PLEASE BE SURE TO CONFIRM STATE APPROVAL BEFORE REGISTERING FOR THIS PROGRAM: 15-Hour USPAP State Approvals.
This 15-hour course covers the fundamentals of ethical behavior and competent performance expected of professional appraisers. The course is designed to comply with requirements for state licensed/certified appraisers and it highlights the role of the appraiser and the impartiality necessary while acting in that role. Participants will learn how the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP) affect their assignments within the appraisal profession.
Overall Learning Objectives
The module objectives are incorporated into the overall objectives for the Appraisal Institute’s 2016-2017 15-Hour Equivalent USPAP Course as identified below:
- Identify the purpose and structure of The Appraisal Foundation and the importance of maintaining public trust in appraisal services.
- Recognize the design structure, and the primary content sections of the 2016-2017 USPAP publication with emphasis on the Definitions, Preamble, Rules and Standards.
- Recognize the role of the appraiser in performing valuation services and the impartiality associated with the appraiser’s role.
- Identify “real-world” scenarios illustrating USPAP applications to situations that appraisers encounter in daily practice.
Pre-Course Assessment - Testing Your Current Knowledge of USPAP
Module 1: USPAP and the Process of Change
Module 2: USPAP Definitions
Module 3: PREAMBLE and When USPAP Applies
Module 4: The First Three Rules of USPAP
Module 5: SCOPE OF WORK RULE
Module 6: JURISDICTIONAL EXCEPTION RULE
Module 7: STANDARD 1 - Real Property Appraisal, Development
Module 8: STANDARD 2 - Real Property Appraisal, Reporting
Module 9: STANDARD 3 - Appraisal Review
Module 10: STANDARDS 6 - 10
Module 11: Advisory Opinions and FAQs
Post-Course Assessment - Testing Your Knowledge of USPAP
The Appraisal Institute's online 2016-2017 15-Hour Equivalent USPAP Course is divided into 11 modules and follows the required topical content established by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation.
As you proceed through the course you will discover that impartiality is an integral part of what defines an appraiser. The course emphasizes the appraiser’s role and how impartiality is associated within that role under various assignments—the very types of assignments appraisers perform in everyday practice. This course has an emphasis on the application of USPAP in everyday practice—and that will be evident in every module.
This course is an introduction to USPAP, and therefore many in our class will be focused on assignments that involve the appraisal or appraisal review of real property. However, USPAP extends to assignments involving personal property, and business or intangible assets. A clear understanding of USPAP fosters both ethical behavior and competent practice in all appraisal disciplines.
Quizzes are presented at specific points within each module to test your mastery of USPAP concepts. As noted earlier, The Appraisal Foundation (TAF) establishes the content that is required to be covered in all 2016-2017 15-Hour Equivalent USPAP Courses. Nonetheless, it is our goal to deliver the required content in a manner that you’ll find engaging as well as educational.
A feature we have in the Appraisal Institute’s online 2016-2017 15-Hour Equivalent USPAP Course is a video clip case study application in nearly all of the 11 modules.
The course includes a 1-hour exam proctored at a Pearson national testing facility.
Do I have to take the 1-hour course exam?
You are required to complete and pass the proctored offline exam if:
• you are taking this class to meet state qualifying education requirements
• you are taking this class to meet the qualifying education requirements for an Appraisal Institute designation
• you are taking this class to meet Appraisal Institute continuing education requirements.
You may be required to complete and pass the proctored offline exam if:
• you are taking this class to meet state continuing education requirements. Most states do not require the exam for CE credit, but please confirm this with your state licensing board.
You will have 90 days from the time that you complete the course to take the proctored exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai.
AI CE Credit for Designated members and Practicing Affiliates
• Attend Only = 70 points
• Attend and Pass Exam = 75 points