Elliott
Elite Member
- Joined
- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
"For three (3) years, Respondent shall annually report to HUD, using a unique numeric
identification number for each scholarship awardee, the zip codes of the scholarship
awardees, the amount of scholarship funded for each awardee, the AQB-approved
PAREA program for which the scholarship funded the attendance, and the status of
the awardees’ participation in the PAREA program, as indicated by whether the
awardee successfully completed the PAREA program.
Respondent further agrees that it will contribute a minimum of $560,000 per year (of
either its own funds or funds Respondent raises from or receives from other persons
or entities) to the Scholarship for a total of two (2) years. Respondent further agrees
that it will contribute a minimum of $100,000 in the third year of the Agreement (of
either its own funds or funds Respondent raises from or receives from other persons
or entities) to the Scholarship. In total, Respondent commits to contributing a
minimum of $1.22 million (from its own funds or other sources) to the Scholarship
over the three (3) year period to be utilized to fund the program cost for candidates to
attend AQB-approved PAREA programs. "
AND
Creating a Diversity, Equity, and Inclusion (“DEI”) Special Committee to
promote more diversity in the valuation profession.
Hosting a national symposium on fair and affordable housing and appraisal bias.
Implementing the outside DEI consultant’s recommendations to promote diversity
on The Appraisal Foundation boards.
Pursuing initiatives with Historically Black Colleges and Universities (“HBCU”),
Hispanic-Serving Institutions (“HSI”), and educational institutions that attract
veterans to create educational programs for aspiring appraisers.
Sponsoring the Appraiser Diversity Initiative, which supports outreach efforts of
the Urban League, Fannie Mae, Freddie Mac, and the Appraisal Institute to attract
new entrants to the residential appraisal field, foster diversity, and assist with
education, training, and experience.
Creating a pathway to become an appraiser and reach the certified appraiser level
of credential that does not require a college degree.
Developing a White Paper, in conjunction with subject matter experts, on
Reconsideration of Value that offers proposed best practices for those who wish
to build a more relationship-driven and consistent method.
Creating the Council to Advance Residential Equity that brings previously
unrecognized stakeholders with a mission of civil rights, fair housing, or
consumer advocacy to the table to provide input on proposed changes to standards
and qualifications.
Instituting a new process for the public to submit comments, questions, and
requests for the boards on any topic at any time.
Adopting the 2024 edition of the Uniform Standards of Professional Appraisal
Practice (USPAP) which includes a new Nondiscrimination section of the Ethics
Rule drafted in consultation with fair housing law firm Relman Colfax PLLC,
making it clear that appraisers cannot act with bias and must adhere to all relevant
fair housing laws.
Including case studies in the 2024-2025 7-Hour National USPAP Update Course
aligned with the new Nondiscrimination section of the Ethics Rule, written in
consultation with Relman Colfax.
Adopting and promoting a new, technology-based pathway for aspiring appraisers
to obtain experience credit towards fulfilling the experience qualification criteria
for becoming an appraiser called the Practical Applications of Real Estate
Appraisal program (“PAREA”).
Supporting the approval of the PAREA modules as a simulated training
alternative for aspiring appraisers to fulfill their experience requirements in 48
states and counting.
Funding the development of a PAREA module through the Pathways to Success
Initiative that prioritizes serving aspiring appraisers who are people of color,
veterans, or those who wish to work in underserved communities.
Adopting changes to the Real Property Appraisal Qualification Criteria that
requires valuation bias and fair housing laws and regulations education for
incoming and existing credential holders.
Designing resources for consumers to learn more about the appraisal process and
how to proceed if they need to make a complaint.
Making significant changes to the Board of Trustees governance structure that
includes expanded public interest seats and the separation of financial support
from trustee appointment authority, with specific composition goals that include
consumer, fair housing, and civil rights advocates; and
Undertaking a second demographic survey of the profession to inform a
longitudinal study on diversity across the appraisal profession.
5. Respondent avers that it has not violated the Act nor engaged in any discrimination on
the basis of race, national origin, nor any other prohibited basis, and confirms its
position that the Appraiser Qualification Criteria does not violate and has not caused a
violation of the Fair Housing Act.
appraisalfoundation.sharefile.com
Just imagine what would happen if an appraiser actually did something wrong.
identification number for each scholarship awardee, the zip codes of the scholarship
awardees, the amount of scholarship funded for each awardee, the AQB-approved
PAREA program for which the scholarship funded the attendance, and the status of
the awardees’ participation in the PAREA program, as indicated by whether the
awardee successfully completed the PAREA program.
