I. New York University/SPS Appraisal Studies Certificate Program
The Appraisers Association of America has been affiliated with New York University's School of Professional Studies (SPS) offering a Certificate in Appraisal Studies in Fine and Decorative Arts for nearly 30 years. The Appraisal Studies Program at NYU is one of the most important training grounds for appraisers and is considered an important step in becoming a member of the Appraisers Association of America, especially for those professionals transitioning from a related career. Some of our Board members have completed the Certificate program and began their careers as appraisers after securing their certificate. All required courses and many electives are available in traditional format and online. Each summer, NYU SPS offers a Summer Intensive offering in which all requirements can be completed in the span of four weeks - typically the month of July.
The Certificate in Appraisal Studies in Fine and Decorative Arts is awarded to those who successfully complete six required courses and 40 session electives. Elective courses are listed as a five session elective or as a ten session elective.
Some of the numerous specialized electives include:
Your electives can be taken at any time. Course offerings do vary by semester. The core courses can be completed in two or three semesters depending on your own schedule. NYU allows each student four years to complete the program. The courses are taught by working professionals, often times who are members of the Appraisers Association. Upon successful completion of SPS's Certificate in Appraisal Studies, the Appraisers Association of America will credit students with up to two years of work experience towards the five-year work experience requirement for membership in the Appraisers Association of America. All those who complete the Appraisal Studies Certificate are eligible and encouraged to become Associates of the Appraisers Association for a period of three years before applying for full membership in the Appraisers Association.
Once you have decided to apply to become a Member of the Appraisers Association, we encourage you first to contact us by telephone (212.889.5404, x13) to discuss the process and confirm the next steps; then, you will need to complete the Membership Application, which revolves around the following items:
Estate Tax Liability: provide an appraisal report with five (5) significant, representative, and different objects specific to your area of specialization, all of which you have personally examined, with images for each; additionally, you must provide comparables for each work of art, and images of the comparables.
Insurance: provide an appraisal report with five (5) significant, representative, and different objects specific to your area of specialization, all of which you have personally examined, with images for each; additionally, you do not need to provde comparables.
Non-cash Charitable Donation: provide an appraisal report with two (2) significant, representative, and different objects specific to your area of specialization, both of which you have personally examined, with images for each; additionally, you must provide comparables for each work of art, and images of the comparables.
Appraisal reports must adhere to our Elements of a Correctly Prepared Appraisal, and must follow our Appraisal Templates, which will be provided to you as part of the application package. The templates ensure that you have included a Certification Page, Scope of Work, Disclaimer, Assumptions and Limiting Conditions, Preferred Format for Object ID, and other critical components of an appraisal report, as well as appropriate pagination.
The importance of excellent formatting cannot be overemphasized; your reports are the centerpiece of your application; your mentor will work with you to ensure that your reports are ready for presentation; all reports receive a preliminary review by admissions committee members before being submitted to the Admissions Committee. The review process by the Admissions Committee is focused on the items you select for your reports, the comparables you select, and your analysis—essentially, they are looking to see how you build your case, how cogently you present your information, and your depth of knowledge of the material, the marketplace for your material, and resources for your material.
You may be provided with a mentor who is a seasoned appraiser and specialist in your field who will work with you to complete your application; Candidates will need to request a mentor.
The names of all applicants for membership are published on a “Pending Applicants” list and distributed to the full membership, twice via email, during the admissions process, thereby providing an opportunity for members to comment.
You must be current with USPAP; i.e. if you last took USPAP in 2012, with the 2012-2013 USPAP publication, and you are applying in November 2014, for example, you will need to take the course with the 2014-2015 USPAP book as part of the application process. All members are required to be current with USPAP, and to write USPAP-compliant appraisals.
The Admissions Committee is composed of members of our Board of Directors, all specialists in varying fields; and meets in January, April, June and October of each year.
Dues are $650 per fiscal year; members are admitted four times a year; and membership dues are pro-rated to our fiscal year, July 1 through June 30.
You may apply in additional areas once you are admitted as a Member; in addition, you may also apply to become a Certified Member in any area in which you are admitted as a Member. We encourage all of our Members to become Certified!
The entire process can take as little as six months; please note that once you initiate the application process, you must submit all materials within a period of two years.
Please call for a membership application today! 212.889.5404, x13