The Appraisal Practices Board (APB) of The Appraisal Foundation is seeking valuation professionals for a national talent pool to serve as a resource to the Board as it develops future voluntary guidance on generally recognized valuation methods and techniques.
Under the direction of the APB, those chosen as subject matter experts will research recognized texts, journals, articles, educational offerings and other resources in order to provide voluntary guidance on emerging or complex issues. Subject matter experts are not compensated for their time but are recognized in all guidance issued by the APB, which are known as Valuation Advisories. Examples of adopted Valuation Advisories include:
- Identification of Contributory Assets and Calculation of Economic Rents
- Adjusting Comparable Sales for Seller Concessions
- Residential Appraising in a Declining Market
- Identifying Comparable Properties
- Identifying Comparable Properties in Automated Valuation Models for Mass Appraisal
Topics currently under consideration by the APB include:
- Collection and Verification of Sales Data
- The Valuation of Customer-Related Assets (Business Valuation)
- The Valuation of Green Buildings:
- Background and Core Competency
- Residential Green Buildings
- Non-Residential Green Buildings
- Market Participant Acquisition Premiums (Control Premiums) (Business Valuation)
- Contingent Consideration (Business Valuation)
If you are willing to share your expertise, be part of a broader conversation, and receive recognition for your contributions, click here for an application.
The Appraisal Practices Board (APB) of The Appraisal Foundation has issued solicitations for Subject Matter Experts (SMEs) for The Valuation of Green Buildings – Residential Properties and The Valuation of Green Buildings – Non-Residential Properties. The respective solicitations can be found by clicking on the links below:
The application deadline is February 14, 2014.
Questions? Please contact Staci Steward, Practices Administrator, (202) 624-3052
The Appraisal Standards Board (ASB) has issued January Q&As on the following topics:
- “Verifying” Completion of an Appraisal
- Assignment Results
- Fannie Mae Form 1004
- Use of Certification with Form 1004D/442
- Applicable Edition of USPAP
For questions, please contact Emily Mann, Standards Administrator (202-624-3058).
The Office of the Comptroller of the Currency (OCC) recently updated its guidance to national banks and federal savings associations for assessing and managing risks associated with third-party relationships.
The guidance includes a discussion of comprehensive risk management processes throughout the life cycle of the third-party relationship.
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 firstname.lastname@example.org
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: email@example.com
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.