The Appraisal Standards Board (ASB) has issued a new USPAP Q&A on the Appraisal Foundation website:
Questions? Please contact Emily Mann, Standards Administrator, at email@example.com
The Appraisal Foundation has drafted a white paper on Alternative Valuation Products and the Uniform Standards of Professional Appraisal Practice (USPAP).
The white paper is intended to provide information to assist appraisers, users of appraisal services, and others, with a greater understanding of Alternative Valuation Products and their use in the marketplace. The paper also attempts to view these products in light of an appraiser’s USPAP obligations.
Comment Deadline: December 31, 2013
Send Comments to: firstname.lastname@example.org
Respondents should be assured that each comment will be thoroughly read and considered.
The Appraisal Foundation announced that the Appraisal Practices Board (APB) has adopted the following Valuation Advisories:
APB Valuation Advisory #4: Identifying Comparable Properties
APB Valuation Advisory #5: Identifying Comparable Properties in Automated Valuation Models for Mass Appraisal
The APB is an independent Board of The Appraisal Foundation, which is responsible for developing voluntary guidance on recognized valuation methods and techniques.
Questions? Please contact Staci Steward, Practices Administrator, at 202.624.3052.
The next public meeting of the Appraisal Standards Board will be held on Friday, October 18, 2013 from 9:00am to 12:00pm in Washington, DC.
Doubletree by Hilton
1515 Rhode Island Avenue, NW
Washington, DC 20005
On July 19, 2013 the Appraisal Standards Board (ASB) held a public hearing on the future direction of the Uniform Standards of Professional Appraisal Practice (USPAP). The ASB heard oral testimony on the direction of USPAP from a total of 20 individuals representing five different panels, including Federal Government Agencies, State Appraiser Regulators, Appraiser Organizations, Users of Appraisal Services, and Litigators and Litigation Appraisers.
The ASB received valuable feedback from the panelists and seeks continued input regarding the future direction of USPAP. The ASB would like to discuss next steps, as well as give a detailed overview of the feedback that was received, including topics on:
• USPAP educational needs an the practical application of USPAP
• Need for new and revised definitions
• Possible changes to the RECORD KEEPING RULE
• Drafts, Interim Communications, and Revised Reports
Please Note: In an effort to “go green,” The Appraisal Foundation will be posting all pertinent meeting material on its website for downloading. Registered meeting participants may print their own copies if desired. Please do not rely on TAF to provide copies of all meeting information.
You may make a reservation with the Doubletree by Hilton by contacting them directly at (202) 232-7000. Please note that The Appraisal Foundation no longer reserves “room blocks” for meeting attendees. Therefore, meeting attendees are responsible for making their own lodging arrangements at the best available rates.
The Appraisal Practices Board (APB) has issued the following exposure draft:
First Exposure Draft – Valuation of Green Buildings: Background and Core Competency
Issued on July 15, 2013
Written comments requested by September 20, 2013
Send comments to: APBcomments@appraisalfoundation.org
DEADLINE APPROACHING: August 1, 2013
FOR IMMEDIATE RELEASE
July 11, 2013
Paula Douglas Seidel
The Appraisal Foundation
direct phone 202.624.3048
Washington, DC– The Appraisal Foundation has begun its annual search for qualified candidates to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). There are three vacancies on the AQB and two vacancies on the ASB. Completed applications for these vacancies must be received by August 1, 2013.
Background and Qualifications:
The Appraiser Qualifications Board (AQB) is responsible for setting minimum qualification criteria for state licensure and certification of real estate appraisers and has established voluntary qualification criteria for personal property appraisers. Familiarity with appraiser qualifications is a prerequisite of service on the AQB, and a minimum of ten years of appraisal experience is required. The AQB meets up to three times per year for approximately six days in total and individuals serving on the board are compensated for their time and reimbursed for travel expenses. Those selected for AQB positions will serve a term of up to three years commencing January 1, 2014.
The Appraisal Standards Board (ASB) is charged with developing, interpreting and amending the Uniform Standards of Professional Appraisal Practice (USPAP). Familiarity with USPAP is a prerequisite of service on the ASB, and a minimum of ten years of appraisal experience is required. The ASB meets up to four times per year for approximately ten days in total and individuals serving on the board are compensated for their time and are reimbursed for travel expenses. Those individuals selected for a position on the ASB will serve a term of up to three years commencing January 1, 2014.
