Earlier this summer, the Appraiser Qualifications Board (AQB) of the Appraisal Foundation held a public meeting to discuss the Exposure Draft of Proposed Changes to the Real Property Appraiser Qualification Criteria.
Given the feedback it received from the public, state appraiser regulatory agencies, and the Appraisal Subcommittee, the AQB decided to adopt a change to the Supervisory Appraiser Requirements, which officially took effect this past July 1st.
According to the Foundation’s notification, Supervisory Appraisers must still be state certified and in good standing for a minimum of three years prior to supervising. With that said, Supervisory Appraisers no longer need to be state certified and in good standing within the jurisdiction that the Trainee Appraiser works in for a minimum period of time.
For more information, including the AQB’s updated language for the Supervisory Appraiser Requirements, click here.
The Appraisal Foundation – appraisalfoundation.org