“The American Society of Appraisers is one of eight major appraisal societies that, in
1987, founded The Appraisal Foundation, a national nonprofit organization created to
establish uniform criteria for professional appraisers.
Since 1989 The Appraisal Foundation has been recognized by the U.S. Congress as the
source for the development and promulgation of appraisal standards and qualifications.
The Appraisal Foundation is the source of the Uniform Standards of Professional
Appraisal Practice which is the recognized standard governing professional appraisals.
The American Society of Appraisers is a sponsor of the Appraisal Foundation, and as
such, our members must follow the sponsorship criteria of The Appraisal Foundation.
Upon admission, all members of the American Society of Appraisers must take and pass
a 15-hour USPAP course and exam taught by an Appraisal Qualifications Board - (AQB)
approved instructor. Members are held to these standards while they are members of
ASA and must periodically take refresher courses in order to maintain their accreditation
with ASA.”
source: http://www.appraisers.org/ProfessionalStandards.aspx