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Professional Development Credits Demystified Saturday, March 9, 2024 in Ask an Instructor, Education

This post is all about taking the mystery out of Professional Development Credits! Whether you are taking your first Requalification class or your fifth, reporting on your PDCs is an integral part of passing the course. The Requalification Packet that you receive during the class has a LOT of information in it. We hope this summary can break down the most important points and provide some clarity.

Hog Wild Appraisal Problems Saturday, March 2, 2024 in News, Ask an Instructor, Education

Yesterday I received the following voicemail message:
“Potential Client calling from Nashville Suburb. I have a hundred-thousand-dollar hog I need appraised for insurance purposes. That’s what I paid for it so I would expect that it would appraise for that. I have all of the paperwork to show what I paid for it. What would you charge to come out and appraise the hog? Give me a call on the fee for that.

Art Authentication Can be a Tricky Business! Wednesday, January 17, 2024 in News, Ask an Instructor, Education, Business Tips

Art authentication can be tricky business. The International Society of Appraisers Core Course in Appraisal Studies teaches, “Authentication is a matter of informed and reasoned opinion, explaining, “Authentication is rarely definitive or absolute…. It is subject to revision as additional information becomes available…. It is subject to disagreement among experts.”

UPDATES FOR YOUR APPRAISAL PRACTICE Thursday, December 28, 2023 in News, Ask an Instructor, Education

There are a few changes to the new 2024 edition of the Uniform Standards of Professional Appraisal Practice (USPAP), effective January 1, 2024. It is your responsibility as an ISA Appraiser to educate yourself in the changes to USPAP.

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.

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.

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.

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?

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?

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?

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