Additional Class Information for 2-day
USPAP Course
(Registrants
for the 6-day Appraisal course click here for class information)
Prerequisites
There
are no educational or experience prerequisites to attending
this course. Pre-class reading assignments are explained here.
Tuition
Payment
in full is required with enrollment application. Note that
a $50 late fee is required if registration is not received
within 35 days of start of class. Register.
Enrollment
All
classes are limited in size. Registrations are accepted in
the order in which they are received. If the class size is
exceeded, you will be so notified by email. In such cases,
payments received will either be refunded or applied to a future
course offering as you prefer.
Course
Confirmation
A confirmation email will be sent to you upon our completion of your course
registration. Do not purchase non-refundable transportation tickets until such
time as you receive the confirmation email from us.
Cancellation
Policies
We will issue refunds for cancellations made in writing
by 5 p.m. ET if done so at least ten business days prior
to the first day of class (minus a $75
processing free). There is no refund for cancellations made within ten business
days of class or for students who fail to attend the entire course of instruction.
If we must
cancel a course offering for any reason, your enrollment fees will be reimbursed
in full (less any PayPal charges if paid as part of your course
registration.) However, we will not be responsible for any cancellation changes/charges
assessed by airlines, hotel or travel agencies. Courses may be cancelled at
our discretion. Refunds are made by check in order to avoid PayPal charges.
Course
Schedule
Classes
normally run from 8:00 a.m. through 5:00 p.m. with hourly breaks
and lunch around noon. These are intense courses and may require
evening reading assignments.
Exams
There will be a one-hour, 50-question, multiple choice final exam. Should a
student require retesting, Appraisal Course Associates has established
a USPAP
Exam Retake Program.
Required
Text Books
Students are required to purchase and bring the following two books with them
to this course:
- 2008-2009
version of Uniform Standards of Professional Appraisal Practice (USPAP). Order your copy online directly from The Appraisal Foundation.
- 2008-2009
personal property version of the 15-Hour National USPAP Course Student Manual. Order online.
Remember, the above two books must be obtained by you and brought with you
to class. Register well enough in advance to ensure that you have time
to order and receive the required text books.
Reading
Assignments
It is recommendeded that you familiarize yourself with the USPAP
manual. Pay special attention to the following sections prior
to class:
- Preamble
and RULES (pages U-1 - U-14)
- Standard
Rule 7 & 8 (pages U-54 - U-67)
- Statements
on Appraisal Standards: SMT-6 (page U-87) and SMT-9 (page
U-91)
- Advisory
Opinions AO-2 (page A-4), AO-3 (page A-7), AO-5 (page A-11),
AO-11 (page A-22), AO-12 (page A-27), AO-21 (page A-65),
AO-26 (page A-90), AO-27 (page A-92), AO-28 (page A-95),
AO-29 (page A-99), AO-31 (page A-107) and AO-32 (page A-111).
A
current copy of the 2008-2009 edition of USPAP can be viewed online here.
Certificate
Award
Students completing the two-day, 15-hour National USPAP course are awarded
the USPAP certificate.
Transportation/Lodging/Meals
All participants are responsible for making their own lodging arrangements
and for any costs associated with their lodging, meals, and transportation.
Your
Obligation to Become Fully Trained
Any
person who represents himself as an appraiser has an obligation
to the public to be sufficiently competent to fulfill the obligations that attach to the appraisal role and to the requirements of each
specific appraisal assignment.
The
four-day valuation principles and methodology section of
our course (Part I)prepares the student to understand and correctly employ the appraisal theory,
methods and techniques necessary to develop a credible value
opinion that is in compliance with USPAP.
The
two-day USPAP component of our course (Part II) helps the student understand his obligations to the public. This part of the
course is recognized and accepted by all branches of government,
typical industry users and professional appraisal societies.
ACA
does not establish, accredit or certify appraisers. Mere
attendance at this course offering does not establish a student's
qualifications to appraise. In addition to principles, methodology,
and standards, would-be appraisers must also obtain requisite
product knowledge of the types of property they will be appraising.
The product knowledge that is necessary to produce a competent
appraisal is a life-long learning endeavor and is not addressed
by our course offerings.
Students
who wish to represent themselves as appraisers would benefit
from joining an association or society that offers designations.
Membership in a professional appraisal association or society
is independent of the ACA. Each society establishes its own
educational and experience requirements for designation.
Currently, students who attend our course offering will be
recognized as meeting the principles and methodology portion
of the educational requirement for designation by both Appraisers National Association and the Association of Online Appraisers. We anticipate that other professional associations will also accept our course
offerings as meeting their training requirements.
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