Where to Learn Appraising: ISA, AAA, and Trusted Online Courses
Honest review of appraisal training paths for seniors, from the ISA and AAA professional tracks to short online courses.
At a Glance
Decide hobby, side income, or second career first
~38sQuick Tip
Quick Tip: Call two working appraisers in the area and ask how their week looks and what training they wish they had taken. Most are generous with advice for retirees entering the field.
Take the introductory USPAP course early
~25sPick one organization and commit
~26sBuild a study group with two or three peers
~21sPlan the first 10 paid appraisals before exam day
~36sWarning
Important: Never sign an IRS donation appraisal for a piece valued over 5,000 dollars without a full qualified appraiser credential. The IRS may disallow the deduction and penalize both the appraiser and the donor.
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Becoming a personal property appraiser is a real second career, and many of the best appraisers in the country came to the field after age 60. The work fits retirement well. It is largely independent, the pay for a written appraisal runs 150 to 400 dollars an hour, and the schedule can stay as light as a few jobs a month or grow into a full practice. The challenge is the training. Appraising is regulated by the Uniform Standards of Professional Appraisal Practice, known as USPAP, and a credible appraisal report needs both the technical skill and the documented credentials to stand up in court, at the IRS, and with insurance companies.
Three organizations dominate the field for personal property appraisers in the United States. The International Society of Appraisers at isa-appraisers.org offers a Core Course in Appraisal Studies followed by a specialty designation in areas such as Antiques and Residential Contents, Fine Art, and Gems and Jewelry. The American Society of Appraisers at appraisers.org runs a similar program with an emphasis on accredited credentials that lend extra weight with the IRS. The Appraisers Association of America at appraisersassociation.org focuses on fine and decorative arts. All three require completion of a 15-hour USPAP course, several specialty courses, an experience requirement, and a written exam. The total cost and time for a full credential lands around 6,000 to 10,000 dollars and 18 to 36 months of part-time study.
Short online courses are useful for hobbyists who do not want a full credential. The Asheford Institute of Antiques at asheford.com runs a popular home-study program. The Antiques Roadshow Appraisal certificate program is a marketing name only and not a real credential. Universities such as New York University and Sothebys Institute offer noncredit short courses in specific categories. These add knowledge but do not produce a usable credential for paid appraisals.
Many seniors take a middle path. They earn one specialty credential through ISA or AAA, work part time on jurisdiction-light projects such as donation appraisals for thrift store contributors and downsizing seniors, and refer larger and high-stakes work to a fully credentialed colleague. This middle path produces real income, builds community, and avoids the heaviest exam loads. Source links include isa-appraisers.org, appraisers.org, appraisersassociation.org, and the Appraisal Foundation at appraisalfoundation.org which sets USPAP standards.
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