The American Society of Appraisers recently held its annual Advanced Business Valuation Conference on October 7-10, 2018 in Anaheim, California at the Hilton-Anaheim.

This conference presented the most comprehensive Business Valuation educational programming available, taught by the world’s top Business Valuation professionals. This three-day event offered attendees more than 30 highly focused educational sessions in areas of business valuation, fair value and a variety of specialized topics.

The 2018 Advanced BV Conference was held in conjunction with ASA’s 2018 International Appraisers Conference, allowing a unique opportunity for attendees to expand their global professional network and interact with attendees and exhibitors. The conference kicked off Sunday night at the Welcome Reception giving attendees the opportunity to mingle and network with one another.

Monday was the first full day of the conference with introductions and welcoming remarks from Lee Hackett, ASA’s Interim Chief Executive Officer. Next, Robert B. Morrison, ASA’s International President, spoke and then introduced the joint conferences planning committee members, including the following ASA Advanced Business Valuation Conference members: Ray Rath, ASA (Chair), Mike Eggers, ASA, Bill Johnston, ASA, Ron Seigneur, ASA, Adam Smith, ASA, and Richard Wise, FASA.

Immediately after was the keynote presentation by Valerie Oberle, President, The Oberle Group, who talked about the key factors for business success. Following the keynote presentation, attendees adjourned to the appropriate specialized educational session they chose.

Breakout sessions followed the keynote and included topics such as Growth Rate Estimation by Ashok B. Abbott, Ph.D. and Roger J. Grabowski, FASA; Is That a Business or Real Estate? by Paul Hyde, ASA, MAI; The Search for Reasonable Compensation: Follow the Yellow Brick Road by Kevin Yeanoplos, ASA, CPA/ABV/CFF; ESOP Valuations – Fair Market Value or Fair Market Value? by Kenneth J. Pia, Jr., ASA, CPA, ABV, MCBA and Jeffrey S. Tarbell, ASA, CFA; and Estimating Volatility by Ellen Kilpatrick, MBA, MFE.

The annual membership meeting and International Awards Presentation followed these educational sessions. At the start of the Awards Presentation, 2018-19 International President Bob Morrison introduced the following distinguished guests from various allied appraisal organizations from around the globe: The Appraisal Institute of Canada: Peter McLean, President, Keith Lancastle, CEO; The Canadian National Association of Real Estate Appraisers: James Carty, President, Robert MacDonald, CEO; The Appraisal Institute: Stephen Wagner, President-Elect; The Appraisal Foundation: David Bunton, President; International Institute of Business Valuers: Ray Moran, Chair of iiBV Marketing Committee; The Canadian Institute of Chartered Business Valuers: Mary Jane Andrews, President & CEO; The Royal Institution of Chartered Surveyors: Peter Smith, Chair of RICS Americas Board, Neil Shah, Regional Managing Director, RICS Americas, Steve Choi, International Director of Business Valuation; The Forensic Expert Witness Association: Kerri Merrifield, Chapter Director; The Saudi Authority for Accredited Valuers (TAQEEM): Sultan Jorais Mohammed Aljorais, Secretary General, Muath Ahmed Alkhalaf, Professional Development Expert, Anfal Omar Alomar, Digital Solutions Manager, Alhanouf Talal Alabood Alotaibi, Localization & Translation Specialist, Abdulaziz Abdullah Abdulaziz Al Hajeri, Customer Services Assistant; The Japanese Society of Independent Appraisers: Kazuo Wakayama: and representatives from: E & Y Japan; Sanyu Systems Appraisers; Daiwa Real Property Appraisal; Gordon Brothers Japan; EnviPro Holding; Tanizawa Sogo Appraisal and other independent appraisal firms.

