Qualified Appraisers Of Antiques Are
More Than Just Certified
A “qualified” personal property appraiser is an independent individual, educated and experienced in appraisal standards, which include theory, principles, ethics and the law. Accurate appraisals require consistent, ongoing education and comprehensive testing to endure competence.
Membership in an organization is only as important as the standards and requirements set for membership in the organization. Some appraisal organizations require only a fee for membership and minimal character references. Some associations even “certify” their members by payment of that entry fee! A “certified” appraiser may not be a “qualified” appraiser. Beware!
There are associations that do require testing. The ISA (International Society of Appraisers) has led the field in establishing a standardized body of comprehensive study and testing for full membership. ASA (American Society of Appraisers) also has a testing procedure for membership.
Until legislation is passed to require minimum standards of personal property appraisers, the public will have to check each appraiser’s credentials and qualifications carefully to determine if that appraiser is qualified to do the job. Oregon and Washington do not, at this time, license their personal property appraisers.
An appraiser needs both expertise (knowledge based on education and training) and experience. Being able to identify an antique in detail does not automatically qualify a person to know the value of the item.
An appraiser cannot be an expert in all fields. Beware of such an expert! However, an appraiser who is a member of a qualified association can network with others in the association to cover fields where he is less knowledgeable.
When hiring an appraiser, ask for references, and check them. Beware of conflicts of interest, such as an appraiser/dealer who will appraise an item and then offer to purchase it! It is impossible to give an unbiased opinion of value while having an interest in purchasing, and many consider it to be unethical to offer to buy an item which one has appraised.
In fact, the federal government forbids such practice in appraisals prepared for federal purposes. They also forbid percentage appraising, which is appraising for a percentage of the value.
After you have hired an appraiser and the work is done, you should expect a comprehensive report which will include the appraiser’s qualifications, a complete accurate “word picture” and value for each item, the market approach used and a summary.
Do not accept a formal appraisal if it is hand-written, a “laundry list,” a percentage fee based on the total value, or if the appraiser is unwilling to back up his statements in court.
Modified from an Old Stuff article, Fall, 1991.
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