Professional Appraisers Association of SD
FIND AN APPRAISER
Perform Simple, Advanced or County Search >>

News

Category: News

PRESS RELEASE - AQB Adopts Revised Criteria for Real Property Appraiser Qualifications

Thursday, February 1, 2018

On February 1, 2018, the AQB adopted Sections 1, 2, and 4 of the Fourth Exposure Draft with an implementation date of May 1, 2018.

Click on the link below to read the entire Fourth Exposure Draft.
AQB Fourth Exposure Draft RPAQC FINAL.pdf

 

 

National Board Adopts Revised Criteria for

Real Property Appraiser Qualifications

 

FOR IMMEDIATE RELEASE

February 1, 2018 

 

Contact:

Paula Douglas Seidel

paula@appraisalfoundation.org, 202.624.3048

 

Washington, DC -- The Appraiser Qualifications Board (AQB) of The Appraisal Foundation (Foundation) adopted revisions to the Real Property Appraiser Qualification Criteria (Criteria). These changes will provide additional methods for entry into the real property appraisal profession in the United States. The Criteria will become effective on May 1, 2018.

 

Today’s changes were the result of a nearly three-year process of deliberations, which included the issuance of a discussion draft, concept paper, and four exposure drafts. The proposed changes were publicly vetted at a formal hearing, focus group session, and at several public board meetings. The proposed changes generated over 1,300 comment letters. 

 

Today’s changes include a number of options for entry into the residential appraisal profession. Additionally, the number of experience hours and timeframe for obtaining that experience have been modified.

 

In the coming months, the AQB will further develop a concept that was outlined in previous exposure drafts: Practical Applications of Real Estate Appraisal (PAREA). PAREA will provide an alternative method for appraisers to gain experience towards obtaining a real property appraiser credential by performing USPAP-compliant appraisals on real properties as well as virtual properties via emerging classroom technology. 

 

Mark Lewis, Chair of the Appraiser Qualifications Board, said of today’s action, “The importance of qualified appraisers performing solid valuations on residential and non-residential real property cannot be understated.” He continued, saying, “The Real Property Appraiser Qualification Criteria is a living document that needs to fully reflect ongoing changes in the marketplace. These changes were adopted with the ultimate goal of protecting the public trust.” 

 

The Foundation will work closely with state appraiser regulatory agencies to implement the new Criteria by the effective date of May 1, 2018. Visit The Appraisal Foundation’s website at www.appraisalfoundation.org for more information on these exciting new changes. 


CategoriesHot Topics, News

Scholarship Fund Donation Pledge

Saturday, January 13, 2018
Scholarship Fund Donation Pledge.pdf
CategoriesHot Topics, News

PAASD BOD Meeting Minutes 10/5/2017

Monday, January 8, 2018
October 5, 2017 PAASD BOD Meeting Minutes.pdf
CategoriesNews

ANNUAL MEETING - WEDNESDAY AND THURSDAY CLASSES

Monday, November 20, 2017

The Annual Meeting and Education Event for 2018 will be January 17 and 18, Wednesday and Thursday. The Event will be held at Arrowwood Cedar Shore Resort in Chamberlain, SD.
    PAASD Board of Directors will meet Tuesday evening, January 16, 2018.
    The SD Chapter of ASFMRA will hold their Chapter meeting on Wednesday evening, January 17, 2018.
    The PAASD Annual Meeting will be held during lunch on Thursday, January 18, 2018.
    ASFMRA and PAASD will each have a class on Wednesday and USPAP Update will be Thursday.

If you have made reservations at Cedar Shore and need to change them, call 605-734-6376 - they will now have Tuesday night under the Professional Appraisers Room Block along with Wednesday night.


CategoriesHot Topics, News

PAASD Professional Development Scholarship Application for Jan 2018 Award

Tuesday, October 17, 2017
PAASD Professional Development Scholarship Application - 2018 Award.pdf

CategoriesNews

PAASD BOD Meeting Minutes 5/18/2017

Wednesday, October 4, 2017
May 18, 2017 PAASD BOD Meeting Minutes.pdf
CategoriesNews

2018-2019 7-Hour USPAP Offerings

Friday, September 29, 2017
2018 PlanToRegister Flyer_PAASD 11-03-2016 USPAP class.pdf
CategoriesNews

PAASD BOD Meeting Minutes 01/25/2017

Sunday, May 14, 2017
Jan 25, 2017 PAASD BOD Meeting Minutes.pdf
CategoriesNews

NAR Appraiser Trends Survey

Thursday, March 16, 2017
2017-03-appraiser-trends-survey-03-16-2017.pdf
CategoriesHot Topics, News

Appraiser Certification Program Update

Monday, October 31, 2016
Appraiser Cert Prog New rules.pdf
CategoriesHot Topics, News
P.O. Box 7742 | Rapid City, SD 57709
(605) 716-9011
Contact Us
Copyright ©2018 PAASD