Appraiser news

New continuing education requirements for trainees effective July 1, 2013

Starting July 1, 2013, all real estate appraiser trainees will be required to complete continuing education before renewing their Real Estate Appraiser Trainee Registration.

  • When you renew on or after July 1, 2013, you’ll be required to submit proof that you’ve completed 28 hours of continuing education in approved real estate appraisal courses or seminars, including the 7-hour National USPAP update.
  • You may still renew your trainee registration up to 120 days before it expires (RCW 18.140.130).

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.
    • and
    • 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.

Changes to qualification criteria start January 1, 2015

On December 9, 2011, the Appraiser Qualifications Board (AQB) of the Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that will become effective January 1, 2015. To fall under existing criteria:

  • We must receive your application no later than December 31, 2014.
  • General trainees must start their experience by June 30, 2012.
  • Residential trainees and license trainees must start their experience by December 31, 2012.

For more information, see Upcoming Changes to Real Property Appraiser Qualifications.

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