ShareNAR submitted comments to The Appraisal Foundation (TAF) in response to its concept paper on the experience requirements for appraiser licensing.
In the letterpdf, NAR applauded TAF for the effort to address issues with the appraiser qualifications requirements, while pointing out ongoing problems with the current methods and previous recommendations from NAR to expand experience requirements. The letter urges the Appraisal Qualifications Board (AQB) of TAF to establish equivalency credit for both education and experience in licensed and regulated fields involving valuation such as licensed real estate salespersons, real estate agents, and real estate brokers. Expanding experience used to qualify appraisers for accreditation to include that from parallel industries will help to reduce barriers to entry into the appraisal industry, while maintaining professional quality and public trust in the appraisal profession.