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2014 International Appraisers Conference Wrap-Up

The City of Savannah Mayor, the Honorable Edna Branch Jackson speaking at IAC 2014.

The City of Savannah Mayor, the Honorable Edna Branch Jackson speaking at IAC’14.

The American Society of Appraisers recently held its annual 2014 International Appraisers Conference on September 14-17 in Savannah, Georgia. IAC’14 kicked off Sunday night with a Get-Acquainted Welcome Reception, allowing attendees to mingle among the crowd and network with one another.

Monday, September 15, began with an opening address by International President Gary Smith, ASA, MGA, followed with an introduction by David P. Adams III, ASA for the City of Savannah Mayor, the Honorable Edna Branch Jackson. The mayor welcomed all to the city and later visited with attendees and posed for pictures. The morning continued with America’s favorite comedic motivational speaker, Charles Marshall, as this year’s keynote speaker. With his animated delivery and original observations, attendees received a powerful message and good laughs to begin the day. The activities planned for Monday included over 20 educational sessions, the Educational Foundation Auction, President’s Networking Reception and the International Awards Presentation. ASA was proud to offer a diverse selection of educational sessions throughout the conference. Monday morning’s sessions ranged from synthetic diamonds; business valuation concepts; personal property income approach; best practices and simulation with presentations by Charles Carmona, ASA; Raymond Rath, ASA; Gary Trugman, ASA; Ernest Demba, FASA and Kevin Couillard, ASA. After a refreshment break and networking in the exhibit hall, three classes continued their sessions while new sessions started on damaged diamonds and formulating and disproving value by Philip van Emmenis and Charles Rosoff, ASA, respectively.

The Banking Roundtable was held Monday afternoon with Thomas D. Boyle, MAI, as the featured guest speaker. This event was sponsored by ASA’s Machinery & Technical Specialties Discipline. ASA and Discipline leaders along with banking and leasing professionals sat together and discussed the appraisal industry and best practices in relation to banking and leasing. Photos from the Banking Roundtable can be viewed here.

During Monday afternoon’s International Awards Presentation, ASA members, volunteers, chapters and staff were recognized and honored for their achievements. ASA’s Healthcare Special Interest Group (HSIG) chair, Robert James Cimasi, ASA gave a special presentation during the ceremony. The full list of award winners can be viewed here and photos from the Awards Luncheon can be viewed here.

CAPTION

Gary Trugman, ASA, presenting on ‘What a Personal Property Appraiser Needs to Know About the Income Approach’ on Monday.

Sessions continued into the afternoon with presentations by Al Gilbertson presenting on the evolution of diamond cutting; Paul Cogley, ASA; Thomas Sexton, ASA and Daniel Wigal, ASA, on bank requirements for MTS; Paul Matheny on visual culture of South Carolina; Roger Durkin, FASA, on real property report reviews; Michael Freed and Chris Mellen, ASA, on red flags in business valuations; Manuel Marcial and Carl Schutze on conch pearl; Joseph M. Santora, ASA, on the construction industry; Thomas Boyle on standards; Joseph M. Cornell, ASA, on appraising firearms and David Crick, ASA; Tom Keith, ASA; Robert B. Morrison, ASA, and Patrick Simers on multidisciplinary assignments.

The Educational Foundation Auction and President’s Networking Reception followed Monday’s classes in the evening. The silent auction was a success due to over 70 items being donated, which exceeded the number donated in years past. Items donated included jewelry, books, wine, classes and even a lobster dinner. Photos from the Educational Foundation Auction can be viewed here.

ASA’s Personal Property Committee (PPC) hosted a special event during the evenings of the conference. The Personal Property Hospitality Suite was an opportunity for all students, candidates and members to socialize and network with one another. Jennifer Schleining, ASA’s PP Accreditation/Reaccrediation Specialist and Edie Yeomans, FASA presented on the PP advancement process during Monday nights’ meeting and Charles Rosoff, ASA spoke on a current bankruptcy case involving appraisers and the appraisals submitting to court on Tuesday nights’ meeting.

