Latest Publications

ASA Brings Education to Las Vegas in July

Join Us in Las Vegas!

ASA’s EDUCATION COURSES

July 22-25, 2010
Las Vegas, NV

up to 27 CPE Credits

Start or continue your appraisal training with the American Society of Appraisers. ASA is recognized throughout the world for excellence in appraisal education. Our instructors are top-notch, having met superior academic standards and having proven track records and real-world practice. ASA courses are distinguished by their applied, practical approach and relevance to the corporate world. Whether a novice practitioner or a seasoned appraiser, ASA’s training will increase your expertise and your profession.

Las Vegas, NV’s July Course Schedule:

Business Valuation Appraisal Review & Management (ARM203)
This course will develop the students’ understanding of the key concepts, approaches and methods used by business appraisers. ARM203 will help to distinguish the various forms of business property requiring independent appraisal of intangible assets within a going-concern business interest. Students will be able to recognize the elements of a well-prepared and well-documented business appraisal and also raise questions concerning casual reports submitted for review.

Click here for further information.

Introduction to Business Valuation Part 1 (BV201)
BV201 will introduce the novice practitioner to the three basic approaches to valuation. The valuation process as outlined in Revenue Ruling 59-60 will be the focus of the course, including instruction on how to do company analysis, industry and economic analysis and financial analysis. A full explanation of the Market Approach will emphasize the application of the subject company’s qualitative and quantitative analysis to the valuation process.

Click here for further information.

Valuation of Intangible Assets for Financial Reporting Purposes (BV301)
This course focuses on key principles and real world applications for the valuation of intangible assets in a financial reporting context. This three day course includes specific references to relevant accounting guidance including audit requirements for fair value matters. A few modules to be discussed in detail are the overview of the three valuation approaches, cost, market and income approach.

Click here for further information.

Machinery & Equipment Valuation Methodology (ME202)
The objective of this course is to explore, in depth, the ideas introduced in ME201 and provide students with a better understanding of the types of value commonly used in the appraisal of machinery and equipment. This course addresses the issues of price vs. value, indirect costs, use of and development of indexes, age-life concepts and much more!

Click here for further information.

Uniform Standards of Professional Appraisal Practice (SE100)
SE100 will familiarize students with the recognized standards governing professional appraisals. This is the 15-hour National USPAP course approved by the Appraisal Standards Board of the Appraisal Foundation. Students are provided a current Uniform Standards of Professional Appraisal Practice manual and book. You can view ASA’s Professional Standards here. 

Click here for further information.

Uniform Standards of Professional Appraisal Practice (SE100PP)
The objective of this course is to familiarize students of Standards 7 and 8 with recent, significant revisions to USPAP. SE100PP is designed specifically for individuals who have completed the full 15-hour USPAP course and only require updated information. This 7-hour update seminar covers revisions to USPAP that impact every practicing appraiser in the personal property arena. SE100PP will also cover some of the regularly misunderstood concepts in USPAP and will review their application through the use of other communications published by The Appraisal Standards Board. 

Click here for further information.

*Prices increase July 1, 2010!

Visit us at www.appraisers.org.

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American Society of Appraisers Announces Sponsorship of International Valuation Standards Council

The American Society of Appraisers is excited to announce its sponsorship of the International Valuation Standards Council (IVSC) as they work towards development of global standards for valuation.

Michael H. Evans, ASA President comments:

“ASA’s Board of Governors, discipline chairs, members in leadership positions and in the membership at large recognize the important work that the IVSC is doing to shape the future of the profession by providing international standards for appraisers. ASA is very proud to join with other organizations to support that work with our sponsorship.”

Currently a member of IVSC, the American Society of Appraisers joins a growing list of high-profile sponsors investing in global valuation standards.

For more information about ASA, please visit their website at www.appraisers.org

About the American Society of Appraisers:

The American Society of Appraisers is an international organization of appraisal professionals and others dedicated to the education, development and growth of the appraisal profession. ASA is the oldest and only major organization representing ALL disciplines of appraisal specialists, originating in 1936 and incorporating in 1952. ASA’s headquarters is in the metropolitan Washington, DC area. To find an accredited appraiser near you, visit appraisers.org or call (800)272-8258.