Next, Bob Morrison introduced the 2018-19 ASA Board of Governors: International Vice President: Doug Krieser; International Secretary/Treasurer: Lorrie Beaumont; International Past President: Sharon Desfor; Region 1 Governor: Gary Snowden; Region 2 Governor: Adrian Gonzalez Jr.; Region 3 Governor: Mark Sandler; Region 4 Governor: Rob Metcalf Jr.; Region 5 Governor: Garrett Schwartz; Business Valuation Governors: Bruce Johnson and Chris Rosenthal; Gems & Jewelry Governors: Martin Fuller and Mary Reich; Machinery & Technical Specialties Governors: David Crick and John Mathe; Personal Property Governors: Charles Rosoff and Tom Simatos; Real Property Governors: Ray Krasinski and Mike Orman; Parliamentarian: Richard Hause; and CEO (Interim): Lee Hackett.

During the Awards Presentation, 2018-19 International President Bob Morrison recognized the following ASA members, volunteers, chapters and staff for their achievements.

ASA members Susan Golashovsky, FASA and Sandra J. Tropper, FASA were inducted into the College of Fellows. The Rising Stars Award was given to: Nicolas Ballian, Nicholas J. Janiga, ASA, Fawntel L. Romero, ASA, Timothy Roy, ASA, Megan Salehli, ASA and Shane Weber, ASA, IFA. The Lifetime Achievement Award was presented to Barry Alperin, ASA and Noël Burndahl, ASA. ASA’s Examiner of the Year Award was given to Karen Milan, ASA. The Sylvia Wade Olson Award was awarded to Jennifer Aguilar. The Jerry F. Larkins Award recipient was Noël Burndahl, ASA.

ASA’s Chapter Member of the Year Award was given to Sumeet Sahnan. The Chapter Education Event Award was designated for the Houston Chapter and the Outreach Program Award and the Chapter of the Year Award to the Chicago Chapter. The Appraiser of the Year Award was awarded to David Doering, ASA/IFA. The Real Property Educator of the Year Award and The Paul A. Wetzel Award were given to Mike Orman, ASA/IFAS.

Following the awards presentation, Morrison recognized the past presidents at the event: NAIFA past president Robert Luciani and ASA past president Sharon Desfor.

Up next were the following afternoon breakout sessions: Same Facts, Different Answers by William A. Johnston, ASA-IA, PJ Patel ASA, CFA; Adam Smith, ASA and Mark L. Zyla, ASA, CPA/ABV, CFA; Cannabis Industry Valuation: Possibly the Ultimate Challenge for Appraisers by Ronald L. Seigneur, ASA, CPA/ABV, CFF, CGMA.; Understanding Tranched Preferred: What is the Value of the Right or Obligation to Buy More Shares? How Does That Impact My Common Stock Value? by Amanda A. Miller, Ph.D.; and Cost of Capital Update – Impact of Tax Cuts and Jobs Act by Roger J. Grabowski, FASA.

Monday evening was the President’s Networking Reception & Educational Foundation Silent Auction. The silent auction was a huge success. The auction and President’s Networking Reception concluded the first full day of the conference.

Tuesday began early with a second keynote presentation by Rod P. Bukert, CPA/ABV, CVA on Is Your Practice Working for you? Breakout sessions followed with presentations Michael Crain, CPA/ABV, CFA, CFE on The Essentials of International Cost of Capital; and Thomas Hilton, MS, CPA/ABV/CFF, CVA, CGMA on The Art of Persuasion: Aristotle’s Rhetoric and the 21st Century Testifying Expert; and Fair Value Auditor Panel: CEIV and Other Topic Updates with Anthony Aaron, FASA, CFA, FRICS, Anthony Alfonso, Austin Lee, Leigh S. Miller, Adam Smith, ASA and Michael Tully.

Next were discussions focusing on: A Comparative Study of Mandatory Valuation Procedures in China and the States by Siu Yu Nova Chan, HKICPA, FCCA, FRICS, CPV; Active Passive Appreciation-Current Update with Ashok B. Abbott, Ph.D., Bill Dameworth, CPA, ABV, CFF, CVA, MAFF, Jay E. Fishman, FASA, FRICS and Z. Christopher Mercer, FASA, CFA, ABAR; PE/VC Valuation Guide with David L. Larsen, CPA/ABV/CEIV and Amanda A. Miller, Ph.D.; iBank Valuation Process: Let’s Make a Deal by Garett Poston; Economic Abuse and Dissipation of Assets in Divorce with Nancy Zalusky Berg, J.D. and Ronald L. Seigneur, ASA, CPA/ABV, CFF, CGMA; Tales from the Trenches: Challenges and Benefits of Implementing the MPF by Justin Pogge, CPA/ABV, CEIV; The Use of Management’s Prospective Financial Information by a Valuation Specialist by Mark L. Zyla, ASA, CPA/ABV, CFA; Five Easy (?) Pieces: Allocating Personal and Professional Goodwill with Mark Dietrich, CPA/ABV and Kevin Yeanoplos, ASA, CPA/ABV/CFF; Tax Reform in Business Valuation by William Frazier, ASA; The Anatomy of a Deal: Understanding Common Terms in M&A Transactions by Shannon Sibold; and AICPA Business Combination Guide by Gary Roland, CFA, CPA/ABV/CEIV.

