ASA SAN DIEGO CHAPTER SPONSORS APPRAISAL FOUNDATION SPEAKER JAN. 20TH ON 2010 USPAP NEW USPAP RULES IN 2010
Are You in Compliance?
Speaker - John S. Brenan, Director of Research & Technical Issues for the Appraisal Foundation
News-Antique.com - Dec 14,2009 - USPAP (Uniform Standards of Professional Appraisal Practice) is the “Gold Standard” of appraisal practice, technique and due diligence. The Appraisal Foundation was created by Congress in 1986 to set appraisal standards for Ethics, Practice & Methodology, and report writing. USPAP is the regulation document that sets forth these standards, and is updated every two years. It is the guideline by which appraisers are judged in most federal, state and legal venues, and the IRS has included it in their “Qualified Appraisal” requirements.
The San Diego chapter will be one of the first in the country to receive this updated and valuable information. USPAP has undergone changes for 2010 and there are new rules and requirements that appraisers need to know beginning in January. John will provide us insight into the critical changes that appraisers need to know in the areas of the USPAP Standards, Advisory Opinions and other areas.
One of the most significant changes to USPAP involves disclosure by the appraiser of any service he /she provided regarding the subject property in the last three years: did you sell it, appraise it, own it, or restore it? Now you must disclose that information in your report.
John S. Brenan has been the Director of Research and Technical Issues for The Appraisal Foundation since October 2003. In this capacity, John serves as the Foundation’s senior staff contact regarding the work of the Appraisal Standards Board (ASB) and Appraiser Qualifications Board (AQB), as well as the Foundation’s four councils: The Appraisal Foundation Advisory Council (TAFAC), the Industry Advisory Council (IAC), the Education Council of Appraisal Foundation Sponsors (ECAFS), and the International Valuation Council (IVC). John is also responsible for managing the Foundation’s Boards and Advisory Council support staff.
See the ASA San Diego Chapter website at www.sandiegoappraisers.org for menu and complete details. Please RSVP by Friday, January 15th, with menu selection to Kathi Jablonsky at firstname.lastname@example.org or 619-670-4455.
WHEN: Wednesday, Jan. 20, 2010
WHERE: Holiday Inn (new location)
3805 Murphy Canyon Road
San Diego, CA 92123