Latest Publications

Join ASA’s Houston Chapter for its 2021 Energy Valuation Conference

Join the Houston Chapter of American Society of Appraisers for its 11th Annual Award Winning 2021 ENERGY VALUATION CONFERENCE on Wednesday May 12, 2021 in a convenient VIRTUAL live webcast provided by Business Valuation Resources (BVR).

The HOUSTON 2021 ENERGY VALUATION CONFERENCE brings together pre-eminent energy valuation professionals and industry thought leaders presenting timely educational topics, including comments on the industry’s Post-COVID Energy Outlook. Featured speakers represent all sectors of the energy industry offering a variety of perspectives in business valuation, machinery & technical specialties, new accounting developments, appraisal review & management, real property, and more.

What makes energy valuation so important to appraisers?

This very dynamic and cyclical industry affects all cities around the world. Even if your client isn’t an energy company, energy can still play a vital role in its performance, cost structure and profitability.

What will attendees take away from 2021 EVC?

A better understanding of the current economic and geopolitical conditions of the industry, and learn perspectives on challenges in energy valuations in this economic slump and COVID environment, including which sectors will return and when. EVC is a very holistic and well-rounded conference that attendees enjoy and learn from – not just appraisers. Our goal is to expand our outreach to include those in related professional groups and industry associates.

About the Energy Valuation Conference?

More than 200 professionals & executives from across the United States and countries as far and wide and diverse as Brazil, Kazakhstan, and Canada joined to gain a better understanding of the current economic and geopolitical conditions of the industry. Attendees were able to engage with the leaders to and discuss solutions to complex challenges faced by investors and clients during these volatile and challenging economic times. The broad-ranging conference enabled opportunities to interact with key players from various segments of the value chain: downstream, midstream, upstream, upstream, and emerging trends in the growing renewables sector. EVC is a very holistic and well-rounded conference that attendees enjoy and learn from – not just appraisers.
Houston’s 10th Annual Award Winning EVC was widely attended by accountants (27% CPAs); ASAs Accredited in Business Valuation (36%), Machinery & Technical Specialties (17%) and ARM, PP, RP, GJ (7%); CFAs (7%), and petroleum industry professionals (7%).

Why Attend?

Do you have clients in the Energy Industry?

  • “I will say that it was just as top-notch as it gets. The content was superb and the smooth tech operations really made it one of the best virtual events I’ve attended yet. Your speakers and sessions were, truly, spectacular.”

Learn About the Outlook of the Energy Industry & Timeline of Recovery by Sector.

  • “I thoroughly enjoyed the virtual conference – found it to be very informative and right on point given our current social and economic environment. The speakers were excellent and I look forward to attending next year’s conference – virtual or in-person.”

Speakers are Excellent & Well-Rounded Mix.

  • “It was the best virtual format event I have participated in over the last two months (and honestly, pretty wide gap relative to second best).”
  • Featured speakers were remarkable leaders from all sectors of the energy industry demonstrating a variety of perspectives in all disciplines: Business Valuation, Machinery & Technical Specialties, Appraisal Review & Management, Real Property, among other.”

Sponsor Benefits:

  • EXCEPTIONAL OUTREACH:  Your Logo included in emails to 6,000 professionals.
  • Your LOGO and RECOGNITION included in (i) in Sponsor Power Point Slide Show that scrolls between speakers, (ii) on EVC Website, and (iii) in EVC Brochure.
  • FREE REGISTRATIONS to online conference – click below to see more.
  • LIVE LINK LOGO to your website on our EVC web page.

See the latest article about this conference in the BV Wire.

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A Message from the CEO

ASA’s CEO letter to members and friends

Well, we made it! This has been a year for the ages, to say the least. However, the world going virtual did not stop ASA from providing education and member benefits to our members, or solidifying our association prominence worldwide. We closed out this unforgettable year by continuing our presence throughout various events and initiatives that will take ASA into the future with anticipation, inspiration, and innovation.

2020 was a transformative year all around. The year shed a light on discrimination and unconscious bias in the workplace and at home. As we move forward, I believe that it is important that we also continue our presence in ways that show where we stand in that effort.

