| PART III LINE 4A |
The AQB continued working with appraisal Subject Matter Experts (SMEs) in 2013 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 2013, and this same process was also undertaken to begin creating new questions and exam forms that will be implemented for 2014. The Instructor recertification program for the 2014-15 edition of USPAP was launched on October 1, 2013, and all Instructors were required to successfully recertify by March 31, 2014, and prior to teaching a 2014-15 USPAP course. The Instructor Recertification Course was offered online from October 2013 through March 2014. Additionally, 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 2013, CAP continued to be an effective vehicle for education providers and state appraiser regulatory agencies to review and approve educational offerings. Through December 31, 2012, there were approximately 285 CAP-approved courses. As of December 31, 2013, 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 4B |
the Board then undertook (as it does with each edition of USPAP) the task of incorporating all the revisions in USPAP, the Advisory Opinions, the Frequently Asked Questions, the National USPAP courses, and the Instructor Certification and Recertification Courses. In addition, the ASB presented a "2014-15 USPAP Update for Regulators" session at the Association of Appraiser Regulatory Officials (AARO) meeting in Washington, DC. This session was videotaped and is available for viewing on the TAF Website. Included in their three public meetings, in July 2013 the Board held a public hearing designed specifically to seek input from appraisers, regulators, users of appraisal services, educators and others, regarding areas of USPAP they would like to see the Board address for 2014-15. The Board utlitized this feedback when drafting its exposure drafts for proposed revisions for the 2014-15 edition of USPAP. |
| 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 2013, the Foundation hosted a Level 1 and Level 2 of the classroom version of the State Appraiser Investigator Training. Over the past five years we have conducted a total of 14 course offerings attended by a total of over 500 state investigators. The Foundation continues to have a strong working relationship with the International Valuation Standards Council (IVSC). The Appraisal Foundation added two videos to the eLibrary in 2013: A Preview of Changes to the 2014-15 edition of USPAP and The Appraisal Practices Board and its Subject Matter Experts. A third video was filmed in late 2013 for a consumer-related education module to be finalized in 2014. |
| 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. |
| FORM 990 PART IX LINE 11G |
DESCRIPTION:AND MEDIA CONSULTANTS TOTAL FEES:503200 |
Attach to Form 990 or 990-EZ.