I. New York University/SPS Appraisal Studies Certificate Program The Appraisers Association of America has been affiliated with New York University’s School of Professional Studies (SPS) offering a Certificate in Appraisal Studies in Fine and Decorative Arts for nearly 30 years. The Appraisal Studies Program at NYU is one of the most important training grounds for appraisers and is considered an important step in becoming a member of the Appraisers Association of America, especially for those professionals transitioning from a related career. Some of our Board members have completed the Certificate program and began their careers as appraisers after securing their certificate. All required courses and many electives are available in traditional format and online. Click here to view current courses. Each summer, NYU SPS offers a Summer Intensive offering in which all requirements can be completed in the span of four weeks – typically the month of July. You can find more information here about the upcoming 2015 Summer Intensive taking place June 29, 2015 – July 24, 2015. The Certificate in Appraisal Studies in Fine and Decorative Arts is awarded to those who successfully complete six required courses and 40 session electives. Elective courses are listed as a five session elective or as a ten session elective. QUICK LINKS Required Coursework Membership Application Contact Information Professional Experience Educational Background Professional Reference Areas of Specialization Appraisals Application Fee Mentor Applicants List Published USPAP Admissions Committee Review Dues
ABOUT APPRAISING What is an appraiser? An appraiser is a professional with the expertise and credentials needed to evaluate property. While there is no license for personal property appraisers (as with real estate), appraisers should have taken the Uniforn Standards in Professional Appraisal Practice (USPAP) course within the past 24 months. USPAP is the guidelines set for for appraisers by The Appraisal Foundation. Read more about USPAP here. Why hire an Appraisers Association member? The Appraisers Association of America is an international organization based in New York City with members in cities across the country as well as in Canada, Europe and Asia. In a field with no degree and no license, membership in the Appraisers Association of America is one of the most important credentials to look for in a personal property appraiser. Our members are USPAP compliant and known for the highest standards of ethics, conduct and professionalism. Professional members of our Association are in one of four categories: Certified Member, Life Certified Member, Accredited Member, and Life Accredited Member. Certified is the highest level of membership and a Certified Member always has a designation of AAA after his/her name indicating that they have particular expertise in a specified area. About the Appraisal Profession In the appraisal profession, there are five major categories: personal property, real property (real estate), business valuation, machinery and equipment, and gems and jewelry. Although the organization has members in several of these areas, the majority of our members are personal property appraisers specializing in the fine and decorative arts, jewelry, and household contents. Their areas of specialization range from paintings and drawings, to clocks and watches, to furniture and ceramics. Members frequently specialize in more than one area, and many are certified experts in more than one area. Our members provide appraisals for purposes of insurance, estate tax, charitable donation, equitable distribution, liquidation, purchase, and sale. Appraiser’s Training There are several routes you can take if you are interested in becoming an appraiser, including completing the Appraisal Studies Certificate at NYU. Click to learn more about what opportunities exist for those interested in becoming professional appraisers and members of the Appraisers Association! Experts’ Guide to Collecting What we like to refer to as our ‘best practices brochure’, this is a great guide for all collectors, old and new. Written with the help of our Advisory Council, containing insurance agents, lawywers, and more, every expert should have copy! Join the AAA Learn more about the application process and what is required for all members of the Appraisers Association of America.
What is USPAP? The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in North America. USPAP contains standards for all types of appraisal services, including: real estate, personal property, business and mass appraisal. The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federal-related transactions. As there is no national license for personal property appraisers, USPAP compliancy is an important credential, and one that the IRS uses to measure appraisals as acceptable for tax purposes. The IRS is much less likely to question appraisals completed by USPAP compliant appraisers. See Pension Protection Act. Click HERE to read more. History of USPAP Established in 1987 and based in Washington DC, The Appraisal Foundation is a non-profit educational organization with a mission to foster professionalism in valuation through the establishment and promotion of professional appraisal standards and appraiser qualifications. The work of the Foundation is important to all disciplines of the appraisal profession as well as to the consumer public. The work of the Foundation benefits the appraisal profession by functioning to increase the quality of appraisals and by addressing issues critical to the advancement professional valuation. Users of appraisal services and consumers can feel confident that the Foundation is working to serve their needs and help protect their financial well-being. The Foundation accomplishes its mission through the work of three independent boards: the Appraiser Qualifications Board (AQB), the Appraisal Standards Board (ASB), and the Appraisal Practice Board (APB). The AQB establishes the minimum education, experience and examination criteria for appraisers; the ASB promulgates the generally accepted standards of the valuation profession; and the APB identifies and issues opinions on Recognized Valuation Methods and Techniques. Since its inception, the Foundation has worked to foster professionalism in appraising by establishing, improving, and promoting the Uniform Standards of Professional Appraisal Practice (USPAP). Click HERE to read more. Affiliation with the Appraisal Foundation The Appraisers Association is a sponsor of the Appraisal Foundation. To maintain our sponsorship, we must ensure that all of our members meet the standards set forth by the Foundation. Our affiliation also provides us the right to reproduce USPAP. Click HERE to read more.