THE Australian Property Institute (API) has entered into a memorandum of understanding (MOU) with the American Society of Appraisers (ASA).
The provisions of the MOU allow for the exploration of formal recognition of the credentials of both organisations, collaboration on continuing professional development and education courses which can be made available to members of both organisations at similar prices and exchange of knowledge, expertise and experience in the area of valuation.
With a history spanning more than 75 years, ASA is a multi-discipline, non-profit, international organisation of more than 5,600 professional appraisers, representing all appraisal disciplines, including appraisal review and management, business valuation, gems and jewellery, machinery and technical specialties, personal property and real property.
API CEO Amelia Hodge said the MOU also represents a further step towards API’s goal to bring the global property profession community closer together through professional standards, ethics, compliance, assurance and best practices.
“At the core of the MOU is the mutual desire to build on our existing relationship and to further collaborate, particularly in the areas of standards, education and designation reciprocity.
“Both organisations are looking to build and maintain a long-term cooperative relationship that encourages the exchange of professional knowledge and development and opportunities for global career development pathways for our respective members.” Hodge said.
ASA International President Douglas R. Krieser said the ASA is committed to providing value worldwide.
“Partnering with leading organisations like API to provide regional expertise and support helps to ensure local needs are met and to achieve this global mission. We look forward to working with API to promote and expand recognition of valuation as a profession on a worldwide basis.” Krieser said.
