Daily Archives: November 28, 2017

Fourth Quarter President’s Message, The NAIFA-ASA Merger: Harbinger Of Things To Come?

The NAIFA-ASA Merger: harbinger of things to come?
By P. Barton DeLacy, ASA
2017 ICAP President

Two of ICAP’s founding organizations, the ASA and the NAIFA, have agreed to merge. What does that mean for our members and the Illinois Valuation Community?

I have served on the ICAP Board since 2010, representing the ASA. I joined the The American Society of Appraisers (ASA) nearly 20 years ago, even though I had long been an MAI.   I was working for Arthur Andersen then and I learned “valuation” covered much more than just real estate. Through ASA classes, and more importantly, through working with valuers expert in business, machinery and personal property, I became at least conversant (if not proficient) in their disciplines. It deepened my understanding of real property values as well.

As a longtime ASA member, I welcome the new association with NAIFA. I now hold multiple designations, each focused on a variable client or professional colleague base- but I am no fan of our penchant for more and more letters after our names. Indeed, the more letters, the less weight they carry.

The merger of ASA and NAIFA is a hopeful sign of consolidations to come. The ASA is, perhaps, the original multidisciplinary valuation society, while the National Association of Independent Fee Appraisers (NAIFA), based here in Chicago, has provided ICAP disproportionately strong leadership through the years.

Nationally, the merger will add the nearly 800 NAIFA real estate appraisers to ASA’s more than 5,000 multidiscipline credentialed valuation professionals in over 75 countries. ASA touts 63 chapters throughout the world, but one of its most successful chapters is based here in Chicago. However, the Chicago ASA Real Property contingent is relatively small.   The infusion of NAIFA members will easily triple its size.

Real Property is just one of several asset disciplines within the ASA. I look forward to the ASA-NAIFA team to serve as a catalyst there to broaden ICAP educational offerings and provide avenues for professional advancement to all our members.

Please renew your membership in ICAP and stay involved.

On a personal note, it has been my honor to serve this coalition as President this year.

Ave atque Vale,

29 November 2017

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