American Society of Appraisers
Definition and meaning of American Society of Appraisers in real estate.
The American Society of Appraisers is a multi-discipline, non-profit organization that represents and certifies appraisers of real estate, personal property, and business assets.
In more detail
The society is one of the oldest appraisal organizations in the United States, dedicating itself to promoting high ethical standards and professional education. The organization grants designations like Accredited Senior Appraiser to members who meet strict education, testing, and experience requirements. Home buyers, sellers, and lenders seek certified members to ensure unbiased, professional valuations for mortgage financing, estate planning, and tax assessments.
Their members must adhere to the Uniform Standards of Professional Appraisal Practice, ensuring consistency and reliability across the industry.
Key facts
| Category | Buying & Selling |
|---|---|
| Organization type | Multi-discipline professional appraisal society |
| Key designation | Accredited Senior Appraiser |
| Adheres to | Uniform Standards of Professional Appraisal Practice |
A bank hiring an independent expert to value a historic commercial building looks for an appraiser certified by the American Society of Appraisers.
Frequently asked questions
What does the American Society of Appraisers do?
The organization provides professional education, sets ethical standards, and certifies appraisers across multiple asset classes, including real estate.
Why should a home buyer hire an appraiser certified by this group?
Hiring a certified member ensures the appraisal is conducted by an experienced professional who adheres to strict ethical guidelines and industry standards.
Does this society only certify real estate appraisers?
No, they also certify appraisers in personal property, gems and jewelry, machinery and technical specialties, and business valuation.