Important Notice:
The Appraisal Foundation approval for the course content in this course will expire at the end 2009. In order to receive credit for the course from the Appraisal Institute or from any state, you MUST complete the course before midnight central time on December 31, 2009.

After this deadline, you will be required to complete the 2010-2011 version of the course. Please note that at this time, the 2010-2011 version of the course is not yet offered online. The course will not be offered online until later in 2010.

Overview:
This 2008 USPAP update course, copyrighted by The Appraisal Foundation, focuses on recent changes to USPAP requirements for ethical behavior and competent performance by appraisers. The course, which clarifies several commonly misunderstood aspects of USPAP, will 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.

The course material emphasizes the role of the appraiser and the appraiser's impartiality associate with this role. The special responsibilities of the appraiser with regard to impartiality are explored in detail. In addition to lectures, the course includes Discussion Examples that show how USPAP applies to situations that appraisers as professionals in the appraisal of real property, personal property, and businesses or intangible assets, in appraisal review, and in real property appraisal consulting assignments.

Please verify that this program is approved for credit in your state before registering.

Members Only: As part of your membership in the Appraisal Institute, in addition to the reduced class tuition, you are eligible to obtain one copy of USPAP each year. Students may enroll in an optional Package which includes a printed, bound edition of USPAP delivered within 7 days after enrolling in the class. The additional $30 fee for this package is waived if you are a Member of the Appraisal Institute. See "For Further Reading" link below for details.


Syllabus:
Module 1: USPAP History and Application
Module 2: USPAP Obligations
Module 3: Changes in the 2008-2009 USPAP
Module 4: New Advisory Opinions
Module 5: Common USPAP Misunderstandings and Violations
Module 6: Hot Topics and Real-Life Applications

Learning Objectives:

• Identify the revisions to USPAP adopted for the 2008-2009 Edition.
• Identify areas of USPAP that are commonly misunderstood and that lead to USPAP errors and violations.
• Identify real-world scenarios you're likely to encounter in daily practice and how to interpret and apply USPAP to these challenging situations.
• Recognize the roles of The Appraisal Foundation, the ASB, the AQB, and how they relate to the state regulators who carry out appraisal enforcement actions.