The Appraisal Foundation announced Jan. 20 that it has commenced its annual search for qualified candidates to serve on the Appraisal Practices Board (APB).
The APB is charged with the responsibility of identifying and issuing advisories on recognized valuation methods and techniques which may apply to all disciplines within the appraisal profession. The APB offers voluntary guidance in topic areas which appraisers and users of appraisal services feel are the most pressing. The APB issues this guidance through published Valuation Advisories. The board utilizes panels of subject matter experts, who are widely recognized individuals with expertise in the specific topic being considered, to research and detail all pertinent sources of existing information on the given topic.
There are up to three vacancies on the board. The Appraisal Foundation is interested in expanding the diversity of its boards by considering applications from business leaders with an interest in valuation or individuals involved in various appraisal disciplines, such as business valuation or personal property, in addition to real property.
Examples of qualifications that the Boards Nominating Committee will seek in candidates include the following:
• A minimum of 10 years of appraisal experience;
• A strong familiarity with the Uniform Standards of Professional Appraisal Practice (USPAP);
• Familiarity with valuation methodology and techniques;
• Experience in writing on valuation topics and/or curriculum development;
• Experience with public speaking and/or teaching on valuation topics; and
• Experience in serving on a publically accountable board.
The APB meets periodically through WebEx meetings and conference calls. In addition to these calls, there may be one to two in-person meetings each year. Individuals serving on the board are compensated for their time and reimbursed for travel expenses. Those selected for APB positions will serve a one-, two-, or three-year term commencing on July 1, 2015.
Applications to apply for a position on the board are available on The Appraisal Foundation’s website.
Completed applications for the vacancies must be received by April 1, 2015.