Why Choose an ASA appraiser?
Selecting an ASA designated member ensures your appraisal needs will be met by the most qualified professionals in the appraisal profession.
ASA designated members are recognized authorities in their specializations. They have successfully completed the most comprehensive examinations in their field of practice, as recognized by their peers, attorneys, the IRS and other government bodies, insurance companies and museums. ASA appraisers often publish and lecture in their area of specialization.
ASA designated members must complete five (5) years full time practice for an ASA (Accredited Senior Appraiser) prior to taking their exams in Principles, Practice & area of specialization. All Designated Members must be re-certified every five years, including successful completion of the Uniform Standards of Professional Appraisal Practice (USPAP), necessary to advanced professional practice, and demonstrating 100 accumulated hours of continuing education in both appraisal technique and their discipline.
ASA designated members are recognized authorities in their specializations. They have successfully completed the most comprehensive examinations in their field of practice, as recognized by their peers, attorneys, the IRS and other government bodies, insurance companies and museums. ASA designated appraisers often publish and lecture in their area of specialization. The ASA sponsors educational courses in appraisal issues, both at official ASA programs and through ASA-University linked degree programs.
ASA requires all applicants to pass an ethics exam prior to acceptance as a Candidate Member, and ethical matters are a large part of the USPAP course. Professional ethics are strictly enforced by the American Society of Appraisers, and unethical or unprofessional practices will not be tolerated in a member.
ASA requires all members to re-certify every five years. Part of the process is to show that the member has participated and acquired approximately 45 Continuing Education Units in their area of expertise plus 45 CEUs in other areas of appraisal education, including USPAP. ASA International sponsors seminars, conferences, internet-based courses and degree programs in conjunction with major universities. ASA members are committed to continued learning and leadership in their chosen field of expertise.
What Is USPAP?
The Uniform Standards of Professional Appraisal Practice (USPAP) are the generally accepted standards for professional appraisal practice in the United States. USPAP contains standards for all types of appraisal services including real property, personal property, business valuation and mass appraisal. The purpose of USPAP is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. USPAP was originally written in 1986-1987 by an appraisal profession Ad Hoc Committee and was donated to the Foundation in 1987.
The Financial Institutions Reform Recovery and Enforcement Act (FIRREA) of 1989 cites USPAP as the standard to be enforced by state real estate appraiser regulatory agencies. USPAP compliance is also required by professional appraiser associations, client groups and by dozens of federal, state and local agencies. USPAP is growing in acceptance throughout the world.
Many professional associations in North America, South America, Europe and Asia have accepted USPAP as the standard of practice for their membership.
About the American Society of Appraisers
Founded in 1936, the American Society of Appraisers (ASA) is the oldest and only major organization exclusively dedicated to serving appraisal professionals. ASA’s membership includes appraisal specialists in all types of property – valuing businesses, machinery and equipment, real property, personal property, and gems and jewelry. To earn the ASA designation, members go through a rigorous testing, training and evaluation process.
ASA is run by a Board of Governors made up of representatives from the disciplines and regions. In addition, ASA has two other affiliated organizations – our Educational Foundation and our Political Action Committee. ASA also has the ASA College of Fellows, which is comprised of Accredited Senior Appraisers who have been recognized by their peers and the College of Fellows for their contributions to ASA and the appraisal profession. For more information, visit www.appraisers.org.