Press Contact: Rachael Seda
rseda@appraisers.org
(703) 733-2107

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Appraisal Foundation Seeks Candidates for Vacancies on National Boards

FOR IMMEDIATE RELEASE

Washington, DC–The Appraisal Foundation has begun its annual search for qualified candidates to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).  Completed applications for these vacancies must be received by Friday, August 13, 2010.

There are at least two vacancies on each board.  The Appraisal Foundation is always interested in expanding the diversity of all Boards by considering applications from business leaders with an interest in valuation or involved in various appraisal disciplines such as business valuation or personal property.

Background and Qualifications:

The AQB is responsible for setting minimum qualification criteria for state licensure and certification of real estate appraisers and has established voluntary qualification criteria for personal property appraisers.  Familiarity with appraiser qualifications is a pre-requisite of service on the AQB, and a minimum of ten years of appraisal experience is required.  The AQB meets four times per year for approximately ten days in total.  Individuals serving on the AQB are compensated for their time and are reimbursed for travel expenses.  The individuals selected for the AQB positions will serve a term of up to three-years commencing January 1, 2011.

The ASB is charged with developing, interpreting and amending the Uniform Standards of Professional Appraisal Practice (USPAP).  Familiarity with USPAP is a pre-requisite of service on the ASB, and a minimum of ten years of appraisal experience is required.   The ASB meets four times per year for approximately ten days in total.  Individuals serving on the ASB are compensated for their time and are reimbursed for travel expenses.   The individuals selected for a position on the ASB will serve a term of up to three-years commencing January 1, 2011.

Application packages for all positions outlined above are now available directly from https://appraisalfoundation.sharefile.com/d-s231e959bb8241f8b or on-line at the Foundation web site:  www.appraisalfoundation.org (located directly under the AQB or ASB sections).

If you would like to request an application package via email or if you have questions please feel free to contact Anne Raley (anne@appraisalfoundation.org).  When requesting information on the applications via e-mail, please use the phrase “2010 AQB/ASB APPLICATION INFORMATION” in the subject line, and please include your full name, email address and phone number.

Contact:  For further information on this release, please contact:

Paula Douglas Seidel
The Appraisal Foundation
The Madison Building
1155 15th Street, NW, Suite 1111
Washington, DC  20005
202.624.3048 direct
202.347.7727 fax
paula@appraisalfoundation.org

About The Appraisal Foundation 

Founded in 1987, The Appraisal Foundation is authorized by the U.S. Congress as the source of appraisal standards and appraiser qualifications for real property appraisers. Through its effective production of the Uniform Standards of Professional Appraisal Practice (USPAP), The Appraisal Foundation has been instrumental in setting a high level of professionalism in the industry. The Foundation is governed by a Board of Trustees, which oversees three independent boards, the Appraisal Practices Board (APB), the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).  The Foundation also receives valuable advice from three advisory councils: The Appraisal Foundation Advisory Council (TAFAC), Industry Advisory Council (IAC), and International Valuation Council (IVC). For more information on The Foundation, visit www.appraisalfoundation.org.

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Sponsor, Exhibit, Advertise…It’s all available for ASA’s 2010 Appraisers Conference

The American Society of Appraisers would like to invite you and/or your company to be a part of the 2010 International Appraisers Conference. Success is due in very large part to the active involvement and commitment of our supporters. ASA has developed new and improved opportunities and benefits that will provide your organization a branding and marketing advantage that will position you as a clear supporter of the American Society of Appraisers.

A variety of ways to show your support for ASA members and attendees awaits you at the 2010 Conference, including ad listings, exhibit and sponsorship opportunities and future business deals. Being involved this way, will give your organization visibility and provide a chance to showcase your products and services to an engaged and diverse audience. As you know, ASA represents nearly 5,000 valuation experts nationwide and around the world in all disciplines, including business valuation, real property, gems and jewelry, machinery and technical specialties, personal property and appraisal review and management.

