The Appraisal Practices Board - Appraisers Blogs https://appraisersblogs.com/category/appraisal-organizations/the-appraisal-practices-board/ Appraisal News and Tips for Real Estate Appraisers Wed, 18 Oct 2023 06:27:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 The Appraisal Practices Board - Appraisers Blogs https://appraisersblogs.com/category/appraisal-organizations/the-appraisal-practices-board/ 32 32 52046035 Baby or Bath Water? And Is it Time to Take Back USPAP? https://appraisersblogs.com/time-2-reclaim-uspap/ https://appraisersblogs.com/time-2-reclaim-uspap/#comments Fri, 24 Feb 2017 13:30:02 +0000 http://appraisersblogs.com/?p=13278 About half of AICPA members don’t believe in USPAP… When I first heard that “they” were trying to do away with the Appraisal Practices Board (APB) of the Appraisal Foundation (TAF), I tried to keep an open mind. I also wondered who “they” are. Did the Appraisal Institute (AI) finally get a sympathetic ear in Congress? Was it preemptive action by the Board of Trustees in anticipation of budget cuts by the new administration? By the way, what does the APB do? I certainly had it wrong. I thought they helped develop the Advisory Opinions (AOs)! To be candid the...

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]]> https://appraisersblogs.com/time-2-reclaim-uspap/feed/ 31 13278 AI’s Effort to Eliminate the ASC! https://appraisersblogs.com/AI-effort-2-eliminate-ASC https://appraisersblogs.com/AI-effort-2-eliminate-ASC#comments Wed, 22 Feb 2017 13:30:40 +0000 http://appraisersblogs.com/?p=13263 Refocused effort to eliminate the ASC… Why? It’s now much more than rumor. There is a concerted effort to eliminate not just the Appraisal Practices Board (APB) which was the Appraisal Institute’s original target, but now a refocused effort to eliminate the Appraisal Subcommittee (ASC) itself! Think about that folks. What started as a partisan effort to lay ground work for the eventual elimination of Dodd-Frank has quickly morphed into a behind the scenes opportunistic all out push to eliminate the ASC too! It’s no secret among regular Appraisal Institute (AI) members or non AI appraisers that have listened to...

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]]> https://appraisersblogs.com/AI-effort-2-eliminate-ASC/feed/ 38 13263 Congress, Please…No More Cash for FNMA Clunkers! https://appraisersblogs.com/congress-kill-cash-FNMA-clunkers https://appraisersblogs.com/congress-kill-cash-FNMA-clunkers#comments Fri, 17 Feb 2017 13:30:37 +0000 http://appraisersblogs.com/?p=13219 Congress, cut FNMA loose from conservatorship and let them sink or swim… Every day I tend to agree more and more that we are facing an uphill battle against corporate America. Then I remember that as a former Marine, I’m supposed to be ‘ok’ with uphill battles. We make do with what we have, not necessarily what we want or need. Add to this most, if not all of our Congress from both Senate and House. Some isolated exceptions but most either don’t care or encourage the weaknesses in the financial system for their own gain. There is a reason...

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]]> https://appraisersblogs.com/congress-kill-cash-FNMA-clunkers/feed/ 7 13219 APB Focus Group Interested in Your Input https://appraisersblogs.com/APB-focus-group-seeking-appraisers-input https://appraisersblogs.com/APB-focus-group-seeking-appraisers-input#comments Thu, 09 Feb 2017 13:30:21 +0000 http://appraisersblogs.com/?p=13179 What is the goal of the Focus Group? Appraisers, Please read the memo below from a member of the Appraisal Practices Board. The Board is meeting FEBRUARY 23, 2017 in Torrance, California. They are sincerely interested in appraisers written input. It doesn’t have to be a formal letter. Jot down some thoughts and views in your email and either send it to the APB, Mrs. Desmarais, Vice Chair of APB (lap…@comcast.net), or if you prefer send to me (m…@mfford.com) with subject line “Forward to TAF/APB” or something similar. Please try to get comments in by 02/22/2017. The original agenda has...

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]]> https://appraisersblogs.com/APB-focus-group-seeking-appraisers-input/feed/ 8 13179 TAF Suspends Most APB Operations https://appraisersblogs.com/TAF-suspends-APB-operations https://appraisersblogs.com/TAF-suspends-APB-operations#comments Fri, 27 Jan 2017 13:30:42 +0000 http://appraisersblogs.com/?p=13116 APB was based on the housing crisis of 2008… Appraisers, The news release below was issued on Jan. 26, 2017. I for one, appreciate what’s been done so far by the Appraisal Practices Board to help define and explain certain aspects of our work, and make those items available to anyone who wanted to download their advisories. I am also of the opinion that the initiation of the APB was one of the elements that lead to the Appraisal Institute resigning from The Appraisal Foundation, an action that was not entirely positive for AI members, or the ‘image’ of AI...

