As reported in a recent BVWire, the American Society of Appraisers (ASA) is currently revising the guidelines for the submission of appraisal reports in connection with its accreditation procedures. “These guidelines, along with a revised Guide to Professional Accreditation, should be issued within the next couple of weeks,” says Trey Stevens, vice chair of the ASA’s Board of International Examiners, in the ASA’s weekly E-Update to members.

The revised guidelines will not only provide ASA candidates with a better understanding of the appraisal report requirements, but should also “increase the quality” of submitted reports, Stevens says. He also notes 10 highlights of the current BV report guidelines—among them a checklist that provides basic requirements and general quality standards that any written BV report should contain.