New Education Initiative Launched to Address Anticipated Demand for Accredited Personal Property Appraisers

Patrick H. Ela, ASA Chair, Personal Property Discipline Committee

Patrick H. Ela, ASA
Chair, Personal Property Discipline Committee

Editor’s Note: The American Society of Appraisers is launching a new education initiative to address anticipated demand for accredited personal property appraisers. The initiative will be tailored for those considering becoming an accredited personal property appraiser. The first of four Principles of Valuation (POV) courses are scheduled for September and January. These foundation-building courses will take students through the various approaches to valuation and focus on the fundamentals and theory behind performing proper appraisals and the methodology behind the work. They are a necessary part of the requirements to become accredited. To learn more about this initiative we sat down with the chair of the Society’s Personal Property Discipline Committee—Patrick H. Ela, ASA.

 

Q: What factors are driving this anticipated demand for accredited personal property appraisers?

A: As the transferring of assets from one generation to the next increases, there will be many situations when an appraisal of personal property will be needed, examples include estate tax, equitable distribution, basis establishment, probate, trust inventory and estate planning.

Q: Who is best suited for the new education initiative?

A: The initiative will be tailored for those considering becoming an accredited personal property appraiser, including museum or auction house staff members, art advisors, art/antique dealers, retired collectors or former art history students and scholars.

Q: What will the new education initiative encompass?

A: The program will include four foundation-building Principles of Valuation (POV) courses designed to take students through the various approaches to valuation and focus on the fundamentals and theory behind performing proper appraisals and the methodology behind the work. The courses are a necessary part of the requirements to become accredited.

The Huntington Library, Art Collections & Botanical Gardens

The Huntington Library, Art Collections & Botanical Gardens

Q: When and where will the courses take place?

A: The first of four Principles of Valuation (POV) courses are scheduled for September 9-12, 2015 at The Huntington Library, Art Collections & Botanical Gardens in San Marino, CA and January 20-23, 2016 at Loyola University Museum of Art (LUMA) in Chicago, IL.

Q: Why the new venues?

A: Education today is all about meeting the changing needs of learners. Not only does this include content and delivery, but also the environment. Providing a positive atmosphere conducive to learning is paramount. For those interested in becoming a personal property appraiser, these new venues with their wonderful displays and art-centric focus will bring a sense of familiarity, belongingness and inspiration.

Loyola University Museum of Art (LUMA)

Loyola University Museum of Art (LUMA)

Q: Where can prospective students register for classes or get more insight into becoming an accredited personal property appraiser?

A: Registration or more information is available online at www.appraisers.org or by calling (800) 272-8258. Additionally, a quick overview is available at: http://www.appraisers.org/docs/default-source/discipline_pp/so-you-want-to-be-a-personal-property-appraiser.pdf?sfvrsn=10.

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