Appraisal Foundation

Appraisal Foundation

An organization that sets standards for property appraisers in the United States. Based in Washington D.C., it seeks to ensure appraisers are qualified and certified and to standardize the criteria appraisers use to estimate the value of properties. It was established in 1989.
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Leadership of the three organizations, Deborah Spanierman (AAA), Linda Trugman (ASA) and Christine Guernsey (ISA), explained in a joint statement, "Our mission is simple, to raise the public awareness of qualification standards for credentialed personal property appraisers who are members of The Appraisal Foundation sponsoring organizations.
AI's testimony also noted concern about some programs and initiatives from The Appraisal Foundation, particularly with the Appraisal Practices Board, which is said to be voluntary but is encouraged by TAF to be codified by state and federal regulators.
The Appraisal Foundation, which oversees standards for the nation's appraisers, has certified Lehigh's program to include 275 of the 300 education hours required to sit for the certified general appraiser national exam.
The Appraisal Foundation is governed by a Board of Trustees, which is charged with the following:
He has been the Appraisal Institute's representative to The Appraisal Foundation Advisory Council, a council made up of appraisal organizations and government agencies that advises the Appraisal Standards Board.
The Appraisal Foundation culminated its 20-year anniversary celebrations with a reception in Washington, D.
Each of these organizations, as well as the Appraisal Foundation, has business valuation standards with which the business appraisers must comply.
Appraisers have their own home on the Web--the Appraisal Foundation, with news about the goings-on at the Appraisal Standards Board, as well as a call for public comments on the board's latest exposure drafts.
WASHINGTON -- The Appraisal Foundation, a congressionally-authorized nonprofit organization that fosters professionalism among appraisers by setting qualifications and standards, elected new Board of Trustees members for 2008 during its recent fall meeting.
Our experience has qualified us to meet the requirements of the Appraisal Foundation, the Internal Revenue Service, lending institutions, and courts of law around the country.
Stephens also told lawmakers that the Appraisal Subcommittee, the federal oversight agency of the real estate valuation profession, "may have exceeded its Congressional authorization" by allowing The Appraisal Foundation to create a new board "with no clear purpose or boundaries.
The Appraisal Foundation and CompuTaught, a leading developer of computer-based real estate education and part of Cengage Learning, have partnered to develop online versions of The Appraisal Foundation's 15-Hour National USPAP Course, 7-Hour National USPAP Update Course and Instructor Recertification Course for individuals who are AQB Certified USPAP Instructors.

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