Tuesday was a full day of educational sessions with over 30 industry experts teaching on topics of provenance; appraising and consulting objectives; charitable contribution appraisals; allocating components; estate jewelry; trends in cross-border valuations; English influence on Savannah architecture; emeralds of the atocha; appraisal reviews; applying the blockage discount; American federal period silver; economic obsolescence; the Telfair Museum; sales comparison approach; inventory valuation and motor vehicle appraisals. The presentations on Tuesday were by professionals Martin D. Fuller, ASA, MGA; Jack E. West, ASA; Lela Hersh, ASA; Larry Perdue, ASA; Robert C. Schlegel, FASA; Deane Wilson, ASA; Dan Durland; Matthew A. Tanner, ASA; Amanda Everard; Manuel Marcial; Carl Schutze; Christina Hoarle; Leslie Vitale Pardavila, ASA; Laurance D. Triplette, ASA; Jannette Barth; Frances Zeman, FASA; Joe Brady; Clayton Baumann; Christopher Sytsma, ASA; Martha Severns; Robert S. Svoboda, ASA; Park R. Johnson, ASA; David H. Kinney, ASA; Jon W. Lundberg Sr., ASA; Donald W. Osborne, ASA and Tom Simatos, ASA.

Gems and Jewelry attendees had a chance to go on a tour of the Georgia Historical Society and Owens-Thomas House Tuesday afternoon. Attendees were given a short background presentation on the historical society, one of the oldest operated historical societies in the South. They were shown Southern jewelry from the society’s archives and went on a self guided tour. The Owens-Thomas House is considered by architectural historians to be one of the finest examples of English Regency architecture in America. Attendees enjoyed a guided tour and shopping at their gift shop.

A select group of Gems and Jewelry attendees also lent a hand in the production of a new ASA Gems and Jewelry membership recruitment video by recording testimonials while at the conference. The video will also include photographs of G&J events over the past two years and will premiere at the discipline’s booth at the annual American Gem Trade Association trade show in Tucson this February.

Also on Tuesday afternoon, the ASA PAC raffle drawing for a new Apple iPhone 6 was held. Proceeds from the raffle along with contributions received, help fund the Society’s ongoing government relations efforts.

LAUGHING
Attendees enjoying presentations during the conference.

Wednesday was the last day of the conference and consisted of 10 educational sessions ranging from building your brand; aircraft appraisers; provenance; contemporary ad valorem; lighting for the gemology; replacement costs vs. reproduction costs; Gulfstream Aerospace products update; members helping members and making the best of the unexpected. Leaders in the profession instructing these sessions were Susan Dubuque; David Crick, ASA; Sharon Desfor, ASA; Richard Newton, ASA; Barbara A. Spoor, ASA, Sandra J. Tropper, ASA; Edie Yeomans, FASA; Paul K. Bidwell, ASA; Thomas Countryman; Micheal Lohmeier, FASA; Manfred Eickhorst; Greg Huber; Stephen Mezzo; Richard A. Berkemeier, ASA; Lor Izzard; Jim Ross; Jim Tai, Charles I. Carmona, ASA; Martin D. Fuller, ASA; Carole C. Richbourg, ASA, MGA; Patrick H. Ela, ASA; Deane Fehrman, FASA; Susan Golashovsky, ASA and Janella Smyth, FASA.

The Personal Property Committee had two post conference days following IAC’14. Following the wrap up of IAC, attendees enjoyed a visit to the Telfair Museum Jepson Center, which features the Telfair’s Kirk Varnedoe Collection and is considered the oldest public art museum in the south. That night attendees were invited on a journey of America’s “Most Haunted City,” exploring Savannahs’ paranormal activity. Thursday was a full day of The Best of Historic Savannah tour. The group started with a self-guided tour of the Savannah History Museum’s permanent collection then went to visit the Green-Meldrim House, which is the finest example of Gothic Revival architecture in the South, and was headquarters of the Federal army when they occupied Savannah during the Civil War. A visit to the Andrew Low House, Ships of the Sea Maritime Museum and the Savannah College of Art and Design followed by a free concert in celebration of “The Modern Era” rounded out the last day of the Personal Property Committee post conference.