Tuesday evening included a Women’s Networking Reception and ASA Rising Stars Happy Hour for ASA’s age 40 and under. These receptions gave attendees the opportunity to meet and network with prominent women across all of ASA’s appraisal disciplines as well as rising professionals in the appraisal industry.

Wednesday was the last day of conference and included 8 educational sessions taught by experts in the field. Topics of discussions included The Duff & Phelps Cost of Capital Navigator – The New Online Resource for Estimating the Cost of Capital by James Harrington; Accounting Update: New Revenue and Lease Accounting Standards by Adam Smith, ASA; Trends in Life Sciences by Poonum Bhagchandani, CPA, CBV; Intellectual Property Case Updates by Michael Haghighat, ASA; Franchise Restaurant Valuations by Scott Roehr, ASA, CPA/ABV/CFF, CFA; Hot Topics in the Valuation of Contingent Consideration by Gary Raichart and Lynne Weber; EBITDA Single Period Income Capitalization for Business Valuation by Z. Christopher Mercer, FASA, CFA, ABAR; and Machine Learning: Overview and Valuation Use Case by Chandu Chilakapati.

Those unable to attend the conference in person were able to sign up and view key sessions from the conference via live streaming online.

ASA hosted a series of educational courses in Anaheim prior or concurrently with IAC2018. The given courses were: BV201-OOO – Introduction to Business Valuation, Market Approach; BV203-OOO – Introduction to Business Valuation, Asset Approach, Discounts & Premiums; BV301-OOO – Valuation of Intangible Assets; AR201-OOO – Appraisal Review and Management Overview; and ME201-OOO – Introduction to Machinery and Equipment Valuation.

The American Society of Appraisers would like to thank: Platinum Sponsors: HeliValue$, Inc.; Morrison Valuation & Forensic Services, LLC; Taqeem – Saudi Authority for Accreditation Valuers; Silver Sponsors: Business Valuation Resources; Sweeny & Bartlett Marketing Partners, Inc.; Kersten’s Antiques; Media Partners: BV Review; The MTS Journal; Exhibitors: Borrowman Baker, LLC; RCReports; TagniFi; Duff&Phelps; Veristrat; and ASA PAC.

ASA would also like to thank the conference planning committee for all of their hard work and support: Advanced BV Conference Chair Raymond D. Rath, ASA, CEIV; Michael J. Eggers ASA; William A. Johnston, ASA; Ronald L. Seigneur, ASA; Adam M. Smith, ASA; Richard M. Wise, FASA, MNP, LLP.

Save the Date! Make plans to attend the 2019 Advanced Business Valuation Conference in New York, NY on August 25-28, 2019.

By Sharon Reed

TOKYO, JAPAN — Twenty students with real property and finance backgrounds attended the American Society of Appraisers (ASA) ME203 course taught by Douglas R. Krieser, ASA in Tokyo, Japan from September 27-30, 2018.

Professor Kazuo Wakayama assisted as translator. This group of students had just completed and passed ASA’s ME202 course taught by Douglas R. Krieser, ASA the previous month.

The three-day course provided insight and discussion of a balance sheet applying the weighted average cost of capital exercises, trending, and cost to capacity analysis. The course also included exercises using the concept of age/life and deduction, curable cost to repair, and developing a weighted effective age.

The students will continue in November 2018 with the final Principle of Valuation course to be taught in November by Richard Berkemeier, ASA.

