A qualified appraiser follows a set of national standards developed by the Appraisal Standards Board (ASB) of The Appraisal Foundation
A qualified appraiser adheres to a professional code of ethics developed and maintained by their professional appraiser organization.
A qualified, USPAP compliant, appraisal will be admissible in a court of law and meet federal requirements and
A qualified appraisal includes a cover document explaining the type of value being sought and how the appraisal will be used
A qualified appraisal should have descriptions written in such detail, one can obtain a clear image of the item in their mind's eye
A qualified appraisal should contain a current USPAP certification statement
A qualified appraiser will not have a conflict of interest - meaning the appraiser does not have an interest or role in profiting from the auction, purchase, or sale of the appraised items
A qualified appraiser will not associate their fee with the value of the appraised property
IRS Treasury Regulations require that one must obtain a qualified appraisal, signed and dated by a qualified appraiser when determining the value of donated property above certain thresholds.