Oklahoma Real Estate Appraiser Board

2013 Roundtable Discussion Schedule

Stillwater Meet and Greet
June 19, 2013

Stillwater Public Library
1107 S. Duck Street, Stillwater

ATTENTION APPLICANTS FOR UPGRADE:

At the April 3, 2013 Board meeting, the Board voted to temporarily suspend the 90-day waiting period between applications, should you be denied. The suspension of this waiting period will be in effect from April 3, 2013 until July 1, 2013. If you have been denied within the last 90 days, you do not have to complete the waiting period and are free to reapply at your convenience.

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.

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 month of July. 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.

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

Please note that effective July 1, 2013 the Real Property Appraiser Qualification Criteria for State Licensed Appraisers will change.

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.  Licensed appraisers currently listed as AQB Compliant will remain actively listed on the National Registry; their current status will not be affected.  Non-AQB Compliant licensed appraisers will be mandatorily listed as inactive.

If you are not currently AQB Compliant and wish to remain active 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 to be mailed to you with regard on how to upgrade; want to confirm whether or not you are currently AQB Compliant; or have any additional questions or concerns that have not been answered here, please contact Board staff at reabadmin@oid.ok.gov (please email all packet requests) or call us at (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:  
https://appraisalfoundation.sharefile.com/d/sd2f26fafefe402ab.

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