We’d like to help you get your name, logo and product out in front of this influential audience in the most targeted, cost-effective way – by becoming a sponsor, exhibitor or advertiser of ASA’s 2010 International Appraisers Conference being held July 25-28, 2010 in Las Vegas, NV.

The opportunities are endless – ranging from a Conference Program ad at $85 to a Platinum Sponsorship which includes sponsoring the Attendee Bag or Gala Reception/Dinner at $7500. The 2010 Conference Industry Prospectus provides all the information you need to know about the opportunities for this year’s conference.

When you take advantage of these offers, you place your company name prominently in front of your most important customers – appraisal valuation professionals. Don’t miss your chance!

If you have any questions, please call Andrea at (703) 733-2111 or email aburkhart@appraisers.org. 

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Registration for ASA’s 2010 Appraisers Conference Now Open

Attention valuation professionals: registration is now open for ASA’s 2010 International Appraisers Conference! Come and be a part of unparalleled opportunities to network, innovate and learn. With all new, exciting education programs focused on the latest industry trends, the 2010 conference spotlights the future of the industry and how you can gain the competitive edge. This year’s conference will be held at the JW Marriott Resort Hotel in Las Vegas, NV July 25-28, 2010.

A few highlights of this year’s conference include:

• 1/2-day Multidiscipline general session with key industry speakers
• Enhanced networking opportunities
• World renowned hotel – JW Marriott Las Vegas Resort & Spa Mention ASIASIA to receive discounted rates.
• FREE shuttle to and from the Las Vegas strip
• Variety of local attractions

ASA’s 2010 Conference promises to be our most exciting conference yet, with cutting edge workshops, more networking opporunities and a special Gala Reception and Dinner. There are numerous ways to get involved with this year’s conference – you don’t want to miss out. Click here to view endless opportunities.

So, whether you are an experienced valuation professional or just getting into the appraisal business, the 2010 Appraisers Conference is the one event you won’t want to miss!

Click here to register now!

Hurry! Early registration ends June 14.

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Real Estate Appraisal Groups Release “Appraiser and Management Company Statement of Principles” and Invite Public Comment

The American Society of Appraisers (ASA), together with the Appraisal Institute (AI), the American Society of Farm Managers and Rural Appraisals (ASFMRA), and the National Association of Independent Fee Appraisers (NAIFA), has released for public comment a draft of the “Appraiser and Management Company Statement of Practice.” These 4 largest national professional real estate appraiser organizations are engaging stakeholders in the process, inviting comment and discussion regarding these proposed principles.

Mike Evans, president of the American Society of Appraisers, commented that “agreement with these principles will promote equality and a mutually beneficial relationship between professional appraisers and the AMCs using their services.” Evans continued, “Most importantly, adherence to these principals will ensure consumers are protected and safety and soundness fostered when lenders use AMCs for valuation services.”

To read a copy of the draft Statement of Principles, click here. To submit your own comments about the proposed principles, please e-mail AMCStatementofPrinciples@appraisalinstitute.org. Comments will be accepted until May 1, 2010.

The release of the Statement of Principles for public comment is the first step in a multi-step implementation process. Following the public comment period, the professional appraisal organizations will offer the Statement of Principles to AMCs, and will request that the AMCs formally adopt the Principles and agree to comply with the Principles in their interactions with appraisers, their clients, and consumers.

The organizations will also continue to work with all stakeholders, including the AMC community, to provide further clarification of each of the principles through guidance documents, responses to frequently asked questions, and other materials. The Statement of Principles is intended to evolve as the AMC industry continues to mature, and state and federal laws applicable to AMCs continue to be enacted and implemented.

In 2008, the professional appraisal organizations drafted and released model legislation for the registration and regulation of appraisal management companies. Laws based upon this model legislation have been enacted into law in ten (10) states. At least 16 other states currently have legislation under consideration that is based upon the model legislation.

“The organizations look forward to working with AMCs, state boards, local chapters and consumer groups as the business practices of AMCs are refined to comply with the Principles. The principles are intended to promote mutually beneficial business relationships between management companies and professional appraisers,” said Bill Garber, Director of Government and External Relations for the Appraisal Institute.

