PP204 Personal Property Valuation: The Legal and Commercial Environments

Includes Multiple Live Events. The next is on 08/22/2023 at 11:00 AM (EDT)

2023 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

Tuesday, August 22, 2023 - Thursday, August 24, 2023
11:00am - 7:00pm Eastern US

Class registration will close Tuesday, August 15, 2023.

Registration Includes

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

Class Format

PP204 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.

Class Schedule 

All Times are Eastern US

Session 1 - Tuesday, August 22 - 11:00am - 7:00pm
Session 2 - Wednesday, August 23 - 11:00am - 7:00pm
Session 3 - Thursday, August 24- 11:00am - 7:00pm
Exam Proctoring - Monday, August 28 - 11:00am - 2:00pm 

Please note: Partial credit will not be awarded for this offering. Students must participate in three (3) ive 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 Credit

This 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 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.

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

Required Readings

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

Learning Level 

Fundamental 

Continuing Education and Contact Hours

28.8 ASA CE Instructional Hours and 3 Exam Hours

Prerequisites

Students must have successfully completed PP203 prior to registering for PP204.

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.

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.

Key:

Complete
Failed
Available
Locked
Zoom Session #1
08/22/2023 at 11:00 AM (EDT)   |  480 minutes
08/22/2023 at 11:00 AM (EDT)   |  480 minutes
Zoom Session #2
08/23/2023 at 11:00 AM (EDT)   |  480 minutes
08/23/2023 at 11:00 AM (EDT)   |  480 minutes
Zoom Session #3
08/24/2023 at 11:00 AM (EDT)   |  480 minutes
08/24/2023 at 11:00 AM (EDT)   |  480 minutes
PP204 Class Evaluation
16 Questions
Exam Proctoring Session
08/28/2023 at 11:00 AM (EDT)   |  180 minutes
08/28/2023 at 11:00 AM (EDT)   |  180 minutes
Verification Code
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PP204 Exam
100 Questions  |  1 attempt  |  180 minute limit  |  75/100 points to pass  |  Graded as Pass/Fail
100 Questions  |  1 attempt  |  180 minute limit  |  75/100 points to pass  |  Graded as Pass/Fail
Required Action Post Exam
1 Question  |  1 attempt  |  0/1 points to pass
1 Question  |  1 attempt  |  0/1 points to pass
PP204 Course Certificate
31.80 CE credits  |  Certificate available
31.80 CE credits  |  Certificate available Open certificate for the option to print.