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PP/GJ201OL Introduction to Personal Property Valuation
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 is designed to provide a professional foundation for any individual considering personal property appraising as a possible career. This introductory Principles of Valuation course reflects a consensus of the appraisal profession evolved over many decades in establishing a sound approach to valuation issues. While some with a casual interest may gain some insights from the course, it is primarily intended for those students with a sincere interest in an appraisal career in personal property.
Topics
- General valuation theory and principles that influence valuation
- Historical antecedents of modern appraisal practice
- Appraisal terminology
- Function of appraisal and identification in the appraisal process
- Factors affecting the valuation process
Prerequisite
- educational background or market experience relevant to the objects typically examined in current appraisal practice or expected to be examined in future appraisal practice
Instructor
Margaret A. Olsen, ASA
Westminster Coin, Jewelry and Sports Appraisals, Ltd.
Textbooks
- PP-GJ201OL Student Manual
Note: Cost of the student manual includes shipping to U.S. locations. Students will pay any additional charges for international, overnight and special handling shipping. - 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 (latest version), (Washington, DC, The Appraisal Foundation) Note: Students should purchase this textbook from the American Society of Appraisers' Member Services.
To purchase textbooks from the American Society of Appraisers' Member Services, call 1-800-ASA-VALU (272-8258) and 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, pages 49-58
- Chapter 6: Documenting Opinions: Research and Analysis, pages 102-108
Auctions: The Social Construction of Value
- Read entire book