JOIN THE AAA: AAA TRACK MORE INFO
I. Required Coursework
The Appraisers Association of America offers specially-designed courses for those professionals applying to become Certified Members. All of the courses are geared to the seasoned professional who has significant connoisseurship and marketplace experience, and focus primarily on technical information such as report writing and methodology. The courses are available online only, and are included in the application fee. The courses have been developed in alignment with the requirements of The Appraisal Foundation. Presently, as of January 2011, the required courses are:
Once you have decided to apply to become a Certified Member of the AAA, we encourage you first to contact us by telephone (212.889.5404 x13) to discuss the process and confirm the next steps; then, you will need to complete the Membership Application, which revolves around the following items:
Estate Tax Liability: provide an appraisal report with five (5) significant, representative, and different objects specific to your area of specialization, all of which you have personally examined, with images for each; additionally, you must provide comparables for each work of art, and images of the comparables.
Insurance: provide an appraisal report with five (5) significant, representative, and different objects specific to your area of specialization, all of which you have personally examined, with images for each; additionally, you must provide comparables for each work of art, and images of the comparables.
Non-cash Charitable Donation: provide an appraisal report with two (2) significant, representative, and different objects specific to your area of specialization, both of which you have personally examined, with images for each; additionally, you must provide comparables for each work of art, and images of the comparables.
Appraisal reports must adhere to our Elements of a Correctly Prepared Appraisal, and must follow our Appraisal Templates, which will be provided to you as part of the application package. The templates ensure that you have included a Certification Page, Scope of Work, Disclaimer, Assumptions and Limiting Conditions, Preferred Format for Object ID, and other critical components of an appraisal report, as well as appropriate pagination.
The importance of excellent formatting cannot be overemphasized; your reports are the centerpiece of your application; your mentor will work with you to ensure that your reports are ready for presentation; all reports receive a preliminary review by admissions committee members before being submitted to the Admissions Committee.
You may be matched with a mentor who is a seasoned appraiser and specialist in your field who will work with you to complete your application; the mentor can be assigned to you, or suggested by you to us.
The names of all applicants for membership are published on a “Pending Applicants” list and distributed to the full membership, twice, during the admissions process, thereby providing an opportunity for members to comment.
Applicants for Certified Member are required to sit for a “certification exam” which tests your knowledge of your area of specialization, marketplace for the material and research resources available for the material. Applicants may make an appointment to take the exam at the AAA office in downtown Manhattan, or in a proctored setting in their city. Exams are graded by two members of the Admissions Committee within two weeks of the exam date.
You must be current with USPAP; i.e. if you last took USPAP in 2010, with the 2010-2011 USPAP publication, and you are applying in February 2013, for example, you will need to take the 2012-2013 USPAP 7 hour course as part of the application process. All members are required to be current with USPAP, and to write USPAP-compliant appraisals.
The Admissions Committee is composed of members of our Board of Directors, all specialists in varying fields; and meets in January, April, July, and October of each year.
Dues are $625 per fiscal year; members are admitted four times a year; and membership dues are pro-rated to our fiscal year, July 1 through June 30.
You may apply in additional areas once you are admitted as a Certified Member.
The entire process can take up to six months; please note that once you initiate the application process, you must submit all materials within a period of two years.
Please call for a membership application today! 212.889.5404 x13