To that effect, I was a co-moderator with AI CEO, Jim Amorin on two sessions of the Appraisal Foundation’s Promoting Trust for Fair and Affordable Housing program that took place December 8th.
The first session’s discussion, Exploring Recent Valuation Research, included the latest research on fair and affordable housing, racial discrimination, and bias in real estate and mortgage finance, as we reflected on considerations for real estate valuation.

During the second session, Recognizing the Past and Valuing the Future, we examined the history of structural bias regarding mortgage financing and its lingering impacts to the present day.

I’m happy to announce that our aircraft valuation initiatives have gained momentum. Earlier this month myself, and our Secretary/Treasurer Richard Berkemeier, ASA gave a live virtual presentation on an Overview of ASA Aircraft Programs to attendees in China.

The presentation included:

  • An overview of ASA
  • Details of the ASA Machinery and Technical Specialties discipline and the aircraft specialty program
  • An overview of the global appraisal industry
  • A review of industry standards (i.e. USPAP, IVS and other local standards) 
  • A comparison of ASA with other professional valuation organizations
  • A discussion on what sets ASA appraisals apart from other appraisals
  • ASA’s future plans in China

We had over 70 attendees registered for the program. Thinking globally within our industry is another key part in taking ASA into the future with prosperity. I want to thank everyone who attended, and Rick Berkemeier for presenting alongside me.

On December 3rd I participated in a virtual town hall exclusively for ASA’s gems & jewelry members. At the event I spoke about the current state of the Society and attendees were able to then engage in Q&A with Gems & Jewelry Discipline Committee leaders and Board of Governor members about exciting new upcoming programs, products and services.

I provided a message of support on behalf of ASA along with other VPO leaders in collaboration with TAQEEM to G20 Summit attendees in Riyadh, Saudi Arabia.

“The American Society of Appraisers stands in support of the G20’s crucial role in empowering inclusive global economic growth. Together our shared goals will help shape and ensure continued opportunities for consumers around the world and the valuation professionals who service them.” —American Society of Appraisers.

On November 18, I participated in the EIC Advance event as both a leadership session track panelist and moderator.

I was the session moderator for the Reskilling, Upskilling and Future Proofing Our Industry discussion panel at the EIC Advance event. With the recovery process of the global pandemic on the horizon, it is important to ‘future proof’ the industry with new and innovative event models.

If 2020 taught us anything, it is that preparing for and adapting to the future is key in any industry, so I am proud to have been able to represent ASA in such a forward thinking topic at a prestigious event such as the EIC Advance.

In other news, I am pleased to announce that I was inducted into the digitalNow’s Class of 2020 Leaders of Distinction. digitalNow brings together CEOs and volunteer leaders from some of the most influential professional, non-profit, and trade associations in America for a three-day summit that addresses the critical issues facing association leaders in the digital age, and content to help you lead digital transformation efforts at an association and advance your relevance in a COVID-19 worldI am honored to be inducted into such a front line community. We cannot deny that we are moving towards a new digital world, and this induction is not only an honor for myself, but for all of ASA as we remain current in our society’s new world environment.

I want to thank our members for making it through this unforgettable and, at times, trying year with us. As we enter 2021, I look forward with great anticipation of our joint success.

To read other important news visit my Message from the CEO column on ASA’s Blog, or follow me on Twitter @johnniewhiteCEO and LinkedIn: http://www.linkedin.com/in/johnnniewhiteceo for more ASA updates.

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5 Investment Tips for 2021: Moves to Maximize Your Membership ROI

Opportunistic members should act on these key activities to shore up their returns in the new year.

A new year brings new opportunities and now is the perfect time to plan how to make the most of your ASA membership for 2021. Here are the top 5 moves you need to make now:

1: Promote Yourself

As an expert, one of only a handful with your unique skill set and experience, it’s crucial you promote your credential and membership affiliation. The best way to do this is by participating in ASA’s Find an Appraiser online search tool. Did you know that thousands of consumers, referral sources and others are actively using this complimentary tool to research and hire appraisers like you? If you aren’t participating in this exclusive member benefit program or haven’t updated your profile in sometime, click here for details on how to.

