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Continuing Education - Professional Certificate Programs

Appraisal Studies: Course Descriptions

American Society of Appraisers logo About the Certificate Program (main)
Course Descriptions (all)
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Introduction to Personal Property Valuation (PP/GJ201)
Learn general valuation theory, basic appraisal terminology, and economic concepts that apply to valuation. Become acquainted with the appraisal process, ethical concerns of the appraiser, and the Uniform Standards of Professional Appraisal Practice (USPAP), the professional standards of the appraiser.
Required reading
Pre-summer 2014 course numbers:
HRE9000.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Development of a Personal Property Appraisal:
Research and Analysis
Understand the appraisal process, from identifying the appraisal problem through developing the “scope of work” to solve the problem. Expand your appraisal terminology, and gain knowledge about the market research and analysis methods needed to reach conclusions of value.
Prerequisite: ASC 1000
Required reading
Pre-summer 2014 course numbers:
HRE9001.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Title modified summer 2014:
Communication of a Personal Property Appraisal:
Writing the Appraisal Report
Explore the basics of communicating an appraisal as a written report. Understand the required elements of an appraisal report, and obtain guidance on organizing a document that presents logical argument for value. Learn to use proper appraisal terminology and research methodology to complete your appraisal report.
Prerequisite: ASC 1010
Required reading
Pre-summer 2014 course numbers:
HRE9002.11 (ASA members, Purchase College employees and alumni, and early registration discount)

Personal Property Valuation:
The Legal and Commercial Environment
Investigate compliance with laws and regulations, and expand your understanding of professional standards and ethical requirements. Use analysis techniques for concluding fair market value. Gain additional insight into the auction market, the insurance industry, how tort law affects appraisers, and legal precedents on which many appraisal issues are based.
Prerequisite: ASC 1020
Required reading
Pre-summer 2014 course numbers:
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 (ASC 1000, 1010, 1020, and 1030).
Pre-summer 2014 course number:

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).
Pre-summer 2014 course numbers:
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 or (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.
Pre-summer 2014 course numbers:
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.
Pre-summer 2014 course numbers:
HRE9103.11 (Purchase College employees and alumni, and early registration discounts)

Updated Jan. 19, 2016

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