Quintessential Piano Resources
Who is a Qualified Piano Appraiser?
First and foremost. The title of "Piano Appraiser" must be earned.
Piano Appraisers Minimum Criteria
Qualified appraisers of pianos must meet the following requirements and may be by any impartial entity; for example, any organization complying with the Uniform Standards of Professional Appraisal Practice (USPAP).
I. Must Complete a Comprehensive Appraisers Examination. The examination shall cover personal property appraisal theory and the Uniform Standards of Professional Appraisal Practice (USPAP).
II. Qualifying Education. A total of one hundred and twenty (120) classroom hours are required as follows: one hundred and five (105) classroom hours of courses to include both valuation theory (minimum of 30 hours) and pianos and personal property appraisal specialization and fifteen (15) classroom ours on the Uniform Standards of Professional Appraisal Practice (USPAP).
Qualifying education must cover all topics listed below with particular emphasis on the appraisal of personal property.
USPAP Courses taken to satisfy the qualifying education requirement should not be repetitive in nature. Each course credited toward the required number of the qualifying education hours should represent a progression by which the appraisers knowledge is increased. A Bachelors or advanced degree in valuation theory from an accredited (Commission on Colleges or regional accreditation association) college or university will fulfill the requirement for the valuation theory portion of the qualifying education classroom hours. There is no substitute for qualifying education in appraisal theory or USPAP.
III. Qualifying Experience. Either 1,800 hours of personal property appraisal experience, of which at least 900 hours are in area(s) of specialization, or 4,500 hours of market related personal property non-appraisal experience in area(s) of specialization, or Any equivalent combination of personal property appraisal experience and market related personal property non-appraisal experience in area(s) of specialization. We have over 50 years experience.
Codes of Ethics
Types of appraisals
The appraisal process
Definitions of value
Approaches to value
Uses of appraisal reports
Definitions of markets
Market research & analysis
Narrative report writing
Methods of property identification
IV. Education may not be substituted for experience. An hour of experience is defined as verifiable time spent in performing tasks in accordance with acceptable appraisal experience.
V. Experience documentation in the form of reports or file memoranda, or if unavailable, other evidence at the credentialing authority discretion, must be provided to support the experience claimed. There is no time limit during which experience may be obtained.
VI. Experience obtained after January 1, 1999 shall comply with the Uniform Standards of Professional Appraisal Practice (USPAP).
VII. Experience obtained prior to January 1, 1999 shall at least comply with prevailing market appraisal standards at the time the appraisal was made.
The appraisal process should be utilized in determining various areas which are creditable for experience purposes. The appraisal process consists of an analysis of factors that bear upon value: definition of the problem; gathering and analyzing data; applying the appropriate value approaches and methodology; arriving at an opinion of value and reporting the opinion of value.
Appraised value is based on the age, condition, size, grade and rarity of the piano. Value greatly depends on condition and the make of the piano. These values are stated in U.S. Dollars based on local market values from several sources. Comparisons of pianos of this age, condition and nature offered for sale in newspapers and the internet by private parties, music stores, auction houses, and piano teachers. Most appraisers have some wholesale and retail sales experience buying, selling, trading new and used pianos. The Appraiser must have knowledge of the local market area. No two markets or conditions are the same. Piano teachers and piano tuners are not qualified piano appraisers without the certification.
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