The current cycle for the 7-Hour USPAP update is January 1, 2013 to December 31, 2014.
- Please schedule sooner rather than later;
- This time frame is for all appraisers, regardless of your renewal period;
- The last USPAP update is considered a different course;it is acceptable to have multiple USPAP update courses count towards your 42 Hours of required continuing education.
2013 Biannual Compliance Review Findings of the Appraisal Committee
ATTENTION: TRAINEES LICENSED AFTER JULY 14, 2007 AND THEIR SUPERVISORS
As you may be aware, Board Rule 600:10-1-16 (j) - Supervision of Trainee Appraisers was effective July 14, 2007 and states: “Trainee appraisers must successfully complete a Board-sponsored course for trainees and supervisors; provided, however, that trainee appraisers credentialed as of the effective date of this rule must successfully complete this course within one (1) year following the effective date of this rule.”
At its April 3, 2013 meeting, the Board voted to adopt the Supervisor/Trainee Course currently being offered online through the Appraisal Institute, in order for current Trainees and Supervisors to satisfy the Board’s requirements to take such a course. Alternatively, Trainees and Supervisors may take any other Appraisal Foundation CAP-approved Supervisor/Trainee Course that may become available and adopted by the board.
The associated document is an online class schedule for the Appraisal Institute’s course: “Supervising Appraisal Trainees”. As you can see, this webinar is available every two weeks through the remainder of the year. This is a 4 hour course and you will receive 4 hours of continuing education. You can locate additional information, or register at www.appraisalinstitute.org.
Alternatively, you may now take NAIFA’s live course “Supervising Beginning Appraisers: Plan for Success”. This is a 7 hour course for which you will receive 7 hours of continuing education. Additional information can be found at www.oklahomaappraiser.org or you can contact Glinda Cordell at (405) 787-2721.
Pursuant to Board Rule, your deadline to complete this mandatory course will be April 3, 2014. We would like to suggest that you take the course as soon as possible. If you do not take the course in the time permitted, further action may be taken.
New applicants for a trainee credential and their supervisors must take the course in advance of applying.
We will post additional course offerings on our website as we become aware of them.
Supervising Appraisal Trainees course schedule
ATTENTION NON-AQB COMPLIANT STATE LICENSED APPRAISERS
Effective July 1, 2013 the Real Property Appraiser Qualification Criteria for State Licensed Appraisers changed. As of that date, in order for a state licensed appraiser to remain actively listed on the National Registry, that individual must satisfy current AQB Criteria. If you are not AQB compliant, you are mandatorily listed as inactive.
If you are not currently AQB Compliant and wish to return to an active status on the National Registry you MUST upgrade your appraiser credential. This can be accomplished in one of two ways:
1) You can apply for upgrade to Certified Residential or Certified General; or
2) You can apply for upgrade to AQB Compliant.
The Appraiser Qualification Criteria outlining upgrade requirements with regard to education and work product review is available here.
If you would like an information packet mailed to you regarding the upgrade process; want to confirm whether or not you are AQB compliant; or have any additional questions or concerns, please contact Board staff at firstname.lastname@example.org or call (405) 521-6636.
The above referenced Appraisal Subcommittee Bulletin is available here.
Summary of 2015 AQB Criteria Changes
Summary of 2015 AQB Criteria changes
A more detailed summary of the changes to the Criteria is available at the following link:
Any questions on the Real Property Appraiser Qualification Criteria and the work of the Appraiser Qualifications Board can be directed to Magdalene Vasquez, Qualifications Administrator at 202.624.3074.
Dodd-Frank Financial Reform Bill (HR-4173)
Signed By President Obama on July 21, 2010 - 2300 Pages
FAQ’s with regard to appraisal issues published by The Appraisal Institute, September 2010
Interagency Appraisal and Evaluation Guidelines
The Guidelines were effective December 10, 2010 and were promulgated by these agencies:
Office of the Comptroller of the Currency, Treasury (OCC);
Board of Governors of the Federal Reserve System (FRB);
Federal Deposit Insurance Corporation (FDIC);
Office of Thrift Supervision, Treasury (OTS);
National Credit Union Administration (NCUA)
View the Guidelines