PLEASE BE SURE TO CONFIRM STATE APPROVAL BEFORE REGISTERING FOR THIS PROGRAM: 7-Hour USPAP State Approvals.
Please contact email@example.com for questions relating to state approvals.
This seven hour update course focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers. The course emphasizes the application of USPAP in everyday practice with the intent to clarify commonly misunderstood aspects of USPAP. 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, will benefit from the content presented in the course.
These are the general learning objectives identified by The Appraisal Foundation for the Appraisal Institute’s 2018-2019 7-Hour Equivalent USPAP Update Course:
- Present and explain the new revisions to USPAP adopted in 2017 and effective from January 1, 2018 through December 31, 2019.
- Present the current changes to USPAP in a variety of scenarios for class discussion.
- Present scenarios that challenge participants to interpret and apply USPAP to situations they encounter in their daily practice.
Introduction and Course Overview
Pre-Course Assessment: Testing Your Current Knowledge of USPAP
Module 1: USPAP and the Process of Change
Module 2: 2018-2019 Changes to USPAP DEFINITIONS
Module 3: 2018-2019 Changes to USPAP STANDARDS
Module 4: 2018-2019 Changes to USPAP Advisory Opinions
Module 5: USPAP Flexibility and Expectations
Post-Course Assessment: Testing Your Knowledge of USPAP
The Appraisal Institute's 2018-2019 7-Hour Equivalent USPAP Update Course is focused on the recent changes to USPAP for 2018-2019. The Appraisal Foundation has placed an emphasis on illustrating USPAP application in real-world examples. This course fulfills this requirement with practical examples, pre- and post-course diagnostic quizzes, problem-solving exercises, and multimedia case studies.
The course is all about changes to USPAP and Module 1 begins by addressing why and how USPAP gets changed to gain an understanding of where the changes originate. Exposure Drafts play an important role in the changes and provide the rationale behind the edits and modifications to USPAP. Module 2 addresses the changes in DEFINITIONS for the 2018-2019 USPAP while focusing on edits made to the STANDARDS. A number of Advisory Opinions were updated and, in some cases substantial edits were made, such as in Advisory Opinion 1 covering the topic of Sales History. Module 4 examines these changes to the Advisory Opinions. Module 5 takes a deeper look at scope of work fundamentals and achieving the right balance between USPAP flexibility and client expectations. This module also addresses what is expected when USPAP requires appraisers to “analyze” various components in the appraisal process.
AI CE Credit for Designated members and Practicing Affiliates
• Attend Only = 35 points