During exploratory discussions over a two-day period at the 1951 Annual Conference of American Society of Technical Appraiser in which officers of Technical Valuation Society were invited to attend, the representatives agreed that the two organizations had common appraisal goals and purposes and that a merger would service the best interests of both. The officers of the two societies, acting in their official capacities, established a formal Consolidation Committee charged with the duty of exploring the possibilities of merger and overall desire of the membership for consolidation.

At a general membership meeting in New York City on May 15, 1952 TVS voted for the consolidation of its membership with the ASTA membership in a new organization to be known as the American Society of Appraisers. Similarly, during its annual meeting in San Francisco, June 16, 1952, ASTA approved the consolidation. On July 24, 1952 The American Society of Technical Appraisers and the Technical Valuation Society, organized in 1936 and 1939 respectively, were consolidated creating the American Society of Appraisers.

The American Society of Appraisers is an international organization of appraisal professionals and others interested in the appraisal profession. ASA is the oldest and only major appraisal organization representing all of the disciplines of appraisal specialists.

ASA members perform appraisals for one or more disciplines including Appraisal Review & Management, Business Valuation, Gems & Jewelry, Machinery & Technical Specialties, Personal Property and Real Property. They also belong to one or more chapters that are grouped into geographic regions.

ASA is run by a Board of Governors made up of representatives from the disciplines and regions. In addition, ASA has two other affiliated organizations, our Educational Foundation and our Political Action Committee. ASA also has the ASA College of Fellows that is comprised of Accredited Senior Appraisers who have been recognized by their peers and the College of Fellows for their contributions to ASA and the appraisal profession.