For more information on the Statement, please contact Scott DiBiasio, Manager of State & Industry Affairs at (202) 298-5593 or via e-mail sdibiasio@appraisalinstitute.org or Peter Barash, Government Relations Consultant, American Society of Appraisers at 202-466-2221 or peter@barashassociates.com

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The Appraisal Foundation Seeks Applicants for Boards Positions

Deadline for qualified applicants is approaching on April 1, 2010

The deadline for qualified applicants on The Appraisal Foundation Board of Trustees and the new Appraisal Practices Board is fast approaching on April 1, 2010. Candidates chosen for in-person interviews for boards positions will be interviewed in a public forum May 20-21, 2010 in California.

Vacancies on the Board of Trustees
The Board of Trustees of The Appraisal Foundation is charged with funding the work of and appointing members to the AQB and ASB, as well as providing oversight of these two Boards. The Board of Trustees meets twice a year, in the Spring and Fall. Trustees are reimbursed for travel expenses and are not compensated for their time. There are three At-Large Trustee seats available as of December 31, 2010 with one incumbent eligible for re-election. The individuals selected for positions on the Board of Trustees will serve three-year terms commencing January 1, 2011.

The Appraisal Foundation is interested in expanding the diversity of its Board by considering applications from business leaders with an interest in valuation or involved in various appraisal disciplines.

The At-Large Trustee application form and factsheet is available on the Foundation’s web site: https://appraisalfoundation.sharefile.com/d-sb1371b972044d8f8. The deadline for completed applications is April 1, 2010.

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Vacancies on the Appraisal Practices Board
The purpose of the new Appraisal Practices Board (APB) is to issue voluntary timely guidance to appraisers on emerging valuation issues that are occurring in the marketplace. This guidance will be of assistance to appraisers, appraiser regulators and educators. The new Board will enlist the help of market surveys to identify issues that need to be addressed and will empanel small groups of volunteer Subject Matter Experts (SME) to draft the guidance for review and approval by the Board. The SME panels will be selected by the APB to address specific topic issues within agreed upon timeframes. It is anticipated that the SME panels will be established in the latter part of 2010.

The Appraisal Foundation is seeking qualified candidates to serve on the APB. The APB will commence work in July 2010. Members of the APB will be compensated for their time and reimbursed for travel expenses.

Examples of qualifications that the Boards Nominating Committee will seek in candidates include the following:

  • A minimum of ten years of appraisal experience
  • A strong familiarity with the Uniform Standards of Professional Appraisal Practice (USPAP)
  • Familiarity with valuation methodology and techniques
  • Experience in writing on valuation topics and/or curriculum development
  • Experience with public speaking and/or teaching on valuation topics
  • Experience in serving on a publicly accountable board

The APB will be a multi-disciplinary board and therefore, The Appraisal Foundation is seeking candidates from various appraisal disciplines.

The APB application form and factsheet is available on the Foundation’s web site: https://appraisalfoundation.sharefile.com/d-seaa4a4152734b0eb. The deadline for completed applications is April 1, 2010.

Individuals may not apply to both Boards, but rather must apply to either the Board of Trustees or the Appraisal Practices Board.

Any questions about these vacancies or the selection process can be directed to Paula Douglas Seidel (paula@appraisalfoundation.org) or Anne Raley (anne@appraisalfoundation.org).

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ASA Offering Webinar on LEAPS

Last Chance to Join Us for this new Webinar Presenting…

LEAPS: For a Market Based DLOM
Wednesday, March 24
1:00-3:00pm EST
2 CPE Credits

Recent studies show that discounts change over time and vary significantly by industry. A highly regarded valuation adjustment, LEAPS can prove a significant discount for lack of marketability.

Valuation professionals can use LEAPS to determine the minimum discount for lack of marketability in your clients’ assignments, saving you both time and money.

In this Webinar, you will learn about LEAPS, how to use LEAPS through a case study analysis, the important factors in determining DLOM, and latest study results on LEAPS and discounts.

