Real Estate Appraisal  Promote Your Business
Real Estate Appraisal
Cost Report

A Guide to the Appraisal Foundation

The Appraisal Foundation

The Appraisal Foundation is a non-profit organization that has been authorized by the U.S. Congress to regulate the appraisal industry. It is overseen by the Appraisals Subcommittee of the Federal Financial Institutions Examination Council; however, it is not a government agency. The Appraisal Foundation is tasked with ensuring that all appraisers are equally qualified across every state. They are responsible for setting minimum standards and establishing the criteria and requirements for state certification.

The goal of the foundation is to provide peace of mind to the public by ensuring that all appraisers are well-qualified and professional. The Appraisal Foundation represents all appraisal professionals and those people that enlist their services, but it does not offer any type of membership or designation.

There are three branches of the Appraisal Foundation:

1. Appraisal Practices Board (APB)

- Establishes best practices in the appraisal industry.
- Offers opinions on preferred methodologies.

2. Appraisal Standards Board (ASB)

- Sets standards for completing and reporting appraisals.
- Promotes enforcement of the universal standards.

3. Appraiser Qualification Board (AQB)

- Set standards for licensing and certification nationwide.
- Qualifications measured by experience, education, and examinations.

Keep Reading:

Types of Designations and Certifications for Appraisers

Types of Associations for Appraisers

Be the first to find this article helpful.

About the Author

ProMatcher Staff, ProMatcher
Orlando, FL 32803

If you would like to re-print this article, please contact the author.
Click to Get Quotes
Find Local Appraisers

Related Topics

Appraisal Institute AI-GRS and AI-RRS Designations
Learn more about the Appraisal Institute's designations that incorporate a focus on risk...

Antique Chelsea Clocks: "Timekeepers of the Sea"
A little about antique Chelsea Banjo Clocks which are known as "the timekeepers of the...

What is Wheeling Peachblow?
A little about the mahogany red to lemon yellow lined glass from Wheeling, WVA

Online Home Appraisal Sites
Learn more about online home appraisal tools and their accuracy.

How Much Does a Real Estate Appraisal Cost?
Learn more about the factors that increase and decrease the cost of real estate appraisal.

Click to Get Quotes

Other Related Topics

Home Appraisal vs. Home Inspection
Learn more about the difference between a home appraisal and a home inspection.

Real Estate Appraisal Methodology
Learn more about the three approaches to real estate appraisal: the sales comparison...

8 Home Appraisal Preparation Tips
Learn some helpful tips for preparing for a home appraisal. You want to make sure your...

What is Real Estate Appraisal?
A real estate appraisal is the report compiled by a trained expert that gives an...

A Guide to the Real Estate Counseling Group of America
The Real Estate Counseling Group of America (RECGA) is a small group of distinguished...

Editorial Disclaimer: The views expressed in articles published on this website are those of the authors alone. They do not represent the views or opinions of this website or its staff. The articles on this site do not constitute a recommendation or endorsement with respect to any views, company, or product. Authors affirm that article submissions are their original content or that they have permission to reproduce.

Free Cost Estimates   |   Real Estate Appraisers Directory   |   Real Estate Appraisal Cost Report   |   Free Business Listing

All users of are subject to our terms of use.

Home   |   Articles & Videos   |   Affiliates   |   Networking Groups   |   Search by Category

Terms of Use   |   Privacy   |   Partner Network   |   Your Privacy Choices   |   About Us   |   Contact Us   |   Member Login

©2003-2023 - VentureStreet, LLC

Join Our Business Network