2022-2023 7-Hour USPAP Update for Personal Property, Gems & Jewelry, and Machinery & Technical Specialties

Friday, March 11, 2022

Presented by the ASA Portland Chapter

Registration for this class is now closed.

Class Registration Includes

• One registrant log-in to the live session on March 11, 2022
• Course materials:
  • 2022-2023-Student Manual
  • 2022 Reference Manual

Important note: There is not a new USPAP book for the 2022-2023 USPAP Update courses, so this course will use the same USPAP book that you received when you took the 2020-2021 USPAP course. You must bring your 2020-2021 USPAP book to this class. If you no longer have a copy of your USPAP book, ASA members can purchase a copy of the book here and non-members can purchase a copy here.

Description

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 7-Hour USPAP Update Course for Personal Property?

The 7-Hour USPAP Update Course for Personal Property will familiarize users of USPAP Standards 7 and 8 (GJ, MTS and PP) with recent, significant revisions to USPAP that impact every practicing appraiser in the personal property arena. In addition, the course confronts some of the regularly misunderstood concepts in USPAP and reviews their application through the use of other communications published by the Appraisal Standards Board. This course will meet current USPAP continuing education requirements established by the Appraisal Foundation for GJ, MTS and PP appraisers.

Who should attend?

Individuals who have completed the full 15-hour USPAP course and only require updated information, specifically PP, GJ and MTS professionals.

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

7 instruction hours

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.