Real property appraisers are required to follow the Uniform Standards of Professional Appraisal Practice (USPAP) when completing appraisals for federally related transactions and when required by choice or by requirement placed upon them, by law, regulation, or agreement with the client or other intended users. Real property appraisers must also meet education, experience and examination criteria. The governmental agencies, boards, and organizations presented in this guide are the integral players who make the appraiser regulatory process work. This document was created as a reference guide to be utilized by state regulatory agencies, real property appraisers, instructors, appraiser associations, and users of appraisal services.
In addition to providing an in-depth study of the history and regulatory process, the State Regulatory Agency Directory contained in this text is a useful contact guide for appraisers and users of appraisal services. Although the majority of the states and jurisdictions have Web sites, some do not. The State Regulatory Agency Directory will assist interested parties with basic contact and regulatory information regarding temporary practice, reciprocity and education.
The principle of change continues to affect the manner in which appraisers perform appraisal services. For this reason it is not sufficient for appraisers to simply maintain the skills and the knowledge they possess when they become appraisers. Each appraiser must continuously improve his or her skills to remain proficient in the profession. In the same manner, an understanding of the history, development of regulation, standards, and the reasons for them, will help each appraiser comply and will help the appraisal profession to continue to advance.
PLEASE NOTE: While the information included in this text is believed to be accurate, users are advised to contact relevant agencies directly for confirmation.