The Appraisal Foundation (TAF)



The Appraisal Foundation (TAF) was formed in 1987 by eight major appraisal organizations to promote professionalism in valuation in the United States of America. The Appraisal Foundation is governed by a Board of Trustees and is the parent organization of three independent boards:

The Appraisal Standards Board (ASB) establishes the generally accepted standards of the valuation profession which is known as the Uniform Standards of Professional Appraisal Practice (USPAP).

The Appraiser Qualifications Board (AQB) establishes the minimum education, experience and examination criteria for appraisers which is known as Real Property Appraiser Qualification Criteria (RPAQC).

The Appraisal Practices Board (APB) is responsible for developing voluntary guidance in the form of Recognized Valuation Methods & Techniques. The APB is the Foundation's newest board, established in July 2010.

In addition, the Foundation is also responsible for administering and distributing information on USPAP and RPAQC to the appraisal profession, state and federal government agencies, users of appraisal services and the general public.