The Appraiser Qualifications Board of The Appraisal Foundation has adopted changes to the Real Property Appraiser Qualification Criteria. These changes will become effective on January 1st, 2015 and represent minimum national requirements that will be required beginning in 2015.
The most critical change that is taking place relates to the requirement that in order to reach the Certified Residential Appraiser license level a bachelor's degree will be required. Again, this is a minimum requirement. For the Trainee or Licensed Residential Appriaser classifications no degree is required.
Another change is the introduction of required supervisory appraiser education designed to orient the supervisor and trainee on the requirements and responsibilities of Supervisory Appraisers and the expectations placed on Trainee Appraisers. Supervisory appraisers will also be limited to having only three trainee appraisers at any given time.
Over the next few weeks VanEd will be posting our suggestions for those who are currently at the various license levels on how they can complete the requirements and advance their career in appraisal prior to the 2015 requirements taking effect. In the meantime, you can view all of the changes online using the link below.