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  • Tips for Determining Scrap and/or Salvage Value Tips for Determining Scrap and/or Salvage Value Monday, July 26, 2021 in News, Education

    An easy way to distinguish between scrap and salvage is that scrap is generally used for metals. Salvage is generally used for everything else, including fine art. I will first discuss salvage value, including where an appraiser might look for comparable sales, and then move on to how an appraiser might calculate scrap value.

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  • How to Become a Connoisseur How to Become a Connoisseur Tuesday, May 18, 2021 in Education

    To become a connoisseur, curiosity is required. One must dedicate time and energy to asking questions, train her/his eyes to observe detail, and learn to compare and contrast objects so as to build up the experience necessary to make decisions about quality.

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  • The Importance of Due Diligence and Due Care in Appraising The Importance of Due Diligence and Due Care in Appraising Wednesday, April 21, 2021 in Education

    My favorite part of USPAP comes directly from the Competency Rule: Perfection is impossible to attain, and competence does not require perfection. However, an appraiser must not render appraisal services in a careless or negligent manner. This Rule requires an appraiser to use due diligence and due care. (USPAP 2020-2021, lines 301-303)

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  • Using Sales After the Effective Date as USPAP Comparables Using Sales After the Effective Date as USPAP Comparables Tuesday, February 23, 2021 in Education

    One of the best things about teaching Uniform Standards of Professional Appraisal Practice (USPAP) classes for ISA is that you never know what questions students will ask. At the ISA's January 13 to 14 7-Hour USPAP class an appraiser asked when it's okay to use a sale that occurred after the effective date of an appraisal as a comparable?

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  • Do I Qualify for the ISA Specialty and Advanced Studies (SAS) Pathway? Do I Qualify for the ISA Specialty and Advanced Studies (SAS) Pathway? Friday, December 11, 2020 in News, Education

    Do you qualify for the SAS track to achieve Accredited Member (ISA AM) status?

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  • Ethics in Review Ethics in Review Tuesday, October 13, 2020 in News, Education

    Reviewing some basic ethics points is always a good idea. For instance, did you know that ISA recently updated its Ethics Code and Ethics Disciplinary Procedures? Do you know what type of behavior ISA regulates (and does not regulate)? What are some of the most common ethics complaints and missteps?  

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  • Coping with Bats Coping with Bats Friday, September 11, 2020 in News, Education

    Apart from the colorful depictions of coronavirus particles, with their round bodies studded with barbs, we lack any eye-catching symbols, much less positive designs which boost our spirits, to represent this endless, depressing, time. This is where bats come in.

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  • Do Assignment Conditions Constitute a Limiting Condition? Do Assignment Conditions Constitute a Limiting Condition? Thursday, August 20, 2020 in Education

    The short answer is no. To better understand the question, let’s take a look at the 2020-2021 Uniform Standards of Professional Appraisal Practice (USPAP) definition of assignment conditions. USPAP defines Assignment Conditions as, "Assumptions, extraordinary assumptions, hypothetical conditions, laws and regulations, jurisdictional exceptions, and other conditions that affect the scope of work."

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  • Introducing ISA Private Client Services' New Diminution of Value Webinar Series Introducing ISA Private Client Services' New Diminution of Value Webinar Series Wednesday, August 5, 2020 in Education

    Christine Guernsey, ISA CAPP, introduces the new Diminution of Value Webinar Series, presented by ISA Private Client Services. Filmed in four parts, it explores the various aspects of preparing for and completing Diminution of Value damage appraisals.

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  • Practical Applications For Value-In-Use And Value-In-Place Practical Applications For Value-In-Use And Value-In-Place Thursday, July 16, 2020 in Education

    When is it appropriate to use value-in-use or value-in-place? The terms can be confusing as they relate to internal relevant characteristics, or forces that effect value. Most appraisers will not have many occasions to consider value-in-use or value-in-place. However, having a good understanding of the terms and their respective uses will make it more likely that you will recognize the need for them if the opportunity arises.

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