Consumer Resources

Whether assessing real property, personal property, or a business, a professional appraiser will provide an unbiased and thoughtful analysis of value. Understanding the value of your assets is essential to making informed decisions and protecting your financial well-being.

As the Congressionally authorized source of appraisal standards and qualifications in the United States, The Appraisal Foundation (Foundation) places great importance on public trust in the valuation process.  The Foundation works to ensure public trust by establishing high quality standards of practice and qualifications on those entering the profession.  The standards, qualifications, and guidance developed by the Foundation encompass all property types including real property, personal property, and business and intangible assets.  

Consumers can feel confident that an appraisal completed by an appraiser who adheres to these standards and qualifications will produce a reliable estimate of the value of the property being appraised.

Advice for Consumers in The Huffington Post

Read the Foundation's advice for consumers of all property types in the The Huffington Post.   


Helpful Resources for Consumers and Clients on Personal Property Appraisals

For those who need an appraisal of fine art, antiques, collectibles, gems & jewelry or other types of personal property.

Why Engage a Professional Appraiser
To review a brief brochure developed by The Appraisal Foundation that outlines the elements of a professional appraiser (for all property types), click here.

Valuation of Fine and Decorative Arts
To review a brochure that provides information on the appraisal process as it relates to fine and decorative arts, including antiques, click here.

Valuation of Gems & Jewelry
To review a brochure that provides information on the appraisal process as it relates to gems and jewelry, click here



Helpful Resources for Consumers on Mass Appraisals

Courtesy of the International Association of Assessing Officers, an Appraisal Sponsor of the Foundation, here are some resources for those with questions on mass appraisals or property assessments. 

Understanding Your Assessment

Provides information that explains the assessment process.

For the Property Owner Who Wants to Know  

Provides a general overview of property tax systems and how they work.

Helpful Resources for Home Buyers

For those engaged in the home buying process, the links below will help you navigate the process.
  
Why Engage a Professional Appraiser
To review a brief brochure developed by The Appraisal Foundation that outlines the elements of a professional appraiser (for all property types), click here.

Common Myths about Appraisals in the Home Buying Process 

To review common myths and facts about the appraisal process among lenders, borrowers, real estate brokers, and homebuilders, click here.

Common Myths about Appraisals in the Home Buying Process – Borrowers Version 
To review common myths and facts about the appraisal process designed specifically for borrowers, click here

Borrower’s Quick Guide to Valuation Products 
For an easy-to-understand overview of the different types of valuation products used by lenders, click here.

Guide to Understanding a Residential Appraisal
A comprehensive brochure developed by The Appraisal Foundation to educate consumers on valuation as it relates to the residential mortgage lending process is available here

Fair Lending and the Appraiser
An overview of fair lending considerations in the appraisal process is available here

Consumer Financial Protection Bureau Truth in Lending Appraisal Rule
Information from the CFPB on the new appraisal rules intended to protect homebuyers is available here.

From the Consumer Financial Protection Bureau:  Your Home Loan Toolkit
A toolkit produced by the CFPB to provide guidance to consumers on the real estate settlement process and how to find the best mortgage can be found here.

Regulatory Links

Consumer Financial Protection Bureau
Established by the US Congress, the Consumer Financial Protection Bureau (CFPB) helps protect consumers by carrying out federal consumer financial laws.  The CFPB works to ensure that consumers obtain all the necessary information to make informed financial decisions.

Appraisal Complaint National Hotline
The Appraisal Complaint National Hotline (Hotline) is a referral system for complaints on alleged violations of the Uniform Standards of Professional Appraisal Practice (USPAP) and/or appraisal independence requirements.  To visit the Hotline's website, click here

State Real Estate Appraiser Regulatory Boards
Each US State or Territory has a state appraiser regulatory agency, which is responsible for licensing and certifying real property appraisers and supervising their appraisal-related activities, as required by Federal law.  For a complete list of state agencies and their contact information, click here