The Post-Pandemic New "Work" Order & Design Trends
Tuesday, August 29, 2023 in Ask an Instructor, Education, Member Insights
The media speculated that after the long COVID lock-down, consumers’ day-to-day life would return to the fast paced, activity-filled, dining-out-often existence, including returning to the office for work, that was typical of pre-pandemic life. Quite the opposite, the reality has been that people are continuing to use their homes as their primary workplace, the preferred place to entertain, and a sanctuary to relax and exercise a more financially conservative lifestyle.View More
USPAP - Frequently Asked Questions!
Friday, April 14, 2023 in Ask an Instructor, Education
The Uniform Standards of Appraisal Practice (USPAP) materials include a lot of Frequently Asked Questions! There are currently 367 FAQs in the 2020-2021 version of USPAP which has been extended through December 31, 2023. These are included as guidance from The Appraisal Standards Board (ASB) of The Appraisal Foundation to respond to questions to illustrate the applicability of USPAP in specific situations.View More
Who Can and Should be Listed as an Intended User Under USPAP
Tuesday, April 4, 2023 in Ask an Instructor
As an instructor, I often get questions about who can and should be listed as an “intended user” under the Uniform Standards for Appraisal Practice (USPAP). And, I am also often asked what “rights” intended users have under USPAP.
The short answer: Generally, you want to list as few intended users as necessary to meet the client’s needs. And, intended users do not have a right to obtain a copy of the report without client consent.View More
Ask an Instructor: Is It Permissible to Include Hyperlinks to Comparables in a Digital Appraisal Report?
Tuesday, May 17, 2022 in Ask an Instructor
Question: When I am writing an appraisal report that is being sent digitally is it permissible to just include the hyperlinks to my comparables in the report? What are the best practices when sending a report digitally?View More
Ask an Instructor: What Does Appraised Value Support Mean and Where Is It Applied?
Wednesday, November 17, 2021 in Ask an Instructor
Question: I’m taking the Core Course in Appraisal Studies, and Lesson 21 discusses the IRS Preferred Appraisal Format for Works of Art Valued over $50,000. What does the IRS mean by "appraised value support"? Does this format only apply to Fine Art?View More
Ask an Instructor: Determining the Actual Cash Value (ACV) of Your Property
Monday, July 26, 2021 in Ask an Instructor
Question: I have been asked by an insurance company to provide the actual cash value (ACV) on a painting by a famous 19th-century artist. I don’t understand how to determine ACV for this type of painting. Can you help me?View More
Ask an Instructor: Tips on Finding Parallel Artists
Tuesday, May 18, 2021 in Ask an Instructor
Question: Help! I’m appraising artwork for estate tax purposes. The artist is not returning my calls. He is his own market. He has no past or current gallery representation, and he has no auction sale results. I know that I’m supposed to look for a parallel artist to determine fair market value when there are no comparables. Do you have any tips on finding parallel artists?View More
Ask an Instructor: How Bronze Disease Affects the Value of Art
Wednesday, April 21, 2021 in Ask an Instructor
Question: Does Bronze Disease affect the value of a work? From what I was reading, it seems to be a contamination problem with the bronze. Would the artist in any way be responsible for selling work that develops bronze disease?View More
Ask an Instructor: Updates to Appraisal Templates and the Difference Between Online and Live Online Courses
Tuesday, February 23, 2021 in Ask an Instructor
Question 1:Since the ASB announced that the 2020-2021 edition of USPAP will be extended to the end of 2022, do I need to update my appraisal templates?View More
Ask an Instructor: New Definitions for Limiting Conditions and Extraordinary Assumptions
Tuesday, January 26, 2021 in Ask an Instructor
Question: Has ISA issued any new definitions for Limiting Conditions and Extraordinary Assumptions as yet?View More