What is the evaluation foundation?
The evaluation foundation is a non -profit organization in the United States, which sets uniform standards of professional evaluation (USPAP), instructions followed by appraisers throughout the United States. People who want to become an appraiser must undergo training and meet the qualification standards set out in the Evaluation Foundation. This organization is introduced to determine standards, practice and qualifications for appraisers working in the United States. Among many other problems observed during this financial collapse, the appraisers noted that the incorrectly estimated property and other assets played a role in the fall of some organizations of savings and loans in the United States. Determination of professional standards would prevent the repetition of such an estate and renew the reputation of the community assessment.
The evaluation foundation has two independent advice, standards for evaluation (ASB) and Evaluation Council (AQB). These boards supervise youSOCE profile members of the community with many years of experience. ASB is working on the development of USPAP updates to ensure that the appraisers work permanently, fairly, ethically and professionally whether they appreciate office buildings or jewelry collections. The AQB sets out the qualification for the appraisers so that people who become licensed appraisers meet the basic standard of training and experience. This ensures that people who hire license appraisers will hire professionally competent and qualified people.
In 1989, the law on recovery, reform and enforcement of financial institutions made us a National Standard for people who wanted to be certified as appraisers under the head of XI. The evaluation foundation has the task of maintaining current standards, so the profession remains effective. It also communicates with people and organizations that may need appraisers from banks to real estate agencies.
people cannot join the evaluation foundation because they are not a professional organization, although they can join toIndividual member organizations that belong to the evaluation foundation. When the boards on the board are available, they are advertised to give people the opportunity to apply for them.
The related subcommittee is a government agency that oversees individual authorities regulated by the state and state assessment of the state. The government agency uses USPAP to determine and promote standards and monitors the activities of regulatory agencies in individual countries to ensure that they correspond to the law.