If you’re a person or company that can afford its business jet, there aren’t any customer advocacy groups for you. Yes, this is the case despite what the National Business Aviation Association (NBAA) or others may tell you. When it comes to assessing the worth of a plane, the reality is, you’re on your own. So, consider the following points.
Appraiser certification relies on appraisal education, experience, intensive written and verbal examinations and submission of acceptable evaluation reports. ASA Accredited Senior Appraisers must have a four-year college diploma, a minimum of five decades of full-time assessment experience should adhere to the ASA’s Principles of Appraisal Practice and Code of Ethics and the nationally recognized criteria of the Uniform Standards of Professional Appraisal Practice (USPAP). A 15-hour USPAP course and exam are required. Each appraiser must furnish professional and personal references and are subject to history and credit investigations. Local ASA chapters evaluate the practices and conduct personal interviews with applicants. Besides the initial accreditation, ASA accredited appraisers have to participate in twenty hours per year of continuing education.