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Is It Time To Revoke The Appraisal Foundation's Authority

Should the Appraisal Foundation's Private Authority over the Individual States be Revoked?

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I'm not familiar with the specifics of your situation or exactly what you're asking, but I find it difficult to believe that any of the boards at TAF would contact a state appraisal board to sic them on a licensee. For anything other than possibly a violation of the Instructor's contract.

On the other hand, IF they contacted a state board to discuss the implementation or interpretations of the qualifications criteria in the role of being the experts on that material that would actually fit well within their responsibilities. That's a big IF, but it also may not be very far off the mark.

There's a big difference between being the subject matter expert vs telling a board what they must and must not do. I mean, TAF has no regulatory authority and no means of imposing any discipline or sanctions on ANYONE other than the individuals with whom they have contractual relationships. Like their employees, vendors, board members or the USPAP Instructors.

The state boards answer to the ASC, and not even the ASC has a whole lot of options when it comes to dealing with a wayward state appraisal board. That's why some of these states engage in some questionable enforcement activities that are less-than-supported by the laws they administer and the codes those laws have adopted.
 
The ASC can ask ridiculous things however. They wanted Arkansas to revoke the licenses of all the appraisers who claimed experience in Mass Appraisal. That would have resulted in a class action no doubt. Then they wanted them to ignore the states statutes of limitations and change the 3 year SoL to 5 years. Our board cannot and does not adjudicate anything over three years by agreement after settling a lawsuit out of court. The man they settled that lawsuit is currently on the board I believe.
 
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HonoluluJoe said:
Where are all the appraisal companies being represented???

I see a couple residential firms, but no commercial valuation firms.

You are saying these are the entities that elect the boards?
Click to expand...

CLICK the link to AIC
https://netforum.avectra.com/eweb/DynamicPage.aspx?Site=TAF&WebCode=IACMembers


What is the Industry Advisory Council (IAC)?
The IAC is an advisory council which provides for-profit entities an opportunity to provide advice and counsel to The Appraisal Foundation. Members of the IAC include the following types or organizations: lending institutions, accounting firms, appraisal companies, insurers, brokerage firms, pension funds, investment bankers, relocation companies and others with an interest in valuation.

What is the role of the IAC?
The IAC meets three times per year in various locations around the country. Typically, the last formal meeting of the IAC takes place in the Fall in conjunction with the AQB, ASB and the Appraisal Foundation Advisory Council (TAFAC) in Washington, DC. The Chairs of the Appraisal Standards Board (ASB) and the Appraiser Qualifications Board (AQB) provide reports to the IAC and request advice and input.

Additionally, the IAC frequently identifies and recommends candidates to be considered for appointment to the ASB and the AQB. The Council directly appoints two individuals to serve on The Appraisal Foundation Board of Trustees.
 
HonoluluJoe said:
Where are all the appraisal companies being represented???

I see a couple residential firms, but no commercial valuation firms.

You are saying these are the entities that elect the boards?
Click to expand...
I counted 7 commercial firms right off the bat.
 
PL1957 said:
I counted 7 commercial firms right off the bat.
Click to expand...

I meant to write "very few" commercial valuation firms.

I would have guessed that there would be more input from valuation firms, overall.
 
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FROM PRIOR POST> does not say "appoints" Danny. :)

Additionally, the IAC frequently identifies and recommends candidates to be considered for appointment to the ASB and the AQB. The nominess of the IAC members (including Lenders) are "selected", then recommended for approval and appointed. Whether that is a rubber stamp or not remains to be seen.
 
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DWiley said:
It is the Board of Trustees of The Appraisal Foundation that appointments members to the APB, ASB and AQB, not the Industry Advisory Council.
Click to expand...

Does anyone know who these people are? There are a bunch of names there, but no information about who the are. Do they have backgrounds in valuation, or are they real estate folks? Bankers? Attorneys? I presume that if they were proud appraisal folks, they would have links to indicate such. [Information in brackets is from personal research and not found on the page noted below.]

2015 Board of Trustees

Anthony V. (Tony) Aaron, Chair [ASA CFA, FRICS; Ernst & Young LLP, Valuation and Business Modeling (accountant)]
David Layne, Vice Chair
Adam Johnston, Treasurer
Tom Callahan, Secretary
Elizabeth von Habsburg, Immediate Past Chair
David Bunton, President

Debra Asbury
Tom Boyer
Christine Corbin
Drew Dorweiler
Leila Dunbar
Dick Edmunds
Mike Evans
Jeremy Gray
Lisa Hobart
Jane C.H. Jacob
Ronny Johnson
Herb Jourdan
Susan Martins-Phipps
Mark Levine
Tom Munizzo
Lawrence Netterville
Steve Spangle

Source: https://netforum.avectra.com/eweb/DynamicPage.aspx?Site=taf&WebCode=BoardofTrustees
 
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