Category: Personal Property/Gems & Jewelry:
PP/GJ 201 Course Description:
PP/GJ 201 is the first class of the Principles of Valuation
course of study of the American Society of Appraisers (ASA) for Personal
Property Appraisers. The first of four required courses, PP/GJ 201 provides
individuals wishing to become appraisers with an introduction to the profession
and to the basic concepts necessary for appraisal practice. These concepts are
expanded throughout the remaining courses.
In the second course, participants learn about the
development (research and analysis) necessary to prepare an appraisal. In the
third course, participants produce learn about communicating an appraisal by
writing an appraisal report. The fourth course focuses on the legal and
regulatory environment in which appraisers work.
The courses have been
developed so that they must be taken in order. PP/GJ 201 is a prerequisite for
• General valuation theory;
• Basic appraisal terminology;
Economic concepts that apply to valuation;
• Introduction to the “appraisal
• Introduction to the ethical concerns of the appraiser; and
Introduction to the professional standards of the appraiser, The Uniform
Standards of Professional Appraisal Practice (USPAP).