This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "The Appraisal Foundation" – news · newspapers · books · scholar · JSTOR(March 2021) (Learn how and when to remove this message)
The Appraisal Foundation (TAF) is the United States organization responsible for setting standards for the real estate valuation profession. The organization sets the congressionally authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals. The aim is to ensure appraisals are impartial, objective and independent, are conducted without bias and are performed in an ethical and competent manner.
The Appraisal Foundation is a non-profit organization established in 1987 by the largest valuation organizations in North America. The foundation was congressionally authorized to develop standards and qualifications for real estate appraisers under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Under this legislation, the foundation is overseen by the Appraisal Subcommittee (ASC), a subcommittee of the Federal Financial Institutions Examination Council (FFIEC).[1][2] The ASC is charged with filing a report to Congress each year, on the activities of TAF.
Real estate appraisal practice in the United States is regulated by the various states and territories. TAF's Appraisal Standards Board (ASB) promulgates and updates best practices as codified in the Uniform Standards of Professional Appraisal Practice (USPAP), and TAF's Appraisal Qualifications Board (AQB) promulgates minimum criteria for appraiser certification and licensing. The federal government does not regulate appraisers directly, the states are responsible for regulating the appraisal profession. The Appraisal Subcommittee (ASC), with members from the major federal lending regulators, monitors and reviews the activities of TAF and oversees the state licensing agencies. If ASC finds that a particular state's appraiser regulation and certification program is inadequate (i.e., it does not meet ASB and AQB standards), it can impose penalties including prohibition of a state's licensed appraisers from performing appraisals for federally related lending transactions.[3] Banks make widespread use of appraisals in their real estate lending activity mortgage loans and mortgage-backed securities.
^Appraisal Subcommittee (ASC), a USA governmental agency
^Federal Financial Institutions Examination Council (FFIEC), a USA governmental agency
^The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure(PDF). United States Department of the Treasury. 2008. pp. 79–80. ISBN 978-016080645-2.
and 26 Related for: The Appraisal Foundation information
TheAppraisalFoundation (TAF) is the United States organization responsible for setting standards for the real estate valuation profession. The organization...
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value)....
representing the major U.S. and Canadian appraisal organizations. As a result of the savings and loan crisis, theAppraisalFoundation (TAF) was formed...
In the field of real estate appraisal, extraordinary assumptions and hypothetical conditions are two closely related types of assumptions that are made...
dispensations. The standards are jointly published by TheAppraisalFoundation and the US Department of Justice (DOJ). The UASFLA provides the following details...
appointed by the Board of Trustees of TheAppraisalFoundation. Activities of the Board are directed by the Chair, who is appointed by the Board of Trustees...
members in 75 countries. The ASA is also one of the eight trade association appraisal groups that founded TheAppraisalFoundation. CBV Institute American...
forms to promote uniformity in the supervision of financial institutions". It also oversees real estate appraisal in the United States. Its regulations...
rural appraisal (PRA) is an approach used by non-governmental organizations (NGOs) and other agencies involved in international development. The approach...
Appraisers TheAppraisalFoundationAppraisal Institute Appraisal Institute of Canada BDO Global Bloomberg L.P. CBV Institute CFA Institute China Appraisal Society...
The sales comparison approach (SCA) is a real estate appraisal valuation method that relies on the assumption that a matrix of attributes or significant...
professional appraisal organizations in the United States and Canada, including theAppraisalFoundation to form the Ad Hoc Committee on the USPAP (Uniform...
approach is a real estate appraisal valuation method used to price an individual property. It is one of three methods, the others being market approach...
served on the Idaho Real Estate Appraisal Board, and theAppraisal Qualification Board of theAppraisalFoundation, which he chaired. He served in the Republican...
an appraisal license, BREA requires applicants to meet all the criteria established by theAppraisal Qualifications Board (AQB) of theAppraisal Foundation...
and reporting standards. Published by theAppraisalFoundation. International Valuation Standards. Published by the International Valuation Standards Council...
agents Texas portal TheAppraisalFoundation "Contact & Agency Info Main Page." Texas Real Estate Commission. March 28, 2021. "What Does The Texas Real Estate...
A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for...
(SCSI) South African Property Owners Association (SAPOA) TheAppraisalFoundation (TAF) The IPMS Coalition website www.ipmsc.org was launched in September...
Modern Godmen in India: A Sociological Appraisal, Mumbai: Popular Prakashan, ISBN 8171547087. Menen, Rajendar (2002), The Miracle of Music Therapy, Pustak Mahal...
April 2016. "'Not fit as captain': Ian Chappell praises Afridi's honest appraisal". Dawn. 26 March 2016. "Waqar Younis blames Shahid Afridi for World Twenty20...
The U.S. National Science Foundation (NSF) is an independent agency of the United States federal government that supports fundamental research and education...
Athletic Foundation" (Press release). Los Angeles: Citizens Savings Athletic Foundation. March 15, 1973. As the result of its 1973 appraisal, the Athletic...
JSTOR 44796510. Archived from the original on August 24, 2017. Gee, John (1999). The Ancient Owners of the Joseph Smith Papyri. Foundation for Ancient Research...
Board of Real Estate Appraisers and as secretary to the board of trustees of theAppraisalFoundation. "State Representative DAVID MATUREN" (PDF). Michigan...
Global Information