Syllabus for the 2012-2013 edition of the "Complete Online Course
in Personal Property Appraising"
Which Internet browser to use for this course
Contact
Information
Instructor: David J. Maloney, Jr., AOA CM
dave@maloney.com
301-228-2279
Course Description
Welcome to the 2012-2013 edition of the Complete Online Course in Personal Property Appraising! This is the latest version of the course originally authored by David J. Maloney, Jr., AOA CM in 2002. The course has now been updated to include changes incorporated into the 2012-2013 edition of USPAP. The course has also been greatly expanded with score upon score of new topics and expanded discussions (including a 71-page mini-USPAP course in Lesson 7!).
This 2012-2013 edition of the Complete Online Course in Personal Property Appraising offers learners a unique opportunity to obtain an education in the core fundamentals of personal property appraisal principles, theory, methodology, standards, ethics and report writing from the comfort of their own home at the times most convenient to them. This online course in appraising provides the most complete educational opportunity for the personal property appraiser available anywhere - either online or on site. We estimate that the online course will take six months to complete assuming an average study time of 5 hours per week; however, many students finish the course in about four months.
This course is designed for those those
interested in a professional personal property appraisal career and
who are seeking
competency
in the principles, theory, standards and methodology
of
personal
property
appraising.
Making use of the highly-acclaimed, 616-page book Personal
Property Appraising: Principles and Methodology - 5th Ed. (Appraisers Press 2012), this online course
provides a complete and well-organized series of Lessons all of
which are designed with the nationally-recognized USPAP at its
core. Unless otherwise noted, Lesson reading assignments refer to APPPM. The APPPM course book can be ordered here.
You will also need the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP), (Washington, DC, The Appraisal Foundation). Purchase USPAP directly from The Appraisal Foundation.
In addition to reading assignments, narrated Power Point reviews cover the highlights of each Lesson in order to facilitate the learning process. This course also makes use
of self-assessed Lesson quizzes and Review Questions to help the student
comprehend the material being presented and to prepare the student for the mid-term
and the
final
exams. Quiz results also assists the instructor
in gauging the student's progress.
Quiz
grades
do not
count
towards
the final grade.
At mid-point in
the course following Lesson 5 the student will make arrangements
to have the first of two exams (100 T/F and multiple-choice
questions)
mailed to and proctored
by a chosen proctor. The second exam following Lesson 13
covers material from the second half of the course (Only Lessons 6
through 11. Lessons 12 and 13 are not testable.) In addition
to passing each exam with a grade of 75% or higher, the
student is required to submit a sample appraisal report for review.
Testing: Lesson Quizzes, Course Exams, Final Project
Click
here to learn about the testing requirements for this course.
Continuing Education Units (CEUs)
Upon completion of this online course, Appraisal Course Associates recommends that professional associations and societies award 20 CEUs (200 contact hours). What are CEUs?
Course Objectives
The objectives of this course (complete
course outline) are to provide
the student with an understanding of the following personal property
related
issues:
- Appraisal
terminology
- Underlying principles, theory and methodology of appraising
- Types and definitions
of value and cost
- Three approaches to value
- Various intended uses of appraisals
- IRS requirements for tax-related appraisals
- Creators and detractors of value
- Identification and authentication
- Uniform Standards of Professional Appraisal
Practice (USPAP)*
- Ethics and professional standards of conduct
- Market research
- How to describe property
- Appraisal report writing including sample appraisals
- Basic appraiser tools and techniques
- Running an appraisal office
- Legal issues of interest to the appraiser
Prerequisites
This course is intended for the novice as well as the experienced
appraiser who may be lacking formal training in appraisal principles,
methodology
or professional appraisal standards. There are no educational or experience
prerequisites to attending this course; however, it would be helpful
if students
had market-related experience relevant to the types of property in
which
they intend to specialize in their appraisal practice. Such experience
may result from performing in the past as an appraiser, auctioneer,
broker, dealer, claims adjuster, jewelry store owner, estate planner,
attorney,
estate liquidator, or avid collector. Be sure to read about "Your
Obligation to Become Fully Trained".
Course Fee
The fee for this course is $1395 plus text books and exam
fees. Includes free access to the online course "How to Write Appraisal Reports".
Textbooks
Be sure to purchase these two books.
Course
Duration
Students
should be able to complete this course within a six month-period
if applying themselves about eight hours per week. It may very well
take less
time. Registration entitles the student to access to this course
for a six-month period.
Students are encouraged to apply themselves
diligently
in
order to complete the online requirements within this time frame.
During the six month period, the student is required to take both
the
locally proctored mid-term and final exams. Students may request a
one-time, three-month extension period for a fee of $100. Here
are some tips for online success.
Refunds
A refund in full (less PayPal and text book charges, if applicable) will be made if a written request for a refund is
received at info@appraisalcourseassociates.com within
seven (7) days of initial registration.
Finding Your Way Around
Once registered, to not hesitate to poke around the various links. Get
to know this web site. Be sure to read the site Users'
Guide.
Lesson Requirements
Each Lesson is comprised of a series of reading assignments taken
primarily from Appraising
Personal Property: Principles and Methodology -5th Ed. but also from supplementary readings. Reading
assignments
are normally followed by a narrated video review of selected
material. They may be followed by additional Lesson
activities as well. Most Lessons also include
a 10-question quiz to test your understanding of the material.
These
are "open-book," self-assessed
quizzes which will not impact on whether or not you pass this course;
however, they will help you better understand and retain the covered
material, and they will allow the instructor to gauge your progress.
Communication
Students are welcome to take advantage of the course Forum to share information
and ask questions regarding the course material with the instructor
and and other students. The Forum will also be used by the instructor
to highlight issues as well as to make you aware of updates to the
course material including updates made from time to time to the APPPM
course book. The Forum will also be used to announce news regarding
the profession. You will automatically be sent copies of all Forum
posts via email to ensure you are kept current.
Certificates
Upon completion of the course (including the locally proctored mid-term
and final exams as well as the final sample appraisal project), graduates
will be awarded a Course Completion Certificate from Appraisal Course
Associates.
*This course provides a very thorough instruction in The Appraisal
Foundation's Uniform Standards of Professional Appraisal Practice (USPAP) such that the student will be capable of writing USPAP-compliant reports;
however, to best understand USPAP and to obtain proof of attending
the course and passing its one-hour USPAP course exam, the appraiser should
attend a 15-hour
personal property version of the
National USPAP
Course
taught
by an
AQB-certified
instructor. |