REAL ESTATE APPRAISER COALITION
In 1989, the U.S. Congress enacted the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), which authorized The Appraisal Foundation (Foundation) as the source of appraisal standards and appraiser qualifications.
The Appraiser Qualifications Board (AQB) of The Appraisal Foundation recently adopted revisions to the Real Property Appraiser Qualification Criteria. These changes, which become effective on May 1, 2018, will serve to reduce or eliminate unnecessary barriers to entry into the real estate appraisal profession in the US.
Click here For A Summary of The New Criteria
The Appraiser Qualifications Board of The Appraisal Foundation establishes the qualifications for real property appraisers in the United States. These qualifications can be found in the Real property Appraiser Qualification Criteria
To become a real property appraiser, candidates must obtain qualifying education hours, and, as applicable, obtain college-level education and experience hours, and successfully pass the National Uniform Licensing and Certification Examination. The following is a summary of changes to the Criteria effective May 1, 2018.
Because state appraiser regulatory agencies are only required to adopt AQB 0&)"&#, it is that candidates contact their state to determine if the state intends to adopt any or all of these changes, and if so, when the changes may go into effect.
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