PP201 Introduction to Personal Property Valuation

2024 Personal Property Appraisal Summer Camp

To register for all four Personal Property Principles of Valuation classes (PP201, PP202, PP203, and PP204) and save $500, please click here.

Class Date/Time

Monday, July 15, 2024 - Friday, July 19, 2024
10:00am - 6:00pm Eastern US

Class registration will close Monday, July 8, 2024.

Registration Includes

• One registrant log-in to the live sessions
• Electronic student materials

Class Format

PP201 is being presented online via Zoom and will be taught by a live instructor over the course of  three days with an exam on the fourth day. Students will meet virtually with the instructor over the internet and will engage in discussions, exercises, and post-session assignments.

Students will need to have their webcams enabled for the duration of the class.

Class Schedule

All Times Listed in Eastern US

Session 1 - Monday, July 15 - 10:00am - 6:00pm
Session 2 - Wednesday, July 19 - 10:00am - 6:00pm
Session 3 - Friday, July 19 - 10:00am - 6:00pm
Exam Proctoring - Monday, July 22 - 10:00am - 1:00pm

Please note: Partial credit will not be awarded for this offering. Students must participate in three (3) live online sessions to complete the course and receive full credit. The sessions will not be recorded and/or made available after the class.

Continuing Education (CE)

Class provides 28.8 ASA CE Instructional Hours and 3 Exam Hours.

Additional Information

ASA-accredited members (AM, ASA, FASA) who would like to attend this class will receive a 50% discount. This discount will be automatically applied at checkout.

Course Description

This is the first class of the Principles of Valuation (POV) course of study of the American Society of Appraisers (ASA) for Personal Property Appraisers. The first of four (4) required courses, this course provides individuals wishing to become appraisers with an introduction to the profession and to the basic concepts necessary for appraisal practice. These concepts are expanded throughout the three remaining courses.

In the second course (PP202), participants learn about the development (research and analysis) necessary to prepare an appraisal. In the third course (PP203), participants learn about communicating an appraisal by writing an appraisal report and the fourth course (PP204) focuses on the legal and regulatory environment in which appraisers work.  Please note: these courses have been developed so that they must be taken in order. 

Instructional Methods

Instructor will present material through lecture and PowerPoint as well as classroom exercises and group discussions. Overnight assignments may 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 an introduction to the profession and to the basic concepts necessary for appraisal practice. Candidates and designated appraisers who have successfully completed this course may wish to retake this class to brush up and stay informed about the currently accepted principles of valuation.

Learning Level 

Fundamental 

Learning Outcomes 

Upon completion of this course, students will gain a solid knowledge of: 

• General valuation theory and basic appraisal terminology
• Economic concepts that apply to valuation
• The basic “appraisal process”
• Ethical concerns of the appraiser
• The professional standards of the appraiser - The Uniform Standards of Professional Appraisal Practice (USPAP)

Continuing Education and Contact Hours

28.8 ASA CE Instructional Hours and 3 Exam Hours

Required Reading Prior to Class

ASA Monographs

Students should purchase, download, and read Monographs #1, #2, #3, #4, #8, and #13 from The Appraisal of Personal Property Monograph Series.

Monographs are available for purchase here. Please note: monographs must be downloaded within three (3) days of purchase.

USPAP

The current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) must be purchased and brought to class. Prior to class, students should read:

• The Ethics Rule
• The Competency Rule
• The Scope of Work Rule

ASA members can purchase the USPAP book here. Non-members can purchase the book directly from The Appraisal Foundation here.

Additional Required Reading

Smith, Charles W., Auctions: The Social Construction of Value, University of California Press, 1990.

eMaterials

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 education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.

Accessing eMaterials

eMaterials are provided electronically in PDF format and posted to the class within the Education Dashboard for all registrants to securely access prior to the start of the class. Attendees should come to class prepared with an electronic or printed copy of all eMaterials to use as a reference. OnDemand course registrants receive access to materials immediately following registration.

PDF course materials are presented in color, are bookmarked, and comment enabled. When opting to print downloaded materials, it is recommended that personal print settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.

Certificate of Completion

Please allow 5-10 business day following successful completion of the course or final exam to receive a formal status notification and access to a certificate of completion. The certificate will be available to view and/or download from within the class listed in your Education Dashboard.

Please read the following information in its entirety to ensure a successful exam experience. 

1. ASA requires the use of a PC/Mac/laptop with webcam capabilities in order to take your online exam. Mobile devices are not acceptable.
2. The day of your exam, please login to your online open examination session via the Zoom link/details within the Contents tab above. 
3. Make sure your webcam is on and that you are muted.
4. Your examination session will be monitored by an online proctor (either an ASA staff member or an instructor). This individual will provide you with their contact information should you need to reach them during the exam.
5. Your exam may be accessed via the class page on your dashboard.
6. PLEASE NOTE – You may not reference any of the course materials or classroom notes, nor may you access any websites or any other resources during the exam.
7. Lastly, ASA has transitioned to online exams to accommodate the continuation of learning. In the unlikely event you run into any technical issues or you are inadvertently kicked out of the exam, we STRONGLY recommend you keep a written record of all your answers on a separate piece of paper as you take the exam. In case there is an unforeseen issue, you will have your answers at the ready to reload into the exam software or to send to ASA via email as backup.

Financial Assistance

ASA’s Educational Foundation recognizes students who choose to invest their time in appraisal studies by providing assistance to students demonstrating a financial need. Please visit the Educational Foundation's webpage for more information and to download an application.