How do appraisers stay current on market values and standards?

Values change, sometimes quickly, so good appraisers keep learning. They follow auction results, attend sales and shows, and track what similar items are actually selling for, not just what they are listed for. Many maintain relationships with auctioneers, dealers and specialists who can share insight into specific categories.

Professional appraisal organizations typically require continuing education to keep a designation, and many appraisers periodically update their training in the professional standards that apply to appraisal practice. Seminars, conferences, webinars and specialty courses help them stay current on research methods, report writing and changing rules for appraisals used in estate, insurance and donation matters.

When hiring an appraiser, it is reasonable to ask how they keep their knowledge current and when they last completed continuing education. An appraiser who keeps learning is usually better prepared to give a well-supported opinion of value.