Thank you for visiting our Web Site today to discover the advantages of becoming a
member of the National Aircraft Appraisers Association (NAAA).
The NAAA is the trade association and certifying authority for professional aircraft
appraisers. Founded in 1980, the NAAA is the only working
trade
association for aircraft appraisers in the United States. The NAAA's sole purpose is to provide prompt, accurate
information and services to its members and to the entire aviation community.
The NAAA and its 250 members set the standard of the aircraft appraisal
process. We recognize that our honest, objective, totally professional approach to appraising
aircraft will
enhance our income opportunities. We inform aircraft buyers, sellers, their
financial institutions, and others about the general condition and
value of aircraft. We assist aircraft dealers and fixed base operators by attracting
aircraft buyers and sellers as a result of the written aircraft appraisal.
We help financial institutions increase their aircraft portfolios by verifying
that the collateral they are about to assume is valid.
There are a myriad of reasons why aircraft are appraised on
a regular basis. As a member of the NAAA, you will be working with lending institutions, court systems,
corporations, insurance companies, state and federal government agencies, individual
aircraft buyers, and sellers. Each of those entities has a need for your personal effort and
expertise in appraising aircraft. Each of them will depend on your total
objectivity and independence in doing the job fairly and accurately.
NAAA members offer a unique service. Through the use of our software applications, databases,
and research staff, association members are able to appraise aircraft at their current
market value. This service offers your clients accurate and prompt
appraisals at a reasonable cost. Additionally, working within the only
network of professional aircraft appraisers, you can provide aircraft
appraisals for your clients almost anywhere in the nation while keeping the
fees at a very reasonable level..
Opportunity:
Aircraft appraising has become the fastest growing area within the aviation industry.
Although there are several reasons for this phenomenal growth, the primary reason
affecting it is the Federal Deposit Insurance Corporation. The FDIC is the
regulating agency for the commercial banking industry and, since the savings and
loan
crisis of the mid 1980s, has become far more attentive with regards to the type of documentation and loan
practices of all lending institutions. The FDIC's published guidelines for good operating
practices require all banks making loans to gather evidence of the fair market value of
the collateral being financed. The form of evidence to which this agency refers is an appraisal.
Buyers and sellers who have an interest in knowing the true market value of
an aircraft are potential clients. Also, those who are upgrading their
aircraft will need appraisals for refinancing. Insurance companies, flying clubs,
lawyers, and others need professional appraisers to aid them in evaluating
aircraft thus leading to an ongoing business as well as a significant income.
You can apply the aviation skills you have developed along with new skills you
will learn in ways that will create real opportunity in aircraft appraisal.
Fees & Membership: The National Aircraft Appraisers Association provides its
services to members only. There is a one time charge for the software application which is
$600.00. Additionally, there is an annual membership dues of $750.00 per year which is the
membership shared cost of operating the Association. This fee includes all of the services
the NAAA provides to its members including the monthly updates of the aircraft
data.
NOTE: The annual dues can be paid by credit card on a monthly basis of $65.00 per month. If the
application for membership is declined the $600.00 software payment will be returned
promptly.
Do You Qualify For Membership?
Our standards require that applicants for membership possess the experience
level outlined in at any one of the fields listed below:
#1. To join NAAA based on Pilot Experience - An applicant must have a
minimum of 1,500
hours total flying time, of which 500 hours is multi-engine time. He/she
must also possess a commercial pilot certificate with instrument and
multi-engine ratings.
A management background in aviation is a plus.
#2. To join NAAA based on Mechanical Experience - An applicant must have
at least two years
as a working A&P mechanic not including time spent in school.
#3. To join NAAA based on Aircraft Sales Experience - An applicant must have
at least three
years experience working as a sales person at a recognized aircraft sales
organization. The experience must be verified in writing by the
organization. Claiming to be a self-employed aircraft broker for three
years does not meet the requirement.
