Appraiser Ethics

About ASA

ASA Designation



The American Society of Appraisers (ASA) 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 The Appraisal Foundation, 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 appraiser, you are assured the best valuation expertise on the market, because ASA appraisers bring knowledge of the market and profession, experience, and solid reputation to the job. In short, ASA appraisers are experts. The meticulous ASA accreditation process ensures that ASA-accredited appraisers are accurate, impartial, and credible. They are educated and experienced in their fields and are respected members of their communities. They can deliver independent valuations that assure your property is appraised at its fair market value.

The Machinery and Technical Specialties discipline includes ASA members who perform market or liquidation value appraisals for various purposes such as sales, acquisition, ad valorem taxes, eminent domain, collateralization, insurance or residual forecasting appraisals of general machinery and equipment or other specialties as described below.

Agricultural Chattels specializing in crops, livestock, agricultural vehicles, farm and ranch machinery and equipment, and other non-real estate assets, these professionals are concerned with both fair market value and various definitions of liquidation value for collateralization, estates, property sales and future markets. They must also be familiar with real property appraisal when dealing with crops which are real estate until harvested but then become personalty.

Computers and High-Tech Personal Property these specialists appraise all types of computers, from small personal computers to the largest mainframes, and all of the related components, including tape and disk drives and printers. They appraise complex electronic equipment including everything from large telephone switching systems to oscilloscopes, from medical and dental equipment to small hand-held instruments to X-ray machines and CAT scanners.

Cost Surveys appraisers in this specialty are involved mainly in allocating value among the various components of real property and personal property in commercial and/or industrial settings. They are experts in the cost method of valuation as required for insurance coverage, insured loss analysis, accounting and tax allocation in mergers, acquisitions and other forms of business sales.

Industrials appraiser values the property, plant and equipment of heavy industry and the process industries, including, but not limited to, oil refineries, steel mills, smelters and mineral mills, extrusion, sheet and plate manufacturers. In such operations it is extremely difficult to separate the values of the real property, machinery and equipment, and intangibles in any meaningful way, yet the appraiser must consider both total and component values.

Machinery and Equipment (M&E) appraisers in this specialty are professionally qualified to evaluate all types of industrial properties; machine shops; refineries; hospitals; communications facilities; transportation equipment; process facilities; construction equipment; office machines, such as computers, copiers and word processors; as well as the entire contents of buildings. The M&E appraiser provides estimates of fair market value, fair market value in use and valuation for ad valorem tax purposes. Additionally, equipment analysis for future and residual values is fast becoming one of the more common assignments for today's M&E appraiser.

Mines and Quarries these specialists are concerned with the value of mineral reserves other than oil, gas and other fluids, whether available through surface or underground mining or quarrying operations. Coal; industrial minerals, such as talc, bentonite, clay and limestone; and construction materials, such as sand, rock, gravel and marble, are valued by engineering/mathematical methodologies for purposes of taxation, property sale and litigation.