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November 20, 2019

AQB Clarifies Sanctions Criteria, Reviews PAREA Guidelines

The Appraiser Qualifications Board at its Nov. 1 public meeting adopted the second exposure draft of proposed changes to the Real Property Appraiser Qualification Criteria pertaining to supervisor qualifications. The changes clarify that sanctions levied against an appraiser over administrative matters do not prevent that individual from acting as a supervisory appraiser. The changes take effect Jan. 1.
Additionally, the meeting enabled the AQB to hear public comments in response to the first exposure draft on the Practical Applications of Real Estate Appraisal, known as PAREA. The AQB will continue to solicit feedback on this concept and issue a second exposure draft in the near future.

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