AISociety - Appraisers International Society - AIS ―――――――――――――――――――――――――――――― Since 1982, AIStandards™ & AiCertification™ developer Elly Rosen has been the primary developer & instructor of professional principles, applied ethics, procedures, methodology and reporting for multi-specialty, attached and movable Personal Property Appraisal & Valuation. Leader of the very first education, testing, certification and referral programs, now Elly and the Global AiCertification Team offer the 4th-Decade Global AIStandard v5
  AISociety - Appraisers International Society - AIS    ――――――――――――――――――――――――――――――      Since 1982, AIStandards™ & AiCertification™ developer Elly Rosen has been the primary developer & instructor        of professional principles, applied ethics, procedures, methodology and reporting for multi-specialty, attached          and movable Personal Property Appraisal & Valuation.  Leader of the very first education, testing, certification             and referral programs, now Elly and the Global AiCertification Team offer the 4th-Decade Global AIStandard v5
Elly Rosen's Oct-1994 JCK Manage Study Center Feature Article:  "Why You Need Appraisal Education: Profits vs. Pitfalls in Professional Appraising" Scroll down to open the 12-page feature in an electronic reader

Please scroll down to read the full article

[or, QUICK JUMP to Read Profits vs Pitfalls now]

 

Why You Need Appraisal Education:


Profits vs. Pitfalls in Professional Appraising

by Elly Rosen

Edited by George Holmes and Debbie Holmes

 

JCK Magazine, Managment Study Center Feature of Oct-1994, pp 111-125, 201

 

Reprinted in the JCK Handbook of Jewelry Store Management

2nd Edition, 1996, pp 69-78, 122

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Elly Rosen's Oct-1994 JCK Manage Study Center Feature Article:  "Why You Need Appraisal Education: Profits vs. Pitfalls in Professional Appraising" Scroll down to open the 12-page    feature in an electronic reader

 Why You Need Appraisal Education:


Profits vs. Pitfalls in Professional Appraising

by Elly Rosen


Edited by George Holmes and Debbie Holmes

 

 

JCK Magazine, Managment Study Center Feature of Oct-1994, pp 111-125, 201

 

Reprinted in the JCK Handbook of Jewelry Store Management

2nd Edition, 1996, pp 69-78, 122


Read George Holmes Oct-1984 JCK Editorial:  "Appraisal Sanity"

 

 Scroll down to view or download the full 12-page feature in our electronic reader

Contextualized and illustrated for Gems & Jewelry Valuation & Appraising

but fully applicable to ALL global, personal property appraisal assignments.

 

This groundbreaking feature article provides a comprehensive

introduction and overview to professional personal property appraising,

from the most basic Intended & Assigned Uses of Consumer assignments

to the most advanced needs of the professional client community,

in all global free market economies and common law jurisdictions.

 Article Information & Details

JCK Magazine, October 1994, pp 111-125

JCK Management Study Center 14-page Pull-out feature article and quiz

"Why You Need an Appraisal Education:  Profits vs. Pitfalls in Professional Appraising"

by Elly Rosen,  Edited by George Holmes and Debbie Holmes
     ©1994 EllyRosen with All Rights Reserved

A primer on professional Personal Property valuation and appraising

[Personal Property includes depreciables and appreciables including Gems & Jewelry; Fine & Decorative Arts, Antiques & Collectibles, Residential Contents, Machinery & Equipment, etc - This feature illustrates valuation and appraisal professionalism with gems and jewelry examples but ALL of the principles, procedures, methodology, ethics and reporting techniques discussed are DIRECTLY and FULLY applicable to all personal property and relevant to ALL global free market economies.]

Regularly updated in segments of the AiCertification™Program, a 2014 version updated to AIStandard v3.7 is being prepared for availability in the AiCloud to AiCertification 2011-14 program participants.

----------------

Sidebars to the primary narrative:

  • "`What I Paid is Irrelevant'" p 120
  • "Stop the `Unethical' Jeweler in Our Area" p 121
  • "Value Defined" p 122
    • - "value," "Market Value," "Fair Market Value," "Insurance `Value'"
  • "I Just Want to Know What It's Worth'" p 123
  • "The Big `E' in E-Valuation" p 124


Other Sidebars include a

"Timeline of Some Important Appraisal Related Court Decisions on Selected Topics" (1941-87)

in tables spanning pp 116-119.

Trial Court subject matter includes:

  • Cost as a measure of [IRS] Fair Market Value (FMV);
  • Appraisers role on an insurance damage claims panel;
  • Appraiser's opinion vs facts in the marketplace;
  • Basing IRS FMV on sales to the "ultimate consumer";
  • Charging percentage fees as a hazard to expert's credibility;
  • Seller as the appraiser while valuing at more than the price charged;
  • Appraiser questioning authenticity when on an insurance damage claims panel;
  • Appraiser liability for negligence to a third party;
  • Basing IRS FMV on sales to a dealer;
  • When original cost might not be best evidence of FMV;
  • Basing value on what an item is vs. what it could be transformed to;
  • When might a dealer or manufacturers be considered the "ultimate consumer"



The Oct-1994 publication included an Editorial by George Holmes, p. 201, "Appraisal Sanity"


This article was reprinted in the JCK Reference Book:  "Handbook of Jewelry Store Management," Second Edition,
Compiled by the editors of JCK, Chilton Company, Radnor, PA, 1996
as "JCK Management Study Center:  Why You Need An Appraisal Education"
by Elly Rosen, pp. 69-78, 122

Elly's Landmark 1994 JCK "Profits vs Pitfalls" article is greatly advanced in his current AIStandard v5, comprehensively covered in the AISociety

 

Gems & Jewelry Triple-Crown

"AiSCV AVS-GJV" Program

The MOST ADVANCED AIS Certified Valuer Graduate Titles

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