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Dave,
Welcome to another edition of the ACA Appraiser's Update.
This edition contains Part 2 of AQB-Certified USPAP Instructor Bill
Novotny's article focusing on the generalist appraiser and steps the
appraiser must take when he/she has limited experience and knowledge
regarding a particular type of property. The two parts of this article
address competency issues that are of importance to us all.
Check out the recent award Dave Maloney received from the ISA for the
4th edition of his book, Appraising
Personal Property: Principles & Methodology!
Note, too, the announcement that USPAP Update Courses are now available
online!
Designed and taught by AQB-certified USPAP instructor, Bill Novotny,
these courses satisfy the USPAP update requirement of several major
appraisal societies.
Want to make your reports look just a bit more professional? Make use
of the Table as well as the Header/Footer features of MS-Word. Dave's
article explains these features and includes links to helpful how-to
videos.
We'll be offering our on-site 6-day course, Appraising Personal Property: A Core Course in
Valuation Studies Featuring USPAP, in Lincoln, NE July 28 -
Aug 2. This offering includes the complete 15-hr National USPAP Course
as well. Begin earning your designation as a personal property
appraiser with this complete course.
Also, below you will find a notice regarding the re-emergence of Maloney's
Antiques & Collectibles Resource Directory - now at Maloneysdirectory.com!
If you are a specialist (appraiser, dealer, auctioneer, expert, etc.),
you are welcome to be listed. There is no cost or obligation.
We hope you enjoy this issue. Feel free to submit your
appraisal-related questions to us should you have the need.
 Sincerely,
Dave Maloney and Bill Novotny
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Maloney Garners ISA Award for Appraisal Book
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International Society of Appraisers
recognizes "Appraising Personal Property: Principles &
Methodology"
  I am pleased and humbled by ISA's
recognition of the 4th edition of my book, Appraising Personal Property:
Principles & Methodology (Appraisers Press, 2010). The ISA is a
well-respected society of personal property appraisers, and I am
honored by this award...more
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Generalist Appraisers Face Competency Issues - Part 2
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 Generalist appraisers must be aware of the limitation of
their knowledge and experience. Such limitations could require the scope
of work to be expanded or a competency disclosure to be made to the
client.
(This is the second part of a two-part article focusing on the
generalist appraiser and the issue of competency. Go here for Part
One.)
This article builds upon the competency issues developed and discussed
in Part One, and it
explores those issues further by means of two hypothetical appraisal
assignments performed by John Morgan, a hypothetical, experienced generalist
personal property appraiser. In these two mini-case studies, John must
deal with critical competency issues for an insurance total loss
appraisal assignment and for a separate equitable distribution
appraisal assignment.
Hypothetical
Insurance Assignment: A Competency Disclosure or a Scope of Work
Disclosure?
In this hypothetical insurance assignment, fictional appraiser John
Morgan was contacted by Rachel Barnes, a senior insurance adjuster, to
appraise some items of personal property involved in a fire loss
claim... more
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ACA Online USPAP Update Courses Acclaimed
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High marks received for only online
USPAP Update Courses designed for the personal property appraiser.
 ACA's online USPAP Update Courses are designed to be
equivalent to (and even exceed) the 7-hour National USPAP Update
Course. Written and taught by AQB-certified USPAP instructor, Bill
Novotny, the online USPAP Update Courses are receiving high praise:
"I
would just like to reiterate that I think the ACA Online USPAP Update
Course provided by Appraisal Course Associates is very well done. It's
a straightforward, understandable course and very comprehensive."
"Thank
you again for your guidance and wisdom, Bill... It was unnerving how
much I learned compared to past USPAP courses. I learned a lot and
found out how much I've forgotten.... I really appreciate your service
and your sincere interest in seeing us through the process! A great
service and a great product! Now that's a successful combination!"
"Wow,
what a great course! It helped so much; I especially liked the case
studies. You provide an invaluable service to appraisers." ...more testimonials
There are three versions of the course: one for those who
last took the 15-hour National USPAP Course in 2008-2009, in 2006-2007,
and one for those who last took USPAP prior to 2006. ...more about Update
Courses
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Tables & Headers/Footers
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Use Tables and Headers/Footers to make your reports look
more professional.
 As a personal property appraisal course writer and
instructor since 1994, I've reviewed many appraisals submitted by my
students. Non-students also often ask me to review their appraisals for
completeness or for USPAP compliance. Other than a couple appraisers
who prepare their reports in MS-Excel, most all appraisals I have
reviewed are prepared in MS-Word.
