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 has oversight authority over state appraiser regulatory agencies and the Foundation. The ASC ensures that state appraiser regulatory agencies implement, at a minimum, standards and qualifications issued by the Appraisal Standards Board and the Appraiser Qualifications Board.
To learn more about the Foundation's role in real estate appraiser regulation, please visit the state appraiser regulatory agency resource webpage.