Monitor a broad range of Federal and State issues that affect the valuation community. This committee is responsible for writing comment letters as new laws and guidance are exposed for public comment or emerging issues need attention.

Identify and establish best practices for appraisal stakeholders and consumers of appraisals. The Best Practices Committee will also develop methods to disseminate the information throughout the housing industry.

Provides a forum for AMCs only (peer to peer) to explore and serve the needs of AMCs within the valuation community.

Assist with content for educational offerings such as webinars, iGuides, and publicly distributed materials a focus on compliance and collateral risk.

Provides a forum for lenders only (peer to peer) to explore and serve the needs of lenders within the valuation community.

Develop or adopt standards for the following – a unique geospatial ID for all real estate; appraisal forms/reporting formats, unique ID for appraisers (digital certificate), AVM standards, home measurement standards, value definitions, education standards for RMBS, and Green Standards.

Primarily concerned with monitoring the activities of the board of directors, ensuring that a nonprofit’s board of directors is functioning appropriately and efficiently.

The nomination committee will evaluate the board of directors and examine the skills and characteristics needed in board candidates, committee Chairs and Vice-Chairs and Councils.