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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



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ProMatcher Staff, ProMatcher
Orlando, FL 32803

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