Appraisers create practices board

Market surveys, experts will assist board in drafting guidelines

The Appraisal Foundation has named seven members to serve on a new Appraisal Practices Board that will issue guidance to appraisers on emerging valuation issues in the marketplace.

The voluntary guidance, intended to assist appraisers, appraiser regulators and educators, will be developed with the help of market surveys and small groups of volunteer "subject matter experts" who will draft guidance for review and approval by the board.