The “national” course refers to USPAP courses taught for certification of real property appraisers and focuses on examples from real property appraisal practice. The PP USPAP course refers to USPAP courses that are taught for PP, GJ, and MTS appraisers and focuses on examples from personal property appraisals. The BV USPAP course refers to the USPAP courses that are taught for BV appraisers and focuses on examples from business valuation appraisals.
Members of organizations that are “sponsors” of The Appraisal Foundation (like ASA) must require their members to comply with and be current with USPAP. This includes all members of ASA, regardless of membership level. There are two exceptions to this requirement:
The first time an appraiser takes USPAP, he/she must take the 15-Hour Course and pass the associated exam. This provides the appraiser with information about the entire document.