This is a jam-packed session sure to impress!
Registration: $129 Members, $159 Nonmembers

Don’t Miss Out – Register Today!
http://www.appraisers.org/Education/ViewClass.aspx?ClassID=2394

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ASA Member Charles Warren Quoted on The Watch List Article on Restricting CRE Lending

Thinning Loan Loss Coffers May Restrict CRE Lending
Efforts To Squirrel Away More Cash Keeping the Lid on Commercial Real Estate Lending

In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers.

One big area of concern is the fact that banks are stowing away more money to cover problem loans. The amount being set aside is rising rapidly and is now higher than it has been for a quarter of century. Meanwhile, the amount of problem loans is rising at even more than twice that rate.

The implications of the increased loan loss coverage for the commercial real estate industry is that it will likely further limit the amount of money available for borrowings. Those numbers also signify that this will continue to encourage “extend and pretend” policy that some lenders have pursued, and it may further encourage lenders to be optimistic about their recovery rates to avoid taking further losses/writedowns. And at the same time, lenders won’t hesitate in demanding more money out of borrowers’ pockets.

Trying to Cope –
“Everybody is trying to spread the manure out, hoping that there isn’t so much it just burns the plants. Folks knew in their heart of hearts that the music would stop. The party would be over, but now that it is, they’re just trying to cope day by day.”
– Charles B. Warren, MRICS ASA-Urban Real Property, Pleasant Hill, CA

Click here to read the complete article:
http://www.costar.com/news/Article.aspx?id=51EADAF47AA8473244CAD9A0EBC81F18

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ASA Brings Education to Annapolis Next Month

Join Us in Springtime Annapolis!

ASA’s EDUCATION COURSES
Advancing the Professional…and the Profession.

April 8-11, 2010
Annapolis, MD

up to 27 CPE Credits

Start or continue your appraisal training with the American Society of Appraisers. ASA continues to set the standard of excellence with our premiere courses and advanced seminars. Add value to your business skills and learn from leading industry experts. Whether a novice practitioner or a seasoned appraiser, ASA’s training will increase your expertise and your profession.

Annapolis, MD’s April Course Schedule:
Introduction to Business Valuation – Part 1 (BV201)
This course will introduce the novice practitioner to the three basic approaches to valuation. The valuation process as outlined in Revenue Ruling 59-60 will be the focus of the course, including instruction on how to do company analysis, industry and economic analysis and financial analysis. A full explanation of the Market Approach will emphasize the application of the subject company’s qualitative and quantitative analysis to the valuation process.
$1195 Nonmembers; $995 Members; $499 Designated Members

Business Valuation Case Study (BV203)
This is a capstone course which applies the theory learned in BV201 and BV202 in an actual valuation case study. The subject company is analyzed in a group format. Lecture is only used to present each section of the case study. Groups of 4 to 6 students are responsible for deriving their own opinion of value.
$1195 Nonmembers; $995 Members; $499 Designated Members

Machinery & Equipment Valuation – Advanced Topics and Case Studies (ME203)
The objective of this course is to introduce more advanced concepts and techniques than those taught in ME201 and ME202. A review of case studies illustrating a range of operating entitites will be employed. This course will explore exponential pricing techniques; cost estimation; reproduction vs. replacement costs; quantifying functional obsolescence; use of research data; time value of money calculations, and more.
Prices: $995 Nonmembers; $895 Members; $447.50 Designated Members

Appraisal Report Writing (ALL215)
The objective of this multidiscipline course is to introduce students to the mechanics of appraisal report writing and to assist experienced professionals to improve their written appraisal reports. Topics address the difficulties of writing and how to overcome them, types of writing styles used in appraisal reports, critical thinking skills, argument analysis, logical fallacies and examples of good and poor writing.
Prices: $725 Nonmembers; $600 Members; $300 Designation Members

Not an ASA Member? Learn how you can join the leading appraisal association for recognized leaders in the profession.

“Membership is the ace in your pocket when the public seeks to hire a professional appraiser. It amounts to immediate recognition that its members have been trained, tested and have earned their designation in a specific type of property.” -Corrine Cain, ASA

Visit us at www.appraisers.org

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