An accredited machinery & equipment appraisal report is conducted by an experienced valuation expert known as a Senior ASA (MTS), conforms with USPAP, and contains a certification document signed by the appraiser.
This document certifies to the accuracy of information provided, the objectivity of the appraiser, compliance with Uniform Standards of Professional Appraisal Practice (USPAP), whether the report includes an inspection of the property and, an acknowledgment that the appraiser is accredited with the American Society of Appraisers (ASA).
Hiring a qualified accredited appraiser will assure that you will be receiving the highest level of valuation expertise available, and the valuation will be fully researched and supportable. Accredited appraisers are held in the highest esteem, have the knowledge needed of the market and valuation profession, required experience, and highly regarded reputation.
In order to be accredited through the American Society of Appraisers, a qualified Senior ASA appraiser must have a minimum of five years of experience, pass an intense written examination, submit an appraisal report according to USPAP standards for peer review, take several machinery and equipment appraisal courses with exams, including USPAP training, and undergo screening for his or her ethical behavior. Every two years their USPAP training is updated and every five years a minimum of 100 hours of ongoing education is required.