In the latest e-update to members, Bob Morrison, vice chair of the American Society of Appraiser’s BV committee, admitted that his fellow members had “struggled” to identify the differentiators between the ASA and other BV accrediting organizations. “If we can’t verbalize them, how can we expect the public, especially the buyers of our services, to know and value them?” As a result, its Strategic Planning Task Force recently identified several distinctions, among them:
- The ASA has been around for 75 years, the oldest multidisciplinary organization in the country.
- ASA members include the pioneers of the BV profession and the country’s most respected thought leaders.
- ASA members are the only BV professionals who must comply with USPAP, the only standards that have received Congressional recognition.
- Members complete “the most rigorous qualification requirements in the [BV] profession,” including attaining five years of experience and submitting a valuation report for peer review as part of the accreditation process.