SEF-APP7145 - National USPAP Update (7 Hour)

Course Description

This 7-hour course focuses on the changes to current edition of the Uniform Standards of Professional Appraisal Practice (USPAP).  It also address sections of USPAP that have not been changed but have been identified as problem areas. This course is intended to fulfill the 7-hour requirement as established by the Appraisal Qualifications Board (AQB) of the Appraisal Foundation.

Course Outline

A. Orientation - Introduction The Real Estate Industry

• Explanation of course
• Explanation of student manual and additional materials
• Explanation of course procedures
• Ground rules
• Questions

B.  History, Professionalism, Valuation Services and Appraisal Practice and the Preamble and Structure of the Uniform Standards of Professional Appraisal Practice      (USPAP). Responsibilities of Agents and Assistants

C.  USPAP Definitions and Rules

D.  USPAP Standard 1 - Real Property Appraisal, Development

• Standard 2 - Real Property Appraisal, Reporting

E.  USPAP Standard 3 - Appraisal Review, Development and Reporting

F.  USPAP Standard 4 and 5 - Real Property/Real Estate Appraisal Consulting, Development and Reporting

G.  USPAP Standard 6 - Mass Appraisal, Development and Reporting

H.  USPAP Standard 7 and 8 - Personal Property Appraisal, Development and Reporting

I.  USPAP Standard 9 and 10 - Business Appraisal, Development and Reporting

J.  USPAP Standard USPAP - Statements on Appraisal Standards and Advisory Opinions

K.  USPAP - Course Review

Learner Outcomes

This course is designed to aid appraisers in all areas of appraisal practice seeking updated competency in USPAP, including those subject to state licensing or certification and continuing education requirements imposed by professional organizations, client groups, or employers.

Notes

Lecture, Class discussion, Textbook