ASAʼs Government Relations team works on behalf of ASAʼs members and for the benefit of the appraisal profession as a whole—on Capitol Hill and before numerous federal agencies—on legislation and regulations that could impact professional
Given ASAʼs multidisciplinary makeup, the Government Relations team works on a wide range of issues. A small cross-section includes:
- The modernization of real property appraisal regulation under Title XI of FIRREA, as part of Title XIV of the Dodd-Frank Act;
- The protection of appraiser due process as a part of Internal Revenue Service proceedings under IRC Section 6695A’s valuation misstatement provisions;
- Pushing back against efforts to treat appraisers as fiduciaries when performing employee stock ownership plan (ESOP) related valuations; and
- Working to strengthen and improve appraisal provisions regarding SBA going concern valuations.