The American Society of Appraisers (ASA) is an independent, self-supporting international organization composed of appraisal professionals and others interested in the appraisal profession. The society is notable for being the oldest and only major appraisal organization that represents all appraisal disciplines. Founded in 1936 and officially incorporated in 1952, ASA is dedicated to fostering ethical practices and standards within the appraisal community.
Historical Background
Foundation and Development
The society originated in 1936 and was incorporated in 1952, signaling a formal commitment to uniting appraisal professionals under a single banner. ASA is one of the eight founding members of the Appraisal Foundation, an organization established to foster professionalism in the field of valuation and appraisal services.
Major Milestones
- 1936: ASA is founded.
- 1952: Officially incorporated.
- 1987: ASA becomes one of the founding members of the Appraisal Foundation.
Structure and Disciplines
International Reach
ASA is international in structure, extending its resources and membership globally. The society provides a platform for appraisal professionals from diverse disciplines to exchange knowledge and adhere to internationally recognized standards.
Disciplinary Representation
ASA represents all appraisal disciplines, including but not limited to:
- Real Property
- Personal Property
- Business Valuation
- Machinery and Technical Specialties
- Gems and Jewelry
Ethical Standards and Education
Ethical Guidelines
ASA emphasizes high ethical standards, requiring its members to adhere to a strict code of ethics. This ensures integrity, transparency, and professionalism in all appraisal services provided by ASA members.
Continuing Education
Continuing education is a cornerstone of ASA’s commitment to excellence. The society offers various educational programs, courses, and certification pathways to help appraisers maintain and enhance their skills.
Special Considerations
Membership Benefits
Members of the ASA gain access to:
- Comprehensive educational resources.
- Networking opportunities with industry peers.
- Accreditation and certification programs.
- Industry updates and publications.
Certification and Accreditation
ASA’s rigorous accreditation process ensures that members meet high standards of professional competence. Accredited members are recognized for their expertise and credibility in the field of appraisal.
FAQs
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Related Terms
Appraisal Foundation: An organization dedicated to promoting standards of professionalism in appraisal practice.
Valuation: The process of determining the present value of an asset or company.
Accreditation: Formal recognition of professional competence.
References
- American Society of Appraisers Official Website. ASA
- The Appraisal Foundation Official Website. Appraisal Foundation
- Historical Overview of ASA. (n.d.). Retrieved from ASA Archives.
Summary
The American Society of Appraisers (ASA) stands as a pioneering organization in the appraisal profession. With a history dating back to 1936, ASA continues to uphold high ethical standards, provide valuable education and certification, and represent a comprehensive array of appraisal disciplines. As a founding member of the Appraisal Foundation, ASA remains at the forefront of promoting professionalism and excellence in the field of appraisal.
