Course Overview

Title:
Manufactured Housing Appraisal/Valuation Course

To Purchase: (This will be available soon. Please check back.)

Short Description:
This course will teach each student how to determine the value of a Manufactured Home, using the NADA Manufactured Housing Guide and other methods, which will lead toward certification by The Manufactured Home Appraisers Society, Inc.

Full Description:
Successful completion of this course will enable the graduate to become a certified Manufactured Home Appraiser, complete appraisals for Bankruptcy Attorneys, testify at BK hearings, and for other Manufactured Home appraisal purposes.
The successful applicant will also be able to work independently or with national field services companies as a certified appraiser.
The course will teach the proper use of the NADA Manufactured Home Appraisal Guide as well as the proper and complete valuation methodology developed by others in the industry. Proper court presentations and creation of specialized forms to meet the needs of a variety of clients will also be taught.

Outcomes:
Upon completion of this course, successful graduates will be able to:
A. Know how to properly utilize the NADA Appraisal Guide.
B. Complete the physical appraisal inspection and finalize the picture documentation of the property.
C. Obtain "comparable pricing" information from area resources.
D. Complete all necessary forms in order to complete an appraisal.
E. Competently be capable of explaining how to arrive at the appraisal price.
F. Be certified by The National Manufactured Home Appraisers Society(NMHAS).
G. Be listed on the NMHAS web site and receive periodic professional updates.
H. Work in the industry and build their own business or work for already established field service companies.

Assessment:
1. After each segment of the course, students will be quizzed to determine their progress and assess their knowledge of the appraisal format.
2. After the final lesson, the student will take a comprehensive exam which shall include the completion of a realistic and hypothetical appraisal.

Day One: Explanations of terminology of NADA system. This will include an overview of the introduction of the NADA Guide.

Day Two: Explanation of how to use the NADA Guide. This will include worksheets and examples to assess student comprehension of the NADA Guide. Student will also be taught how to complete a physical inspection of a manufactured home and obtain "comparable pricing" in relation to the unit physically inspected.

Day Three: Introduction of special forms required by Bankruptcy Attorneys for their appraisals. This will include the student learning the proper way to complete a variety of applicable forms, with step-by-step field procedures.

Day Four: Students will be introduced to procedures and policies of testifying in Bankruptcy Court. Hypothetical situations will be used to simulate court-room appearances. Students will show competency by creating their own situations or responding to hypothetical situations. Also, students will be required to go into the field and complete a real appraisal of a Manufactured Home in their area.(Trial run).

Day Five: Students will review previous work and complete a final exam dealing with NADA Guide questions as well as showing proficiency with Bankruptcy Forms especially designed for attorneys, including a full fledged appraisal.