State Appraiser Regulatory Agencies
Each US state or territory has a State Appraiser Regulatory Agency that is responsible for certifying and licensing real estate appraisers and supervising their appraisal-related activities, as required by federal law.
The US Congress passed the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), more commonly known as the Savings and Loan Bailout Bill. Title XI of FIRREA set up a real estate appraiser regulatory system involving federal and state government and The Appraisal Foundation (Foundation).
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council monitors and reviews the work of The Foundation. The Committee also maintains oversight authority over the states to ensure the minimum qualifying criteria to license and certify real estate appraisers are implemented and that appraisers are held to a professional set of ethical standards.
To learn more about the Foundation's role in real estate appraiser regulation, please visit the state appraiser regulatory agency resource webpage.