2: Protect Your Bottom Line

No matter how well you do your job, you can still be sued, as explained by ASA Benefit Partner – Mercer. As an appraiser, you risk being sued every time your provide appraisal services. And regardless of how well you’ve done your job, you’ll spend valuable time and hard-earned money to defend yourself in a lawsuit. As an appraiser, your biggest challenge today may be finding liability insurance for which your practice area qualifies. ASA understands this and has partnered with the leading providers to help you protect your bottom line. For a complete listing visit ASA’s online Benefit Partners page.

3: Add a Specialty

Move ahead of your competition by adding a specialized skill. ASA offers many opportunities to earn specialty designations or certifications, including: Appraisal Review, Intangible Assets, Certified in Entity and Intangible Valuations™, Master Gemologist Appraiser®, Aircraft Valuation and Going Concern. Start your path to a new specialty, contact an ASA credentialing specialist today.

4: Appraise Your Career

Whether you work for a firm or yourself, managing your career is critical for long-term success. ASA’s Job Bank has the tools and resources designed especially for your needs. From free confidential resume posting to easy job search controls, e-mail alerts, online applications to a comprehensive resource portal with customized learning content, reference checking, resume writing and more, this valuable tool provides all the resources you need to appraise your career. Get started today!

5: Update Your Preferences

As a member of a thriving organization with many programs, products and services, the resulting communications about these offerings can sometimes be overwhelming, especially during peak seasons when you are at your busiest. Did you know you have full control over your ASA Electronic Communications E-Mail Preferences? With a few simple clicks, you can check which electronic communications you would like to receive, as well as “pause” communications by temporarily opting out of all non-membership messages. To update your preferences, log in to ASA’s website, click on the Edit Profile link and select Preferences.

Be sure to act quickly on these important investment tips now before the new year and its challenges overwhelm you. Taking a few small steps early on can help result in profitable dividends later.

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Working From Home? You Still Have to Climb the Ladder

If you’re still working from home, you have adjusted to new ways of getting work done. What can be trickier is finding new ways to keep advancing your career.

By John Borrowman, CPC

It’s OK to seek feedback more often when you’re not in the office with the boss. It’s normal to want quick check-ins to help you keep track of your to-do list. If you are concerned that you’re checking in too much—or too little—the simplest solution is to ask. Bosses can be struggling with their own issues, so they’re not necessarily thinking of you. Don’t be offended. Ask to meet to talk about communication expectations. Come to that conversation with your own ideas.

Video adds a new dimension to communication skills. Be sensitive to co-workers who like to chitchat before getting into the discussion and those who want to get straight to business. When it comes to online meetings, you have to be present and visible. If you are sitting around the conference room table, everyone’s eyes are on the speaker. In a virtual meeting, everyone sees all the faces all the time. Lean in a bit to the camera to show you are focused. You don’t have to be the first to talk, but try to develop a smart comment or provocative question.

Find ways to get experience in the area you want to grow into. Maybe there’s an office task force or a volunteer organization outside of work that you can join. Say yes to opportunities. Stretch yourself. Not all of them will help you, but you can’t know which will pay off in advance.

If you want to keep climbing the ladder professionally while working from home, you have to seek feedback, make yourself more visible, and expand your skillset. On the other hand, if you are already up to your eyeballs dealing with children or pandemic details, give yourself a break. Your career will last a long time. Maybe your well-being needs to take priority for now.

John Borrowman, CPC, has been recruiting in the business valuation/litigation support profession before BV/LS was cool. He regularly helps employers and rising professionals make more informed choices. His perspective is the result of over 20 years spent recruiting exclusively in this unique profession. John’s high integrity and rigorous attention to detail produce the best possible result for those he serves. He has been a presenter at national valuation conferences, including for ASA. He has delivered webinars on the subject of hiring and retention. He is an Affiliate Member of ASA, and active in the Nashville Chapter. John holds the CPC (Certified Personnel Consultant) designation from the National Association of Personnel Services.

