Ask an Instructor: Updates to Appraisal Templates and the Difference Between Online and Live Online Courses
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Tuesday, February 23, 2021 in Ask an Instructor
Question 1: Since the ASB announced that the 2020-2021 edition of USPAP will be extended to the end of 2022, do I need to update my appraisal templates?
Answer:
Eventually, yes. ISA Checklist #24 states to include the USPAP Certification Statement in your report and to include the year of USPAP Standards. Since we are in the year 2021, stating the year of USPAP Standards as the “current 2020-2021 edition” is still applicable. Starting January 1, 2022, you will need to update your appraisal reports to state your compliance with the 2020-2021 edition of USPAP which has been extended by the Appraisal Standards Board through December 31, 2022. You can update your reports now if you like with the notice of the extension, but adding the note will not be required to do so until the year 2022.
Question 2: What is the difference between the online distance education Fine Art and AF+DA courses and the live online Fine Art and AF+DA courses this summer?
Answer:
Great question. The live online courses will feature much of the same material as the distance courses, but the experience for the student will be different. Some students learn better in a live online setting where they can ask real-time questions and participate in discussions with not only the instructors but other classmates. It’s a great networking opportunity with other like-minded members. Students will have the benefit to learn from multiple instructors and other students to problem solve different appraisal scenarios. Instructors can slow down and speed up based on the students’ interests, and make sure that all of the students’ questions are answered.
The live online courses will supplement the classroom materials with additional videos and demonstrations. The online distance courses are wonderful for students who are self-motivated and need the ease of working remotely at their own pace. Their assigned instructor is available to answer all questions and provide guidance as needed. The choice is yours! ISA has excellent options for whichever learning environment is best for you.
This year's live online Antiques, Furnishings + Decorative Arts Course takes place July 12-17, 2021. The Appraisal of Fine Arts Course will be live online July 26-31.