FAQs
International Valuation of Fixed Assets Professional Development Program (4/17/12)

Participants who complete courses in the International Valuation of Fixed Assets Professional Development Program may represent that they have completed the program’s curriculum and passed the examinations.

Participants may not represent themselves as having a specialization, certification, competency, or expertise based solely on the successful completion of the program. The program provider does not assume any duty to the public for the services provided by program participants, or any other person or entity.

Q. Which courses are in the International Valuation of Fixed Assets Professional Development Program?

A. The three new courses below will make up the International Valuation of Fixed Assets Professional Development Program.

Q. When will the courses in the International Valuation of Fixed Assets Professional Development Program be ready?

A. The courses will be ready as follows:

• Valuation in Challenging Markets:  September 2011.
• International Valuation Standards Involving Real Estate: Online version. 3rd quarter 2012. The course will be based on the 2011 International Valuation Standards (IVS) published by the International Valuation Standards Council (IVSC).
• International Financial Reporting Standards: Tentative- 3rd quarter 2012.
  

Q. Is Valuation in Challenging Markets only for general (commercial) appraisers?

A. The course was developed for general appraisers; however, residential appraisers who have an understanding of derivation of capitalization and discount rates, discounted cash flow analysis, highest and best use analysis, and project development costs will benefit as well. See prerequisites below.

Q. Are there prerequisites for the Valuation in Challenging Markets course?

 A. The following prerequisites apply for the Valuation in Challenging Markets course (prerequisites for the other two courses in the professional development program will be established before their release):

A. Yes. If you pass the two-hour International Equivalency Exam, you do not have to take the prerequisites. The exam may be taken at a Pearson Vue Computer lab. Pearson Vue labs are located throughout the USA and around the world. Refer to this link for locations near you. http://www.appraisalinstitute.org/membership/members_downloads/Challenge.pdf

Q. If I don’t pass the International Equivalency Exam, may I retake it?

A. Yes. You may re-exam two times within one year. If you do not pass the exam within one year, you will need to take the International Equivalency five-day course and pass the two-hour International Equivalency Exam which follows the course. The course is offered online. For more information, see http://www.appraisalinstitute.org/education/more_info.aspx?id=20348. To register for the course, http://www.appraisalinstitute.org/education/add2cart.aspx?id=14477.

Q. If I choose to take the International Equivalency Exam, when should I plan on taking it?

A. Please allow 21 days before the start date of the course to provide enough time to register for the exam at the computer lab, complete the exam, and then wait for results.

Q. Are any of the courses in the International Valuation of Fixed Assets Professional Development Program online?

A. The courses below will be offered online by the Appraisal Institute. Please see schedule for release of these courses above:

• International Valuation Standards Involving Real Estate
• International Financial Reporting Standards

Q. Must I be an Appraisal Institute Designated Member to attend the courses in the International Valuation of Fixed Assets Professional Development Program?

A. Anyone may take the courses in the International Valuation of Fixed Assets Professional Development Program. Only Appraisal Institute Designated Members, however, will be placed on the International Valuation of Fixed Assets Registry. Everyone will receive a certificate of completion for each course that he or she has successfully completed (must pass the exam).

 Q. What is the International Valuation of Fixed Assets Professional Development Registry?

A. The International Valuation of Fixed Assets Professional Development Registry is located on the Appraisal Institute’s Web site. It lists the names of Designated Members who have successfully completed (attended and passed the exam) the courses in the program. Placement on the Registry shows potential clients and employers that these members have obtained knowledge on this specialized topic. 

Q. In addition to real estate appraisers, who else would find value in taking one or more of the courses in this program?

A. Financial analysts, accountants, international finance CEOs.

Q. If I am a Designated Member and I want my name placed on the Registry, may I challenge the exams without attending the courses?

A. No. You must attend the courses and pass the exams.

Q. If I become a Designated Member after I have taken and passed the courses in the International Valuation of Fixed Assets program, will I be placed on the Registry?

A. Yes. Contact InternationalRegistry@appraisalinstitute.org. Include your name and state in the subject line of your e-mail. Staff will review your files and process the appropriate paperwork.

Q. Is this program approved for qualifying education (QE) credit?

No. Because the content in this program is advanced, it is only approved for continuing education (CE) credit. The courses in the program have been approved for state CE and AI CE.  For approvals in your state, check http://www.appraisalinstitute.org/education/state_aprv.aspx.