The Appraisal Foundation (TAF) has begun its annual search for qualified candidates to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). The AQB is responsible for establishing the minimum education, experience and examination qualification criteria for real estate appraisers, TAF announced in a release.
Also, the AQB sets the minimum requirements for real estate appraisers to maintain their state credential. The qualification criteria are the minimum criteria that real property appraisers must meet to become state licensed or certified. It also sets the minimum requirements for personal property appraisers, and adherence to the personal property criteria is mandatory for Foundation Sponsors who confer personal property designations.
Familiarity with appraiser qualifications is a prerequisite of service on the AQB, and a minimum of 10 years of appraisal experience is required.
The ASB is charged with developing, interpreting and amending the Uniform Standards of Professional Appraisal Practice (USPAP), making familiarity with USPAP also a prerequisite of service on the ASB.
The AQB and ASB have up to four face-to-face meetings per year. In-person meetings typically consist of one and one-half days of work sessions and a half-day public meeting.
In months when the boards do not meet in-person, they conduct web or teleconference meetings. Individuals serving on the boards are compensated for their time and are reimbursed for travel expenses. Those individuals selected for a position on the AQB or ASB will serve initial terms of one to three years commencing Jan. 1, 2018, the release said.
Business leaders from a variety of disciplines and backgrounds are being sought for these open positions. The application deadline is Aug. 21, 2017.
To apply, click here to complete an online application. For additional information, contact Arika Cole at: [email protected] or 202-624-3072.