Appraisal Foundation Archive

NAR Calls for Implementation of IVPI

On April 6, 2010, the National Association of REALTORS (NAR)® President Vicki Cox Golder sent a letter to Federal Housing Finance Agency (FHFA) Interim Director Edward J. DeMarco asking that the government sponsored enterprises (GSEs), Fannie Mae and Freddie...

Appraisal Foundation FAQs

2010-01: ETHICS RULE – CONDUCT Question: If I have appraised a property multiple times within the previous three years, do I have to disclose the number of appraisal services? (e.g., “I have appraised the subject property three times during...
January 8, 2010

Appraisal Foundation creates Appraisal Practices Board (APB)

The Appraisal Foundation Announces Establishment of New Independent Board Appraisal Practices Board (APB) to Commence Work in July 2010 The appraisal foundation has announced the formation of a new board, the Appraisal Practices Board APB). This board joins the...
November 7, 2009

Appraisal Foundation – October Q&A

Client Request to Limit Scope of Work to New Client Name Question: An appraiser completed an appraisal for Client A. Client B received a copy of the appraisal from Client A and finds it acceptable for their purposes, but...
October 30, 2009

Appraisal Foundation – August Q&A

Application of Appraisal Reporting Requirements Question: If an appraiser is bound by USPAP for a particular assignment, when must the appraiser comply with the USPAP appraisal reporting requirements? Response: Whenever a value opinion is communicated, compliance with USPAP’s appraisal...
August 21, 2009

New Appraisal Products

NAR recently updated it’s frequently asked questions (FAQ) document on the Home Valuation Code of Conduct (HVCC). You can get more information on HVCC at www.realtors.org/hvcc The Appraisal Foundation recently released a new brochure Why Engage A Professional Appraiser?...

2010-2011 USPAP Adopted

The Appraisal Foundation announced changes to the 2010-2011 Uniform Standards of Professional Appraisal Practice (USPAP) at its meetings in New Orleans. The new edition will offer FAQ and advisory opinions, similar to what is in the current edition of...

Appraisal Foundation – February Q&A

QUESTIONS REGARDING 2010-11 REVISIONS TO THE ETHICS RULE The Appraisal Standards Board recently adopted changes to the Conduct section of the ETHICS RULE that will become effective January 1, 2010 for the 2010-11 edition of USPAP. The specific language...

Appraisal Foundation seeks Comments on White Paper

The Appraisal Foundation is looking to write a White Paper on appraisal regulatory reform, and they are seeking your comments. Possible topics for the white paper include: - Implement National Licensing or Registration Requirements for Appraisal Management Companies. -...
February 12, 2009

USPAP Q&A – January 2009

The USPAP Q&A is posted each month on The Appraisal Foundation website. Now, on to the questions… Communicating Confidential Information to a Sworn Peace Officer Question: I was contacted by a sworn peace officer who simply requested the workfile...
January 28, 2009