2024 15-Hour Equivalent USPAP Course

• Identify the purpose and structure of The Appraisal Foundation and the importance of maintaining public trust in appraisal services.
• Recognize the design structure and the primary content sections of the 2024 USPAP publication with emphasis on the Definitions, Preamble, Rules, and Standards.\
• Recognize the role of the appraiser in performing valuation services and the impartiality associated with the appraiser’s role.
• Identify “real-world” scenarios illustrating USPAP applications to situations that appraisers encounter in daily practice.

Program Overview:

Pre-Course Information (10 minutes)

• Overview
• Learning Enhancement and Requirements
• Navigation
• Reference Materials
• Quality Assurance and Reporting

Introduction (10 minutes)

• Preview
• Learning Objectives
• Course Description
• Course Schedule
• Introduction of Instructor/Facilitators
• Getting Ready for USPAP
• How USPAP Benefits the Profession

Pre-Course Assessment - Testing Your Current Knowledge of USPAP (10 minutes)

Module 1: Introduction to USPAP (75 minutes)

• The Story of Appraisal Standards
• Emergence of Unified Appraisal Standards
• The Recognition of USPAP
• The Appraisal Foundation's Structure
• The Role of TAF Boards
• What Are Exposure Drafts?
• The Appraisal Subcommittee (ASC)
• The Structure of USPAP
• USPAP and the Appraisal Process

Module 2: PREAMBLE and When USPAP Applies (65 minutes)

• The PREAMBLE
• USPAP Compliance
• Appraisal Practice and Compliance
• Meeting Expectations
• Compliance Obligations

Module 3: USPAP Definitions (70 Minutes)

• Rationale for USPAP Definitions
• Advocacy vs. Bias
• Assignment Conditions
• Cost, Price, and Value
• Assignment-Related Definitions
• Intended Use and Intended User
• Reports and Workfiles
• Definition of Services
• Other Definitions and Terms

Module 4: The First Three Rules of USPAP (85 minutes)

• ETHICS RULE
  − Nondiscrimination Section
  − Conduct Section − Management Section − Confidentiality Section
• RECORD KEEPING RULE
• COMPETENCY RULE

Module 5: SCOPE OF WORK RULE (60 minutes)

• Scope of Work Overview
• Problem Identification
• Scope of Work Acceptability
• Disclosure Obligations
• Relevant Advisory Opinions (AO-28 and AO-29)

Module 6: JURISDICTIONAL EXCEPTION RULE (25 minutes)

• JURISDICTIONAL EXCEPTION RULE Overview
• JURISDICTIONAL EXCEPTION RULE Fundamentals

Module 7: STANDARD 1 - Real Property Appraisal, Development (65 minutes)

• STANDARD 1
• Standards Rule 1-1
• Standards Rule 1-2
• Standards Rule 1-3
• Standards Rule 1-4
• Standards Rule 1-5
• Standards Rule 1-6
• Relevant Advisory Opinions

Module 8: STANDARD 2 - Real Property Appraisal, Reporting (65 minutes)

• Introduction to STANDARD 2
• Standards Rule 2-1
• Standards Rule 2-2
• Appraisal Report Option
• Restricted Appraisal Report Option
• Standards Rule 2-3
• Standards Rule 2-4
• Relevant Advisory Opinions

Module 9: STANDARDS 3 and 4 - Appraisal Review (85 minutes)

• Overview of STANDARD 3
• Standards Rules 3-1
• Standards Rules 3-2
• Standards Rules 3-3
• Overview of STANDARD 4
• Standards Rules 4-1
• Standards Rules 4-2
• Standards Rules 4-3
• Standards Rules 4-4
• Relevant Advisory Opinions

Module 10: STANDARDS 5 - 10 (60 minutes)

• STANDARD 5, Mass Appraisal, Development
• STANDARD 6, Mass Appraisal, Reporting
• STANDARD 7, Personal Property Appraisal, Development
• STANDARD 8, Personal Property Appraisal, Reporting
• STANDARD 9, Business Appraisal, Development
• STANDARD 10, Business Appraisal, Reporting
• Relevant Advisory Opinions

Module 11: Advisory Opinions and FAQs (70 minutes)

• Introduction to Advisory Opinions
• Review of Advisory Opinions (AO-1 through AO-29)
• Advisory Opinion 30
• Advisory Opinion 31
• Advisory Opinion 33
• Advisory Opinion 34
• Advisory Opinion 35
• Advisory Opinion 36
• Advisory Opinion 37
• Advisory Opinion 38
• Advisory Opinions 39 and 40
• FAQs and Other Communications from the ASB

Post-Course Assessment - Testing Your Knowledge of USPAP (10 minutes)

Conclusion (5 minutes)

Assignments:
No

Equipment:
None specified.

Additional Information:

The course price includes an electronic copy of the current USPAP (e-USPAP), which is available as a download once the class begins.

Exam
You will have 90 days from the time that you complete the course to take the proctored, offline exam. Testing center locations in your area can be found by clicking on this link: www.pearsonvue.com/ai .
Exam Frequently Asked Questions

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red "My Account" button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the "Online Courses" heading and click the "Begin" button.
IMPORTANT NOTE: Once this button is clicked, your access length time (90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the "Continue" button to continue.

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions .

Requirements:
Online Education FAQ