Legal Archive

Appraisal Practices Board Valuation Advisories on Comparable Properties

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...
August 30, 2013

Appraisal Standards Board Meeting, October 18, 2013

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. Location: Doubletree by Hilton 1515 Rhode Island Avenue, NW Washington, DC 20005 On July 19,...
August 22, 2013

The Right Way to Work with Appraisers

Kudos to Florida REALTOR® magazine for its substantive look at how to deal with appraisal issues that come up during a sale. The article quotes National Association of REALTORS® Real Estate Valuation Committee member Francois “Frank” Gregoire. Gregoire told...

APB Issues Exposure Draft – Valuation of Green Buildings

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...
July 16, 2013

Valuing Energy Efficiency in Appraisal and Underwriting

In March, a joint study by the University of North Carolina at Chapel Hill Center for Community Capital and the Institute for Market Transformation (IMT) found that owners of ENERGY STAR-rated homes are one-third less likely to default on...

10 Tips for Brokers to Help the Appraisal Process

Don’t restrict the appraiser from making an appointment to inspect the property (if your MLS uses an appointment system, use it. You will be notified of the appraiser’s site inspection).  If an appraiser calls, be responsive and provide as...

National Alliance Created to Develop Valuation Education

The Appraisal Foundation Press Release on the Alliance for Valuation Education: April 26, 2013 Contact: Paula Douglas Seidel Executive Administrator The Appraisal Foundation paula@appraisalfoundation.org direct phone 202.624.3048 Washington, DC — The Appraisal Foundation (TAF) and its Sponsoring Organizations have...

Appraisal Subcommittee Hotline is Live (877-739-0096)

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...

The Appraisal Foundation Seeks Candidates for Vacancies

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....
March 19, 2013

Three-for-One Bonus: V2.0 of Appraisal Institute’s ‘Green & Energy Efficient Addendum’ Hits the Street

In 2011 the Appraisal Institute released one work-around to address three major sticking points that have made it difficult to appraise high-performance or “green” homes. The first problem has been that the most important features of these homes are...