PP445-OOO - Personal Property Appraisal Report Writing Update
Category: Personal Property
Continuing Education: 10.8
Registration
Please see the "Upcoming Classes" tab for class offerings and registration information.
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.
Instructional Methods
Classroom exercises include object
identification and descriptions and discussions of relevant markets.
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.
No prerequisites for this course.
Agenda
Morning
- Introductions of Instructors and Participants
- Introduction to the Report Writing Update Course:
Elements of the Report
- Discussion of the Requirements for Scope of Work decisions: intended use,
intended users, types of value
Morning Break
- Discussion of the Requirements for Scope of Work
decisions (dates, assignment conditions, Property characteristics)
- Other Elements of the Appraisal Report: certification, privacy policy,
glossary, bibliography, CV/Résumé/Qualifications, Approaches to Value
Lunch Break
- Types of Reports and Formats: Pagination, Table of
Contents, Types of Reports
- Letter of Transmittal
- Property Description
Afternoon Break
- Narrative and its Components
- Dos and Don’ts
Learning Outcomes
Upon completion of this course, students will be able
to:
- Describe the valuation theories and concepts currently
taught in ASA's POV courses (PP201 - PP204);
- Discuss recent changes that have occurred in appraisal
techniques, methodologies and terminology;
- Review and understand the required parts of the
appraisal report in relation to the ASA “Report Writing Checklist”;
- Review and understand the “sample
report” prepared for current POV students;
- Prepare
up-to-date, cohesive, logical and well-organized appraisal reports; and
- Critically review their own reports.
Pending, Instructor | |
Tropper, Sandra | Bethesda, MD United States |