The Appraisal Foundation Seeks New Board of Trustees Members
The Appraisal Foundation has recently made a significant announcement regarding its search for qualified candidates to join its Board of Trustees. This is a call for individuals interested in shaping the future of the valuation profession and contributing to the organization's impactful initiatives. They aim to fill three to four public interest positions, with one term lasting three years and the others for four years. All terms will commence on a specific date in 2026.
Importance of Board Involvement
According to Kelly Davids, the Foundation's President, the moment to engage with the Foundation's work has never been more urgent. As the team works to make a difference in 2025, they consistently strive for high-quality applicants who can bring valuable perspectives to the table. The competition to participate in the Board of Trustees remains fierce, reflecting a community eager to support the appraisal profession's advancement. Davids emphasizes that the Foundation's mission is to take bold and transformative steps forward, and such aims are driven by dedicated volunteers.
Who Can Apply?
Eligibility for the Board of Trustees is open to any qualified individual passionate about valuation. The Foundation seeks to maintain a diverse representation from various stakeholder groups, encouraging all interested candidates to submit their applications. While specific sectors are emphasized, such as Commercial Real Property and Agricultural Real Property, applicants from all backgrounds are encouraged. This effort ensures a well-rounded perspective within the Board.
Roles and Responsibilities
The Board provides essential support and oversight for two independent boards: the Appraiser Qualifications Board and the Appraisal Standards Board. They convene biannually, focusing on pressing matters concerning appraisal standards and practices. While Trustees can have their travel expenses reimbursed, they serve on a voluntary basis, meaning they are not compensated for their time. This commitment reflects the dedicated spirit of those involved in the appraisal field who value the importance of integrity and professionalism.
Valuing Diversity
Diversity is at the heart of The Appraisal Foundation's philosophy. The Board of Trustees consists of members from various appraisal disciplines, including users of appraisal services, former regulators, academics, and community advocates. The Foundation believes that diversity enriches the decision-making process and outcomes. When selecting new members, the Trustee Nominating Committee actively seeks candidates who not only meet qualifications but also enhance the diversity of the Board.
Application Process
Those interested in joining the Board must submit their applications by a set deadline. Candidates can reach out to the Board and Councils Program Manager with any queries about the application process, as communication is encouraged to ensure clarity and understanding. The Foundation aims to foster an inclusive environment, making it accessible for all qualified individuals.
Background on The Appraisal Foundation
The Appraisal Foundation stands as the premier authority on valuation in the United States. Established to uphold standards and qualifications for real estate appraisers, the Foundation offers critical guidance on recognized valuation methods. Their mission supports the appraisal profession by ensuring that appraisals conducted are independent, consistent, and equitable.
Frequently Asked Questions
What positions are available on the Board of Trustees?
The Appraisal Foundation is looking to fill three to four public interest positions on its Board of Trustees, with varying term lengths.
Who can apply for these positions?
Any qualified member of the public with an interest in valuation is encouraged to apply for the Board of Trustees.
What is the application deadline?
Completed applications must be submitted by a specified date.
How often does the Board of Trustees meet?
The Board of Trustees meets twice a year to discuss key issues related to appraisal standards.
Is there compensation for the Board members?
While travel expenses are reimbursed, Board members are volunteers and do not receive monetary compensation for their service.
