Appraisal review raises the bar on appraisal reports by providing professional, expert review of how well the report aligns with standards of appraisal practice, including the ability of the intended user to understand the report. Appraisal review, as discussed in a previous post, is a standardized methodology that provides guidelines for adjudging the overall quality of…Read More
Finding the Best Equipment Appraiser
This article by Joe Santora, ASA, was published earlier this summer on Equipment Finance Advisor and subsequently on Joe’s LinkedIn page, where I found it. I think you’ll enjoy Joe’s explanation of why choosing your equipment appraiser wisely is a critical step in the equipment finance process. Thanks, Joe, for granting permission to republish here! “You have…Read More
Due Diligence vs. Gut Feelings in the Valuation Process
Thanks to Joseph Orlando, ASA, Director of Business Valuation at Frank, Rimerman + Co. LLP in St. Helena, CA, for this interesting discussion on the importance of perspective in the valuation process. Joe currently serves as Treasurer on the ASA Northern California Chapter Board and has been nominated as Discipline Director for Business Valuation. It’s been…Read More
When to Worry About the Accuracy of Your Appraisal
An appraisal review or expert rebuttal report is a good choice whenever you feel confused about the methodology used in an equipment appraisal report or uneasy about the qualifications of the equipment appraiser. This could be a report you originally contracted for – or it could be an equipment appraisal report you’ve received from another…Read More
5 Rules for Choosing a Qualified Equipment Appraiser
In a previous equipment appraisal post, we discussed the fact that machinery and equipment appraisers are not issued California appraiser licenses and certification pursuant to Assembly Bill 527. The regulations of that bill, which were established by what is currently the Bureau of Real Estate Appraisers, are only applicable to real estate appraisers. Machinery and equipment…Read More
Accredited Appraisers vs. Certified Appraisers
Every now and then a client asks about our California appraiser license and certification pursuant to Assembly Bill 527. The regulations of Assembly Bill 527, we explain, were established by OREA (Office of Real Estate Appraisers now called the Bureau of Real Estate Appraisers) and so are only applicable to real estate appraisers. Machinery and…Read More
USPAP: Not just for Litigation Appraisals
Litigation support, from an equipment appraiser’s point of view, often seems like a long discussion about what constitutes an adequate appraisal report –– and that inevitably includes explaining what USPAP is and why it’s important. Of course, the benefits of a USPAP report aren’t limited to litigation purposes: professional appraisal standards benefit everyone in every situation for…Read More
Annual Fair Value Conference in San Francisco
Next week, the annual Fair Value Conference will be in San Francisco. As president of the San Francisco/Nevada Chapter of the American Society of Appraisers, I’m especially excited about this. It’s a great opportunity not only for local Business Valuation appraisers, but also for the NorCal ASA Chapter in general. Of course, here at the Northern California/Nevada…Read More
How Will Dodd-Frank Affect Appraisals?
In this guest blog, Robert Podwalny, FASA, gives an overview of the Appraisal Review and Management (ARM) field of the appraisal profession, explaining why appraisal review is needed, what an appraisal review involves, who is qualified to review appraisals, and the opportunities available in this quickly-growing area of the appraisal profession. Substandard Appraisals One of…Read More
Congratulations to Bob Podwalny FASA, Lifetime Member of the ASA
As a machinery and equipment appraiser, I’m especially proud that the American Society of Appraisers board of governors has approved Robert Podwalny for Life Membership in the ASA. I was part of the nominating committee from the ASA NorCal Chapter and we were pleased to be able to make this announcement at last month’s meeting….Read More
Robin Erdmann ASA, RP
I regret to announce that Robin Erdmann, ASA in RP and our former ASA NorCal Chapter President (2008-2009), passed away unexpectedly on Thursday, December 22, 2011, after a very short illness. He had just turned 60 a few days before. Robin is credited with the resurgence of our ASA NorCal Chapter; we remain very grateful…Read More
Tax-Related Appraisals: Section 6701 & Circular 230
This is the second half of an article on the consequences of the Internal Revenue Service’s new and significant enforcement initiatives that specifically target abusive tax-related appraisals and the individuals who prepare them. Read the first half here in a previous post. Authors are Jay Fishman, FASA, Business Valuation Review Editor and Chairman of the…Read More