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]]> https://appraisersblogs.com/TAF-suspends-APB-operations/feed/ 6 13116 AI Current Path is a Serious Issue for ALL Appraisers https://appraisersblogs.com/ai-failing-real-estate-appraisal-industry https://appraisersblogs.com/ai-failing-real-estate-appraisal-industry#comments Mon, 12 Dec 2016 13:30:01 +0000 http://appraisersblogs.com/?p=12966 Time for the AI to cooperate with real estate appraisal state coalitions…? Is it finally time for the AI to cooperate with other respected professional peer organizations and state coalitions? Please read the following article by Jonathan Miller, titled “Sadly, The Appraisal Institute is now working against its local chapters“, to see what AI insiders views are about the relevance of the AI’s current path. While my intent is not to take cheap potshots at the AI, I do find it odd that the same organization that repeatedly testifies in public that it represents the interests of all appraisers in...

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]]> https://appraisersblogs.com/ai-failing-real-estate-appraisal-industry/feed/ 7 12966 The Partisan Battle to Eliminate Dodd Frank https://appraisersblogs.com/dodd-frank-useless-supporting-appraisers https://appraisersblogs.com/dodd-frank-useless-supporting-appraisers#comments Mon, 05 Dec 2016 13:30:38 +0000 http://appraisersblogs.com/?p=12931 Dodd Frank created the illusion… I had a different “take away” from the Housing and Insurance Subcommittee “Modernizing Appraisals” hearing. My impression was that there were two simultaneous hearings by the same people in the same place. There was the actual televised hearing with disparate prepared speeches, and then there was the real underlying reason for the hearing. The partisan battle to eliminate Dodd Frank. I try very hard to take a non partisan approach to the issues facing appraisers when writing about or for the American Guild of Appraisers (AGA). Obviously AGA is a union organization, though as I’ve...

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]]> https://appraisersblogs.com/dodd-frank-useless-supporting-appraisers/feed/ 15 12931 Board Member Says ‘Squeaky Wheel Gets the Grease’ https://appraisersblogs.com/apb-board-says-squeaky-wheels-gets-greased https://appraisersblogs.com/apb-board-says-squeaky-wheels-gets-greased#comments Thu, 04 Feb 2016 13:30:05 +0000 http://appraisersblogs.com/?p=10449 Board Members reported a shortage of individual appraisers offering suggestions, complaints and concerns… Legitimate ‘complaints’ should never be referred to as whining by any professional in my opinion. To do so diminishes the importance of the concerns being addressed. I attended the Las Vegas Public Hearing of the The Appraisal Foundation (TAF) / Appraisal Practices Board (APB) last Friday. No Appraisers Guild or member funds were used in any way for this. There was lots of good information. Board Members reported that there really is a shortage of individual appraisers offering suggestions, complaints and concerns to them as a Board,...

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]]> https://appraisersblogs.com/apb-board-says-squeaky-wheels-gets-greased/feed/ 2 10449 Fannie Re-Evaluating Your Adjustments & VA Hiring Appraisers https://appraisersblogs.com/appraisal/va-hiring-appraisers-and-fannie-mae-re-evaluating-you-based-on-your-adjustments/ https://appraisersblogs.com/appraisal/va-hiring-appraisers-and-fannie-mae-re-evaluating-you-based-on-your-adjustments/#comments Mon, 18 Aug 2014 12:30:54 +0000 http://appraisersblogs.com/?p=6478 Fannie Mae’s Murphy stated that over the past year, the GSE had been focusing on “quality” and “condition” ratings of comps used in multiple appraisals by the same appraiser and found many cases where the appraiser has changed the quality and/or condition ratings on the same comparable from appraisal to appraisal. Now, based on the examination of the Uniform Appraisal Dataset (UAD) data, Fannie Mae’s focus for the next 12 months will be on adjustments. The data indicates that many appraisers are not using...

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]]> https://appraisersblogs.com/appraisal/va-hiring-appraisers-and-fannie-mae-re-evaluating-you-based-on-your-adjustments/feed/ 1 6478 Appraisal Practices Board: A Free Resource for Appraisers https://appraisersblogs.com/appraisal/appraisal-practices-board-a-free-resource-for-appraisers/ https://appraisersblogs.com/appraisal/appraisal-practices-board-a-free-resource-for-appraisers/#respond Tue, 24 Jul 2012 12:30:29 +0000 http://appraisersblogs.com/?p=3148 The genesis of the Appraisal Practices Board was the collapse of the housing market in 2008… Congressional Hearing Provides Opportunity to Clarify Purpose – FOR IMMEDIATE RELEASE June 29, 2012. Washington, DC – The Appraisal Foundation (TAF), a non-profit education organization dedicated to professional valuation, testified yesterday before the U.S. House of Representatives, Committee on Financial Services, Subcommittee on Insurance, Housing and Community Opportunity. The hearing, entitled Appraisal Oversight: The Regulatory Impact on Consumers and Businesses, focused on the Appraiser Regulatory System in place today and whether there is need for modifications or improvement of this system. One issue discussed...

