Applied Commercial/Multifamily Appraisal and Valuation Methods: May 2027

Applied Commercial/Multifamily (CMF) Appraisal and Valuation Methods is designed to provide participants with the foundational knowledge and practical skills needed to review, interpret, and evaluate third-party commercial/multifamily real estate appraisals. This course focuses on appraisal principles, valuation methodologies, and the analytical framework appraisers use to support value conclusions.

The course begins with Appraisal Principles and Procedures, introducing participants to the appraisal profession, including appraiser ethics, professional standards, and regulatory requirements. Participants gain an understanding of the appraisal process, report components, and the roles appraisals play in lending and investment decisions. In Highest and Best Use, participants learn the four tests required to support a highest and best use conclusion. Through applied exercises, participants evaluate how highest and best use conclusions influence valuation outcomes.

The course then explores the Sales Comparison Approach and Cost Approach, covering the theory, methodology, and application of each approach. Participants learn how comparable sales are selected and adjusted, how replacement and reproduction costs are developed, and how depreciation is analyzed and applied.

The final lesson, Income Capitalization Approach and Reconciliation, focuses on income-based valuation techniques, including direct capitalization and discounted cash flow (DCF) analysis. Participants examine how net operating income is derived, how capitalization and discount rates are applied, and how appraisers reconcile the three approaches to value to arrive at a final value conclusion.

Course Syllabus:

• View the Course Syllabus

Format:

• Instructor-led online course delivered over four weeks
• Live instruction combined with guided case study analysis
• Weekly homework assignments aligned to each lesson
• Final online exam

Intended Audience:

• Loan originators and loan processors
• Loan analysts and underwriters
• Loan closers
• Servicers
• Professionals in related fields such as appraisal, law, accounting, marketing, or other areas of commercial/multifamily real estate seeking a foundational understanding of commercial/multifamily valuation

Experience Level(s):

• Foundational

Program Schedule:

Week 1:

• Monday, May 3 (1:00 - 3:00 PM ET)

Week 2:

• Monday, May 10 (1:00 - 3:00 PM ET)

Week 3:

• Monday, May 17 (1:00 - 3:00 PM ET)

Week 4:

• Monday, May 24 (1:00 - 3:00 PM ET)

** Sessions may vary in duration depending on the subject matter**

MBA Education Cancellation Policy:

• For more information on course cancellations, transfers, substitutions or extensions, please review our MBA Education Policies.

Discounts:

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• Your organization can get unlimited complimentary seats to this class with an Education Advantage subscription! Contact Kathy Ryan to learn more about Education Advantage!

Earn a Credly Digital Badge:

• This course is part of the Commercial/Multifamily Finance Academy. Upon successful completion of all eight courses in the Academy, participants earn a Credly digital badge, recognizing their comprehensive training in commercial/multifamily finance fundamentals.

By registering for this event, you also have agreed that you will at all times during this event abide by the MBA EVENT CODE OF CONDUCT. You should familiarize yourself with this policy before attending the event as violations of the MBA EVENT CODE OF CONDUCT may result in removal from or denial of access to the MBA sponsored event without a refund of registration fees, or disqualification from attendance at future MBA events.