Foundation plans new standards for personal property appraisers

PerProperty

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.

Read on in Auctioneer magazine about how the 2012 requirements would affect those seeking a personal property appraisal designation.

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2 Comments

Filed under Auction Industry, Auctioneer magazine, Education, Uncategorized

2 responses to “Foundation plans new standards for personal property appraisers

  1. will an existing CAGA designation also be grandfathered?

  2. Good question. My understanding through my reporting is the designation must be approved by The Appraisal Foundation. I don’t believe CAGA is one of those.

    Bryan Scribner

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