Understanding Form 1004MC – Unraveling the Mysteries

Reports with internal contradictions can inherently lead a reader to question the overall credibility of the analysis and conclusions that are presented. All too often, the data and conclusions reported on a 1004MC are not consistent with data, conclusions, and comments presented in other sections of an appraisal report. The form has been around for many years, why still so much confusion? What are some of the common errors? Must page 1 match 1004MC? When placing the data in the 1004MC grid, should the dates be based on how long ago a current listing was placed on the market? There are a number of fields and entries on the 1004MC, while this webinar is not an exhaustive deep dive, it does cover the most common issues and how to properly complete the 1004MC.

This is a pre-recorded webinar available now for download.

Presented By: Danny Wiley, SRA

Danny has worked in the appraisal profession since 1982. He holds the SRA designation from the Appraisal Institute and is currently a Certified Residential Appraiser in Tennessee and Virginia. He began his career at a large firm that dealt with many aspects of real estate, from brokerage, to development to appraisal. After 14 years at that firm he open his own residential appraisal company and ran that for approximately 15 years. He now serves as the Chief Appraiser at a large AMC.

His experiences include six years of service on the Appraisal Standards Board as well as six years on the Standards Board of the International Valuation Standards Committee. He has taught appraisal classes and seminars on six continents.