RAC president Jonathan Miller spoke with RAC member Thomas E. Allen, SCRP from Oklahoma this morning (who is also first vice president and a former president of RAC). Tom mentioned that he attended the The Appraisal Foundation Advisory Council (TAFAC) meetings last Thursday/Friday in Washington DC and was elected to represent TAFAC on The Appraisal Foundation Board of Trustees next year.
Tom recalled that:
without RAC, this would never have happened. RAC has presented so many opportunities for me.
Congratulations to Tom for this achievement and for his leadership in RAC and the appraisal profession!
The Appraisal Foundation Advisory Council (TAFAC) is composed of 60 non-profit organizations and government agencies. TAFAC member organizations represent various professions and occupations with an interest in valuation including appraisers, home builders, real estate brokers, financial institution regulators, federal land acquisition agencies, the secondary mortgage market and the private mortgage insurance industry.
On September 5, 2014, Relocation Appraisers & Consultants, Inc. (RAC) became the newest member of The Appraisal Foundation Advisory Council (TAFAC). RAC member, Thomas E. Allen, CRP, recently attended the TAFAC’s general membership meeting in Washington, D.C.
TAFAC is composed of 58 non-profit organizations and government agencies, which represent appraisers, users of appraisal services and government agencies. TAFAC serves to involve the public in the appraisal standards and appraiser qualifications development process.
Member organizations of TAFAC represent various professions and occupations. TAFAC currently includes organizations representing appraisers, home builders, real estate brokers, financial institution regulators, federal land acquisition agencies, the secondary mortgage market and the private mortgage insurance industry.
TAFAC makes recommendations to the Appraisal Standards Board (ASB), Appraiser Qualifications Board (AQB) and Board of Trustees (BOT) on major issues pending before the Boards. In addition, recommendations are also made regarding agenda of projects, the selection of task forces, amendments to the Uniform Standards of Professional Appraisal Practice (USPAP), Statements or Advisory Opinions under development by the ASB and revisions to the AQB Appraiser Qualification Criteria and Interpretations/Clarifications.
RAC is very excited about being a member of TAFAC and this opportunity to serve the appraisal industry.