Leadership of the three organizations, Deborah Spanierman (AAA), Linda Trugman (ASA) and Christine Guernsey (ISA), explained in a joint statement, "Our mission is simple, to raise the public awareness of qualification standards for credentialed personal property appraisers
who are members of The Appraisal Foundation sponsoring organizations.
The storm developed because investors purchased from lenders the right to sue appraisers
over foreclosed mortgages.
In virtually every state represented, these organizations have members on the regulatory boards overseeing appraisers
Prior to the scheduled jury trial to determine final just compensation, IDOT and Raphael both filed motions seeking to bar each other's appraiser
Accreditation as a Certified Business Appraiser
(CBA) is available to those members of the Institute of Business Appraisers
who are able to demonstrate that they have attained a high level of professional competence and conduct.
The principles are intended to promote and support the development of credible appraisals prepared by competent appraisers
for financial institutions and other clients.
The Appraisal Institute, the nation's largest organization of real estate appraisers
, was joined by the American Society of Appraisers
, the American Society of Farm Managers and Rural Appraisers
, and the National Association of Independent Fee Appraisers
in asking Interior Secretary Ken Salazar to select a "strong and competent chief appraiser
170(f)(11) (E)(i) provides that a "qualified appraisal" means an appraisal (1) treated as a qualified appraisal under regulations or other IRS guidance; and (2) conducted by a qualified appraiser
in accordance with generally accepted appraisal standards and any IRS regulations or other guidance.
employ one or more of three approaches to valuing a business: the net asset, income and market approach.
To locate an appraiser
, contact the American Society of Appraisers
based group, which also works to ensure fair lending practices, primarily in low-income, minority neighborhoods, is urging appraisers
, lenders, real estate agents and others involved in home- sale transactions to embrace the idea.
This report examines (1) how HUD ensures that appraisers
it approves are qualified to perform FHA appraisals, (2) the extent to which HUD employs a risk-based monitoring approach, and (3) HUD's efforts to take enforcement action against noncompliant appraisers