ANA - Training

ANA provides advanced certificate training in two areas:

The Uniform Standards of Professional Appraisal Practice (USPAP) 7-Hr Update

Appraisal Report Writing (ARW)

The 15-Hr USPAP is normally offered in the spring by The College For Appraisers.

THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE

Established by The Appraisal Foundation*, the Uniform Standards of Professional Appraisal Practice (USPAP) set forth the currently recognized national standards for appraisals of personal property, real property, and business valuations. USPAP clearly describes what appraisers must do to properly conduct and document an appraisal. It identifies the standards that are accepted in the marketplace and by which an appraiser is judged. It identifies the requirements of governmental agencies, the courts, attorneys, banks, and insurance companies for acceptable appraisals.

ANA requires its appraising members to demonstrate proficiency and knowledge of USPAP by taking the 15-hour course and passing the exam prepared by The Appraisal Foundation. The class examines examples of USPAP documents and model appraisals. Upon successful completion of the course, students receive a Certificate of Proficiency. 7-hour updates, required every two years, maintain the validity of the Certificate.

* The Appraisal Foundation is authorized by the United States Congress as the source of Appraisal Standards and Appraiser Qualifications and sets professional standards to ensure that appraisers are competent. USPAP is not a state regulation for personal property appraisers since there is no state certification or licensing for personal property appraisers at this time.

APPRAISAL REPORT WRITING

The "Appraisal Report Writing" class is an introduction to the methods of document preparation, and should assist both beginning and advanced appraisers with composing an appraisal report that is objective, credible and not misleading. The Appraisers National Association requires that members prepare reports in conformance with USPAP. Summary, Self-Contained, Restricted, and Limited Appraisal Reports will be covered.

Objectives for the class include:

Developing a report that fulfills the function for which it was required; a focused answer to a client's question.
Choosing the value definition.
Determining issues that should be addressed.
Developing a logically constructed report that communicates the scope of the appraisal process.
Overview of report components and design options for a formal appraisal report.
Proper disclosures to ensure that the report is not misleading.
Communicating general and specific limiting conditions and liabilities to protect the appraiser.
Writing skills, grammar etc.
Item description format and fundamentals.
Communicating the method of valuation, approach to value and market analysis.
Developing a self-critical attitude and a creative response to each client's question that reflects the employment of standard appraisal theory, techniques and methods.
Final appraisal checklist.

Some of the other specific issues covered are the role of the appraiser, adjusting the scope of the report, departures, extraordinary assumptions, limiting conditions, hypothetical appraisals, authentication, expert consultation, and other concerns that must be included in the report. Each different type of appraisal report and its specific requirements, based on the function, are discussed in detail.