The Appraisal Practices Board (APB) of The Appraisal Foundation has announced the adoption of the first of three Valuation Advisories related to the valuation of green buildings. The Appraisal Foundation provides guidance to appraisers and is best known for its "USPAP" publication.
The Advisory, entitled "Valuation of Green and High Performance Property: Background and Core Competency," offers voluntary guidance to appraisers on the background and competency necessary to credibly value green buildings and/or energy-efficient features. According to the Appraisal Foundation, these Advisories are part of an ongoing joint project with the United States Department of Energy (DOE) to develop guidance and educational materials for appraisers on green valuation. Representatives from the DOE are actively participating in the development of these Valuation Advisories as Subject Matter Experts (SMEs).
To view the Advisory, please visit: https://appraisalfoundation.sharefile.com/d-s5f8aa66a58a41f09
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