How to Become an Appraiser

At Rabin Worldwide, we understand the importance of appraisals.  They must consistently provide asset values that customers as well as banks and corporations can depend on.  We are pleased to say our team of appraisers is one best in the business and that they have worked together for more than 25 years gaining experience in nearly every facet of industrial equipment. 

So how does one go about becoming an appraiser?  The process in the United States is regulated from state to state so it can vary.  Although in order for the appraisal process to be respected and legitimized, standards have been established.  The Appraisal Foundation (TAF), a non-profit organization started in 1987, exists for the sole purpose of advancing professional valuation.  They update “best practices as codified in the Uniform Standards of Professional Appraisal Practice (USPAP), and TAF's Appraisal Qualifications Board (AQB) promulgates minimum standards for appraiser certification and licensing.”

Appraisals are done for real estate valuations, personal property valuations, and for business valuations of equipment and machinery and even for the valuation of a business name or logo.  Presently only real estate appraisers are regulated by the state they are licensed in.  In addition, that state has the responsibility to discipline them. 

According to The Appraisal Foundation, “Most appraisers are required to have a certain number of hours of education and experience.  In addition, if an appraiser wishes to become state licensed or certified in real property or if an appraiser wishes to become “designated” by an appraiser organization, they must also pass a comprehensive examination.”   

If you are interested in finding out more, contact a professional trade organization that represents appraisers.  They will have information regarding specific courses for different fields or specialties.  After you have successfully finished your coursework, you can apply to become a designated appraiser. 

Sources:

en.wikipedia.org/wiki/Appraiser_Qualifications_Board

netforum.avectra.com/eweb/DynamicPage.aspx?Site=TAF&WebCode=TAFFAQs

 

Rabin Worldwide is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward, and the Railway Express Agency.  Please contact us to discover how we may assist with your asset liquidation process.