By Sharon Reed

DUBAI, UAE – Jack Beckwith, ASA, President and Managing Director, EAG, Inc., represented the American Society of Appraisers (ASA) at the 2018 International Valuation Standards Council (IVSC) AGM conference in Dubai, UAE on Oct. 22-24, 2018. Lee Hackett, FASA, represented ASA as its interim CEO and as chair of the IVSC’s nominating committees. Richard Berkemeier, ASA, Pegasus Aircraft Appraisal Group, attended the conference representing ASA’s Machinery and Technical Specialties (MTS) Committee.

Hosted by the Dubai Land Department, the 2018 AGM took place at the Hilton Dubai Al Habtoor City. Each year the IVSC Annual General Meeting (AGM) changes to different locations worldwide.

IVSC’s AGM conference provides an opportunity for networking among international valuation, business and standards leaders from around the world, and to contribute to the evolution of the global valuation profession, according to the IVSC.

The 2018 AGM program included:

• Public and private meetings of the IVSC’s standards boards
• Meetings of the IVSC Advisory Forum, representing members of the IVSC
• CEOs meeting
• Thematic presentations and panel discussions on major valuation topics
• VIP dinner
• Networking reception
• 2018 AGM
• Recapping the conference, Jack Beckwith, ASA, said: Important topics regarding the future of the valuation profession was addressed at the Dubai venue attended by Valuation Professional Organizations (VPOs), Stakeholders, and Regulators from five continents. Specific panels issues discussed the need for consistency in global standards and report content that can be accomplished via education networks and strategic partnerships.Beckwith reviewed the accomplishments of the Working Group’s (WG) objectives at the conference as follows: Adoption of IVS Standards by 2020 is moving forward with new VPO Members in Europe, Asia, Central and South America. The WG has created a growing list of one-on-one communications with VPOs providing survey questionnaires, data, videos, and PDF brochures aimed at showing how valuation matters in our profession translated into different languages.Topic 2-AVMs: Ben Elder, Chair, IVS Tangible Assets Board, gave an update on the impact of AVMs in Real Property that is migrating into all disciplinesTopic 4-BV Quality Mark: Eleanor Joy, Chair of the Membership and Standards Recognition Board (MSRB), reviewed the consultation paper and certain themes that emerged included having accreditation in BV, continuing with BV education programs, and adopting IVS.
• IESC has 126 full members comprising as not-for-profit organizations focused in the land, property, construction, or related professions. IESC’s stated overall objective is showcase best practices within their IES codes, standards and documentation. Topics included Review of the IESC Standards, Ethics Education, Engagement with the Trustees.
• Prior to the conference an International Ethics Standards Coalition (IESC) Trustees’ meeting was held in Dubai on Oct. 20, 2018. Attendees included Trustees Barry Shea (TAF), Alexia Nalewaik (AACE), Francesca Berriman (CIAT), Johnson Neil Eben (IIQS), Mathew Verughesi (IIQS), Leo Albano (IPREA), Adrian Briones (IPREA), Richard Berkemeier, ASA, Secretary General of the International Ethics Standards Coalition, (JaSIA) Victor Alonge (NIESV), and Peter Bolton King, Royal Institute of Chartered Surveyors (RICS) and Chair of IESC.
• Topic 5-Reducing Gap Between BV Practices: Karin Lusnic, Gilles de Courcel, and Jack Beckwith, ASA, presented a panel discussion based from interviews with eleven Business Valuation firms in the US, France, Russia, Slovenia, Croatia, and Romania regarding accreditation, communication with clients, and distinguishing standards applied for client reporting. Several Global VPOs asked to participate in a follow up study along the parameters of Report Content and DCF utilized. Beckwith says sharing this information with VPOs on all sides of the Globe will strengthen our credibility with the Stakeholders and Regulators.
• Topic 3: Business Valuation of Intangible Assets; Andreas Ohl, Chair, Business Valuation Board and others on the panel provided a general discussion on subject matters affecting the appraisal industry, including biological assets and cryptocurrencies.
• Topic 1-Consistency in Standards: Nick Tolbert, IVSC CEO and David Bunton, President of The Appraisal Foundation (TAF) gave an update of the International Valuation Standards (IVS0 – Uniformed Standards of Professional Appraisal Practice (USPAP) Roundtable with the Appraisal Institute of Canada, TAF, and International Valuation Standards (IVS) to confirm the challenges currently with semantics.
• “Commencing with Sir David Tweedie, Chair—IVSC Board of Trustees, and Including CEO Nick Talbot and the Chairs of all Technical Boards, the outlook and attitude for the future of globalizing the valuation professional was positive, upbeat and encouraging,” commented ASA’s Interim Chair Lee Hackett.

