What Happened? Building on the 2021 announcement of the Interagency Task Force on Property Appraisal and Valuation Equity (“PAVE”) and a series of federal agency actions in the intervening months, 2024 brings new efforts at the state and federal levels to address appraisal bias and promote fair valuations. Notably, a new version of the Uniform […]
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Appraisal Foundation Seeks Comment on Evaluation Concept Paper
A&B Abstract: With recent and forthcoming changes to federal valuation requirements, the Appraisal Foundation is considering the development of standards for performing evaluations in the USPAP. The Concept Paper: On September 3, 2019, the Appraisal Foundation issued a concept paper on the development of standards for performing evaluations. The concept paper recognizes the current lack […]