AQB Qualification Criteria

Today I was in DC for the TAFAC meetings as well as a sponsor's meeting with Appraisal Foundation staff to discuss the upcoming Personal Property Appraiser Qualification Criteria. Keep in mind the new criteria becomes effective on Jan 1, 2018.  If you are a member of a sponsoring organization then you should meet this criteria. If you were qualified under the previous criteria, then you are grandfathered in, and only need to follow the continuing education requirements of The continuing ed requirement is 70 hours every 5 years with 20 being in valuation theory.

Click HERE to review the new criteria.

The staff at the AF also put together a one page info graphic on the Four D's in Personal PRoperty Appraisal, death, disaster, divorce, debt.  I will scan it and post in the next day or so.

The AQB reports on the new creiteria

Personal Property Appraiser Qualification Criteria (Criteria): Established by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation (TAF), these Criteria set forth the recommended minimum education and experience requirements for personal property appraisers. The Criteria establishes minimum requirements for all personal property appraisers who are members of sponsoring organizations of TAF.  Personal property appraisers who are not members of sponsoring institutions or organizations are encouraged, but are not required, to follow the minimum education and experience recommendations established by the Criteria.

Personal property is defined as those tangible items that are not permanently affixed to real estate and can be moved. Personal property appraisal specializations may include, but are not limited to: fine arts and collectibles; machinery and equipment; high tech; aviation and marine; agribusiness; gems and jewelry; and residential and general contents.The Appraisal Foundation is not a credentialing body. Credentialing of qualified appraisers of personal property may be implemented by any impartial qualified credentialing entity including qualified educational institutions and professional personal property appraiser organizations.

Any credential issued by a sponsoring organization of TAF must be in compliance with all components of the AQB Personal Property Appraiser Qualification Criteria in effect as of the date of credentialing. These Criteria do not require appraisers who currently hold credentials obtained under previous Criteria to meet the new requirements, but such appraisers are required to meet the continuing education requirements set forth herein.

These qualifications represent recommended minimums; appraisers must also adhere to any jurisdictional or contractual requirements for education and experience relative to the assignment