2022 7hr USPAP Update Course
Appraisers, if your license renews in 2022, you will need to take the ‘new’ USPAP 7hr Update course. See below.
The Update class you have already taken for the 2020-21 book, which has been extended to Dec. 31, 2022, cannot be used for CE credit again.
However, I’m somewhat confused as to the effective dates of this ‘new’ Update class. It says “2022-23” which implies it will be valid through the end of (or into?) 2023.
But the ‘current’ USPAP is presently undergoing Exposure Drafts for the proposed changes, which will be effective as of Jan. 1, 2023. Normally, the Update class covering the changes is released in October, preceding the January 1 date.
Seems to me that the Appraiser Qualifications Board needs to clarify exactly the effective dates of this ‘new’ Update class for 2022-23, being released in another month from now.
This info is from The Appraisal Foundation:
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I am a real property appraiser. Since the effective date of USPAP has been extended, how does this impact the AQB’s continuing education requirements to take a 7-hour USPAP course?
The Real Property Appraiser Qualification Criteria has required, since 2003, each appraiser to “successfully complete the 7-Hour National USPAP Update Course, or its AQB-approved equivalent, every two calendar years.” The requirement to take the 7-hour course is not tied to the effective date or length of the effective dates of the current edition of USPAP. Extending the effective date of USPAP is an ASB decision, and it has no bearing on the AQB requirement for the 7-hour course.
I took a 7-hour USPAP course last year, thus, I am due to take the course again next year. Will the 2022 course be the same one that was offered in 2020-2021?
No. A new 2022-2023 7-Hour National USPAP Update Course (and its AQB-approved equivalents) is currently being written and will be released on October 1, 2021 (and will be available to students shortly thereafter). The 2022-2023 course does not contain the same course materials as the 2020-2021 course.
Will I need to buy another copy of USPAP for the 7-hour continuing education course if I already bought a copy of the 2020-21 USPAP?
No, you can continue using the version of USPAP for this cycle.