At minimum, all states require appraisers to be state licensed or certified in order to provide appraisals to federally regulated lenders.
Appraisers who become designated through well known national appraisal organizations have gone beyond these minimum requirements by fulfilling rigorous educational and experience requirements, and must adhere to strict standards and a code of professional ethics. The following is a summary of organizations with which Larry G. Sage has membership designations:
The Appraisal Institute currently confers the MAI membership designation on those who are experienced in the valuation of commercial, industrial, residential and other types of properties.
The American Society of Appraisers offers multiple disciplines in Real Estate, Equipment and Business Valuation. An appraiser who has earned the ASA membership designation has met an extensive array of testing, coursework and experience.
The Association of Machinery and Equipment Appraisers (AMEA) offers a Certified Equipment Appraiser (CEA) designation to those appraisers that have demonstrated extensive knowledge, experience and training in the appraisal of equipment.