By Sharon Reed

Jeffrey S. Tarbell, ASA

BUCHAREST, Romania — Jeffrey S. Tarbell, ASA represented the American Society of Appraisers at an International Valuation Conference, entitled: “Business Valuation in a Globalised World” in Bucharest, Romania on September 7, 2018. Hosted by the International Valuation Standards Council (IVSC) and the National Association of Authorised Romanian Valuers (ANEVAR), 21 countries were represented at the conference. Anton Lezhja, ASA also participated in the conference.

The IVSC/ANEVAR Conference was “part of the cooperation between the two organizations to develop the valuation profession, enhance professionalism and promote international business valuation standard,” according to ANEVAR.

Representatives of the international valuation professional organizations: IVSC, American Society of Appraisers (ASA), International Association of Certified Valuation Specialists (IACVS), International Institute of Business Valuers (iiBV), as well as Business Valuation Resources (BVR) presented the latest news in the field of business valuation at the conference.

Established in 1992, ANEVAR is a professional not-for-profit organization with public utility which represents all authorized valuers in Romania. Presently ANEVAR includes more than 4100 individuals and 520 companies in Romania. ANEVAR has adopted International Valuation Standards (IVS) since January 1, 2004, according to ANEVAR.

As the sole association representing Romania, ANEVAR is a member of the The European Group of Valuers’ Associations (TEGOVA), which represents qualified valuers in 37 European countries.

Historically Romania was liberated from the communist region after the Iron Curtain fell in 1989. Reforms were made in Romania during the 2000s, including of the democratic system and economy. Romania joined the European Union in 2007.

Jeffrey S. Tarbell, ASA, Chair of ASA’s Business Valuation (BV) Discipline Committee, is Director in the Financial Advisory Services (FAS) practice of Houlihan Lokey in San Francisco, CA.

“There are many differences between the regions and cultures of the 21 countries represented at the conference in terms of how to conduct business valuations,” Tarbell said. “But there is common goal of moving towards harmonized international valuation standards.”

Tarbell has also recently lectured in Belgrade, Serbia and Prague, Czech Republic. “The Central and Eastern European regions are advancing at a rapid pace. This will be a much different place in terms of valuations in five to ten years,” he said.

“In terms of valuation Romania is unique as a hub for knowledge sharing and advanced thinking on what we do and take for granted in the U.S. as appraisers,” Tarbell commented. “ANEVAR is very well respected in Romania. ANEVAR’s The Valuation Journal and Value-whenever it is magazines are comprehensive and well respected. Appraisers in Romania have a lot of resources to support them professionally.”

At the conference Tarbell presented on: “Adjusting Market Pricing Multiples for Incremental Risks.” Included in his presentation was a method for risk-adjusting the calculate risk for market pricing multiples of companies operating in different countries because of divergent financial, economic and political risks.

Tarbell also participated in a panel discussion focused on “How to Support Your Valuation Conclusions.” ASA member Anton Lezhja, ASA, a Director in the Financial Advisory Services of Deloitte Central Europe in Tirana, Albania, discussed “Valuers of All Asset Categories Unite.”

To view the complete conference agenda, click here.

We are pleased to announce the results of ASA’s Rising Stars Award Winners. This award honors the brightest young valuation professionals who have demonstrated success throughout the fiscal year. These six stars were selected by the Rising Stars Committee from over 30 entries nominated by fellow valuation professionals. These individuals will receive free registration to ASA’s Joint 2018 Advanced Business Valuation and International Appraisers Conference and will be recognized at the Membership Meeting and Awards Luncheon. We would like to thank those who have participated in nominating a Rising Star.