ASA hosted a series of pre-conference educational courses in Savannah prior to IAC 2014. The courses given were BV301-Valuation of Intangible AssetsBV204-Advanced Topics in Business ValuationARM204-Appraisal Review and Management OverviewBV201-Introduction to Business Valuation, Part 1ME202-Machinery and Equipment Valuation MethodologyHCWG-The Four Pillars of the Healthcare IndustryME211-Business Valuation Concepts for Fixed Asset Appraisers and ALL220-Ethics and the Appraiser. The two-day in-person health care valuation course session by the American Society of Appraisers Healthcare Special Interest Group (ASA HSIG) featured a blockbuster faculty including, Barry S. Herrin, CHPS, FACHE, FAHIMA, Esq; Bruce A. Johnson, JD, MPA; Steven H. Pratt, Esq; Scott A. Edelstein, Esq; Robert James Cimasi, MHA, ASA, FRICS, MCBA, CVA, CM & AA.

The American Society of Appraisers would like to thank Helivalue$, Inc. (Internet Sponsor, Exhibitor), ASA Healthcare Special Interest Group (Refreshment Break Sponsor, Exhibitor), Charlton Hall Auctioneers (Exhibitor), ASA PAC (Exhibitor) Mynarski International Valuation (Advertiser), International President and Conference Chair, Gary L. Smith, ASA, MGA and the planning committee and advisors, Richard W. Goeldner, ASA; Christina (Nina) Woolford, ASA; Michael R. Crismyre, ASA; Sharon R. Rollins, ASA; Samuel F. Luceno, FASA; Kevin S. Reilly, ASA; Sharon H. Campbell, ASA and Deane Fehrman, FASA for all their hard work and support. Photos from the 2014 International Appraisal Conference can be viewed here.

Save the date! Make plans to attend the 2015 International Appraisal Conference in Las Vegas, NV at The Mirage Hotel and Casino on October 18 -21, 2015. See you then!

Thank you again to all our supporters for making IAC’14 a great success!

By Alison Ho, Marketing Assistant at American Society of Appraisers

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Spotlight on Member

(left to right) Marie Collias, ASA, Secretary/Treasurer of the Detroit Chapter; Dan Edwards, ASA, President of the Detroit Chapter; Garrett Steele, ASA and Kristen Sieloff, ASA, Vice President of the Detroit Chapter.

(left to right) Marie Collias, ASA, Secretary/Treasurer of the Detroit Chapter; Dan Edwards, ASA, President of the Detroit Chapter; Garrett Steele, ASA and Kristen Sieloff, ASA, Vice President of the Detroit Chapter.

ASA’s Detroit chapter recently acknowledged the professional achievements of member, Garrett Steele, ASA, at a recent chapter sponsored event.

“One of the main attributes of ASA members are their constant pursuit of higher knowledge and aptitude in valuation,” says Detroit Chapter member Micheal R. Lohmeier, FASA. “Mr. Steele reflects the commitment of our ASA members to our profession and we wish him continued success as a valuation professional.”

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Membership Benefits of an International Society

Analee McClellan, ASA and Franklin Reid, ASA

Analee McClellan, ASA and Franklin Reid, ASA at IAC ’14 in Savannah, GA.

When Southern California Personal Property appraiser Analee McClellan, ASA was contacted for an assignment in Jamaica, she reached out for assistance with the inspection to MTS colleague Franklin Reid, ASA. McClellan comments, “I would have been delighted to travel to Jamaica, but collaborating with a local ASA valuation professional was more cost effective. Franklin, who lives in Kingston, Jamaica, was able to examine and photograph the property following my guidelines and instructions.”

