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Congratulations to Becky Zarecki who has been appointed by the Governor to the Real Estate Appraiser Board for a five year term effective July 2! Ms. Zarecki is the managing broker at McGraw Realtors in Broken Arrow. Ms. Zarecki will fill the real estate sales seat which will be vacated by Lee Caesar, Jr., on July 1. Welcome Becky!
Congratulations to the Board’s Vice-Chairman, Steve Walton, who has been reappointed to the Real Estate Appraiser Board for a second five-year term beginning July 1!
November 16th Board Sponsored Seminar
We are still working on the details, but please be sure to calendar November 16th in Oklahoma City as the next board-sponsored day of education. You can expect to receive 6 or 7 hours of live continuing education credit for attending. Speakers include Timothy Anderson, author of “How to Raise Appraisal Quality and Minimize Risk” and Peter Christensen with LIA Administrators & Insurance Services who will speak on Hot Topics and Myths in Appraiser Liability.
June 2016 Newsletter
7-Hour USPAP Update
Each appraiser is required to take the 7-Hour USPAP update on a two-year cycle. In Oklahoma it is an odd-year, even year, cycle. This requirement is unrelated to your three-year continuing education requirement, although you will receive continuing education credit for the USPAP update and it will count towards your 42 hour total.
The current cycle is January 1, 2015 to December 31, 2016 and relates to the 2016-2017 USPAP. Regardless of when you last took the 7-Hour USPAP Update, you must complete this course no later than December 31, 2016. You MUST submit proof of completion, in the form of a course completion certificate, no later than close of business on December 31, 2016. If you do not take the course timely, or you take the course and do not submit your certificate, you risk being fined or suspended. Do not rely on the education provider to submit your certificate. It is the appraiser’s responsibility to submit the course completion certificate for this course.
The schedule of currently offered, live, USPAP update courses can be found under Course Announcements in our Main Menu column to the left.
The Appraisal Foundation has released the pass rate for licensed and certified credentials for the year 2014.
Dodd-Frank Financial Reform Bill (HR-4173)
Interagency Appraisal and Evaluation Guidelines
The Joint Final Rule for Minimum Requirements for Appraisal Management Companies pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act has been adopted.
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Contact the Oklahoma Real Estate Appraiser Board:
Oklahoma Real Estate Appraiser Board
5 Corporate Plaza
3625 NW 56th, Suite 100
Oklahoma City, OK 73112
Telephone: (405) 521-6636
Fax: (405) 522-6909