Special Thanks to or Sponsors:

By Sharon Reed

ASA International Vice President Douglas R. Krieser ASA attended a historic signing ceremony in Tokyo, Japan on September 4, 2018, acknowledging the recently agreed to Memorandum of Understanding (MOU) between the American Society of Appraisers (ASA), the Japan Association of Real Estate Appraisers (JAREA) and the Japanese Society of Independent Appraisers (JASIA).

L-R, back row: Junji Yokota, COO, JASIA; Hitoshi Kawafuji, vice chairman, JASIA; Nobuo Kobayashi, board member, JASIA; Kazuo Wakayama, chief executive and representative director, JASIA; Ichiro Kumazawa, vice president (general affairs), JAREA; Masayuki Yamashita, vice president (foreign affairs), JAREA. L-R, front row: Douglas R. Krieser ASA international vice president; Takaji Kumakura, president, JAREA

Executives in attendance at the event included Takaji Kumarkuru, president, JAREA; Masayuki Yamashita, vice president, JAREA; Ichiro Kumazawa, vice president, JAREA, Kazuo Wakayama, chief executive and representative director, JASIA; Junji Yokota, chief operating officer, JASIA; Hitoshi Kawafuji, Vice chairman, JASIA and Nobuo Kobayashi, board member, JASIA.

Based in Illinois, Krieser is the founder and managing director of Valcon Partners, Ltd. He has performed and supervised valuations and consulting projects on an international basis for over 30 years.  As a past officer and active member of ASA’s Machinery and Technical Specialties Committee, Krieser has been involved with the initiative since the initial agreement between the ASA and the Japanese Society of Independent Appraisers was drafted five years ago in Ft. Lauderdale, FL.

“We look forward to continuing and expanding both our shared knowledge as well as identifying new outlets for expansion and benefits for the members of the Japan Association of Real Estate Appraisers, the Japanese Society of Independent Appraisers and the ASA,” said Krieser at the ceremony.

During the 9 day trip to Japan, Krieser taught an ASA Principles of Valuation course to a group of experienced appraisers and other professionals who are interested in entering the Machinery and Technical Specialties valuation field.

While there Krieser also met with the leadership of several of Japan’s largest appraisal firms, including: The Japanese Institute of Certified Public Accountants, Japan Real Estate; Daiwa Real Estate Appraisal Co. LTD; and The Tanizawa Sogo Appraisal Co. Ltd. In addition, he met with local leadership in the major accounting firm valuation groups, including at E&Y, Deloitte, KPMG, and Duff and Phelps, in order to discuss the expansion of ASA Machinery and Technical Specialties and Business Valuation education in Japan.

“The Japanese market for both MTS and BV related valuation is expanding rapidly and the ASA, along with our partner organization JASIA, is positioning itself to provide relevant education to the local appraisers in order to better serve this need,” Krieser said.

To view more photos, click here.

For more information, visit ASA Online.

(Left to right) Jesus Rios, Co-Chairs Carol Akers Klug & Oliver Warnke, and Immediate Past Chair Laurie-Leigh White.

The American Society of Appraisers Houston Chapter’s 2018 Energy Valuation Conference on May 3, 2018 presented a comprehensive overview of valuation issues in the energy industry, including three M&E speakers, six BV speakers, and a geo-political economist as lunch speaker.

Topics covered all aspects of o/g valuation, including Permian Basin asset development activity, mineral & royalty valuation issues, a Big 4 discussion panel on financial reporting in valuations, state of the LNG market, upstream valuations in US onshore unconventional shale, midstream valuations, and oilfield services & equipment – M&A and valuation trends.

The event drew 130 attendees, of whom 15% worked in the energy industry, 25% worked in investments, 40% worked at large accounting firms, and 20% worked at valuation consulting firms. About one third of the valuation professionals practice in the M&E discipline, and two thirds in BV. About 10 attendees flew in from NJ, PA, MN, OK, IL, and Colorado, and 22 Texans came from beyond 120 miles of Harris County.

