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Proposed Changes to Appraiser Qualifications

November 4, 2016

On October 28, 2016, NAR submitted a comment letter to the Appraiser Qualifications Board (AQB) in response to their second exposure draft concerning proposed changes to the AQB's Real Property Appraiser Qualification Criteria. NAR agreed with the AQB’s proposed reductions in degree requirements for Licensed and Certified Residential appraisers and asked that prior work experience count toward the degree requirement for Certified General appraisers. While NAR agreed with the AQB’s proposed removal of time limits on obtaining experience hours, NAR is concerned that reducing the hours requirement for all appraiser classifications could weaken the quality of new appraisers entering the field. 

NAR Comment to AQB

AQB Proposed Changes