The American Society of Appraisers (ASA) has entered into a Memorandum of Understanding (MOU) with the Australian Property Institute (API), the ASA announced on its website. API CEO Amelia Hodge commented on the intent of both organizations regarding this agreement.
“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,” Hodge stated in the release. “Both organizations 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.”
ASA also said that the MOU also represents a further step towards realizing the API’s goal to bring the global property profession community closer together through professional standards, ethics, compliance, assurance and best practices.
The provisions of the MOU allow for:
- The exploration of formal recognition of the credentials of both organizations.
- Collaboration on continuing professional development and education courses which can be made available to members of both organizations at similar prices.
- A proactive exchange of knowledge, expertise and experience in the area of valuation.
“ASA is committed to providing value worldwide,” ASA International President Douglas R. Krieser said. “Partnering with leading organizations 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.”