Certified Membership represents the highest level of accomplishment for members of the Appraisers Association. Certified Members have the most extensive level of expertise, qualifying education and a minimum of ten years of experience as an appraiser of personal property, specializing in the fine or decorative arts. Certified Members must meet a Continuing Education requirement of 70 hours every five years, including a course every two years to remain USPAP compliant.
AFAA is a a qualified appraiser for the IRS. They produces multiple IRS compliant valuations for Estate and Donation purposes every year.
The Internal Revenue Service defines a “qualified appraiser” as an individual who:
Has earned an appraisal designation from a recognized professional appraiser organization or has otherwise met minimum education and experience requirements as set forth in regulations prescribed by the Secretary. Regularly performs appraisals for which the individual receives compensation, and meets such other requirements as may be prescribed by the Secretary in regulations or other guidance.
An individual shall not be treated as a qualified appraiser with respect to any specific appraisal unless: the individual demonstrates verifiable education and experience in valuing the type of property subject to the appraisal, and the individual has not been prohibited from practicing before the Internal Revenue Service by the Secretary under section 330(c) of title 31, United States Code, at any time during the 3-year period ending on the date of the appraisal.
