International Activities

International Activities

The Appraisal Foundation (Foundation) recognizes the importance of interacting with its colleagues from around the globe.

International Valuation Standards Council

The Foundation is a proud sponsor of the International Valuation Standards Council (IVSC). The IVSC is an independent, not-for-profit organization that serves the public interest by setting global standards for valuation practice and the valuation profession. The Foundation is an active participant in the IVSC Advisory Forum and Advisory Forum Working Group.

The Foundation and the IVSC are working together to harmonize valuation standards for the benefit of valuation professionals around the world. A Memorandum of Understanding was signed by both organizations that reflects this joint effort on harmonization.

Visit the IVSC website for more information about the IVSC and the IVSC Advisory Forum.

A Bridge from USPAP to IVS 2018

As a part of the Foundation and IVSC harmonization efforts, the Foundation released A Bridge from USPAP to IVS 2018 (Bridge). The Bridge was developed to assist appraisers familiar with USPAP in producing a valuation that is also compliant with IVS. The Bridge was recently updated to be consistent with IVS 2017 and the 2018-19 USPAP. While the Bridge describes additional steps necessary to ensure compliance with both standards, a full review of both sets of standards is always encouraged. This joint effort unveiled more commonalities than differences in the two sets of standards.

Welcoming Foreign Delegations

The Foundation welcomes delegations from other countries to share information on valuation issues, current valuation trends, and common appraisal practices. During these meetings, the Foundation provides advice to help other countries and jurisdictions establish their own self-regulatory systems. The Foundation has welcomed delegations from China, Kazakhstan, South Korea, Japan, League of Arab States, Russia, Saudi Arabia, Singapore, Taiwan, Thailand, Ukraine, and the United Kingdom.

North American Conference of Appraisal Organizations

The Foundation is a participating observer of the North American Conference of Appraisal Organizations (NACAO) and facilitates its annual meeting. More information is available on the NACAO website.

International Ethics Standards Coalition

The Foundation is a member of the International Ethics Standards Coalition (IESC) and has a representative that sits on the Board of Trustees of the IESC. The IESC has 124 member organizations from 38 countries worldwide and continues to grow. In addition to the member organizations, 140 entities are government, business, or academic supporters.

In 2016, the IESC adopted the International Ethics Standard, a high-level set of ethical principles for those operating in the land, property, construction, infrastructure, and related professions. The Appraisal Foundation supports the work of the IESC in the development of these standards. More information is available on the IESC website.

International Property Measurement Standards Coalition

The Foundation is a member of the The International Property Measurement Standards Coalition (IPMSC) and has a representative that sits on the Board of Trustees of the IPMSC.

The IPMSC is a group of more than 80 professional and not-for-profit organizations from around the world that work together to develop and implement international standards for measuring property. The IPMSC has published three of the four standards, which are for Office, Residential, and Industrial properties. These standards and more information on current consultations are available on the IPMSC website.