The Appraisal Foundation (Foundation) is the nation’s foremost authority on the 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. This work advances the profession by ensuring that appraisals are independent, consistent, and objective.
Headquartered in Washington, DC, the Foundation is directed by a Board of Trustees (BOT). The Foundation also ensures that the profession adapts to changing circumstances and continues to move forward through the work of its three independent boards: the Appraisal Practices Board (APB), Appraiser Qualifications Board (AQB), and the Appraisal Standards Board (ASB).
The Appraisal Foundation Values DOE’s Guidelines for Building Science Education
The Appraisal Foundation (TAF) is a private nonprofit organization, authorized by congress and federal law to establish minimum qualifications for appraisers. These qualifications address requirements to attain appropriate licenses and minimum appraisal standards for transactions.
Recently, TAF signed an MOU with DOE to align building science education priorities related to appraisers. Specifically, TAF committed to incorporate DOE’s Guidelines for Building Science Education initiative into their work improving appraisal accuracy and consistency related to green and high performance home features. According to John Brenan, Director of Appraisal Issues, “The heart of what we’re doing with DOE is in the work of our Appraisal Practices Board, in providing voluntary guidance. We want to make sure that appraisers have good access to information on green and high performance home valuation to get up to speed as quickly as possible. We are truly excited to be able to collaborate with DOE on bringing this information to the world of valuation and appraisers.”