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2010 Appraisal Committee Page 1 of 2

EXHIBIT FOR THE AGENDA OF THE


2010 APPRAISAL COMMITTEE
NATIONAL ASSOCIATION OF REALTORS®
2010 REALTORS® CONFERENCE
2011 Appraisal Committee Goals

Exhibit Title:
2011 Appraisal Committee Goals
Exhibit Body:
Purpose:
1. Identify, address and monitor legislative and regulatory issues affecting the real
estate industry.
2. Maintain NAR representation with the Appraisal Foundation.
3. Increase the value of services (online and offline) provided to our appraiser
members.
4. Maintain relationships with government agencies.
5. Work jointly with the other appraisal organizations to present a unified regulatory
and governmental affairs voice.
6. Educate consumers on the value of an independent and accurate appraisal.
7. Promote REALTOR® Family Education.

Goals:
1. Identify, address, monitor, and influence legislative and regulatory issues
affecting the real estate appraisal industry.
· Continue to strengthen industry representation, including public advocacy efforts,
for NAR’s appraiser members.
· Convey NAR’s policy on appraisal independence, strengthening the appraisal
process, and increased disclosure to key decision makers as legislation and
regulations are considered.

2. Maintain NAR representation within The Appraisal Foundation


· NAR continues to be an Affiliate Sponsor of The Appraisal Foundation. As a
sponsor, NAR may appoint a representative to serve on the Appraisal Foundation’s
Board of Trustees. NAR will be replacing the current appointee, Joe Traynor, whose
term ends in 2010. NAR will also appoint a new representative to The Appraisal
Foundation Advisory Council (TAFAC) which is currently represented by Vic Knight.
· Three independent boards of The Foundation, the Appraisal Standards Board
(ASB), the Appraiser Qualifications Board (AQB), and the Appraisal Practices Board
(APB) are responsible for establishing standards all licensed/certified appraisers
must abide by (Uniform Standards of Professional Appraisal Practice), minimum
criteria for state licensure/certification, and identifying recognized valuation methods
and techniques. REALTOR® Appraiser Rick Baumgardner was elected Chair to the
AQB by The Appraisal Foundation Board of Trustees.
· NAR staff and/or volunteer leadership monitor and regularly attend meetings of the
Board of Trustees and the ASB, AQB and APB.

3. Increase the value of services (online and offline) provided to our appraiser
members
· An appraisal audience page at www.REALTOR.org provides a wealth of information
for NAR’s appraiser members, including a “Find an Appraiser” directory that permits
users to search a database of appraiser members. Frequent industry information is
provided through the Appraisal Insight Blog.
· Staff continues to administer and promote the RAA (Residential Accredited
Appraiser) and GAA (General Accredited Appraiser) designations program.
Approximately 600 unique members currently hold the designations with some
members holding both designations.
· Investigate further how we can determine which licensed appraisers are also
REALTORS®.
· Increase the number of NAR Appraiser Designees.
· Increase the market visibility of NAR Appraiser Designees.

4. Maintain relationships with government agencies


· Appraisal leadership and staff continue to conduct one-on-one meetings in
Washington, DC with key representatives of agencies that either use appraisal
services or regulate the appraisal industry (i.e. HUD, The Appraisal Foundation,
Appraisal Subcommittee, Freddie Mac, Fannie Mae, American Bankers Association,
FRB, Consumer Financial Protection Bureau, and more.)

5. Work jointly with the other appraisal organizations to present a unified


regulatory and governmental affairs voice when possible
· Work with other appraisal organizations to develop comment letters, such as ASB,
AQB, and APB Exposure Drafts, proposed HUD and VA rules, etc. as appropriate so
that the industry presents one, unified position.
· Encourage NAR to participate in coalitions to advance the interests of the appraisal
profession and NAR.

6. Educate consumers on the value of an independent and accurate appraisal


· Develop informational brochure on the importance of an independent and accurate
appraisal in the real estate transaction.

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2010 Appraisal Committee Page 2 of 2
7. Provide REALTOR® Family Education
· Research and compile database of industry education offerings for our appraiser
members.
· Create a quadrennial COE (Code of Ethics) course focused specifically for
appraiser members.
· Create a brochure or flyer for real estate agents on communicating with the
appraiser during the transaction.

8. Establish a specific appraiser/valuation identity within NAR


· Work with appropriate committees to ensure appraiser/valuation perspective in NAR
governing documents.
· Work with appropriate committees to ensure appraiser/valuation perspective in NAR
public policy positions.
· Identify appraiser members’ involvement in NAR committees.
· Explore establishing a unique “Appraiser Identity” within NAR (similar to commercial
members or as an institute, society or council.)
this document was last modified on: 10/17/2010 09:46 AM

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