The two appraisers met for the first time in Savannah at the 2014 International Appraisers Conference. They describe this project as an all-around “win.” The client received the services of two ASA accredited senior appraisers without having to pay for time and travel from Los Angeles. And the two appraisers were able to accept an assignment that would otherwise not have been possible. As McClellan explains, the ASA connection enabled her to “get the job done in a manner that was both professional and cost effective for my client.”  She adds, “this is only one example of project management. For other assignments I have brought in ASA members for their expertise in different specialty fields within Personal Property.” Reid says that “working with Analee was a great example of how ASA membership facilitates both international and multi-disciplinary collaboration.”

Both enjoyed the recent conference in Savannah, and McClellan concluded our interview by noting, “At conferences and other Society meetings, I have become acquainted with colleagues throughout the U.S. and internationally. Appraisers, who attend these meetings, stand out as individuals, who share my commitment to keep up with our professional standards and practices.”

By Patricia H. Atwood, ASA 

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ASA Chicago Chapter at ICAP

Steve Thomas, ASA and Chicago Chapter Past President (right) with two ICAP members at the ICAP’s Lisle Seminar in August.

Steve Thomas, ASA and Chicago Chapter Past President (right) with two ICAP members at the ICAP’s Lisle Seminar in August.

On August 18, 2014, ASA’s Chicago Chapter participated in ICAP’s Lisle Seminar hosted by the Illinois Coalition of Appraisal Professionals (ICAP) in Lisle, IL. The event was attended by over 300 appraisers and focused on legislative and regulatory updates geared toward real property appraisers. A number of speakers presented at the event, as well as Chicago ASA Member, P. Barton DeLacy, presenting on ‘Valuation Consulting, Beyond Bank Work: Growing Your Business Through Consulting.’ Three Chicago Chapter Past Presidents, Park R. Johnson, ASA, Patricia H. Atwood, ASA and Steve Thomas, ASA, who is also a Past President of ICAP, were on hand to speak and to promote the Society and recruit new members.

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Gulfstream Aerospace Product Update

Gulfstream manufacturing facility in Savannah, Georgia.

Gulfstream manufacturing facility in Savannah, Georgia.

The Gulfstream Aerospace Product Update took place on September 17, 2014 at the 2014 International Appraisers Conference in Savannah, GA. ASA’s Machinery and Technical Specialties Discipline sponsored this sold-out and oversubscribed event.

David Crick, ASA and Richard A. Berkemeier, ASA.

David Crick, ASA and Richard A. Berkemeier, ASA.

Attendees were given a tour of the headquarters of the Gulfstream Facility in Savannah and sat in on discussion and panel updates given by Jim Tait, Vice President of Sales Operations and Analysis, Gulfstream VP Pre Owned Aircraft Sales; Paul Palminteri, Sales Director of Pre Owned Aircraft, Western Division, Gulfstream; Lor Izzard, Director of Sales Support and Technical Marketing, Gulfstream and Richard A. Berkemeier, ASA.

Group photo in front of the Gulfstream G280.

Group photo in front of the Gulfstream G280.

Also in attendance as part of ASA’s Aircraft Appraisal Panel were Sharon Desfor, ASA, MRICS, President of HeliValue$, Inc.; David Crick, ASA, Partner at Lloyds Asset Services; Richard A. Newton, ASA, Director of Aircraft Appraisals at Axiom Aviation, Inc. and Barbara Spoor, ASA, Corporate Vice President at SAI Valuations LLC. Gulfstream Aerospace’s company catalog can be viewed here and here.

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Torrance, CA Classes

 

Penelope A. Bahn, ASA and Tsung – Ying “David” Chuang, ASA attending Business Valuation classes in Torrance, CA. Photo courtesy of Paul E. Drooks.

Penelope A. Bahn, ASA and Tsung – Ying “David” Chuang, ASA attending Business Valuation classes in Torrance, CA. Photo courtesy of Paul E. Drooks.

