Jackie appnet@sbcglobal.net
Dear Jackie,
Although we do not offer it on CD yet, thousands of appraisers have successfully used my book 1001 Q & A to Help You PASS Any Licensed or Certification Appraisal Exam. It is available from Forms and Worms at www.formsandworms.com
The most effective way to use the book is not to read it cover to cover, because you waste a lot of time on things you all ready know.
Use our 6 step study process shown below to rapidly gain the knowledge you need to "ace" your exam:
1. Do NOT start by reading through the book. Instead, take the practice exam at the end of Chapter #1 and correct it immediately.
2. Ignore all the questions you answered correctly. Next to each question you answered incorrectly is a arrow that directs you to the page and paragraph in the text that has the correct information. Read only that material, not the whole page.
3. Then proceed to repeat the process until you have studied the correct answers to all the questions you missed.
4. When you finish, move on and repeat the process for Chapter #2 and all the remaining chapters.
5. After you have done all of this, take the first practice exam at the end of the book. Again, you should study only the answers you missed and then move on and repeat the process for the 2nd practice exam.
We have found from experience that if you follow this plan, your chance of passing are better than 95%. (If you still fail the exam, we recommend taking another formal course.)
H2
77) 1001 Questions And Answers Book
04/11/07
Dear Henry,
I'm getting ready to take the Oregon State Certified test. I've been an appraiser for 15 years. I have (and used) a 1991 copy of your book How to Pass any General or Residential Appraisal Examination.
My question is: has this book been updated and if so is it very different? If it is updated and different, what is the most recent update publication date?
Thanks.. and keep up the amazing work you do for this industry.
Marsha Sandman mjs1@cablespeed.com
Dear Marsha,
You have an antique edition of 1001 Questions and Answers to Help you Pass Any License or Certification Exam. The book is updated every few years. The last update was 2006. The biggest change update was the USPAP.
If you want a current edition, you can get one online from Forms and Worms at www.formsandworms.com or call 1 800 243-4545.
H2
I'm getting ready to take the Oregon State Certified test. I've been an appraiser for 15 years. I have (and used) a 1991 copy of your book How to Pass any General or Residential Appraisal Examination.
My question is: has this book been updated and if so is it very different? If it is updated and different, what is the most recent update publication date?
Thanks.. and keep up the amazing work you do for this industry.
Marsha Sandman mjs1@cablespeed.com
Dear Marsha,
You have an antique edition of 1001 Questions and Answers to Help you Pass Any License or Certification Exam. The book is updated every few years. The last update was 2006. The biggest change update was the USPAP.
If you want a current edition, you can get one online from Forms and Worms at www.formsandworms.com or call 1 800 243-4545.
H2
45) Where Can I Buy Your Guides?
02/04/07
Dear Henry,
I am trying to locate your latest books on how to fill out the 1004, and also appraising small income properties with 2-4 units.
Do you have a website??
Paul Hyman paul@appraiseright.net
Dear Paul,
All my books are available from Forms and Worms. You can order them online at www.formsandworms.com or call Toll Free 1-800 -243-4545.
H2
I am trying to locate your latest books on how to fill out the 1004, and also appraising small income properties with 2-4 units.
Do you have a website??
Paul Hyman paul@appraiseright.net
Dear Paul,
All my books are available from Forms and Worms. You can order them online at www.formsandworms.com or call Toll Free 1-800 -243-4545.
H2