Please find the library of PP courses offered by ASA including both introductory and advanced courses.
This is the first class of the Principles of Valuation (POV) course of study of the American Society of Appraisers (ASA) for Personal Property Appraisers. The first of four (4) required courses, this course 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 three remaining courses.
In the second course (PP202), participants learn about the development (research and analysis) necessary to prepare an appraisal. In the third course (PP203), participants learn about communicating an appraisal by writing an appraisal report and the fourth course (PP204) focuses on the legal and regulatory environment in which appraisers work. Please note: these courses have been developed so that they must be taken in order.
Instructor will present material through lecture and PowerPoint as well as classroom exercises and group discussions. Overnight assignments may be given for review and discussion.
This course provides individuals wishing to become appraisers, or related professionals interested in augmenting their valuation skills, with an introduction to the profession and to the basic concepts necessary for appraisal practice. Candidates and designated appraisers who have successfully completed this course may wish to retake this class to brush up and stay informed about the currently accepted principles of valuation.
PP202 is the second class in the Principles of Valuation course of study of the American Society of Appraisers (ASA) for Personal Property Appraisers. The PP202 class covers the development of the scope of work for appraisal assignments, including methods of research and analysis of markets, and Approaches to Value. This course also provides students with expanded appraisal terminology. Students research the property they selected in PG201 and learn to analyze the data to conclude value - they will learn to communicate that information in a professional appraisal report in PP203. The class instructor will be available to assist in final selection of the property. Note: The property should have a Replacement Value of at least $5,000.00 but not exceeding $250,000.00. This course is a prerequisite for PP203. Successful completion of PG201 is a prerequisite for this course.
Instructor will present material through lecture and PowerPoint as well as classroom exercises and group discussions. Overnight assignments may be given for review and discussion, as well as for the next class.
This course provides individuals wishing to become appraisers, or related professionals interested in augmenting their valuation skills, with the second course introducing the research and appraisal development concepts necessary for appraisal practice. Candidates who have previously successfully completed this course and designated appraisers may wish to retake this class to brush up and stay informed about the currently accepted appraisal research and development requirements.
This course provides participants with the basics of communicating an appraisal as a written report. The instructor reviews the required parts of an appraisal report and provides guidance on organizing a document that presents a logical argument for value. Participants use the terms they acquired in PG 201 and the methodology they learned in PP 202 in class exercises to complete their appraisal and prepare the appraisal report for review by the instructor.
Instructor will present material through lecture and PowerPoint as well as classroom exercises and group discussions. Overnight writing assignments will be given for review and discussion.
This course provides individuals wishing to become appraisers, or related professionals interested in augmenting their valuation skills, with the third course introducing the concepts necessary for appraisal practice. Candidates who have previously successfully completed this course and designated appraisers may wish to retake this course to brush up and stay informed about the currently accepted appraisal report format including IRS and USPAP requirements, as well as the report writing requirements as developed by the ASA’s Personal Property Committee.
This course introduces students to compliance with laws and regulations in order for them to conduct their Personal Property appraisal practices. Using the information learned in the previous courses, participants expand their understanding of professional standards and the ethical requirements of an appraiser. The class allows students to utilize their analysis techniques for concluding Fair Market Value in an appraisal assignment. Further insight into the auction market, the insurance industry, and how tort law affects appraisers is covered in this class. PP204 also examines the legal court precedents on which many appraisal practices and regulations are based. As part of the class, students develop a Fair Market Value oral appraisal report for the property that they appraised in PP203.
Instructor will present material through lecture and PowerPoint as well as classroom exercises and group discussions. Overnight assignments will be given for review and discussion.
This course provides individuals wishing to become appraisers, or related professionals interested in augmenting their valuation skills, with the fourth course introducing the concepts necessary for appraisal practice. Candidates who have previously successfully completed this course and designated appraisers may wish to retake this course to stay informed about the current laws and regulations related to appraisal practice and Fair Market Value requirements.
This course provides Personal Property Appraisers with the most up-to-date information about the preparation of an appraisal report, per the standards of the ASA Personal Property Committee and the current version of the Uniform Standards of Professional Appraisal Practice (USPAP). This course was developed:
To provide information about current content and format requirements for personal property appraisal reports, as developed by the ASA Personal Property Committee. The changing nature of the profession demands that appraisers remain current with methodologies, terminology and content requirements;
To assist candidates in preparing appraisal reports for submission to the Board of Examiners for accreditation (or for AMs advancing to ASA). Candidates often require several years to complete their experience requirement before they submit appraisal reports. This updated information and report requirements review for accreditation will help them prepare appraisal reports that meet the standards of the Board of Examiners of the ASA Personal Property Committee and the current version of USPAP; and
To provide candidate members of ASA who belong to other personal property accrediting organizations with the opportunity to learn the ASA report writing requirements for their final steps in the ASA accreditation process.
This course will review the Scope of Work Rule from USPAP and its various aspects including intended use, intended users, type of value, effective dates and approaches to value and relevant markets. This course focuses on the information that must be communicated to clients and intended users to make the appraisal report USPAP compliant.
Classroom exercises include object identification and descriptions and discussions of relevant markets.
This course is designed for appraisers and candidates who have successfully completed PP203 (Communication of a Personal Property Appraisal: Report Writing); and are preparing appraisal reports for submission to the Board of Examiners for accreditation. This course is appropriate for candidates bridging from other organizations and for AMs or ASAs who need to remain informed about the currently accepted appraisal report format as developed by the ASA's Personal Property Committee.