The Appraisal Foundation

“PART III LINE 4A The AQB also exposed proposed revisions to background check requirements for individuals seeking to become credentialed appraisers. As it does each year, the AQB worked with appraisal Subject Matter Experts (SMEs) in 2014 to develop additional exam questions and test forms for the National Uniform Licensing and Certification Examinations. New versions of the examinations went into effect in January 2014, and this same process was also undertaken to begin creating new questions and exam forms that will be implemented for 2015. The AQB Certified USPAP Instructor Recertification program for the 2014-15 edition of USPAP began in October 2013, and all current Instructors were required to successfully recertify by March 31, 2014, and prior to teaching a 2014-15 USPAP course. Additionally, for individuals seeking to become an AQB Certified USPAP Instructor, the Instructor Certification Course was offered twice in March 2014; once in Baltimore, Maryland, and again in Dallas, Texas. As of this date, there are approximately 500 individuals holding the AQB Certified USPAP Instructor credential. In 2014, CAP continued to be an effective vehicle for education providers and state appraiser regulatory agencies to review and approve educational offerings. Through December 31, 2013, there were approximately 290 CAP-approved courses. As of December 31, 2014, the AQB had evaluated and approved a total of five undergraduate college and university programs, and three graduate programs had been reviewed and approved.”

“PART III LINE 4C The Board also made its annual recurring appointments for individuals to serve on the BOT as well as the Foundation's independent Boards (the Appraisal Standards Board, the Appraiser Qualifications Board and the Appraisal Practices Board). The Board interfaced regularly with the Industry Advisory Council (IAC) and The Appraisal Foundation Advisory Council (TAFAC) both of which met numerous times to develop recommendations or comments to the work of TAF and its Boards. In 2014, the Foundation hosted a Level 1, a Level 2 and a Level 3 classroom version of the State Appraiser Investigator Training Course. In the past six years we have conducted a total of 19 course offerings with over 600 in attendance. The Foundation continues to have a strong working relationship with the International Valuation Standards Council (IVSC). The Appraisal Foundation completed production for a consumer-related education module 2014: What Every Home Buyer Should Know About An Appraisal. This module includes a PowerPoint Presentation, a 22-minute video, a trainers guide and handouts.”

“Part vi section b line 7a and 7b sponsors each elect one member. The remaining members are elected at-large.”

“Part vi section b line 11b the form 990 is distributed to the board members for review before filing with the internal revenue service.”

“Part xi line 12c the appraisal foundation requires that each director, principal officer and member of a committee with governing board delegated powers sign annually a statement affirming his understanding of and agreement with the conflict of interest policy. Periodic reviews are conducted with the aid (if necessary) of outside advisors.”

“Part vi section b line 15 the executive compensation committee is composed of the current chair, vice chair and immediate past chair of the board of trustees; the current treasurer; and a member of the board of trustees independent from the executive committee. It meets annually to discuss the president's compensation and employment benefit package. Compensation decisions are made with the use of compensation reviews from outside consultants and current compensation surveys conducted by asae and other associations in the washington, dc area.”

“Part vi section c line 19 organizational documents and financial statements are available upon reasonable request.”

“Description:other management fees total fees:628850”