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ASA Job Bank – Your Gateway to Appraisal Profession Jobs and Career Resources

A valuable tool for job seekers and employers.

Looking to start your career as an appraiser, move up the corporate ladder or add a new team member to your practice? ASA’s Job Bank has the resources you need. Below is a brief overview for job seekers and employers.

asa job bank job seekersJob Seekers

ASA’s Job Bank provides job seekers with:

  • Free confidential resume posting;
  • Job search controls;
  • New job e-mail alerts;
  • Easy job application; and
  • Saved jobs capability.

As an added bonus, job seekers also have complimentary access to valuable career resources, including:

  • a customized career learning center;
  • reference checking;
  • resume writing & LinkedIn profile; and
  • coaching

asa job seekers for employers

 

Employers

ASA’s Job Bank helps employers:

  • Post jobs online quickly and easily;
  • Search resumes or set up a resume e-mail alerts;
  • Manage applications; and
  • Get valuable reporting information.

Visit ASA’s Job Bank today at www.appraisers.org/job-bank.

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Appraisers in Litigation: 3 Expert Witness Trends Spotlighted

ASA has seen the need for expert witnesses surge and has been busy developing educational offerings to help appraisers become an expert Expert Witness. There is a particular skill set needed to testify in court and the following ASA courses will help valuation professionals interested in or retained for litigation matters learn those techniques.

1. Bulletproof Expert Witness Reports

In court, the weight of an expert witness is much greater than most others providing testimony, so it is crucial that reports are relevant, fully detailed, and understandable to an average audience.

Because of this, ASA partnered with SEAK, the leaders in Expert Witness Training, and is offering a full-day, virtual course on report writing on 2/11/21. This interactive How to Write a Bullet Proof Expert Witness Report workshop will teach students how to draft superior expert opinion reports and you will leave the class armed with an extensive, customized set of action steps to help you write more powerful, persuasive and defensible reports.

2. Effective Expert Depositions

The expert’s deposition is usually the most significant part of a litigation matter because most cases settle before trial based on the lawyer’s evaluation of the strength of the expert deposition testimony.

On 2/16/21, ASA is hosting its AR121: Giving an Effective Expert Deposition webinar. Our expert instructor, Brian P. Brinig, developed a program that covers the Ten Commandments for Success at Expert Depositions as well as the attorney’s strategies for eliciting the best (or worst!) testimony from the opposing expert.  This class dives deep into knowing the opposing lawyer’s techniques so that you will be the best expert for your opinion, and not a good expert for the opposition.

3. Expert Witness Communications

The appraiser in litigation must be aware of the legal privileges that apply to communications and properly document those communications. All communications with the client and attorney are discoverable, so conflicts must be considered and tracked before committing to an assignment. Engagement letters should be drafted with a view to necessary provisions and the fact that they will be produced in discovery and possibly used as a road map to deposition interrogation.

In addition to instructing AR121, Brian P. Brinig will also lead ASA’s newest webinar, AR123: Expert Witness Engagements: From First Contact through Payment on 5/4/21. Upon completion of this course, students will be able to define, summarize and explain the legal privileges applicable to appraisal work in litigation support and their effect on oral and written communications; identify and discuss the conflicts of interest in litigation related matters; and understand which cases should be accepted and which must be declined. In addition, attendees will be able to discuss and explain the strategies for initial communications with client and counsel; analyze engagement letter issues; outline file documentation procedures essential for litigation matters.

Our expert instructor for AR121 and AR123, Brian Peter Brinig, ASA, is an appraiser, a certified public accountant and non-practicing lawyer who has been performing business valuations and economic damages analyses for forty years. He is an Adjunct Professor at the University of San Diego School of Law who founded a valuation firm in 1983 that was recently acquired by CBIZ-MHM, LLC. Brinig remains a Managing Director at CBIZ. Brian is the author of five technical books including Finance & Accounting for Lawyers, a legal textbook used as the basis for the graduate law class of the same title. Brian has testified as an economic expert witness in more than 100 jury trials across the United States in the last forty years.

