Appraisal News For Real Estate Professionals

2006/03/31

First 2006 AQB Exposure Draft on Real Property Appraiser Qualification Criteria

The Appraisal Foundation is a non-profit educational organization established in 1987 to foster professionalism in valuation through the establishment and promotion of professional appraisal standards and appraiser qualifications. The Foundation accomplishes its mission through the work of two independent boards, the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). The AQB establishes the minimum education, experience and examination criteria for appraisers and the ASB promulgates the generally accepted standards of the valuation profession. The AQB has just issued its first 2006 AQB Exposure Draft on Real Property Appraiser Qualification Criteria for public comment. The following is from the AQB letter: This Exposure Draft consists of five Interpretations and two Guide Notes applying to the Real Property Appraiser Qualification Criteria. Click here to view complete document. The intent of this document is to obtain comments from appraisers, users of appraisal services, regulators, academicians, and the public. This Exposure Draft includes material addressing issues in both the current and 2008 Real Property Appraiser Qualification Criteria (which become effective on January 1, 2008). Interpretations are essential to a proper understanding of the requirements set forth in the Criteria and as such, are binding upon users of the Criteria. Guide Notes are advisory in nature and are not binding upon users of the Criteria. We encourage all interested parties to respond in writing to the Appraiser Qualifications Board (AQB) of The Appraisal Foundation before the written comment deadline of April 25, 2006. Oral comments will also be accepted at the AQB’s public meeting in Fort Lauderdale, Florida, on May 5, 2006. Interested parties are invited to submit written comments on this Exposure Draft to: AQB Comments, The Appraisal Foundation, 1155 15th Street, NW, Suite 1111, Washington, DC 20005. Comments may also be submitted by facsimile to (202) 347-7727 or via e-mail to comments@appraisalfoundation.org. You can also add your comments online - click here. If you have any questions regarding this Exposure Draft, please contact The Appraisal Foundation at (202) 347-7722.

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