Epley was an elected trustee to the
Appraisal Foundation, where he was chair of publications and a member of the Executive Committee.
Chris Rosenthal, director and leader of the disputes, forensic and valuation services practice at public accounting and business consulting firm Ellin & Tucker, was elected chair of the Business Valuation Resource Panel with The
Appraisal Foundation, the nation's foremost authority on the valuation profession.
Along with her significant appraisal experience, Viggiano is an adjunct instructor, New York University, Schack Institute of Real Estate, on the subject of real estate valuation modeling & feasibility analysis; an instructor for the Appraisal Institute and
Appraisal Foundation; and is a qualified expert witness.
Griscom served as a Senior Instructor for the International Association of Assessing Officers and was a certified instructor by the
Appraisal Foundation for licensing and setting appraisal standards.
HB 1730, signed March 21, eliminates the requirement that all five individuals on the Arkansas Appraiser Licensing and Certification Board be "members in good standing of one of The
Appraisal Foundation member organizations." Instead, individuals are required to be "members in good standing of a state chapter of a nationally recognized real estate appraisal organization that requires an individual to have qualified appraisal experience, education and testing to become a designated member and to adhere to standards of professional practice to maintain the designation, or the Association of Consulting Foresters of America, Inc., Arkansas Chapter."
appraisers, the Uniform Standards of Professional Appraisal Practice (USPAP), developed by the congressionally chartered
Appraisal Foundation, Washington, D.C., provide guidelines.
The
Appraisal Foundation is governed by a Board of Trustees, which is charged with the following:
Beyond the timeline of testing and results thereof, another aspect that the Appraisal Institute is monitoring is which states will pass legislation that allows for a practicum course to be used toward experience hours, as has been recommended by the AQB in Guide Note 4, which can be found on The
Appraisal Foundation Web site at www.appraisalfoundation.org/s_appraisal/bin.asp?CID=76&DID=996&DOC=FILE.PDF.
170(f)(11)), and is conducted by a qualified appraiser in accordance with generally accepted appraisal standards (e.g., the appraisal is consistent with the substance and principles of the Uniform Standards of Professional Appraisal Practice, as developed by the Appraisal Standards Board of the
Appraisal Foundation).
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.