To learn more about ASA Education, please visit appraisers.org

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A Message from the CEO

ASA’s CEO letter to members and friends

This past month marked a whirlwind of partnerships and collaborative activity, the kind association leaders live for.

To start, the American Society of Appraisers, along with eleven other organizations, signed a letter to congressional leaders calling for immediate passage of the Charitable Conservation Easement Program Integrity Act (S.4751). The ending of conservation easement tax deduction abuse and passing the S. 4751 is urgently needed and long overdue. As such, it was important to have ASA’s name associated with such a grave cause.

ASA also partnered with TAF, AI, ASFMRA, RICS, NSREA, and NAR to host an upcoming free symposium on Promoting Trust for Fair and Affordable Housing. This free symposium on 12/9, consists of 3 separate events including two panel discussions that I will be co-moderating in respect to fair housing, racial discrimination, and bias in real estate and mortgage finance and its lingering impacts to the present day; and one forward thinking session that will provide early insights into the housing and economic development agendas of the 117th Congress and incoming Biden Administration as they relate to real estate appraisal.

In a similar effort, ASA has partnered with TAQEEM and other global VPOs to submit a joint message to G20 virtual summit participants. Since the influence and importance of the G20 meetings and discussions can be crucial to the development and growth of the valuation profession in various markets, ASA was happy to contribute to this initiative.

 “The American Society of Appraisers stands in support of the G20’s crucial role in empowering inclusive global economic growth. Together our shared goals will help shape and ensure continued opportunities for consumers around the world and the valuation professionals who service them.” —American Society of Appraisers.

In other news, this past month I participated in the OnBoard Leadership Panel, where I and 3 other association executives shared our expertise and advice on how associations prepare for and address uncertainty in upcoming board meetings and planning sessions. Fully understanding our peers’ situations as well as regional differences during the pandemic, will ultimately help Board members strategize and grow as an association. I was honored to be a part of such a well-respected group of executives and appreciated sharing why member connections are so crucial to a leadership Board’s success.

I am also proud to announce that ASA recently made a donation to the International Foundation for Art Research (IFAR) on behalf of the many ASA members who utilize the organization’s educational resources. IFAR bridges a critical gap in the scholarly, legal, and museum worlds. As such, providing financial support will serve as a benefit to our members as well as helping IFAR continue its programs, services and goals.

Lastly, ASA has signed an Emerald Sponsorship Level agreement for the upcoming AGA conference. AGA offers the highest level of education for gemologist. They are up-to-date on the latest trends in the industry and have well-respected individuals as speakers. By being an Emerald Sponsor, ASA’s logo will be featured in all promotional materials; on AGA social media posts before, during, and after the conference; acknowledged during the opening and closing statements; and on the recorded banner that will run during breaks. We are inspirited ASA is sponsoring such a prominent and appreciated conference in the GJ appraisal industry.

To read other important news visit my Message from the CEO column on ASA’s Blog, or follow me on Twitter @johnniewhiteCEO and LinkedIn: http://www.linkedin.com/in/johnnniewhiteceo for more ASA updates.

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2020 ASA Fair Value Virtual Conference – Fall Recap

On Wednesday, November 18th ASA held its highly anticipated Fair Value Virtual Conference – Fall.

With 169 participants, 8 stimulating sessions, and 14 unique session speakers, ASA broke Fair Value Conference attendance records by a whopping 34%!

This compelling conference brought together industry professionals from around the globe and covered a range of fair value measurement and valuation topics, as well as other current and future expected trends regarding the FASB, SEC and international accounting standards.

Anchored by thought provoking panel discussions, the conference included a variety of polls to offer insight from attendees on a variety of topics. Kicking off with the Current Issues Panel, headed by Carla Nunes, CFA, Jim Krillenberger, Adam Smith, ASA, and Paul Balynsky, CFA, CPA/ABV, attendees provided input on the continued challenges and impacts of COVID.

