Course Length: Enroll at any time and take five weeks to complete the course
Exam Hours: 3
CEUs: Earn 3.0 CEUs from ASA for successful completion of course and exam

This course will discuss the relationship of valuation theory to market economics and statistics. It includes the matching of appraisal methods to appraisal purposes and objectives. It discusses and applies the use of statistics in valuation and work plans for research design and organization.

Topics

• Relationship between valuation theory and market economics and statistics
• Matching appraisal methods to appraisal purposes and objectives
• Researching primary and secondary sources
• Uses of statistics in valuation
• The work plan and its components
• Research design and organization
• Interpretation of catalog information and prices
• General valuation theory and principles that influence valuation
• Appraisal terminology
• Functions of appraisal and identification in the appraisal process

Prerequisite

Successful completion of PP-GJ201: Introduction to Personal Property Valuation

Instructor

Margaret A. Olsen, ASA

Westminster Coin, Jewelry and Sports Appraisals, Ltd.

Textbooks

"Auctions: The Social Construction of Value," by Charles Smith (Berkeley: University of California Press, 1990)

"The Appraisal of Personal Property: Principles, Theories and Practice Methods for the Professional Appraiser," (Washington, DC, American Society of Appraisers, 1994)

"Appraisal Standards Board, Uniform Standards of Professional Appraisal Practice" (current edition), (Washington, DC, The Appraisal Foundation)
Note: Students purchase this textbook directly from the Appraisal Foundation web site (http://www.appraisalfoundation.org/html/store/list.asp).

"A Short Guide to Writing About Art," by Sylvan Barnet, 7th edition, (New York, Longman, 1997)

Purchase textbooks from the American Society of Appraisers' Member Services at 1-800-ASA-VALU (272-8258), select option 3. Be sure to mention to Member Services that the books are for the online course.

Required advance reading

"The Appraisal of Personal Property: Principles, Theories and Practice Methods for the Professional Appraiser"

• Chapter 1: Value and Market Level Definitions
• Chapter 2: Ethical Standards of Professional Appraisal Practice
• Chapter 3: Established Principles and Methods of Valuation
• Chapter 5: Valuation for Specific Purposes and Intended Uses
• Chapter 6: Documenting Opinions: Research and Analysis
• Chapter 7: Information Management, Sources and Control

"Auctions: The Social Construction of Value"

• Review book, especially pages 132-184

"A Short Guide to Writing about Art"

• Chapter 2: Analysis
• Chapter 9: Writing a Reseach Paper

Course fees

ASA members: $700
All others: $750

Note: Course fees will be based on membership status at the time of enrollment in the course.

To enroll:

To start the enrollment process, click here.

For more information, contact:

Program or course information:

American Society of Appraisers
1-800-ASA-VALU (272-8258), Ext. 124

Technical questions about online courses or registration:

MU Direct
102 Whitten Hall
University of Missouri-Columbia
Columbia, MO 65211-6300
(573) 882-3598 or 1-800-545-2604
fax: (573) 882-5071
MUdirect@missouri.edu