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 Dave
Bill
Hi!
Welcome to another edition of the ACA Appraiser's Update.
This issue brings you the latest in current topics of interest to the
personal property appraiser including:
- Appraisal
Procurement Fees vs. Finder's Fees
- The Use
of Retainers
- The
Appraiser-Client Relationship and Confidentiality
Also, be sure to
check out the below announcement of Dave Maloney's newest online
course, "How to Write Appraisal Reports." Using the latest in
web casting techniques, Dave explains in a clear and flowing fashion
the underlying standards and techniques used to ensure USPAP-compliant
reports, and he even provides examples of how you might word each
section of the report! Click on the below link to watch the short video
introduction to the course.
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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Appraisal Procurement Fee vs. Finder's Fee
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To pay or not to pay? To accept or
not to accept?
 Appraisers often wonder if they are allowed to request a
finder's fee when referring a would-be consignor to an auction house.
Or if they can pay others to send them appraisal business. It is a
confusing issue and the waters quickly become even more muddied when
one takes into consideration that many appraisers perform in other
roles, such as as dealers and auctioneers-roles which are not governed
by USPAP. USPAP sets forth requirements regarding fees or things of
value being pro-actively paid by one performing as an appraiser in
order to procure an assignment, but USPAP does not address accepting
finder's fees when performing in a role other than as an appraiser.
..more
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Maloney to Speak at ASA Conference Aug. 17th
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Meet Dave on Aug 17th
 Are you going to ASA's 2011 International
Conference in Washington, DC Aug 14-17th? If so, please stop
by and say hello. I'll be speaking Wednesday morning, the
17th, and would enjoy meeting you. - Dave
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The Appraiser-Client Relationship and Confidentiality
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Protect the confidential nature of
the appraiser client relationship
 There exists a special relationship between the appraiser
and the client, and the appraiser is obligated to protect the
confidential nature of that relationship. Specifically, the appraiser
must reveal neither the 1) results of an assignment nor 2) any
confidential information other than as permitted by the ETHICS RULE.
But what is meant by "confidential" information?
What constitutes the "assignment results"? Can the appraiser
discuss the assignment results with intended users other than the
client?...more
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New Online Course: How to Write Appraisal Reports
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15
web cast videos and numerous referenced resources make learning a snap!
 Novice personal property appraisers are often at a loss as
to how to actually write appraisal reports. And even experienced
appraisers may need help to better understand what forms the basis for
preparing reports, what information needs to be in a report and some
examples of how that information could be worded.
Appraisal
Course Associates is pleased to announce that managing partner, Dave
Maloney, a Certified appraiser and veteran appraisal course author and
instructor, has written the definitive online course, "How to Write Appraisal Reports,"
a unique, real-world, how-to course for the personal property
appraiser.
You
no longer need to suffer time away from work, or to needlessly pay for
expensive courses or the cost of travel to learn how to write appraisal
reports. Take this complete and professional course for only $89 at
your own convenience and learn How
to Write Appraisal Reports from the comfort of your home or
office.
Students
having had the 15-hr National USPAP Course as well as a course in the fundamentals of appraising
will benefit the most from this course. View the syllabus.
Using a series of fifteen video presentations, numerous
links to the referenced resources and course-related articles, and the
latest in presentation techniques, the four parts of this course are
complete with sample reports and cover a time-proven method for
preparing USPAP-compliant appraisal reports.
Click on the below image to watch an introduction to this
course. (Attention MAC users: to view the movies in this course, you
need the ability to play .wmv files. If you cannot play the below
movie, I suggest installing VLC Media Player, a free cross-platform
multimedia player.)
...more
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The Use of Retainers
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Many appraisers work against
retainers, particularly for large assignments
 An appraisal assignment retainer is a sum of money a
client gives the appraiser as an advance for appraisal services that
the appraiser has agreed to perform for the client. The retainer might
also include advance payment for anticipated expenses associated with
the appraisal assignment such as for the appraiser arranging for an
authentication service or for retaining the services of expert
appraisers to assist with the assignment. It is not an uncommon
practice for appraisers to request a retainer in some assignments. If
you do not know the client well or if the client does not have a good
payment history, you should require a retainer. In addition, it is
common to request a retainer when the assignment involves legal
matters-particularly in cases involving battling parties...more
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ACA Online USPAP Update Courses Acclaimed
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High marks received for the 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.
Accepted
as qualifying continuing education by major personal property appraisal
societies. Eliminate the cost of travel. Avoid being away from
work. Remain current in USPAP on your own schedule from the convenience
of home or office.
"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.
A 2012-2013 USPAP Personal Property Update Course is in
development and is expected to be available in January 2012. This
new course will be for appraisers who have successfully
passed the 15-hour National USPAP Course during 2010-2011, or have
remained updated for each USPAP biennial publication cycle since their
last 15-Hour USPAP Course. Remaining updated is accomplished by
taking USPAP update courses such as these offered by Appraisal Course
Associates...more about Update
Courses
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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!
Institutional subscriptions now available! Ask your local library to
subscribe so patrons can have free access - even from home!
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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