Frequently Asked Questions
CONSUMERS:
Q. Is Oklahoma a voluntary or mandatory state?
A. Oklahoma is characterized as a voluntary state; meaning that a real estate appraiser credential is not required to perform an appraisal, unless that appraisal is involved in a federally related transaction or a real estate related financial transaction of an agency, instrumentality, or federally recognized entity covered by FIRREA of 1989. As a practical matter, however, virtually all residential mortgage transactions are performed by credentialed appraisers as a lender requirement.
Q. Where can I obtain a complaint form to file a complaint against a real estate appraiser and/or an Appraisal Management Company?
A. You can locate the complaint form on our website under the Enforcement header on our main menu, titled Appraiser Grievance Form. You may also contact the Appraiser Board staff at (405) 522-2475 or e-mail your request to rebecca.keesee@oid.ok.gov.
Q. Who licenses mortgage brokers, supervised lenders and mortgage loan originators?
A. Mortgage brokers, supervised lenders, and mortgage loan originators are regulated by the Department of Consumer Credit.
Q. Who regulates abstractors?
A. Abstractors are under the jurisdiction of the Oklahoma Abstractors Board www.abstract.ok.gov.
Q. Who regulates home inspectors?
A. Home inspectors are regulated by the Construction Industries Board.
Q. Who do I contact regarding ad valorem taxes?
A. The County Assessor and/or County Treasurer of the county wherein the property is located.
Q. Where can I get information on how to become an appraiser?
A. Please refer to the following link (located on the main page of our website):
INTERESTED IN BECOMING AN APPRAISER? Click Here
Or simply call our office at (405) 521-6636 and request an information packet.
APPRAISERS:
Q. Why does the ASC show me as expired when I paid my license before it was due?
A. The National Registry is not based on real-time data. This agency sends a data set to the ASC (Appraisal Subcommittee – www.asc.gov) on a weekly basis. It could take up to 48 hours to show the current information.
Q. Why does the ASC have a different expiration date than the one that I was issued?
A. The Board issues credentials for three years, but you only pay licensing fees for one year at a time. When you pay your annual licensing fees, which includes your National Registry fee, the National Registry is updated, and the ASC advances your registry expiration date by one (1) year. They do not utilize the expiration date that is issued to you by this office.
Q. Why did HUD/FHA remove me from their rosters?
A. HUD and FHA retrieve their information from the Appraisal Subcommittee (please refer to previous questions). Please be aware that this office has no interface with HUD or FHA; if you have additional questions concerning those agencies, please refer all inquiries to the appropriate entity.
Q. Does your office accept credit cards?
A. Yes. Please see the Bill Pay button the main menu.
*If you would like to see an FAQ added to our website, please feel free to give us a call at (405) 521-6636. Our office hours are Monday through Friday, 8 a.m. to 5 p.m. (excludes national holidays)