How to Apply:
Applications for the positions outlined above are now available on-line at The Appraisal Foundation’s website at: https://appraisalfoundation.sharefile.com/d/s90875a8647946a9a.
If you would like to request an application via email or if you have questions, please feel free to contact Arika Cole (email@example.com). When requesting information on the applications via e-mail, please use the phrase “2013 AQB/ASB APPLICATION REQUEST” in the subject line, and please include your full name, email address and phone number.
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)
The Hotline is an information resource to help complainants determine the appropriate legal authority to receive their complaint involving allegations of non-compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) or appraisal independence requirements.
How it works:
You may contact the Hotline through the website, email, or call center. The Hotline provides referral information to complainants based on responses to a series of questions and drop-down menu selections. The complainant is provided with agency contact information for filing of a complaint. The website also offers tools and resources to enable complainants to determine the nature of their complaint, as well as other helpful information. If you seek to file a complaint against more than one party, proceed with a separate referral request for each party.
Access the Hotline at:
Toll free number: 877-739-0096
From the Appraisal Foundation:
The Appraisal Foundation is conducting its annual search for qualified candidates to serve on the Appraisal Practices Board and the Board of Trustees. The deadline for completed applications is fast approaching on April 2, 2013.
Details for each are outlined below. Please note, however, that an individual may submit an application for the Appraisal Practices Board or the Board of Trustees, but not both boards at this time.
Appraisal Practices Board
There are four vacancies on the Appraisal Practices Board (APB). The APB is charged with the responsibility of issuing voluntary guidance on recognized valuation methods and techniques, which may apply to all disciplines within the appraisal profession. The APB meets periodically through WebEx meetings and conference calls. In addition to these calls, there may be one to two in-person meetings each year. Individuals serving on the board are compensated for their time and reimbursed for travel expenses. Those selected for APB positions will serve a one-, two-, or three-year term commencing on July 1, 2013.
Board of Trustees
The Board of Trustees of The Appraisal Foundation is charged with funding the work of and appointing members to the APB, AQB and ASB, as well as providing oversight of these three Boards. The Board of Trustees meets twice a year, in the spring and fall. Trustees are reimbursed for travel expenses and are not compensated for their time. The individuals selected for positions on the Board of Trustees will serve three-year terms commencing January 1, 2014.
Questions? Please contact Arika Cole, councils administrator, at firstname.lastname@example.org.
The next public meeting of the Appraisal Practices Board (APB) is approaching. Please take the time to register for this meeting if you plan to attend.
Friday, April 26, 2013
9:00 a.m. – 12:00 p.m.
The Sheraton Austin at the Capitol
701 East 11th Street
Austin, TX 78701
The purpose of the APB is to issue voluntary guidance on recognized valuation methods and techniques in the marketplace. This guidance is designed to be of assistance to appraisers, appraiser regulators and educators.
The following topics are on the Board’s meeting agenda:
• Identifying Comparable Properties
• Appraising Green Buildings – Background Competence
• VFR WG 2: The Valuation of Customer-Related Assets
• VFR WG 3: Control Premiums for Financial Reporting
• VFR WG 4: Contingent Consideration
You may make a reservation with The Sheraton Austin at the Capitol, 701 East 11th Street, Austin, TX 78701 by contacting them directly at (512) 478-1111. Please note that The Appraisal Foundation no longer reserves “room blocks” for meeting attendees. Therefore, meeting attendees are responsible for making their own lodging arrangements at the best available rates.
SRAG Meeting: As announced separately, following the APB public meeting, the State Regulator Advisory Group (SRAG) meeting will be held on Friday, April 26, 2013, at the Sheraton Austin Hotel at the Capitol from 1:00 p.m. to 5:00 p.m.
Note to State Appraiser Regulators: The Association of Appraiser Regulatory Officials (AARO) Spring Conference will also be held April 27-29, 2013, at a different venue. The AARO conference will be held at the Austin Omni Hotel located at 700 San Jacinto at 8th Street, Austin, TX 78701.
Your online registration will assure proper seating at the meeting.
Practices Administrator: Staci Steward, 202-624-3052, email@example.com