Methodology

The COVID-19 outbreak has caused unprecedented turmoil in financial markets and created a global economic recession.  The associated  heightened level of uncertainty had led many valuation professionals to rethink their valuation assumptions and methodologies.

During the conference, attendees were asked a number of polling questions regarding the assumptions being used and the adjustments being made in the current environment when performing fair value measurements. 

The following is a brief overview of the population of survey respondents.

  • Average number of survey respondents = 109
  • Majority of attendees were in the United States, but the conference also attracted participants from Australia, Austria, Bermuda, Mexico, Romania, Saudi Arabia and Singapore

The remainder of this report documents the survey results.

“Current Issues” Panel

This session began with an introduction to the current economic environment and the apparent divergence with financial markets. Panelists then discussed a variety of issues that valuation professionals have been facing when developing fair value estimates in a post-COVID-19 environment:

  • Impact of COVID-19 and U.S. Presidential Elections on fair value measurements related to: 1) goodwill and asset impairments; and 2) fair value updates of portfolio investments
  • Incorporating uncertainty in cash flow projections: scenario approach and sensitivity analyses versus discount rate adjustments
  • Impact of COVID-19 on cost of capital inputs: Risk-free Rate, Equity Risk Premium, Beta, Capital Structure, Alphas

When survey participants were asked how long they expect the current economic downturn to last, nearly 60% replied they anticipate the current recession will end in 2020. The responses were in line with the expectation that a vaccine will be widely available in 2021. Some economists still believe that the recovery could be either V- or U-shaped, while eithers point to a K-shaped recovery, meaning that some companies/industries will outperform the overall economy, while others will continue to struggle until social distancing policies are no longer necessary.

Survey respondents use a variety of methods to incorporate the incremental risk created by COVID-19 in their valuations. Almost half of the respondents use a combination of methods.  For those relying primarily on a single method, practice seems to be equally divided (at close to 20% each) between those who prefer to use scenario analyses and those who adjust their discount rate with a company-specific risk premium.

About a third of participants has kept the same equity risk premium (ERP) assumption since December 2019 when developing cost of equity estimates, which may reflect a preference by this sub-group to rely on historical ERP measures. Interestingly, almost 40% of respondents (combined) have either decreased their ERP assumption from the March 2020 levels or are considering doing so currently.

COVID-19 has led to an increase of certain types of fair value measurement projects relative to typical levels. On a stand-alone basis, goodwill impairments capture the most common type of projects seeing an increase in frequency, which is not surprising. Following the stock market collapse in March and April 2020, many companies identified triggering events that required an examination of whether their goodwill was impaired.  More broadly, about two-thirds of respondents saw a rise in goodwill and long-lived asset impairments, stock-based compensation, and/or market-to-market updates of portfolio investments.

The Same Facts, Different Answers panel led by Bill Johnston, ASA-IA, Ryan Gandre, ASA, CFA, CEIV, Carla Nunes, CFA, Adam Smith, ASA, and Jacquelyn Marsac, CFA offered a reminder that valuation is not an exact science, and perspective can vary between individuals looking at the same economic environment and reviewing similar accounting guidance.

When asked about the risk-free rate assumption used in the current environment, a majority (57%) indicated that the spot yield as of the valuation date is the preferred approach. Some type of normalization, either by computing an average risk-free rate or a different normalizing method, was used by 41% of respondents.

The accounting treatment of operating leases for publicly-traded companies has recently changed in both US GAAP and IFRS. This type of financing is now capitalized as an operating lease liability in companies’ balance sheets under both accounting standards (note that private companies have more time to adopt under US GAAP).

Survey participants were asked whether they treat operating leases as debt equivalents in their fair value measurements.  Over half of respondents indicated they remove the effect of operating leases by excluding this liability from total debt, thereby approximating the old accounting rules. Just over 20% of respondents have in effect reflected the new leasing rules in their valuations, while 10% make a distinction when dealing with public vs. private companies.

Thank you to our Sponsor VRC – and thank you to everyone who helped make this virtual conference a success!

For more information about ASA, please visit appraisers.org.