Over the years I've often noticed a couple report shortcomings that
occur on a consistent basis - specifically, these shortcomings include
the failure of the appraiser to make use of MS-Word's "Table"
feature and MS-Word's "Header/Footer" feature.
It is for good reason that appraisers using Windows most often use
MS-Word to prepare their reports. MS-Word contains numerous features
which, if used, will result in a report that is not only well-designed
but also professional in appearance. But, as noted, two of the most
important but most frequently under-utilized features of MS-Word are
the Table feature and the Header/Footer feature...more
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Complete
Course for Appraisers: Lincoln, NE July 28-Aug 2
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"Appraising Personal Property:
A Core Course in Valuation Studies Featuring USPAP" is a
unique, all-inclusive course for the personal property appraiser.
 Developed by veteran course writer
and instructor Dave Maloney, AOA CM, in association with AQB-certified
USPAP instructor Bill Novotny, ISA AM, CGA, Appraising Personal Property: A Core Course in
Valuation Studies Featuring USPAP is a six-day, on-site
comprehensive course covering the theory, principles and methodology
that lay the foundation for ethical, complete, reasoned, and
well-communicated value conclusions and appraisal reports. This
offering even includes the 15-hr National USPAP Course (also available
separately Aug 1 - Aug 2)!
- Date:
July 28 - Aug 2, 2011
- Cost:
$1495 plus text books
Course Details
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Maloney's Antiques & Collectibles Resource Directory
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Dave Maloney announces the return of "Maloney's
Antiques & Collectibles Resource Directory" - now online!
 For fourteen years Maloney's was
published in book form during which time it was hailed as the
"...best one-volume research tool in print" (Gannett News
Service) and as a Best Reference Book (Library Journal.) With over
17,000 resources in over 3,000 categories of antiques and collectibles,
"Maloney's" is known for its accuracy and for being the only
comprehensive resource of its kind in existence. And now this Who's Who
of the antiques and collectibles trade is online and fully-searchable
with subscriptions beginning as low as $9!
Specialist antiques- and collectibles-related resources such specialist
collectors, dealers, experts, appraisers, clubs, etc. are welcome to
submit their listing application at http://www.maloneysdirectory.com. Be sure
to do a Basic Search to
see if you are already listed. If so, view, edit, add listings. As
usual, there is no cost or obligation for being listed in
"Maloney's."
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Complete ONLINE Appraisal Course
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First and only complete online
course for the personal property appraiser
 This online course makes
use of the latest in sophisticated university-level learning management
software to present a thorough and professionally-designed learning
experience complete with reading assignments, Flash video reviews, a
detailed online glossary, self-assessed testing, and, most importantly,
course material that is thoroughly integrated with USPAP - a first in
the profession...more
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Appraising Personal Property: Principles &
Methodology,
4th Edition
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Appraising Personal Property:
Principles & Methodology - 4th Ed. by Dave Maloney
(Appraisers Press, 570 pages, softcover, 8 1/2 x 11, $79.95 + S&H)
With 570 pages, this
edition is bigger and better than ever: fully-edited for clarity,
scores of new topics and expanded discussions, fully USPAP-compliant,
and with all-new sample appraisals that help ensure completeness,
understandability and USPAP compliance of written appraisal reports. Changes made to 4th
edition.
"I concluded that it was very probably the most
thorough book on appraising personal property available in the
marketplace today. Moreover, because the volume was built around USPAP,
it did not get bogged down in the competing terminologies used by
various appraisal societies in their education programs. The book was
relevant to all personal property appraisers using USPAP as their
practice guideline."
Stephen P. Sweeting, MRICS
more/buy
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New Educational Opportunity for Appraisers
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Here's a new opportunity to improve your knowledge of
decorative arts. Sponsored in part by p4a.com, the
first Midwest
Antiques Forum will be held in Lancaster, Ohio at the
Decorative Arts Center of Ohio, May 13-15, 2011 in connection with
the exhibition Equal
in Goodness: Ohio Decorative Arts 1788-1860. The schedule
includes lectures by, among others, Bill Puig (French style in the
Midwest), Emily Pfotenhauer (Wisconsin decorative arts), and Trish
Cunningham (Midwestern textiles), along with local tours and a panel
discussion with auctioneers Wes Cowan and Jeff Jeffers and
dealer/scholar Chuck Muller on Midwestern decorative arts in the
marketplace. This is likely to be a great opportunity for appraisers to
acquire continuing education credits.Visit MidwestAntiquesForum.com
for more information and to register.
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