Appraisers who have earned the Graduate Personal Property Appraiser (GPPA) designation have completed a two-part course on appraising personal property.
The GPPA designation is Awarded by the National Auctioneers Association Education Institute, formally known as the Auction Marketing Institute . All members who hold the GPPA designation must (1) successfully complete two two-day courses (2) pass comprehensive exam on writing and documentation of personal property, (3) submit an appraisal for the class (4) submit an appraisal done for a client and (5) show proof of conducting a minimum of 5 client appraisals.
The GPPA program is focuses on appraisal of personal property and is taught in two two-day sessions in different locations around the country.
GPPA 101 focuses on the Uniform Principals of Professional Appraisal Practice (USPAP), factors affecting value, trends, and functions of appraisal, identification, and responsibility to the client, legal aspects, research methods, and records maintenance.
GPPA 201 has three tracts - antiques and estates; plant machinery and equipment; construction and farm equipment. To earn the GPPA designation, the appraiser must complete one of the tracts.
The Antiques and Estates course is held at a major auction facility and is taught by specialists at the auction firm as well as outside experts. Topics are selected from the following topics: furniture, fine art, jewelry, books, collectibles, rugs, paper, toys, and tools.
Plant Machinery and Equipment is taught at the Walt Disney World machine and woodworking shops. Appraisers are exposed to a variety of equipment and machinery. Instructors are experts in a wide range of plant machinery and equipment.
Construction and Farm Equipment is taught at construction and farm dealerships in different locations. Appraisers attending this class have the opportunity to learn about a variety of different equipment from experts in the field.
Maintaining the GPPA designation requires adherence to USPAP ’s standards of appraisal practice and code of ethics as well as earning a minimum of 24 hours of continuing education every three years.