PP445-OOO - Personal Property Appraisal Report Writing Update

Course Description

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.

Course Audience

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.

Instructional Methods

Classroom exercises include object identification and descriptions and discussions of relevant markets.

Course Materials

Attendees will receive hard copies of the course materials at the class.