AQB Qualifications Criteria Changes
Folks, I wanted to wait to send info about this until the AQB actually published a document showing the actual ‘new’ Qualifications Criteria for Real Property Appraisers. When first announced a few days ago, no official document was posted – only a news release.
These take effect May 1, 2018. See the attached 4 page PDF.
Due to ‘states rights’ issues in 54 jurisdictions (states & territories), implementation may not actually happen on 5/01/18. The document says this:
“Because state appraiser regulatory agencies are only required to adopt minimum AQB Criteria, it is crucial that candidates contact their state to determine if the state intends to adopt any or all of these changes, and if so, when the changes may go into effect.”
The AQB has reduced the 4 year college degree absolute requirement to become Certified Residential, but still ‘mandates’ that or other specified education. This is a workable solution to enable people to enter the profession. Certified General will still require a minimum 4 year college degree.
Additionally, for those appraisers who hold the ‘Licensed Residential’ level of license for 5 years or longer, they can apply to become Certified Residential. That seems to be a fair compromise.