The Appraisal Foundation Press Release on the Alliance for Valuation Education:
April 26, 2013
Paula Douglas Seidel
The Appraisal Foundation
direct phone 202.624.3048
Washington, DC — The Appraisal Foundation (TAF) and its Sponsoring Organizations have formed a national education partnership, the Alliance for Valuation Education (AVE), an organization dedicated to providing greater availability of consistent, quality valuation education. The AVE will be composed of TAF and 11 of its Sponsoring Organizations (Alliance Sponsors).
“Having these organizations work in collaboration with one another has been an evolutionary process based on their input and recommendations. It just makes sense,” stated Steven Elliott, Chair of TAF’s Board of Trustees. “This is an important and long overdue first step in combining our resources for the benefit of the entire valuation profession,” he added. Elliott went on to say, “A common complaint heard from states over recent years is the lack of available quality educational offerings. It is our hope that the Alliance will reduce an education provider’s cost to develop certain courses, thereby allowing them to focus more on delivering courses in underserved areas.”
The AVE is the result of the work of the National Education Partnership Task Force, which was appointed by TAF’s Board of Trustees in May 2012. The Task Force included representatives from several of TAF’s Sponsoring Organizations as well as the Association of Appraiser Regulatory Officials.
The AVE will be:
- established as a new 501(c)3 not-for -profit organization, separate from TAF and its Sponsoring Organizations. The Appraisal Foundation’s Congressionally authorized Boards, the Appraisal Standards Board and the Appraiser Qualifications Board, will not be involved in the governance or operation of the AVE.
- governed by a seven member Board of Regents appointed by the Alliance Sponsors and TAF. One of the Regent positions will be an elected at-large seat, open to the general public.
- composed of TAF and Sponsoring Organizations of TAF in good standing who elect to become a Sponsor of the Alliance. The Appraisal Foundation Sponsors may elect to not join the AVE.
- a developer of educational materials, but not a presenter of the education. The AVE will be a wholesaler rather than a retailer, using a model similar to what TAF currently utilizes with the National USPAP Courses.
- providing the education materials to all educational providers.
The initial focus will be real property continuing education, with topics possibly drawn from Valuation Advisories issued by the Appraisal Practices Board. The education developed by the AVE will be voluntary; any educational provider will be able to continue to develop similar education and appraisers would not be required to take AVE education.
In the future, the AVE may give consideration to developing other valuation discipline education, including both personal property and business valuation, basic qualifying education for real property appraisers (e.g.Basic Appraisal Principles and Basic Appraisal Procedures) and remedial real property education.
The appointed members of the Board of Regents will be selected by the Alliance Sponsors and the TAF Board of Trustees at their upcoming meetings in May in Savannah, Georgia. The organizational meeting of the AVE Board of Regents will occur this summer and it is anticipated that the first AVE course could be available in the first quarter of 2014.
The Board of Trustees of TAF would like to recognize the members of the National Education Partnership Task Force for their excellent work, dedication to the profession and vision:
National Education Partnership Task Force
- David Layne, Chair
- Charles Blau, National Association of Independent Fee Appraisers
- Don Dorchester, Royal Institution of Chartered Surveyors
- Mike Evans, Board of Trustees, The Appraisal Foundation
- Mark Grace, American Society of Farm Managers and Rural Appraisers
- Heidi Henning, National Association of Realtors
- Don Rodgers, Association of Appraiser Regulatory Officials
- Magdalene Vasquez, Staff Member, The Appraisal Foundation
- Alice Ritter, Appraisal Subcommittee (non-voting observer)
- Ted Freeman, Appraiser Qualifications Board (non-voting observer)