How to Become a Designated Appraisal Reviewer

Appraisal review encompasses the research and analysis of an appraisal report, methodology and value opinion. An appraisal reviewer is a professional who develops and communicates an opinion about the quality of another appraiser’s work. Appraisal reviews are done for many reasons, including a desire for second opinions as a prudent business practice; a tool to measure credibility; to reinforce a client’s confidence; risk management; litigation/dispute resolution; a resource for clients with little knowledge or internal capabilities; and others.

What is a Designated Appraisal Reviewer?

In many countries the Government does not license appraisal reviewers. Therefore, when consumers are choosing an appraisal reviewer, it is crucial for them to pay close attention to the qualifications of that individual and make certain that the appraiser’s education and standards of practice are sufficient to produce appraisals that are independent, consistent, and objective, as well as an appraisal report that is reliable and credible. Consumers should also consider hiring an appraisal reviewer who is affiliated with an established valuation professional organization like ASA.

What are the Steps to Becoming a Designated Appraisal Reviewer?

When an appraiser joins ASA, they come in as an Applicant. When Applicants have passed the online ethics examination and a 15-hour USPAP course and exam, they become Candidates. Applicants and Candidates qualify for member discounts on courses, publications and conferences, and many other benefits. Tuition grants are available to eligible participants.

Once Candidates have fulfilled the appraisal review education and testing requirements, they may apply for a designation. Accreditation from the ASA Appraisal Review & Management Discipline includes the AM (Accredited Member) designation and the ASA (Accredited Senior Appraiser) designation. Strict adherence to the ASA Code of Ethics is observed and enforced by members at all times.

To Qualify for Accredited Member (AM) or Accredited Senior Appraiser (ASA) Status

Accredited Members are required to have two (2) years of full-time appraisal experience and Accredited Senior Appraisers are required to have five (5) years of full-time appraisal experience in appraisal review.

Ready to take the next steps to becoming a designated appraisal reviewer?

1. View the Appraiser Review and Management Guide to Professional Designations.
2. View ASA’s membership and accreditation overview for more details on becoming a designated appraisal reviewer.
3. Contact ASA at (800) 272-8258 or asainfo@appraisers.org.

ASA is the oldest and only major appraisal organization designating members in all appraisal specialties and offers its members unparalleled education, renowned appraisal events, diverse networking channels, and increased referral opportunities. Enhance your career and gain credibility by becoming a designated appraisal reviewer with ASA.

Start your path today, visit us online at www.appraisers.org/join.