ASA to Host Legal and Regulatory Environment for Personal Property Valuation Course in Boston

By Sharon Reed

Q&A with Sandra J. Tropper, FASA, Instructor of  “PG204-Personal Property Valuation-The Legal and Regulatory Environment

BOSTON, MA–The American Society of Appraisers (ASA) is hosting the course: “PG204-Personal Property Valuation-The Legal and Regulatory Environment” at  the Massachusetts College of Art and Design (MassArt) in Boston on May 2-5, 2019. This course introduces students to compliance with laws and regulations in order to prepare Personal Property appraisal practices. Applying the concepts learned in the previous courses, participants expand their understanding of professional standards and the ethical requirements of an appraiser. The class allows students to utilize their analysis techniques for concluding Fair Market Value in an appraisal assignment. Further insight into the auction market, the insurance industry, and how tort law affects appraisers is covered in this class. PG204 also examines the legal court precedents on which many appraisal practices and regulations are based. This is the final course in the series of Principles of Valuation (POV) courses, a series that, in conjunction with the USPAP, forms a solid foundation for those working toward ASA membership and accreditation. This class is offered through ASA’s University Partner Program in collaboration with the MassArt.

The instructor, Sandra Tropper, FASA, owner of Artemis, Inc., is an Accredited Senior Appraiser of Fine Art based in the Washington, D.C. area. Sandra “Sandie” Tropper has worked as an appraiser and art consultant for over 25 years and has completed appraisals for estate tax calculation, estate and financial planning, insurance coverage and loss claims, division of property and non-cash charitable contributions. She has completed donation appraisals for properties that have been gifted to such institutions as the National Gallery of Art, the National Portrait Gallery, the Houston Museum of Fine Art, the Phillips Collection and the Corcoran Gallery of Art. Sandie has a BA in Art History and Political Economy from Sweet Briar College, and an MA from George Washington University in Art History. In addition, she has an MA in International Studies from the Johns Hopkins University Paul Nitze School of International Studies.  

Sandie is an active member of the American Society of Appraisers. After serving for the ASA for four years as the Chair of the Personal Property Committee and nine years as Chair of Personal Property Education, she served for four years on the Society’s Board of Governors. She served on The Appraisal Foundation Advisory Council as the ASA representative for nine years and chaired the Council in 2011. She is an instructor for the ASA Principles of Valuation courses at numerous universities. Sandie is also an AQB (Appraiser Qualification Board) certified USPAP (Uniform Standards of Professional Appraisal Practice) instructor.

For more information or to register for the course, click here.

Sandie Tropper answered a few questions about this upcoming course:

ASA: Tell us about your upcoming course: “PG204-Personal Property Valuation-The Legal and Regulatory Environment.”

Sandie: The course on the legal and regulatory environment in which appraisers work provides students with the much of the rationale for the procedures or reasons that we do things the way we do. In addition to the standards and rules in the Uniform Standards of Professional Appraisal Practice and from government regulations, statues and regulations, the various court cases — beginning in the early 20th Century — have provided appraisers with legal precedents that we still follow. The course points out the differences between appraisals done for different uses such as taxes or insurance; the requirements for appraisals completed for Fair Market Value are compared to those done for insurance coverage. In addition, this last course in the series of four looks  in depth at the insurance industry and the auction venue. Finally, appraisers learn how legal issues such as copyright and liability may affect their appraisal assignments and practices.

ASA: What types of professionals would be interested in taking this course?

Sandie: Participants in class vary in age, background and interests.  Auctioneers and dealers expand their businesses by learning about valuation theory. Conservators, museum staff and people from academia are able to use their knowledge about property to make career changes into the appraisal world. Many students are able to use what they have learned from their own interests and collecting into an occupation. This is the last of a series of four courses that enables careers transitions to occur. The 120 hours of coursework arms students with the fundamentals to become professional competent appraisers. These courses provide the student with many of the building blocks toward accreditation as a professional appraiser.

ASA: What’s exciting or of particular interest about the course?

Sandie: This course for me is one of the most interesting because it changes all the time. In class we cover recent events in the personal property world as well as market changes. The articles we cover in class come from the trade papers as well as the stories found on the covers of the major papers such as the Wall Street Journal and the New York Times. We cover the record-breaking prices, the scandals and the successes in the world of personal property: art, antiques and decorative arts, books, manuscripts, musical instruments, etc. This course includes discussions and a lot of interaction among students, people who will become each other’s colleagues and resources in the future.

   ASA: What will Personal Property appraisers gain from taking this course?

Sandie: Personal property appraisers gain an understanding from this course about the environments in which they work — galleries, dealers, courts, and markets in general. They also are able to share with each other their personal experiences from whatever area they have come — collector, buyer, seller, dealer, conservator, curator, registrar, etc.

For more information or to register for the course, click here.

Print Friendly, PDF & Email
Share

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>