Respondent further agrees that it will contribute a minimum of $560,000 per year (of
either its own funds or funds Respondent raises from or receives from other persons
or entities) to the Scholarship for a total of two (2) years. Respondent further agrees
that it will contribute a minimum of $100,000 in the third year of the Agreement (of
either its own funds or funds Respondent raises from or receives from other persons
or entities) to the Scholarship. In total, Respondent commits to contributing a
minimum of $1.22 million (from its own funds or other sources) to the Scholarship
over the three (3) year period to be utilized to fund the program cost for candidates to
attend AQB-approved PAREA programs. "
AND
Creating a Diversity, Equity, and Inclusion (“DEI”) Special Committee to
promote more diversity in the valuation profession.
Hosting a national symposium on fair and affordable housing and appraisal bias.
Implementing the outside DEI consultant’s recommendations to promote diversity
on The Appraisal Foundation boards.
Pursuing initiatives with Historically Black Colleges and Universities (“HBCU”),
Hispanic-Serving Institutions (“HSI”), and educational institutions that attract
veterans to create educational programs for aspiring appraisers.
Sponsoring the Appraiser Diversity Initiative, which supports outreach efforts of
the Urban League, Fannie Mae, Freddie Mac, and the Appraisal Institute to attract
new entrants to the residential appraisal field, foster diversity, and assist with
education, training, and experience.
Creating a pathway to become an appraiser and reach the certified appraiser level
of credential that does not require a college degree.
Developing a White Paper, in conjunction with subject matter experts, on
Reconsideration of Value that offers proposed best practices for those who wish
to build a more relationship-driven and consistent method.
Creating the Council to Advance Residential Equity that brings previously
unrecognized stakeholders with a mission of civil rights, fair housing, or
consumer advocacy to the table to provide input on proposed changes to standards
and qualifications.
Instituting a new process for the public to submit comments, questions, and
requests for the boards on any topic at any time.
Adopting the 2024 edition of the Uniform Standards of Professional Appraisal
Practice (USPAP) which includes a new Nondiscrimination section of the Ethics
Rule drafted in consultation with fair housing law firm Relman Colfax PLLC,
making it clear that appraisers cannot act with bias and must adhere to all relevant
fair housing laws.
Including case studies in the 2024-2025 7-Hour National USPAP Update Course
aligned with the new Nondiscrimination section of the Ethics Rule, written in
consultation with Relman Colfax.
Adopting and promoting a new, technology-based pathway for aspiring appraisers
to obtain experience credit towards fulfilling the experience qualification criteria
for becoming an appraiser called the Practical Applications of Real Estate
Appraisal program (“PAREA”).
Supporting the approval of the PAREA modules as a simulated training
alternative for aspiring appraisers to fulfill their experience requirements in 48
states and counting.
Funding the development of a PAREA module through the Pathways to Success
Initiative that prioritizes serving aspiring appraisers who are people of color,
veterans, or those who wish to work in underserved communities.
Adopting changes to the Real Property Appraisal Qualification Criteria that
requires valuation bias and fair housing laws and regulations education for
incoming and existing credential holders.
Designing resources for consumers to learn more about the appraisal process and
how to proceed if they need to make a complaint.
Making significant changes to the Board of Trustees governance structure that
includes expanded public interest seats and the separation of financial support
from trustee appointment authority, with specific composition goals that include
consumer, fair housing, and civil rights advocates; and
Undertaking a second demographic survey of the profession to inform a
longitudinal study on diversity across the appraisal profession.
5. Respondent avers that it has not violated the Act nor engaged in any discrimination on
the basis of race, national origin, nor any other prohibited basis, and confirms its
position that the Appraiser Qualification Criteria does not violate and has not caused a
violation of the Fair Housing Act.
ShareFile
appraisalfoundation.sharefile.com
https://www.prnewswire.com/news-rel...-conciliation-agreement-signed-302194723.html
Just imagine what would happen if an appraiser actually did something wrong.