On August 21- 24, 2014, nearly 100 students attended ASA’s five classes held in Torrance, CA. The five classes that were held were ARM201 – Appraisal Review and Management Overview, BV201 v14 – Introduction to Business Valuation, Market Approach, BV202 v14 – Introduction to Business Valuation, Income Approach, BV301 – Valuation of Intangible Assets and ME201 – Introduction to Machinery and Equipment Valuation.

Analee McClellan, ASA and Steve Hjelmstrom, ASA, at ASA’s Torrance, CA classes. Photo courtesy of Paul E. Drooks.

Analee McClellan, ASA and Steve Hjelmstrom, ASA, at ASA’s Torrance, CA classes. Photo courtesy of Paul E. Drooks.

Instructors on site were Robert Podwalny, FASA; Lawrence Levine, ASA; Russell T. Glazer, ASA; Raymond D. Rath, ASA and Paul Cogley, Jr., ASA. Paul E. Drooks, ASA from the Society’s Los Angeles Chapter was onsite to photograph the classes. Photos from the classes are available online here.

Robert Podwalny, FASA, instructor of ARM201 – Appraisal Review and Management Overview. Photo courtesy of Paul E. Drooks.

Robert Podwalny, FASA, instructor of ARM201 – Appraisal Review and Management Overview.
Photo courtesy of Paul E. Drooks.

“I took the BV202 course in August of this year,” says Michael Bradford, son of long time ASA member George M. Bradford. “The experience was beneficial on many levels. The instructors were knowledgeable, friendly and approachable. The venue, albeit sometimes cold to keep us awake, was pleasant and the food was delicious. Lastly, I really enjoyed getting to know the other students in the class.” 

 

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The Appraisal Foundation Host Their Second Personal Property Roundtable Discussion

On September 23, 2014, the Appraisal Foundation sponsored the second Round Table discussion regarding the current status of and future of personal property appraisers. The Foundation includes all USPAP 7 and 8 users in their “Personal Property category:” Personal Property, MTS and G&J are all included.  Focusing on the issue of public trust, one of the underlying goals of The Uniform Standards of Professional Appraisal Practice, each speaker addressed different aspects of personal property appraising and their efforts to engender the confidence of their clients and the public in them individually and in all in the appraisal profession.  The Round Table was organized by the Personal Property Resource Panel, an advisory group to the Foundation’s Board of Trustees.

Round Table speakers were both appraisers and users of appraisal services. They included a number of members of the American Society of Appraisers including David Kinney, ASA; Jeffrey Fuller, ASA; Sandie Tropper, ASA, from the personal property discipline; Bill Engel, ASA, and John Connelly, ASA from the MTS discipline. In addition, there were speakers from the American Association of Appraisers, the International Society of Appraisers, the Art Dealers Association of America and other independent appraisers.

Appraisal Qualification Board Chair Wayne Miller and Appraisal Standards Board Chair Barry Shea were also speakers at the Round Table. Chair Miller stated that the AQB would be exposing another draft of the Personal Property Qualifications in the next few weeks.

Also in the audience were numerous ASA members together with John Russell from ASA headquarters, both retired and current IRS personnel, appraisers, conservators and others interested in personal property appraisal.

The subjects covered included the overall mission of The Foundation, the differences between the expectations of a client and people who bring property for valuation at The Antiques Roadshow, what intended users looking for in a personal property appraiser, and finally, the possibility of a national directory of personal property appraisers as a proactive measure.

Additional Note for PP, G&J and MTS appraisers: The Appraisal Foundation also provided all Round Table attendees with the new brochures that were developed by their PR firm: “Valuation of Fine and Decorative Art,” “Valuation of Machinery and Equipment,” and “Valuation of Gems and Jewelry.” These can be downloaded from The Appraisal Foundation website for free for distribution to clients (www.appraisalfoundation.org).