Members from outside the United States are welcome. However, they
must speak, read, and write English.
How do you join NAAA?
To join the National Aircraft Appraisers Association, fill
out the membership application that can be found by clicking on the link
below. Mail it along with your check for $600, Master Card or Visa card
number and expiration date to the address below. If you intend to pay
your dues annually then you must send a check for $1,350 or signify that you
wish to charge the entire amount to your credit card on your application.
There is no charge for applying. If you are not accepted for any reason
your check will be promptly returned and/or your credit card information will
be destroyed.
The National Aircraft Appraisers Association is currently expanding its membership and
we believe once you have sized the market and profit opportunity, you will want to
join us..
Obviously, it is not easy to explain all of the benefits of being a member
of the Association. However, once you study the appraising manual, receive
the software
application, and identify with all of the related material, we feel that you will then
understand the future that is waiting for you in the field of aircraft appraisal. To get started, send in
your membership application today and begin your rewarding new career in aircraft
appraisal.
Levels of Appraisal Excellence:
There are four levels of membership within NAAA. You
will wish to become certified as soon as possible and advance rapidly through
our programs so that you may take advantage of all levels of the appraisal
business within your area.
#1. Member. With that designation you are in a
learning state and only allowed to appraise the smallest aircraft.
#2. Certified Aircraft Appraiser. You receive that
designation once you have completed our Level 1 (Basic Appraisal) course.
You are then authorized to write certified reports on any piston engine
aircraft that are in our databases.
#3. Senior Certified Aircraft Appraiser. You
receive that designation once you have completed our Level 2 (Senior
Appraisal) course. You are then authorized to write certified reports on
any piston or turbine aircraft that are in our databases.
#4. Senior Certified Aircraft Appraiser/USPAP
Endorsed. You receive that designation, the highest level attainable in
appraisal practice, once you have completed our USPAP course. USPAP is
used for work in legal cases and is required by high end financial
institutions who lease or finance large corporate aircraft.
Members are required to know and understand our ethics
guidelines and requirements. To review them please
click here.
Appraising Manual:
The Association has developed a complete on-line appraising manual
which covers in detail every aspect relating to aircraft appraising and
running a business. The manual contains 6 sections that describe the day to
day business processes such as office procedures, filing reports, marketing,
and the appraisal process. The manual gives detailed instructions on
evaluating each of the aircraft components such as: airframe, engines,
avionics, propellers, damage history, paint, interior, airframe and engine
modifications, AD inspection status, etc.
Software Application:
The following is a brief description of the required equipment and the computer
application:
a) Required Equipment
-
Laptop or PC, IBM compatible.
-
Windows 98 or higher operating system
-
8 megabytes hard drive space
-
High quality printer, preferably ink-jet or laser (this is for documentation
and picture quality).
-
Digital Camera
b) Application Description
c) When clicking on each of the above buttons, a screen with a drop down menu opens
allowing you to enter the information. All entries, with the exception of addresses, phone
numbers, etc. are point and click type of entries. For example, clicking on the button
"Aircraft Description" opens a screen which list all of the aircraft
manufacturers. When you click on a specific manufacturer, the screen shows all of the
aircraft models that company manufactured. After selecting the model, then entering the
year, serial number, N number will be entered and so on.
d) The application is written with three specific goals in mind:
-
Ease of use. This application is 100% user friendly. Each screen is
self-explanatory.
-
Quick and fail proof. The application is written in such a way that a minimum amount of
typing is required. Additionally, the computer simply will not allow a report to run
unless all required entry areas are complete. This insures that a mistake by omission
cannot occur.
-
The application is also designed to be used as a selling tool. The ability to take a
laptop into your clients office and demonstrate the appraisal application is indeed
impressive.
If you have any questions, please give us a call.
National Aircraft Appraisers Association.
7 West Square Lake Road
Bloomfield Hills, MI 48302
(248) 758-2333
Career Opportunities Index:
