Definitions for "APPRAISAL FOUNDATION"
An organization, consisting of various national appraisal organizations, empowered by the Financial Institutions Reform, Recovery, and Enforcement Act (1989). It is responsible for setting minimum standards and qualifications for appraisers.
An educational self-regulatory organization which functions for the purpose of developing appraisal standards and appraiser qualifications. The Appraisal Foundation is comprised of member organizations representing various appraisal groups, users of appraisal services and the public at large. The address is 1029 Vermont Avenue, N.W., Suite 900, Washington, D.C, 20005; (202) 347-7722.
A not-for-profit educational organization established by the appraisal profession in the United States in 1987. It is dedicated to the advancement of professional valuation and responsible for establishing, improving, and promoting the Uniform Standards of Professional Appraisal Practice (USPAP).