why uspap course

Course Details This course is designed to fulfill the requirements for licensed and certified appraisers who must complete a 7-hour USPAP Update Course every two years. The course will present and explain the changes to USPAP and the rationale expressed by the ASB (Appraisal Standards Board) for the most recent round of revisions.

Full Answer

Is USPAP learned from the course or the exam?

Appraisal Institute's Uniform Standards of Professional Appraisal practice (USPAP) courses are led by AI Designated Professionals, giving you an advantage when it comes to your knowledge and career. Why go anywhere else? Learn from our professionals, in class or online. Take 2020/2021 USPAP today.

Why choose Appraisal Institute's USPAP course?

Which is why, when you complete USPAP Update Courses with McKissock, you’re met with convenient learning options led by experts in your field. Plus, we’ve been the exclusive provider of The Appraisal Foundation’s National Online USPAP Update Course for 12 straight years.

How fast can I take the USPAP update course?

Jan 25, 2022 · A goal of the new 7-Hour USPAP course is to help students understand that while the public might view the appraisal process as subjective, the definition of appraiser under USPAP is “one who is expected to perform valuation services competently and in a manner that is independent, impartial and objective.”

Why choose McKissock for your USPAP update course?

Oct 08, 2021 · 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). The Appraisal Foundation develops qualifying and continuing …

What is the purpose of Uspap?

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.

What is Uspap certification?

The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States.

What is national Uspap course?

The 15-Hour National USPAP Course focuses on the requirements for ethical behavior and competent performance by appraisers that are set forth in the Uniform Standards of Professional Appraisal Practice (USPAP). The course material emphasizes the role of the appraiser and the impartiality associated with this role.

How many times can you take Uspap exam?

Many states for appraisal pre-licensing and upgrade exams have three attempts. The only exceptions are Florida, Georgia, and North Carolina, each of these states only allow 2 exam attempts.

Why are USPAP advisory opinions issued?

Advisory Opinions are issued to illustrate the applicability of appraisal standards in specific situations and to offer advice from the ASB for the resolution of appraisal issues and problems.

What are the five 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.

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.

What does Uspap say about market value?

Market Value is described in the Uniform Standards of Professional Appraisal Practices (USPAP) as “a type of value, stated as an opinion, that presumes the transfer of a property (i.e., a right of ownership, or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the ...

How does Uspap define an appraiser?

The current definition of "appraiser" according to the Uniform Standards of Professional Appraisal Practice (USPAP) is: "One who is expected to perform valuation services competently and in a manner that is independent, impartial and objective." USPAP further comments on this definition: "Such expectation occurs when ...

Who retains 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 is USPAP certification?

Every Sencer Appraisal equipment appraisal is certified as compliant with USPAP, and that certification means that our appraisers follow accepted methods of analysis and meet the highest ethical standards.

How many hours does USPAP take?

For USPAP, there is a 15-hour course and examination that must be passed. A 7-hour update course is required every two years to remain up-to-date. All Sencer Appraisal equipment appraisals are completed by an accredited equipment appraiser of the American Society of Appraisers and certified compliant with the Uniform Standards ...

How long is the USPAP?

The current USPAP guidance document is over 300 pages long, covering every aspect of appraisal standards for all types of appraisers.

What is USPAP appraisal?

USPAP is the Uniform Standards of Professional Appraisal Practice (usually pronounced ‘use-pap’), a set of standards developed by The Appraisal Foundation “ to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.”. USPAP sets important guidelines on valuation methods and techniques ...

What is a USPAP compliant appraisal?

USPAP compliant appraisals can be used in all legal and financial circumstances. Attorneys, banks, brokers, insurers, accountants, government agencies, and more all demand USPAP-compliant appraisals. By doing so, they ensure there will be no problems down the road and that the appraisals will meet all regulations.

Is Sencer Appraisal Associates USPAP compliant?

Sencer Appraisal Associates senior appraisers are fully accredited and our reports are always USPAP-compliant. We’ll be happy to help you, regardless of your industry. Write to us now or call us at 888-473-6237.

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.

Exclusive provider

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

Free download

This free download outlines some of the new USPAP Reference Manual features as well as a step-by-step process on how to find answers to your USPAP-related questions.

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.

Flexible course options

Choose from two USPAP Update Courses this cycle: The Appraisal Foundation’s online course, taken at your own pace; or a live class, written and taught by AQB-certified instructors with no exam.

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.

When is the USPAP effective?

NOTICE: Extension of Current USPAP. The Appraisal Standards Board voted on February 19, 2021 to extend the effective date of the current 2020-21 USPAP through December 31, 2022. Click here to learn more.

What is USPAP in real estate?

The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted real property appraisal standards and requires that for federally related transactions appraisers comply with USPAP. Federal, state, and local agencies, appraisal services, and many professional appraisal organizations require ...

What is the Appraisal Foundation?

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). The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted real property ...

What courses do I need to take to become a real estate appraiser?

Who is required to take USPAP courses? 1 Real property appraisers are required to take the 15-Hour National USPAP Course (or its equivalent) to obtain a state credential. Once credentialed, all real property appraisers must take the 7-Hour National USPAP Update Course (or its equivalent) once every two calendar years. 2 In addition, appraisers of all types of property (business valuation, personal property, and real property) are often required to comply with USPAP because of their affiliation with various appraisal trade organizations. For example, Appraisal Foundation sponsors who confer personal property designations must implement the minimum personal property qualifications, or the Personal Property Appraiser Qualification Criteria. These criteria include USPAP requirements. For details, please review the Personal Property Appraiser Qualification Criteria booklet.

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.

In-person classrooms

In 2020, McKissock temporarily closed our in-person classrooms to keep students and staff safe during the pandemic. We’re excited to announce that, in 2022, classrooms will reopen, allowing students to complete this cycle’s National USPAP Update Course in person.

Student interaction

In-person classes allow students to engage with instructors and local peers in your state, where you can ask questions about how USPAP applies in real-life valuation situations.

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! This supplemental literature helps you find answers for your daily appraisal practice.