IFAC designation (source: National Association of
Independent Fee Appraisers - http://www.naifa.com/member/require/index.html)
IFAC - Appraiser - Counselor is a designation conferred to
the appraiser experienced in counseling who is a Member of the
National Association of Independent Fee Appraisers (NAIFA).
It is the highest recognition of proficiency.
NAIFA was founded in 1961 as a nonprofit professional association
of real estate appraisers. Today, NAIFA has chapters
throughout the United States, Canada, and Mexico. The
Association's objectives are to raise the standards of the
appraisal profession, gain recognition for its members as qualified
professionals, and to promote fellowship among appraisers.
There are seven  levels of membership with four  professional
designations plus two  designation programs for designated
members of other associations that sponsor The Appraisal
IFAC designates must be an IFAS - Senior Member in good
standing for at least three  years and must meet the other
following requirements for IFAC - Appraiser - Counselor Member
Completion of the Investment Analysis Course
Must have five  years experience in
Must submit a narrative counseling appraisal report, conforming to
prescribed guidelines on a property that provides the ability to
document and support a reasonable and probable conclusion to a
client's question, rather than a specific value estimate.
Also must submit at least ninety  days prior to either Annual
or Semi-Annual meeting of the National Board of Directors three 
completed copies (one must be original) of the Counselor Report,
along with application for Counselor, and photographs &
material used in the original report.
Thesis must be approved by the National Education
Committee and submitted to the Board of Directors for final
Because of its rigorous education and experience requirements and
commitment to adhere to strict industry standards and a
professional code of ethics, you can be confident an appraiser with
an IFAC - Appraiser - Counselor designation will provide you
with the very highest quality residential appraisal