Appraiser licensing rule change
The Appraiser program is proposing a rule amendment regarding the application process for real estate appraiser licenses or certifications. Read about this change in the Appraiser Licensing Rule Change announcement.
Changes to qualification criteria start January 1, 2015
The Appraiser Qualifications Board (AQB) of the Appraisal Foundation has adopted changes to the Real Property Appraiser Qualification Criteria that will become effective January 1, 2015. For more information, see Upcoming Changes to Real Property Appraiser Qualifications.
New federal licensing and reciprocity requirements effective July 1, 2013
Starting July 1, 2013, the Appraisal Subcommittee of the Federal Financial Institutions Examination Council will formally incorporate the following new requirements:
- Washington must have a policy for issuing reciprocal licenses if an appraiser:
- Holds a valid license or certificate in a state in compliance with Title XI.
- The licensing requirements for that state meet or exceed Washington’s requirements.
- To be licensed as a state-licensed appraiser, you must meet the Appraiser Qualification Board’s qualification criteria. This means any license or certificate reported to the National Registry with an “Appraiser Qualifications Board Compliant” status of “No” or “Unknown” will automatically become inactive.
- To be licensed in Washington, trainee appraisers and supervisory appraisers must meet the Appraiser Qualification Board’s qualification criteria.
For details, see the Appraisal Subcommittee Memo About Compliance Review Changes.