2020-2021 15-Hour USPAP for Personal Property, Gems & Jewelry, and Machinery & Technical Specialties

Tuesday, March 22, 2022-Wednesday, March 23, 2022

Class Registration Includes

• One registrant log-in to the live sessions on March 22-23, 2022
• Downloadable course materials:
  • 2020-2021 USPAP eBook
  • 2020-2021 Student Manual
  • Any additional handouts i.e. administrative/exam guidance, if applicable

Please note: The Appraisal Foundation has extended the 2020-2021 15-Hours USPAP to December 31, 2022.

All course materials included with your registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your ASA profile in ASA Central (login required). Once eMaterials have been posted for download, the class is no longer refundable.

What is USPAP?

USPAP stands for "The Uniform Standards of Professional Appraisal Practice" and is published by The Appraisal Foundation (TAF) headquartered in Washington, DC. In 1989, Congress enacted the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), which authorized TAF as "THE" source of appraisal standards and appraiser qualifications. "USPAP is the generally recognized ethical and performance standards for the appraisal profession in the United States" and was adopted by Congress in 1989.  USPAP contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. USPAP is updated every two years providing appraisers with the information they need to deliver unbiased and thoughtful opinions of value.

What is the 15-Hour USPAP Update Course for Personal Property?

This course is specific to users of USPAP Standards 7 and 8 (GJ, MTS and PP) and will meet current USPAP requirements established by the Appraisal Foundation.  The 15-hour PP USPAP is an all-encompassing course providing an in-depth knowledge of all areas within USPAP.  USPAP provides the Foundation for competent performance from which all appraisers should practice and this course reviews those Foundations in detail.  The course emphasizes the role of the appraiser and the impartiality associated with this role. Using lecture, discussion and real world examples, the course demonstrates how USPAP applies to situations that personal property appraisers encounter in their everyday practice.

Who should attend?

This is the USPAP course developed specifically for users of Standards 7 and 8. This course will familiarize students with the recognized standards governing professional appraisals. This 15-hour USPAP for Personal Property course is approved by the Appraisal Standards Board of the Appraisal Foundation.

Important note: This course does not meet the Appraisal Foundation’s USPAP continuing education requirements for Real Property appraisers. This course will not be accepted by state real property licensing boards or for CE credit for state licensing of real property appraisers. This course may be used to meet qualifying USPAP requirements for beginning Real Property students who are seeking state certification, however, it is the responsibility of the student to verify acceptance of this course with his/her state prior to registering.

Learning Level 

Fundamental 

Continuing Education and Contact Hours

14 instruction hours and 1 exam hour

Class Schedule

10:00 a.m. - Log In/Roll Call
10:15 a.m. - Lecture Starts
1:00 p.m. - Lunch *
2:00 p.m. - Lecture and Discussion Resumes
6:00 p.m. - Wrap Up/Conclusion

*Subject to change

Upon completion of this course, students should be able to:

• Prepare appraisals in full compliance with the current Uniform Standards of Professional Appraisal Practice;
• Utilize the new definitions in USPAP in appraisal preparation;
• Recognize how the changes in USPAP will affect appraisal reporting;
• and Identify many of the current problems faced by personal property appraisers and how to use USPAP to solve and/or better handle them.