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PP/GJ202OL Personal Property Valuation Methodology - Research and Analysis
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 (latest version), (Washington, DC, The Appraisal Foundation) Note: Students should purchase this textbook from the American Society of Appraisers' Member Services.
- A Short Guide to Writing About Art, by Sylvan Barnet, 7th edition, (New York, Longman, 1997)
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
- 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