1) Q. What does the Guild feel
are the most essential elements to a successful appraisal
career?
A. The Guild knows that experience, training, education, ethics,
proper standards of methodology are certainly the most important
building blocks for a successful appraisal career.
2) Q. What standards must appraisers comply with in order
to produce a credible appraisal?
A. In the United States, the Appraisal Foundation, which was
founded by an act of Congress, publishes each year USPAP,
which is the Uniform Standards of Professional Appraisal Practice.
Other places in the world use the International Valuation
Standards. The Guild teaches both standards, depending upon
the needs of the Appraiser.
3) Q. Why should I want to become a Guild accredited appraiser?
A. 1.) Recognition by the Guild as evidenced by being given
a Guild professional designation is very desirable. The client
often requires accreditation as it differentiates one appraiser
from another. On large, accredited appraisers are just better
appraisers. Guild accreditation means that the member has
the training and education to be an expert in his/her field
of expertise.
2.) Guild members who are in good standing may use the Guild
name in their advertising. This is very helpful in attracting
new clients and it gives people a sense of confidence to know
that their appraiser is trained, experienced and educated.
4) Q. What Guild course work must I have to become accredited?
A. Successfully complete the courses entitled Theory of Valuation,
(Valuation 301), Appraisal Methodology (Valuation 302), The
Guild's Code of Ethical Behavior, (Ethics 101) within one
year of being accepted into the Guild as a member. Without
special arrangements having been agreed to by Guild management,
failure to successfully complete these two courses within
the allotted time automatically cancels a person's membership
in the Guild. Successfully complete the Guild's courses on
Appraisal Report Writing (Valuation 303) and USPAP, (Ethics
102) within twenty-four (24) months of membership. Without
special arrangements having been agreed to by Guild management,
failure to successfully complete these two courses within
the allotted time automatically terminates a person's membership
in the Guild.
5) Q. What are the courses like?
A. The courses are comprehensive in nature and cover a great
deal of material. The Guild has designed each course to be
studied, by the average person, for about thirty (30) hours
before testing. Each test takes about two (2) hours and contains
50 to 100 true and false and/or multiple-choice questions.
6) Q. Where do I take the courses and where do I get tested?
A. The Guild has designed its course work for home-study and
for hometown testing. With the member's help, the Guild uses
a local proctor to monitor the test.
7) Q. Who qualifies to be a hometown proctor?
A. Any practicing lawyer, doctor, or teaching professional
who will sign a guarantee and affidavit that the test was
administered fairly and that reasonable precautions were taken
to assure that the member took the test according to Guild
guidelines is acceptable to the Guild. (These proctors are
paid by the member a fee that usually does not exceed $35.00)
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