Appraisal Studies: Course Descriptions

About the Certificate Program (main)
Course Descriptions (all)
Academic-Year Courses (Fall, Spring)
Summer Courses
About the Instructors
Frequently Asked Questions (PDF)
How to Register

Introduction to Personal Property Valuation (PP/GJ201)
Learn general valuation theory and principles that are necessary for appraisals, historical antecedents of modern appraisal practice, appraisal terminology, the various intended uses of appraisals and the steps of the appraisal process, and factors affecting personal property valuation.
HRE9000.10
HRE9000.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Personal Property Valuation Methodology:
Research and Analysis (PP/GJ202)
Understand the relationship between valuation theory, market economics, and statistics. Topics include matching appraisal methods to appraisal uses and objectives, researching primary and secondary sources, how to use statistics in valuation, the work plan and its components, research design and organization, and interpretation of catalog information and prices.
HRE9001.10
HRE9001.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Personal Property Valuation:
Report Writing (PP/GJ203)
Learn the components of a written appraisal report, the development of the appraisal narrative, and how to support the argument for value. Strengthen writing skills when valuing property for insurance scheduling and apply research and analysis of market data to complete an individual appraisal, using the course materials introduced in HRE 9001.
HRE9002.10
HRE9002.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Personal Property Valuation:
The Legal and Commercial Environment (PP/GJ204)
Understand the operation of an appraisal practice, including ethical and professional standards. Examine tax and court vocabulary in precedent-setting cases and discuss the expert witness, courtroom, and pretrial activities. Learn how to apply the concept of Fair Market Value (FMV) and about the auction market and process.
HRE9003.10
HRE9003.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Appraisal Studies Certificate Four-Course Series (discount)
Receive a discount when you register for all four required courses (HRE9000, 9001, 9002, and 9003).
HRE9004.10

Understanding the Art Market
Understand art collecting and the mindset of the collector. Familiarize yourself with the structure of the art market and learn the crucial skills of dealing with artists. Acquire the tools available for connoisseurship (attribution and detecting fakes) in the secondary art market (antiques), high profile art fairs, commercial contemporary secondary art galleries, auction houses, nonprofit galleries, and public collections (museums).
HRE9010.10
HRE9010.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Uniform Standards of Professional Appraisal Practice (USPAP)
The Uniform Standards of Professional Appraisal Practice (USPAP) are promulgated by the Appraisal Standards Board (ASB) of the Appraisal Foundation and are the generally accepted standards of practice for the profession. This course, developed specifically for personal property appraisers, covers the entire document with emphasis on the general rules and standard rules; standards pertaining to public trust, ethics, competency, jurisdictional exceptions; and standards for written appraisal documents. Required for accreditation by the American Society of Appraisers.
Note: This course does not satisfy real property or real estate state certification or licensing. Students must acquire and bring to class a hard copy of the current Uniform Standards of Professional Appraisal Practice (2010-11), available at www.appraisers.org or www.appraisalfoundation.org. (Order early.) A computer "copy" is not acceptable (Appraisal Foundation rule). Students are encouraged to read through several parts of USPAP before class (i.e., Ethics, Competency, Scope of Work, and Judicial Exception Rules; Standards 3, 7, and 8; Statement 9; and, Advisory Opinion #21). There is a one-hour exam at the end of the second day.
HRE9100.10
HRE9100.11 (ASA members, Purchase College employees and alumni, and early registration discount)

The Art and Antiques Market
Explore what makes the art and antiques market tick! Get an inside look at how galleries and shops work and understand the economic challenges that face both buyer and seller. Learn how to bargain and assess values, what to look for, and how to avoid the 10 mistakes most buyers make. Gain an understanding of auctions and how they work. Investigate the contemporary art and antiques market: why it is moribund and presents a great bargain right now, and why art and antiques shows can be an opportunity.
HRE9103.10
HRE9103.11 (Purchase College employees and alumni, and early registration discounts)

Updated April 9, 2013