The American Society of Appraisers is an organization of appraisal professionals and others interested in the appraisal profession. International in structure, it is self-supporting and independent. The oldest and only major appraisal organization representing all of the disciplines of appraisal specialists, the society originated in 1936 and incorporated in 1952. ASA's headquarters is in the metropolitan Washington, D.C., area.
The society is dedicated to the benefit of the appraisal profession. It is one of eight major appraisal societies that, in 1987, founded , a national nonprofit organization created to establish uniform criteria for professional appraisers. Since 1989 The Appraisal Foundation has been recognized by the U.S. Congress as the source for the development and promulgation of appraisal standards and qualifications.
When you hire an ASA-accredited appraiser, you are assured the best valuation expertise on the market, because ASA-accredited appraisers bring knowledge of the market and profession, experience, and solid reputation to the job.
Each accredited member of the American Society of Appraisers has earned a professional designation in one or more specialized areas of appraisal. To receive the accreditation, the appraiser must pass intensive written examinations, submit representative appraisal reports for peer review and be screened for his or her ethical behavior.
Every accredited appraiser must start his or her ASA membership as a Candidate member. In order to be accepted for Candidate membership, the prospective Candidate must be interviewed and approved by his or her local chapter. Subsequently, each Candidate must pass ASA's Ethics Examination and an examination on the Uniform Standards of Professional Appraisal Practice (USPAP) within a specified period of time. (The Uniform Standards are published each year by The Appraisal Foundation, authorized by Congress as the source of appraisal standards and appraiser qualifications.)
The Candidate's technical appraisal proficiency and understanding of the fundamentals of appraisal ethics, principles and concepts are evaluated by intensive written and oral examinations. Copies of the Candidate's appraisal reports are reviewed and must meet professional criteria. When the Candidate has met all these requirements and has gained the necessary experience, he or she may apply for advancement to Accredited Member or Accredited Senior Appraiser status.
To qualify for the Accredited Member designation (AM), an individual must have at least two years of full-time equivalent appraisal experience and a college degree or its equivalent.
To qualify for the Accredited Senior Appraiser designation (ASA), an individual must have a minimum of 5 years of full-time equivalent appraisal experience and a college degree or its equivalent.
To achieve the Fellow designation (FASA), an Accredited Senior Appraiser must be recognized by ASA's International Board of Governors for outstanding services to the appraisal profession and/or the society. ASA has a mandatory reaccreditation process whereby designated members must regularly submit evidence of professional growth through participation in professional activities and continuing education. This ensures that ASA appraisers keep their knowledge up-to-date.
The American Society of Appraisers is headquartered at 555 Herndon Parkway, Suite 125 Herndon, VA 20170 (703)478-2228 · Fax: (703)742-8471.
Business appraisers value businesses and business interests of all sizes, from small proprietorships, such as medical practices, to large multinational corporations. They also value specific intangible business assets such as patents, trademarks, employment agreements, copyrights, securities and goodwill. These professional appraisers prepare merger and acquisition studies, employee stock ownership plan feasibility analyses and other similar financial studies. They may be involved in appraisals performed for estate and gift tax returns, buy-sell agreements, securities litigation, equitable distribution in matrimonial matters and many other purposes.
The Business Valuation Committee directs the administrative functions of the business valuation discipline within the American Society of Appraisers. The Committee develops and implements policies, procedures, and professional standards, in conjunction with ASA's Board of Governors, for the members within the business valuation discipline. Its eighteen members board are elected by the BV members within the ASA and serve staggered three year terms. Greg Gilbert, ASA, CBA of Portland, Oregon serves as the current Chairman.
Develops practive standards for business appraisers and is responsible for defining standardize terms and definitions for use in conducting and communicating business appraisals.
Develops and implements the educational courses and national conferences for the business valuation industry Standards Committee
Budget & Finance Committee
Prepares the annual budget for BV Committee and handles the accounting functions for the BV Committee's activities.
Develops promotional programs to promote the BV Committees activities and the BV members of the ASA.