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About
the Certified Appraisers Guild of America -
The
Certified Appraisers Guild of America is the result of a
recognition of the need for certified professional personal
property appraisers. The Certified Appraisers Guild grew
out of the teaching of personal property appraisal principles at
the Missouri Auction School.
Founded
in 1905, the Missouri Auction School from its beginning taught
personal property appraisal principles. For nearly a
century, it has provided personal property appraisal training as
part of its curriculum. It has been recognized world wide
for its quality training programs by such organizations as Newsweek,
The Wall Street Journal, Smithsonian Magazine,
the Times of London, England and ABC, CBS,
CNN and NBC news.
It
recognized that both the government and the private sector were
becoming more demanding concerning the practices of the personal
property appraisal profession. It expanded and added
to its appraisal program to form the Certified Appraisers Guild
of America.
The
Certified Appraisers Guild of America is a professional
accrediting organization providing certification of personal
property appraisers. With members in 49 states, 6 Canadian
Provinces and England, The Certified Appraisers Guild of America
is North America's #1 trainer of personal property appraisers.
On an annual basis it trains more personal property appraisers
than any other organization in the world. The Guild
has been instrumental in helping to standardize the personal
property appraisal profession. The members of the
Certified Appraisers Guild form a network of valuable appraisal
contacts throughout the United States and Canada.
Membership
Requirements
Each
member is required to attend professional training and pass a
comprehensive exam before becoming certified. No one is
allowed to be a member of the Certified Appraisers Guild of
America without completing the certification program.
There are no "grandfathered" or "Associate"
members that have not completed the training and exam.
Each member has completed the course work required to be
certified by the Guild.
Educational
Standards
The
training each member is required to complete includes the
uniform standards of personal property appraisal practice and
appraisal report writing. Special areas of emphasis in the
training include Internet Revenue Service appraisal
requirements, estate and gift appraisals, charitable donation
appraisals, bankruptcy appraisals, insurance appraisals,
appraisals for divorce, and casualty loss appraisals. In
addition, each member is required to attend our courtroom expert
witness seminar with special emphasis on appraisals for courts
and testifying in court.
Certification
The
Certified Appraisers Guild of America confers the professional
membership designation CAGA to recognize the completion of the
appraiser's certification education. Members are
professionals who have completed the certification process.
In addition, the members have made a commitment to the Certified
Appraisers Guild's Code of Professional Ethics and to the
Standards of Professional Appraisal Practice.
What
to look for in a Professional Personal Property Appraisal Report
With
the government, courts, judges, banks, attorneys, accountants,
insurance representatives and other professionals examining more
closely the personal property appraisal report, it is important
to know what to expect from a professional personal property
appraisal report.
Here
a few points that a professional report should have:
-
a
complete and accurate description of the property
-
analysis
of the factors affecting value reflecting the appraiser's
research in accordance with the standards required by
government authorities.
-
a
definition of value appropriate to the type of appraisal
-
a
value for the property appraised substantiated by the report
analysis
-
the
appraiser's qualification page
-
the
appraiser's signature
-
the
appraiser's statement that the appraiser does not have a
financial interest in the property
-
you
should confirm with the appraiser that the appraiser's
report can be defended in court if needed
CERTIFIED
APPRAISERS GUILD OF AMERICA
CODE OF ETHICS
- The Appraiser
shall obtain the relevant facts relating to the subject
property to
form the final conclusion of value.
- All formal
appraisal reports shall be in writing signed by the
Appraiser.
- The Appraiser
shall disclose any interest in the subject property and will
accept
an appraisal assignment only if the appraisal can be
performed without bias.
- The Appraiser
shall maintain the confidential nature of the appraisal
report. The contents of the report shall not be disclosed without
consent of the client
or by court order.
- The fee
charged by the Appraiser shall be independent of the value
in the report.
- The Appraiser
shall maintain respect for others in the appraisal
profession.
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