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ASA ARM Discipline Publishes Article in Business Valuation Review Journal

Mar 05, 2019

The American Society of Appraisers (ASA) Appraisal Review and Management (ARM) Discipline published an Appraisal Review article in the Business Valuation Review Journal, Winter 2018 edition, Volume 37, Number 4 entitled: “Appraisal Review: What It Is, What It’s Not—and Why It Matters” by Jack Young, ASA, the Chair of the ASA ARM Discipline Committee.

“It was a great pleasure to work with many others to develop this article to bring more clarity of what appraisal review is and isn’t and why it’s important,” Jack stated. "Appraisal Review is critical for maintaining the public trust and improving appraisal report quality for all appraisers.”

According to the article preface: “The purpose of this article is to clarify what appraisal review is and is not, according to USPAP Standards 3 and 4, and the ways in which appraisal review education can be of benefit to appraisers and ultimately benefit the users of appraisals.”

More and more, Appraisal Review is a vital part of the appraisal profession and ASA continues to lead in this area. Offered in an advanced, breaking-edge format that’s proving popular with ASA appraisers, the AR 201 and AR 204 classes are now offered in to already accredited appraisers who are interested in reviewing appraisals in their own disciplines.

The “M” in ARM stands for management, a topic also included in ARM classes. Appraisal review skills are critical for appraisal managers, who participate in managing multidiscipline appraisal practices. Such professionals may have responsibilities for

  • Developing engagement scope of work and work plan
  • Estimating fees for potential engagements
  • Coordinating appraisers from various disciplines 
  • Coordinating review of all types of appraisals

Professionals who function in this capacity have a broad understanding of the appraisal process and standards that are practiced by one or more appraisal disciplines. Some familiarity with the proper application of valuation concepts and methodologies for many different types of appraisal disciplines is an important aspect of their work.

To read the ASA ARM Program FAQs, click here. For information on the necessary steps to becoming an Accredited ARM Appraiser, click here.

Upcoming ASA ARM classes include:

To find out more about the ASA ARM Discipline, please visit: www.appraisers.org/Disciplines/Appraisal-Review-Management. To contact an ASA Accreditation Specialist, click here