The Appraisal Practices Board (APB) is seeking public comment in response to this exposure draft and based on the comments received, may make revisions to the guidance and issue subsequent exposure drafts. Once the Board believes it has received all relevant comment on this topic, it may vote to adopt the material as official guidance from the APB.
The Draft includes comments and detailed examples on:
- Verifying Concessions
- When Does an Appraiser Adjust for Concessions
- Concessions and Non-residential Property (other than 1-4 unit properties)
- Impact and Application of Concessions in the Cost and Income Approach
All interested parties are encouraged to comment in writing to the APB before the deadline of December 2, 2011. Respondents should be assured that each member of the APB will thoroughly read and consider all comments. Comments are also invited at the APB public meeting on December 12, 2011, in Atlanta, Georgia.
Written comments on this exposure draft can be submitted by mail, email and facsimile.
When commenting on various aspects of this exposure draft, it is very helpful to reference the line numbers, fully explain the reasons for concern or support, provide examples or illustrations, and suggest any alternatives or additional issues that the APB should consider.
Mail: Appraisal Practices Board The Appraisal Foundation 1155 15th Street, NW, Suite 1111 Washington, DC 20005
Facsimile: (202) 347-7727
If you have any questions regarding the attached exposure draft, please contact Staci Steward, Practices Administrator at The Appraisal Foundation, via e-mail at firstname.lastname@example.org or by calling (202) 624-3052.