Additional Note: The Foundation’s Board of Trustees established a Personal Property Resource Panel as an advisory group to the Board several months ago. This group provides suggestions and information to the Board of Trustees under the leadership of Jane Jacob, RICS, secretary to The Board and a personal property appraiser. Other members of the Resource Panel include Edie Yeomans, FASA; Sandie Tropper, ASA; Christine Corbin, ASA and John Connelly, ASA.

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Alliance for Valuation Education Class

(Standing—Left to Right) Heidi Henning; David E. Burgoyne, ASA; Steve Spangle; Ronald E. Prat, ASA (ASA Detroit Chapter Past President); Lenard A. Spalding, ASA; Magdalene Vasquez; Phillip Gainey; Michael T. Orman, ASA (ASA Real Property Committee Chair); Lee P. Hackett, FASA (ASA College of Fellows Observer); Paul Bierschwale; Brian Field; Scott Seely; Gilbert Santana. (Sitting—Left to Right) Susan Martins-Phipps; Carol Mangan and Deidre Alves.

(Standing—Left to Right) Heidi Henning; David E. Burgoyne, ASA; Steve Spangle; Ronald E. Prat, ASA (ASA Detroit Chapter Past President); Lenard A. Spalding, ASA; Magdalene Vasquez; Phillip Gainey; Michael T. Orman, ASA (ASA Real Property Committee Chair); Lee P. Hackett, FASA (ASA College of Fellows Observer); Paul Bierschwale; Brian Field; Scott Seely; Gilbert Santana. (Sitting—Left to Right) Susan Martins-Phipps; Carol Mangan and Deidre Alves.

On August 20-21, 2014 the Alliance for Valuation Education (Alliance) held their first continuing education class for real property appraisers in Chicago, IL. The seminar was titled “Understanding and Using Comparable Transactions” and was attended by ASA members David E. Burgoyne, ASA; Ronald E. Prat, ASA (ASA Detroit Chapter Past President); Lenard A. Spalding, ASA; Michael T. Orman, ASA (ASA Real Property Committee Chair) and Lee P. Hackett, FASA (ASA College of Fellows Observer). “The level of participation and collaborative effort from the Alliance Sponsors at our first course premiere has been invaluable,” says Magdalene Vasquez, staff executive at the Alliance. “The spirit of cooperation among the various organizations will help us move forward with a high-quality course, and we look forward to future development efforts.”The Alliance for Valuation Education is a non-profit established with the support of thirteen leading valuation- related organizations. The purpose of the Alliance is to develop timely and consistent quality educational content that may not be readily available in the marketplace.

alliance-graphicIn particular, the Alliance aspires to better serve the large group of appraisers who are not affiliated with a professional organization and to supplement existing education with a broader array of valuation topics and expanded coverage of relevant material. Learn more about the Alliance at http://www.avenew.org/.

 

 

 

 

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ASA and Chicago Chapter at World of Gems Conference

ASA participants from left to right: Susan Eisen, ASA, MGA, El Paso Chapter Vice President and ASA GJ Committee Treasurer; Patricia H. Atwood, ASA, Chicago Chapter and PP Committee; Thom Underwood, ASA, MGA, GJ Discipline Governor; Barbara R. Nevius, GG; Amy Walter, ASA, MGA; Barry S. Block, ASA, MGA; Nancy Stacy, ASA, MGA, GJ Discipline Governor; Mona L. Miller, FASA, MGA; Angelica Chapman, Houston Chapter Treasurer and Paul D. Indorf, ASA, MGA.

ASA participants from left to right: Susan Eisen, ASA, MGA, El Paso Chapter Vice President and ASA GJ Committee Treasurer; Patricia H. Atwood, ASA, Chicago Chapter and PP Committee; Thom Underwood, ASA, MGA, GJ Discipline Governor; Barbara R. Nevius, GG; Amy Walter, ASA, MGA; Barry S. Block, ASA, MGA; Nancy Stacy, ASA, MGA, GJ Discipline Governor; Mona L. Miller, FASA, MGA; Angelica Chapman, Houston Chapter Treasurer and Paul D. Indorf, ASA, MGA.

