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UPCOMING CHANGES TO REAL PROPERTY APPRAISER QUALIFICATIONS

UPCOMING CHANGES TO REAL PROPERTY APPRAISER QUALIFICATIONS

On December 9, 2011, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the

Real

Property Appraiser Qualification Criteria

 

that will become effective January 1, 2015. These changes represent

minimum national requirements that each state must implement no later than January 1, 2015.

OVERVIEW OF CHANGES

National Uniform Licensing

and Certification Examinations

Education and experience must be completed prior to

taking the AQB-approved

National Uniform Licensing and

Certification Examination

 

.

Background Checks

All candidates for a real property appraiser credential must

undergo background screening. State appraiser regulatory

agencies are

strongly encouraged to perform background

checks on

existing credential holders as well.

College Degree Acceptance and

Core Curriculum Requirements

Credit towards qualifying education requirements may be

obtained via the completion of a degree program in Real

Estate from an accredited degree-granting college or

university provided the college or university has had its

curriculum reviewed and approved by the AQB.

Deletion of the Segmented Approach

to Criteria Implementation

States had the option to implement the 2008

Real Property

Appraiser Qualification Criteria

 

via the “segmented

approach.” This implementation option will no longer be

valid effective January 1, 2015.

Restriction on Continuing Education

Course Offerings

Aside from complying with the requirements to complete

the

7-Hour National USPAP Update Course (or its AQBapproved

equivalent), appraisers may not receive credit for

completion of the same continuing education course

offering within an appraiser’s continuing education cycle.

Distance Education Requirements

A

written, proctored examination is required for all

qualifying education distance course offerings. The term

written

 

refers to an examination that might be written on

paper or administered electronically on a computer

workstation or other device.

Revisions to Subtopics in Guide Note 1 (GN-1)

and Continuing Education Topics

Added topics on green building (qualifying and continuing

education), seller concessions (qualifying and continuing

education) and developing opinions of real property value

in appraisals that also include personal property and/or

business value (continuing education only).

COLLEGE LEVEL EDUCATION REQUIREMENT CHANGES*

CLASSIFICATION CURRENT REQUIREMENTS 1/1/15 REQUIREMENTS

Trainee Appraiser

 

None None

Licensed Residential Appraiser

 

None

30 semester credit hours of collegelevel

education from an accredited

college, junior college, community

college, or university OR an Associate’s

degree or higher (in any field).

Certified Residential Appraiser

21 semester credit hours in

specified collegiate subject matter

courses from an accredited college

or university OR an Associate’s

degree or higher.

Bachelor’s degree or higher (in any

field) from an accredited college or

university.

Certified General Appraiser

30 semester credit hours in specific

collegiate subject matter courses

from an accredited college or

university OR a Bachelor’s degree

or higher.

Bachelor’s degree or higher (in any

field) from an accredited college or

university.

*These requirements are effective for individuals seeking a real property appraiser credential

after January 1,

2015. However, in some cases, the requirements may also apply to

existing real property appraisers (for example,

a state may require a credentialed appraiser to meet the new Criteria if he or she moves from a state that does not

have reciprocity with that state. Or some states may require appraisers seeking to change their credential level to

meet all of the 2015 Criteria prior to obtaining the new credential).

Credentialed appraisers are urged to

contact the applicable state appraiser regulatory agencies if they are contemplating relocation or changing

credential levels.

SUPERVISORY APPRAISER AND TRAINEE APPRAISER REQUIREMENT CHANGES

SUPERVISORY APPRAISER TRAINEE APPRAISER

State-certified Supervisory Appraiser shall be in good

standing with the training jurisdiction and not subject

to any disciplinary action within the last three (3)

years that affects the Supervisory Appraiser’s legal

ability to engage in appraisal practice. Shall have

been state certified for a minimum of three (3) years

prior to being eligible to become a Supervisory

Appraiser.

All qualifying education must be completed within the five

(5) year period prior to the date of submission of an

application for a Trainee Appraiser credential.

A Supervisory Appraiser may not supervise more

than three Trainee Appraisers at one time, unless a

state program in the licensing jurisdiction provides to

progress monitoring, supervising certified appraiser

qualifications, and supervision oversight

requirements for Supervisory Appraisers.

A Trainee Appraiser is permitted to have more than one

Supervisory Appraiser.

Shared responsibility to ensure the appraisal experience log for the Trainee Appraiser is accurate, current, and

complies with the requirements of the Trainee Appraiser’s credentialing jurisdiction.

Both the Trainee Appraiser and Supervisory Appraiser shall be required to complete a course that, at a minimum,

complies with the specifications for course content established by the AQB. The course will be oriented toward the

requirements and responsibilities of Supervisory Appraisers and expectations for Trainee Appraisers. The course

must be completed by the Trainee Appraiser prior to obtaining a Trainee Appraiser credential, and completed by

the Supervisory Appraiser prior to supervising a Trainee Appraiser.

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