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USPAP Update Course All licensed/certified real estate appraisers in the United States complete a 7-Hour Update Course on the Uniform Standards of Professional Appraisal Practice (USPAP) every two years. Participation in this continuing education course is a requirement for license renewal.

Full Answer

How fast can I take the USPAP update course?

This 7-hour course can be taken at your own speed, on your own time. Move through this year’s course content at a pace that feels best for you (and your schedule). For 12 consecutive years, McKissock has been the exclusive provider of The Appraisal Foundation's official National Online USPAP Update Course.

When will the USPAP changes become effective?

But the ‘current’ USPAP is presently undergoing Exposure Drafts for the proposed changes, which will be effective as of Jan. 1, 2023. Normally, the Update class covering the changes is released in October, preceding the January 1 date.

Who is the AQB certified USPAP instructor?

We are excited to announce that our very-own AQB Certified Instructor, Bryan Reynolds will be hosting Live-Virtual USPAP classes for the remainder of the year. More dates coming soon. Please check back! We’re making USPAP easier than ever…

What do I need to bring to a USPAP class?

A laptop computer or tablet device is required for participants who choose an electronic copy of USPAP. N/A A laptop computer or tablet device is required for participants who choose an electronic copy of USPAP. Unless otherwise noted, the course price does not include a copy of the current USPAP edition, which is required for course credit.

What is the current version of USPAP?

How long is the current version of USPAP effective? With this announcement, the 2020-21 USPAP will now have an effective date through December 31, 2022. You will sometimes see this edition referred to as the 2020-2022 USPAP.

How long is the USPAP certification good for?

two yearsUSPAP is updated every two years so that appraisers have the information they need to deliver unbiased and thoughtful opinions of value. To become a real property appraiser in the United States, appraisers must take the 15-Hour National USPAP Course (or its equivalent).

What is USPAP course?

Uniform Standards of Professional Appraisal Practice (USPAP) Courses. Since its inception, The Appraisal Foundation (Foundation) has worked to foster professionalism in appraising by establishing, improving, and promoting the Uniform Standards of Professional Appraisal Practice (USPAP).

Who has final authority over revisions to USPAP?

Who retains final authority over revisions to USPAP? The guidance issued by the APB is binding on real property appraisers. This advisory council is responsible for providing global and international information and support to the Appraisal Foundation.

What are the 5 Rules of USPAP?

There are five basic rules located in the Preamble section of USPAP. These include the Ethics Rule, Record Keeping Rule, Competency Rule, Scope of Work Rule and Jurisdictional Exception Rule. The Ethics Rule is to promote and preserve the public trust.

How many standards are there in USPAP?

ten StandardsStandards, statements, and advisory opinions USPAP has ten Standards which cover the development and reporting of valuation.

How do you become an aircraft appraiser?

In order to be considered to join the ISTAT Appraisers Program (IAP) as an Appraiser Candidate, one must be an ISTAT member, have a minimum of two years of full-time professional aviation-related experience and have earned a minimum of a four-year bachelor's degree or a three-year bachelor's degree with at least one ...

What does the Appraisal Foundation do?

The Appraisal Foundation is the nation's foremost authority on the valuation profession. Our boards are responsible for setting congressionally-authorized standards and qualifications for real estate appraisers and provide voluntary guidance for all valuation professionals.

What are the basic appraisal principles?

Basic Appraisal Principle (A101) This four-day course will introduce you to real property concepts and characteristics, legal considerations, influences on real estate values, types of value, economic principles, market area analysis, highest and best use, and ethical considerations.

Who must follow USPAP?

Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions. To become a real property appraiser in the United States, appraisers must take the 15-Hour National USPAP Course (or its equivalent).

Who writes USPAP?

the Appraisal Standards Board (ASB)USPAP is developed by the Appraisal Standards Board (ASB) of The Appraisal Foundation. Standards 1 and 2 establish requirements for the development and reporting of a real property appraisal.

Why is USPAP important?

USPAP contains standards for all types of appraisal services including real property, personal property, business valuation and mass appraisal. The purpose of USPAP is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.

When will the USPAP be extended?

Extension of 2020-21 USPAP. On February 19, 2021, The Appraisal Foundation’s Appraisal Standards Board (ASB) announced that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) would be extended by one year. The 2020-2021 USPAP will now be effective until December 31, 2022.

Is the 7 hour course tied to the effective date?

The requirement to take the 7-hour course is not tied to the effective date or length of the effective dates of the current edition of USPAP. Extending the effective date of USPAP is an ASB decision, and it has no bearing on the AQB requirement for the 7-hour course.

Can you continue using USPAP?

No, you can continue using the version of USPAP for this cycle. Additional Questions and Answers related to the February 19, 2021 announcement of the ASB to extend the effective date of the 2020-21 USPAP to December 31, 2022.

Self-paced online course

This 7-hour course can be taken at your own speed, on your own time. Move through this year’s course content at a pace that feels best for you (and your schedule).

Exclusive provider

For 12 consecutive years, McKissock has been the exclusive provider of The Appraisal Foundation's official National Online USPAP Update Course.

Supplemental course reference manual

Your course purchase includes the current edition of the USPAP book and The Appraisal Foundation’s brand new USPAP Reference Manual!

Interactive learning aids

Take advantage of chapter quizzes and other helpful tools to break up the text and reinforce your learning. Also, enjoy video case studies and interviews with USPAP experts who explain the latest USPAP updates and protocols.

Satisfaction guarantee

If you’re not satisfied with your USPAP course experience, simply contact us within 10 days of purchase for a full refund of any course not completed.

Membership options

For ultimate convenience and ease, become a McKissock member and complete your USPAP Update Course at no additional cost. While you’re at it, enjoy dozens of professional development resources with your exclusive membership access.

When will USPAP be effective?

Present and explain the new revisions to USPAP adopted in 2019 and effective from January 1, 2020, through December 31, 2021. Present the current changes to USPAP in a variety of scenarios for class discussion.

Does USPAP count as CE?

State licensed and certified course participants who wish to complete the 15-Hour National USPAP Course may do so, but it will only count for state CE (elective) credit and will not meet the National USPAP requirement for state licensing retention. Objectives.

Does USPAP include a copy of the current edition?

Unless otherwise not ed, the course price does not include a copy of the current USPAP edition, which is required for course credit. When the chapter does not include, participants must bring their own copy of the USPAP edition to class.

Stress Free CE

Waited until the last minute to complete your continuing education? No problem. Complete one of our online classes today and instantly download your certificate of completion upon course completion. Get it done fast, get it done online, and start now!

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Engaging and relevant media rich courses

Our courses are designed around relevant topics and produced in studio with our content instructors to provide an in-person feel designed to keep our students interested and inspired to learn. Don’t sit through a boring online .pdf read again. See what makes us a better online learning experience.