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Affiliate MembersThose who are in a related profession but do not meet the requirements for other ASFMRA membership classifications.
The American Society of Farm Managers and Rural Appraisers (ASFMRA) is the largest professional association for rural property land experts, boasting over 2100 members in 31 chapters throughout the United States.
The designations the ASFMRA offers are: the Accredited Farm Manager, the Accredited Rural Appraiser, the Real Property Review Appraisers and the Accredited Agricultural Consultant.
ARA stands for Appraisal Reduction Act. When a loan is in default, an appraisal is ordered. If the appraised amount is less than the debt, an appraisal reduction is booked that would be equal to the difference between those two amounts.
An appraiser who has received the Accredited Rural Appraiser (ARA) designation is trained and tested to ensure they are equipped with the tools necessary to tackle a wide spectrum of real estate valuation assignments.
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