PP203-OOO - Communication of a Personal Property Appraisal: Report Writing

Registration

Please see the "Upcoming Classes" tab for class offerings and registration information.

Course Description

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.

Instructional Methods

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.

Course Audience

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.

Pre-Readings

Please obtain and review the required and recommended readings prior to attending class.

Agenda

Day One will include introductions of Instructor and Participants. The remaining days will begin with a review quiz.

The class will have a morning, lunch and afternoon break. A review will take place prior to the exam.

Learning Outcomes

Upon completion of this course, student will be able to:

• Understand the elements of an appraisal report;
• Understand the importance of the written communication of an appraisal report;
• Comprehend report standards and requirements;
• Develop the argument for a value conclusion;
• Develop writing skills for an appraisal prepared for insurance coverage; and
• Utilize of The Uniform Standards of Professional Appraisal Practice (USPAP) in appraisal report preparation.