(ASA Fast Read dated Jan 11, 2010)
In a letter dated January 5, 2010, The Appraisal Foundation officially granted ASA’s request to allow BV, GJ, MTS, and PP appraisers subject to USPAP the following options for meeting USPAP continuing education requirements:
- Successful completion of the 15-Hour National USPAP Course and pass the associated 15-Hour National USPAP Course Examination every five calendar years, or
- Successful completion of the 7-Hour National USPAP Update Course every two calendar years, or
- Successful completion of a 7-Hour National USPAP Update Course specific to Business Valuation, Gems and Jewelry, Machine and Technical Specialties, or Personal Property every two calendar years.
A 7-Hour discipline specific USPAP Course will need approval from the AQB Course Approval Program.