This course offers a step by step guide to appraising manufactured housing! At the end of this course, you will be qualified to appraise manufactured homes under the National Appraisal System (NAS). Your designation, BCMHV (Board Certified Manufactured Housing Valuation) will be valid for a three-year period from the date you complete your coursework and receive the Certificate of Completion. Your name will be added to the registry of certified appraisers for manufactured housing that is searchable by lenders and the general public.
The course covers the following information in detail: 1. History of Manufactured Housing. 2. How the Uniform Standards of Professional Appraisal Practice impact you as an appraiser of personal property. 3. The HUD Title I regulation that requires successful completion of a specialized course in manufactured home valuation. 4. The components of a manufactured home. 5. What the HUD Code means. 6. Construction and Identification Methods of Manufactured Housing. 7. NADA Cost Guide and CD-Rom Usage. 8. Step by step guide to filling out all of the associated forms to complete the appraisal. 9. Reviewing the 1004C/70B Forms.
The Recertification course for the BCMHV (Board Certified Manufactured Housing Valuation) designation offers appraisers an opportunity to refresh their knowledge of appraisal standards used in the manufactured housing industry. The course outline is as follows:
I. Brief History of Manufactured Housing
II. Lending Practices
III. Manufactured Home Installation and Set-up
IV. Appraisal Procedures
V. CD ROM Usage
VI. Final Exam
Once this course has been completed, the appraiser will be recertified for a period of three years to perform Manufactured Housing appraisals.
