GPPA standards to change
There could be no better time than now for Auctioneers to earn their Graduate Personal Property Appraiser (GPPA) designations.
In just over one year, a new “Personal Property Appraiser Minimum Qualification Criteria” from The Appraisal Foundation’s Appraiser Qualifications Board is set to take effect. The standards could require Auctioneers without their GPPA designations to attain college degrees.
Auctioneers who earn their GPPA designations in about the next year, though, will be grandfathered in, says Jane Campbell-Chambliss, CAI, AARE, CES, MPPA, of Appraisers and Auctioneers, LLC, Annapolis, Md.
The Appraisal Qualifications Board, comprised of five to seven practicing appraisers, establishes minimum education and experience requirements for appraisers. For those professionals who appraise personal property, the board plans to raise minimum standards Jan. 1, 2012.
The Qualifications Board adopted its original standards in July 1998, and those were updated Jan. 1 of this year. The 2012 standards boost education requirements for personal property appraisers.
This means the National Auctioneers Association’s Education Institute will have to change its GPPA designation courses in order to comply with The Appraisal Foundation’s rules.