Learn More About ASA's New Streamlined AM Designation
The American Society of Appraisers (ASA) has streamlined the process of becoming an Accredited Member in Real Property. Find out how in this interview with Sam Luceno, FASA, chair of ASA’s Real Property Committee.
1.) I understand that ASA has recently streamlined the process for becoming an Accredited Member (AM) in real property. What can you tell me about that?
Some of our members provide appraisal services for clients who require that they possess a professional designation that requires that they pass a comprehensive examination other than the exam required to obtain State Certification. Our AM* designation meets this requirement. However, many individuals who have expressed interest in becoming an AM in the past did not see the need to pass an additional comprehensive exam given their client base and professional goals. Essentially nothing has changed regarding the integrity of the AM designation. Rather, we made taking a comprehensive exam voluntary in order to earn the AM designation. All other requirements remain the same.
2.) How does being an AM member of ASA help certified general appraisers professionally?
The AM Designation within ASA is unique compared to other organizations. An ASA member can qualify for an AM designation with two years experience in any specialized appraisal field. That is: Residential, Commercial, Industrial, Investment, Rural, Timberland, Ad Valorem, etc. Most other organizations limit their two year experience designations to Residential only. Designations are also a must have in litigation matters.
3.) What if I’m already a member of another professional organization – can I still take advantage of the streamlined AM process?
Absolutely!!! Actually, it may be easier to qualify for the AM designation if you’ve already achieved a designation with one of the other respected appraisal organizations.