Chicago Chapter volunteers teamed up with ASA Gems & Jewelry members and with ASA university partner, the Graham School of the University of Chicago.

Together they participated as exhibitors at the World of Gems Conference held September 20-21, 2014 in Chicago, IL to promote the benefits of membership in ASA and to provide information about upcoming PP/GJ Principles of Valuation classes.

Nancy Stacy, ASA, chats with World of Gems participant.

Nancy Stacy, ASA, chats with World of Gems participant.

The conference, which had 250 attendees, featured top international speakers and attracted a distinguished audience of GJ professionals.

 

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ASA eLearning: Education You Want—When and Where You Want It!

bigstock-Happy-businesswoman-sitting-an-27197741_v4ASA’s eLearning course offerings have been designed to meet the needs of appraisers at every stage of their career. Whether working towards your ASA or AM designation or a seasoned professional looking to expand your skill set. Here’s a brief look at current and upcoming ASA eLearning offerings:

7 Hour Uniform Standards of Professional Appraisal Practice (USPAP) for Personal Property Webinar
When: Wednesday, August 27, 2014, 11:00 a.m. – 6:30 p.m. ET; Continuing Education Credits: 7 hours
This live webinar is designed specifically for individuals who have completed the full 15-hour USPAP course and require updated information. The presentation will familiarize users of USPAP Standards 7 and 8 (GJ, MTS and PP) with recent, significant revisions to USPAP that impact every practicing appraiser in the personal property arena. In addition, the webinar will confront some of the regularly misunderstood concepts in USPAP and reviews their application through the use of other communications published by the Appraisal Standards Board. Participation in this 7 hour webinar will meet current USPAP requirements established by the Appraisal Foundation for GJ, MTS and PP appraisers who are ASA members. This course allows the personal property appraiser to fulfill their USPAP requirement for two (2) years.

Live Synchronous Online POV Courses
When: Early Fall 2014—dates and times pending; Continuing Education Credits: 27 hours
ASA will be offering two new live synchronous online POV courses, one for business valuers and the other for machinery & technical specialty appraisers. The courses will be available in a new “live synchronous” online format where students can interact with instructors/classmates remotely via their computer in the convenience of their home or office. This option significantly reduces time spent out-of-office and will save hundreds of dollars in travel expenses related to continuing professional education. A student will simply log in from his or her computer, greet the instructor/classmates and participate in real time discussions and course activities. Class size will be restricted to 25 students. Registrations will be accepted on a first-come basis. Detailed course information, including course descriptions, class dates and times and registration links will be announced shortly.

Cost of Capital OnDemand
When: Available OnDemand; Continuing Education Credits: 8.5 hrs.
Many practitioners are unaware of criticisms made of the most widely used methods for estimating Cost of Capital. This course will address quite a few of these criticisms in more depth. This course also examines widely used sources of data (e.g., SBBI Yearbook, Duff & Phelps’ Risk Premium Report, etc.) to understand how data are developed, how to correctly use the data and criticisms of the data. Other cost of capital issues are also discussed in this course, such as: estimating returns for troubled companies and estimating returns for pass-through entities (e.g.,”S” corporations).

National 7 Hour USPAP for Business Valuation OnDemand
When: Available OnDemand; Continuing Education Credits: 7 hrs.
This is ASA’s new online 7-hour USPAP Update course designed for business valuation professionals who have completed the full 15-hour USPAP course and only require updated information. This course focuses primarily on recent changes and major sections of the 2014-2015 Edition of USPAP, that relate specifically to business valuation. This course allows the business valuation professionals to fulfill their USPAP requirement for two (2) years.

 To register or for more information about ASA’s eLearning course offerings, visit www.appraisers.org or call (800) 272-8258.

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