NAR submitted comments to The Appraisal Foundation (TAF) in response to its concept paper on the educational requirements for appraiser licensing.
While NAR has no position on the educational requirements for appraisers, in the letter they applaud TAF for a forward-looking approach in this effort, as fostering a process to developing new appraisers of high quality is key to the long-term success of the housing market. NAR suggests using existing data on appraisers with and without college degrees to quantify whether a college education is a meaningful requirement. The letter also urges the Appraisal Qualifications Board (AQB) of TAF to establish equivalency credit for education and experience in licensed and regulated fields involving valuation such as licensed real estate salespersons, real estate agents, and real estate brokers.