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January 6, 2002
© Copyright 2002, IRED.com, Inc.
Appraisal Foundation Improves USPAP Education
The Appraiser Qualifications Board (AQB), an independent Board of The Appraisal Foundation, has developed a program to improve and standardize the overall quality of Uniform Standards of Professional Appraisal Practice (USPAP) education USPAP, the generally recognized standards of the appraisal profession, is a key component in both qualifying and continuing education of real property appraisers nationwide. In response to concerns raised regarding the quality and uniformity of USPAP education, the AQB has adopted changes to the Real Property Appraisal Qualification Criteria and have thus established a formal Program to Improve USPAP Education. These improvements take effect January 1, 2003
The Program to Improve USPAP Education focuses on the following elements:
- Consistent USPAP course content for both qualifying and continuing education;
- Certification of USPAP instructors to ensure subject matter competency; and,
- Increased continuing education requirements for appraisers, including a minimum
seven hours of USPAP education every two years.
A major part of the Program is the Instructor Certification Course. This Course is an in-depth study of all concepts presented in the annual edition of USPAP and will include two days of instruction by a current or former member of the Foundation's Appraisal Standards Board (ASB) followed by a comprehensive exam on the third day.
The Appraisal Foundation, a non-profit organization established in 1987, is dedicated to the professional advancement of the appraisal profession. The Foundation accomplishes its mission through the work of its two independent Boards, the Appraisal Standards Board (ASB) and the Appraiser Qualifications Board (AQB).
Pat Rioux
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