American Society of Appraisers (ASA)
The American Society of Appraisers (ASA) is a globally recognized professional organization that caters to appraisers from multiple disciplines, including real estate, machinery and equipment, personal property, and business valuation. The ASA provides education, designations, and resources to enhance the credibility and standards of appraisal practices. It publishes the biannual journal “Valuation” offering insights and developments in the field of appraisal.
Contact Information:
- Address: American Society of Appraisers, 11107 Sunset Hills Road, Suite 310, Reston, VA 20190
- Phone: 703-478-2228 or 800-ASA-VALU (800-272-8258)
- Fax: 703-742-8471
- Website: www.appraisers.org
Key Highlights:
- Designations: ASA offers professional designations including FASA (Fellow of the American Society of Appraisers) and ASA (Accredited Senior Appraiser).
- Publications: Produces the biannual journal “Valuation” which covers various appraisal topics and trends.
Examples
Example 1: Real Estate Appraisal Certification
An appraiser specializing in residential real estate can seek certification from the ASA to enhance their credibility and expertise. Upon successful completion of the required education and examinations, they earn the ASA designation, which denotes a high standard of professional qualification.
Example 2: Machinery and Equipment Valuation
A professional involved in the valuation of industrial machinery may become an ASA member to receive specialized training and recognition. The individual’s expertise is validated through membership, thereby boosting trust among clients.
Frequently Asked Questions
What is the ASA designation?
The ASA designation signifies that an appraiser has met rigorous education and experience requirements, demonstrating a high level of competence in their respective appraisal discipline.
What is the difference between ASA and FASA?
ASA stands for Accredited Senior Appraiser, a standard professional title. FASA, or Fellow of the American Society of Appraisers, is a distinguished designation awarded to those with outstanding contributions to the appraisal profession.
How can I join the ASA?
To join the ASA, individuals must meet specific educational and professional standards, apply for membership, and pass the required examinations. Detailed information and application forms are available on the ASA’s official website.
What resources does the ASA offer to its members?
The ASA offers extensive resources including professional development courses, conferences, networking opportunities, and access to publications like the journal “Valuation.”
Are ASA designations recognized globally?
Yes, ASA designations are highly respected and recognized internationally, reflecting the holder’s competence and adherence to high standards within the appraisal profession.
Related Terms
- Accredited Senior Appraiser (ASA): A designation granted by the American Society of Appraisers to individuals who meet stringent qualifications in various appraisal disciplines.
- Fellow of the American Society of Appraisers (FASA): An honorary title granted to ASA members who have made significant contributions to the appraisal profession.
- Valuation: The process of determining the value of an asset or business, commonly performed by professional appraisers.
- Appraiser: A professional qualified to assess the value of various assets, including real estate, personal property, machinery, and business enterprises.
Online Resources
- American Society of Appraisers Official Website
- Journal of Property Investment and Finance
- Appraisal Institute
- International Valuation Standards Council (IVSC)
References
- Appraisal Institute. “The Appraisal of Real Estate,” 15th Edition.
- American Society of Appraisers. “Valuation Journal.”
- International Valuation Standards Council (IVSC).
Suggested Books for Further Studies
- Lempert, Bruce. “Market Value Appraisals and the American Society of Appraisers”
- Harley, Rusty. “Understanding the ASA Designations”
- Appraisal Institute. “The Appraisal of Real Estate,” 15th Edition.
