NOTICE: Extension of Current USPAP

CORONAVIRUS UPDATE:

The Appraiser Qualifications Board and the Appraisal Subcommittee are working together to offer relief wherever possible during this unprecedented national emergency. On March 18, 2020, the AQB released recommendations to the ASC regarding appraiser continuing education. Click here to read this letter. On May 15, 2020, the AQB sent an additional letter to the ASC asking for flexibility for appraisers whose qualifying exams have been disrupted by the ongoing pandemic. Click here to read this letter. On June 19, 2020, the AQB sent an additional letter to the ASC asking for flexibility for continuing education opportunities offered during the pandemic. Click here to read this letter.

On September 21, 2020, the AQB sent a letter to the ASC recommending flexibility for continuing AND qualifying education courses until December 31, 2021. Click here to read this letter.

Real Property Appraiser Qualification Criteria

The Real Property Appraiser Qualification Criteria (Criteria) is issued by the AQB. State appraiser regulatory agencies are required to implement real property appraiser licensing and certification requirements that are no less stringent than those issued by the AQB in the Criteria.

Under the provisions of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the Appraiser Qualifications Board (AQB) establishes the minimum education, experience, and examination requirements for real property appraisers to obtain a state license or certification.

The AQB issues Q&As as a form of guidance to respond to questions raised by appraisers, enforcement officials, users of appraisal services and the public to illustrate the applicability of the Real Property Appraiser Qualification Criteria and Interpretations of the Criteria in specific situations and to offer advice from the AQB for the resolution of appraiser issues and problems.

Practical Applications of Real Estate Appraisal (PAREA)

The Appraisal Foundation Appraiser Qualifications Board adopted the Practical Applications of Real Estate Appraisal (PAREA) effective January 1, 2021. These new minimum Criteria provide another pathway for aspiring appraisers to fulfill their experience requirements by taking advantage of innovative technology. PAREA is designed to offer practical experience in a virtual environment combining appraisal theory and methodology in real-world simulations. This experience can be provided through a wide range of online and virtual reality technologies. To read the exposure draft of PAREA that lead to adoption, click here. To learn more about PAREA, please visit our PAREA webpage.

Helpful Resources

Real Property Appraiser Qualification Criteria (effective Jan 1, 2021)
Student Tracking Form
Real Property Appraiser Qualification Criteria Q&As 
National Uniform Licensing and Certification Examination