The Federal Reserve Bank of Dallas building in Houston provided an elegant setting, complete with Fort Knox security, and local artists’ paintings. Food included a continental breakfast, break-time snacks, Tex-Mex lunch, pastries, and a Texas-style after-conference cocktail party complete with Chivas Regal and hot appetizers.

It was a real team effort for Houston’s Chapter: The EVC Planning Committee members secured eight sponsors who provided start-up capital for benefits; we published a brochure featuring sponsors; sent e-invites to industry companies, investment associations, industry associations, chapter members, region three members, prior attendees, and friends; EVC worked closely with our FRB caterer & liquor vendor & printer; our chapter officers were fully engaged updating the website, reporting PayPal attendees, and inviting members.

(Left to right): Garrett Schwartz, Jack Young, Katherine Thatcher, Jim Goodrich (MAI), Lara Scarberry, Anand Trivedi and John Mathe

ASA’s Appraisal Review and Management Discipline (ARM) recently partnered with the Forensic Expert Witness Association (FEWA) to support their National Conference which occurred April 27-28, 2018 in San Francisco.

The Conference was one of the most anticipated events of the year, and geared toward forensic consultants in all fields of discipline. This year, FEWA offered a 2-day course to expand professionals’ skills as an expert witness. Presenters reviewed report writing, presentation skills, mediation, deposition training and more.

Members in attendance, included Region 5 Governor, Garrett Schwartz, ASA, ARM Discipline Committee Member-At-Large and Course Instructor, Jack Young, ASA, as well as John Mathe, ASA; Lara Scarberry (Candidate); Katherine Thatcher (Candidate) and Anand Trivedi, ASA.

Sponsored by ASA’s Personal Property Committee and University Partner, Purchase College (SUNY), the anticipated 2018 Summer Appraisal Camp will be held on June 2-17, 2018 in Purchase, NY.

Embarking on their journey towards becoming a personal property appraiser, students will be introduced to the Principles of Valuation theory which will aid and support the appraisal of personal property such as fine and decorative arts, antiques, furniture, jewelry, automobiles, books and more. Through lectures, group discussion, and hands-on assignments participants will understand the history, economic principles, case law, and importance of the valuation profession.

Students can take the courses individually or earn a certificate in appraisal studies by completing all certificate requirements. All required courses are taught by Accredited Senior Appraisers of the American Society of Appraisers.

Courses:

• PG201 – Introduction to Personal Property Valuation – June 2-5, 2018
• PP202 – Development of A Personal Property Appraisal: Research An Analysis – June 6-9, 2018
• PP203 – Communication Of A Personal Property Appraisal: Report Writing – June 10-13, 2018
• PG204 – Personal Property Valuation: The Legal and Regulatory Environment – June 14-17, 2018

Upon completion of the appraisal studies certificate, attendees will have taken the first step toward (a) becoming an appraiser or working as an appraisal expert in a gallery, auction house or insurance company and (b) qualifying for eventual accreditation and membership in the American Society of Appraisers.

To register or for more information visit www.appraisaers.org/CAMP or call (800) 272-8258.

Personal Property appraisal education grants are available. To learn more or to apply visit www.appraisers.org/grants or call (800) 272-8258.

Jan Marek, ASA, and Dorothy Jacks

Representatives from the American Society of Appraisers (ASA) and the International Association of Assessing Officers (IAAO) met in Prague, Czech Republic to discuss future joint international valuation opportunities.

ASA’s Europe Chapter President, Jan Marek, ASA, and IAAO’s President, Dorothy Jacks and CEO, Ron Worth met during the 12th International Research Symposium hosted by IAAO. The event proved to be the perfect backdrop for such conversations with its theme and focus on the exchange of knowledge and emerging trends world-wide. Potential areas of synergy between the organizations discussed included joint participation in future events like the ASA European Valuation Conference.

The meeting between the two organizations was arranged by ASA’s Region 2 Governor, Mike Pratt, ASA, who also works under Ms. Jacks, who serves as the Palm Beach County Property Appraiser.

“Both ASA and IAAO share similar visions and goals for strategic initiatives”, commented Pratt. “The opportunity to meet and discuss ways to work together was an important first step towards future joint opportunities.”