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ASA Celebrates Chapters’ Success of Virtual Events

In March of 2020, ASA chapters were faced with the challenge of transitioning their in-person chapter events to virtual settings due to the ongoing pandemic. While the concept of virtual events and conferences isn’t new, the change brought about a variety of technical and logistical problems. However, ASA chapters have done an excellent job of leveraging these online platforms to provide networking and educational opportunities to their members. ASA would like to highlight a few of these outstanding virtual events.

8/27/2020 Houston Chapter: Expert Mock Witness Workshop & Mock Trial Event

9/24/2020 NorCal Chapter: ABCs of testimony: Attorney Tricks and Witness Traps

10/1/2020 Houston Chapter: “Valuing Wine is easy. Just ask my empty glass!”

10/8/2020 Boston Chapter: How to Qualify an Expert Appraiser and How to Impeach an Expert Appraiser

11/10/2020 Washington D.C. Chapter: Election Analysis Discussion with John Russell

ASA commends all chapters for not only providing virtual educational opportunities but in most cases, opening the events to the entirety of ASA. In addition to strengthening ASA, this has led to the interconnectedness between chapters and members that, under normal circumstances, would not have occurred. 

To our ASA chapter officers, thank you. While it certainly hasn’t been easy to adjust, you have made the most of it and have done an excellent job. 

You can view upcoming chapter events on the local chapters’ event page by clicking here. Additionally, you may find them in the bi-weekly newsletters.

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American Society of Appraisers Presents its 2020 Auction Winners

The ASA Educational Foundation has sponsored its first ever virtual auction hosted at the ASA’s International Conference. The annual auction is always an anticipated event, and year 2020, though virtual, was no exception.

The new virtual fundraiser was very well received by donors. The auction items brought in $3,895, with another $940 from donations, bringing the auction total to $4,835.00.

The charitable contributions were not only tax deductible, but the shipping was simple for our donors and quick for our winners. It was also noted by many how simple it was to make monetary donations. Overall, a big success!

We are so grateful to all of the benefactors and beneficiaries of ASA’s 2020 Auction. At the 2020 ASA International Conference, 15 items were auctioned off, given to the highest bidder. There was a lot of action around the jewelry and software items, as well as a dinner with ASA’s CEO, Johnnie White.

 Out of the 15 items auctioned, 13 lucky winners were chosen; including:

Case of Cabernet Sauvignon 2017 Spring Mountain District, Napa Valley –Joseph Noselli

One Virtual Hour with ASA’s CEO, Johnnie White, MBA, CAE, CMP at Mutually Convenient Time/Place – Garrett Schwartz

Admission for One to ASA’s 11th Annual Award Winning Houston Energy Valuation Conference Wednesday May 12, 2021 – Online Entry – Sharon Desfor

AMAZON.COM Gift Card Redeem at Amazon.com Online Stores – Garrett Schwartz

Dinner “ON” the Governor of the Personal Property Discipline Committee- Carol Akers Klug

Instappraise Jewelry Appraisal Software – 1 Year Subscription – George Sonnen

Private Dinner with ASA CEO Johnnie White at Gordon Ramsay Burger during the International Conference at Planet Hollywood Resort & Casino, Las Vegas October 24 to 26, 2021 – Woody Fincham

Best Practices Thought Leadership in Valuation, Damages, and Transfer Price Analysis – Thomas Stewart

AMAZON.COM Gift Card Redeem at Amazon.com Online Stores – Carol Klug

Dinner “ON” the Governor of the Personal Property Discipline Committee – Carol Akers Klug

Two Virtual Hours with David Mitroff, Ph.D., CEO for a Chapter Presentation or Assessment of Your Business Practice + Digital Books An Assessment includes a review of your Practice, formulation of strategies, and action items – Garrett Schwartz

Bobby Hill, Statue of Liberty Signed verso, Stencil w/ Hand Embellishments, 2011 – Roger Logan

California Tasting Room Collection Gift Basket  – Joshua George

Hand-Made Silver Moonstone Pendant – Joseph Noselli

Thank you to ASA’s Educational Foundation and our generous bidders and auction donors! For more information visit appraisers.org.

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