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]]> https://appraisersblogs.com/appraisal/appraisal-practices-board-a-free-resource-for-appraisers/feed/ 0 3148 Residential Appraising in a Declining Market https://appraisersblogs.com/appraisal/apb-valuation-advisory-3-residential-appraising-in-a-declining-market/ https://appraisersblogs.com/appraisal/apb-valuation-advisory-3-residential-appraising-in-a-declining-market/#respond Wed, 16 May 2012 12:30:24 +0000 http://appraisersblogs.com/?p=2829 APB Valuation Advisory #3: Residential Appraising in a Declining Market The Appraisal Foundation is pleased to announce that the Appraisal Practices Board (APB) has adopted “APB Valuation Advisory #3: Residential Appraising in a Declining Market.” The APB is an independent Board of The Appraisal Foundation, which is responsible for developing voluntary guidance on recognized valuation methods and techniques. APB Valuation Advisory #3: Residential Appraising in a Declining Market, includes guidance on: How Should an Appraiser Define a Declining Market? What Databases are Available to Support a Market Trend Conclusion? What are Some Alternative Value Definitions? Defining a Market vs. a...

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]]> https://appraisersblogs.com/appraisal/apb-valuation-advisory-3-residential-appraising-in-a-declining-market/feed/ 0 2829 TAF Response RE Gag Rule https://appraisersblogs.com/appraisal/taf-response-to-columbia-institute-evip-appraisal-news/ https://appraisersblogs.com/appraisal/taf-response-to-columbia-institute-evip-appraisal-news/#respond Thu, 12 Apr 2012 13:00:26 +0000 http://appraisersblogs.com/?p=2659 TAF Response to Columbia Institute eVIP Appraisal News April 6, 2012, Mr. George Harrison, The Columbia Institute Dear Mr. Harrison: This is regarding an item that appeared in the “Ask George” column in the April 2 edition of eVIP Appraisal News. The question and answer relates to Appraisal Sponsors of The Appraisal Foundation apparently being under some type of constraint regarding freedom of expression. You have made a similar claim in a previous column and we thought that it was time to correct the record. You state that “The Appraisal Foundation has a restriction clause – gag rule – in its...

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]]> https://appraisersblogs.com/appraisal/taf-response-to-columbia-institute-evip-appraisal-news/feed/ 0 2659 TAF Receives High Marks in GAO Survey https://appraisersblogs.com/appraisal/the-appraisal-foundation-receives-high-marks-in-gao-survey/ https://appraisersblogs.com/appraisal/the-appraisal-foundation-receives-high-marks-in-gao-survey/#respond Wed, 08 Feb 2012 12:00:34 +0000 http://appraisersblogs.com/?p=2212 FOR IMMEDIATE RELEASE – February 2, 2012 Contact: Paula Douglas Seidel, Executive Administrator, The Appraisal Foundation Washington, DC — A recent survey conducted by the Government Accountability Office (GAO) of state appraiser regulatory programs has produced high marks for The Appraisal Foundation regarding its effectiveness in issuing appraisal standards and appraiser qualifications. The survey, which was performed in conjunction with the GAO study issued last month entitled “Real Estate Appraisals: Appraisal Subcommittee Needs to Improve Monitoring Procedures,” contained 65 questions relating to the effectiveness of the current real property appraiser regulatory system. In addition to the effectiveness of the Foundation,...

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]]> https://appraisersblogs.com/appraisal/the-appraisal-foundation-receives-high-marks-in-gao-survey/feed/ 0 2212 Exposure Draft: Adjusting Comparable Sales for Seller Concessions https://appraisersblogs.com/appraisal/exposure-draft-adjusting-comparable-sales-for-seller-concessions/ https://appraisersblogs.com/appraisal/exposure-draft-adjusting-comparable-sales-for-seller-concessions/#comments Wed, 05 Oct 2011 11:36:45 +0000 http://appraisersblogs.com/?p=1332 The best way for valuation professionals and the public to make a difference in their profession is to offer comments to the Boards of The Appraisal Foundation when exposure drafts are released for comment. The Appraisal Practices Board (APB) has recently released its first Exposure Draft entitled Adjusting Comparable Sales for Seller Concessions. All interested parties are encouraged to comment in writing to the APB before the comment deadline of December 2, 2011. Written comments on this Exposure Draft can be submitted by mail, email and facsimile: Mail: Appraisal Practices Board The Appraisal Foundation 1155 15th Street NW, Suite 1111...

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