The Appraisal Practices Board (APB) of The Appraisal Foundation is seeking valuation professionals for a national talent pool to serve as a resource to the board as it develops future voluntary guidance on generally recognized valuation methods and techniques.
“The idea of having a vast array of talent available as a resource for the board just makes sense,” said Rick Baumgardner, chair of the APB. “We hope to identify hundreds of qualified people with specific areas of expertise and intend to use them individually as subject matter experts and collectively as a sounding board for future topics for board consideration.”
Under the direction of the APB, those chosen as subject matter experts will research recognized texts, journals, articles, educational offerings and other resources in order to provide voluntary guidance on emerging or complex issues. Subject matter experts are not compensated for their time but are recognized in all guidance issued by the APB; the APB refers to these directives as Valuation Advisories. Examples of adopted Valuation Advisories include:
- Identification of Contributory Assets and Calculation of Economic Rents;
- Adjusting Comparable Sales for Seller Concessions;
- Residential Appraising in a Declining Market;
- Identifying Comparable Properties; and
- Identifying Comparable Properties in Automated Valuation Models for Mass Appraisal
Topics currently under consideration by the APB include:
- Collection and Verification of Sales Data
- The Valuation of Customer-Related Assets (Business Valuation)
- The Valuation of Green Buildings:
- Background and Core Competency
- Residential Green Buildings
- Non-Residential Green Buildings
- Market Participant Acquisition Premiums (Control Premiums) (Business Valuation)
- Contingent Consideration (Business Valuation)
Those interested in potentially contributing as an expert for the APB can fill out an application provided by The Appraisal Foundation.