Appraisal Foundation

The Appraisal Foundation is a non-profit education foundation organized in 1987 to foster appraisal professionalism through the establishment of uniform standards of professional appraisal practice and qualifications for the state certification and licensing of appraisers.

 

The Appraisal foundation has 19 sponsors which include organizations representing appraisers, users of appraisals, and academia.

 

The board of trustees of the Appraisal Foundation consists of 32 individuals who are responsible for funding and appointment of the members to the Foundation's two independent boards, the Appraisal Standards Board and the Appraiser Qualifications Board.

 

Through the enactment of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), Congress delegated significant responsibility to these boards and gave the Appraisal Subcommittee of the Federal Financial Institution Examination Council authority to monitor and review the practices, procedures, and organizational strategy of The Appraisal Foundation.

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