Is there National licensing for fine arts appraisers?
No, there are not National or state licensing laws that apply to personal property appraisers. Real estate appraisers are subject to testing and licensing, but the concept is just beginning to extend to personal property appraisers even though they may handle assignments of property valued at more than most land and buildings. Is there National licensing for fine arts appraisers? Yes, there are National standards. They are embodied in The Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation in Washington, D.C. USPAP, as it is known in the profession, is unfortunately presently required for certification in only one of the three major personal property appraisal associations the American Society of Appraisers (ASA). A Federal Appeals Court has set some guidelines, but the published decision has not become widely known within or without the profession. In the October, 1993 decision in Murphy v. Commissioner, the Ninth Circuit Court of Appeals stated that the s
