The Appraisal Foundation
Setting Standards for the Valuation Profession
The Appraisal Foundation (TAF) is a resource for appraisers, regulators and consumers.
The organization’s boards are responsible for setting congressionally authorized standards and qualifications for real estate appraisers and providing voluntary guidance for valuation professionals.
- The ASB is responsible for writing, amending and interpreting the Uniform Standards of Professional Appraisal Practice (USPAP).
- Purchase the current version of USPAP directly from TAF.
- Under the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), the AQB establishes the Real Property Appraiser Qualification Criteria.
- This includes the minimum education and experience requirements and the National Uniform Licensing and Certification Exam for obtaining state certification.
- The ASC’s mission is to ensure that real estate appraisers are sufficiently trained and tested to assure competency and independent judgment according to uniform high professional standards and ethics.
- The ASC monitors and reviews the work of The Foundation. The Committee also oversees the states to ensure the minimum qualifying criteria to license and certify real estate appraisers are implemented, and that appraisers are held to a professional set of ethical standards.