PP204 Personal Property Valuation: The Legal and Commercial Environments

  • Registration Closed

Online registration is now closed.

If you'd still like to register for this class, please email education@appraisers.org

Course Description

This course introduces students to compliance with laws and regulations in order for them to conduct their Personal Property appraisal practices. Using the information learned in the previous courses, participants expand their understanding of professional standards and the ethical requirements of an appraiser. The class allows students to utilize their analysis techniques for concluding Fair Market Value in an appraisal  assignment. Further insight into the auction market, the insurance industry, and how tort law affects appraisers is covered in this class. PP204 also examines the legal court precedents on which many appraisal practices and regulations are based.  As part of the class, students develop a Fair Market Value oral appraisal report for the property that they appraised in PP203.

Instructional Methods

Instructor will present material through lecture and PowerPoint as well as classroom exercises and group discussions. Overnight 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 fourth 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 stay informed about the current laws and regulations related to appraisal practice and Fair Market Value requirements.

Required Readings

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

Learning Level 


Continuing Education and Contact Hours

28.8 ASA CE Instructional Hours and 3 Exam Hours

Learning Outcomes

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

  • Explain how court cases that have established precedents in appraisal practice;
  • Demonstrate the expanded use of Fair Market Value;
  • Present an appraisal in comprehendible terms that work with the insurance industry;
  • Discuss the Ethical and professional standards in USPAP;
  • Cite the other functions of an appraiser;
  • and Provide an expanded look/ explanation of the auctions marketplace.

Important Class Information

Monday, June 13, 2022 - Friday, June 24, 2022
12:00pm - 4:30pm Eastern US

PP204 is being presented online via Zoom and will be taught by a live instructor over the course of  two weeks. Students will meet virtually with the instructor three times a week for 4.5 hours each session, and engage in discussions, exercises, and post-session assignments. The class includes a total of 6 sessions. 

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.

Class registration will close Monday, June 6.

Class Registration Includes

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

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.

Class Schedule (All Class Times are Eastern US)

Session 1 - Monday, June 13 - 12:00pm - 4:30pm
Session 2 - Wednesday, June 15 - 12:00pm - 4:30pm
Session 3 - Friday, June 17 - 12:00pm - 4:30pm
Session 4 - Monday, June 20 - 12:00pm - 4:30pm
Session 5 - Wednesday, June 22 - 12:00pm - 4:30pm
Session 6 - Friday, June 24 - 12:00pm - 4:30pm

Please note: Partial credit will not be awarded for this offering. Students must participate in six (6) live online sessions to complete the course and receive full credit. The sessions will not be recorded and/or made available after the class. 


Class Session #1
06/13/2022 at 12:00 PM (EDT)   |  270 minutes
06/13/2022 at 12:00 PM (EDT)   |  270 minutes Monday, June 13 - 12:00 p.m. - 4:30 p.m. Eastern
Class Session #2
06/15/2022 at 12:00 PM (EDT)   |  270 minutes
06/15/2022 at 12:00 PM (EDT)   |  270 minutes Wednesday, June 15 - 12:00 p.m. - 4:30 p.m.
Class Session #3
06/17/2022 at 12:00 PM (EDT)   |  270 minutes
06/17/2022 at 12:00 PM (EDT)   |  270 minutes Friday, June 17 - 12:00 p.m. - 4:30 p.m.
Class Session #4
06/20/2022 at 12:00 PM (EDT)   |  270 minutes
06/20/2022 at 12:00 PM (EDT)   |  270 minutes Monday, June 20 - 12:00 p.m. - 4:30 p.m.
Class Session #5
06/22/2022 at 12:00 PM (EDT)   |  270 minutes
06/22/2022 at 12:00 PM (EDT)   |  270 minutes Wednesday, June 22 - 12:00 p.m. - 4:30 p.m.
Class Session #6
06/24/2022 at 12:00 PM (EDT)   |  270 minutes
06/24/2022 at 12:00 PM (EDT)   |  270 minutes Friday, June 24 - 12:00 p.m. - 4:30 p.m.
Proctoring Session #1
06/27/2022 at 2:00 PM (EDT)   |  180 minutes
06/27/2022 at 2:00 PM (EDT)   |  180 minutes
Proctoring Session #2
06/29/2022 at 12:00 PM (EDT)   |  180 minutes
06/29/2022 at 12:00 PM (EDT)   |  180 minutes
PP204 Class Evaluation
16 Questions
Course Certificate
31.80 CE credits  |  Certificate available
31.80 CE credits  |  Certificate available Open certificate for the option to print.