NOTICE: Extension of Current USPAP

The Appraisal Standards Board voted on February 19, 2021 to extend the effective date of the current 2020-21 USPAP through December 31, 2022. Click here to learn more.

Appraiser Qualifications Board

Under the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), the Appraiser Qualifications Board (AQB) establishes the Real Property Appraiser Qualification Criteria (Criteria), or the minimum education, experience and examination requirements for real property appraisers to obtain a state certification. The AQB issues Q&As which are published periodically on the  Foundation website.  The AQB issues Exposure Drafts on proposed changes to the Criteria and obtains feedback at public meetings throughout the year in various regions of the country. 
 
The AQB also establishes Personal Property Appraiser Qualification Criteria, or the minimum education, experience, and examination requirements for sponsoring membership organizations of The Appraisal Foundation who confer personal property designations. In addition, the AQB performs a number of ancillary duties related to real property and personal property appraiser qualifications, including administration of the Course Approval Program (CAP), the Real Estate Degree Review Program and the Instructor Certification Course (ICC) and Instructor Recertification Course (IRC).

Q&As

To view recent AQB Q&As, please visit our Q&A webpage.

Current Board Members

The AQB is composed of five to nine members who are appointed by the BOT and may serve up to eight years.  Activities of the Board are directed by the Chair, who is appointed by the BOT for a one-year term.

Brad Swinney, Acting Chair
William Fall

Byron Miller
Karen Oberman
John F. Ryan
Valerie Scott
Shawn L. Telford
Donna Vandervries
Jerry Yurek

View past AQB members here. 

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For any questions please contact [email protected]. 

Exposure Drafts

The AQB offers Exposure Drafts on proposed changes to the Real Property Appraiser Qualification Criteria during the revision process for public comment. All active Exposure Drafts can be viewed below. Exposure Drafts always have comment deadlines, and the boards reads and considers each comment received prior to making any changes.

• First Exposure Draft of a Proposed General Interpretation of the Real Property Appraiser Qualifications Criteria and Comments
  • The comment period ended on August 20, 2021.

• Second Exposure Draft of Proposed Changes to the Real Property Appraiser Qualifications Criteria and Comments
  • The comment period ended on July 30, 2021.

To view past Exposure Drafts, click  here. 

Announcements

On April 19, 2022, the AQB released a Q&A on the Personal Property Criteria and the 7-Hour USPAP Update Course and Partial PAREA Adoption and Experience Requirements. 

The ICC Policy Statement was revised on March 15, 2022 to remove the requirement that an applicant can only attend the course 2 times in a 10-year period.

On January 21, 2022, the AQB released several new Q&As:

• Verifying Qualifying Education after the Successful Completion of a PAREA Program 
• The Appraisal Experience Log and Successful Completion of a PAREA Program 
• PAREA & Geographical Competency 
• Hybrid Course Offerings 
• Completing An Appraisal Without a Client (for Experience Credit) 

On November 19, 2021, the AQB released a Q&A titled Sequencing Order for PAREA Modules.

On September 29, 2021, the AQB released Q&As about the 2022 Real Property Appraiser Qualification Criteria. Read these Q&As here.

On August 24, 2021, the AQB adopted a new edition of the Real Property Appraiser Qualification Criteria (Criteria) which will go into effect on January 1, 2022. You can read the Second Exposure Draft of Proposed Changes to the Criteria and the First Exposure Draft of a Proposed General Interpretation of the Criteria which were both adopted in the new Criteria. You can also read the summary of actions related to the Criteria changes.

On March 31, 2021, the AQB released Questions and Answers related to the February 19, 2021 announcement of the ASB to extend the effective date of the 2020-21 USPAP to December 31, 2022. You can read these here. 

 

Publications by the AQB

 

The Real Property Appraiser Qualification Criteria	Personal Property Appraiser Qualification Criteria
Under the provisions of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the Appraiser Qualifications Board (AQB) establishes the minimum education, experience, and examination requirements for real property appraisers to obtain a state license or certification. State appraiser regulatory agencies are required to implement real property appraiser licensing and certification requirements that are no less stringent than those issued by the AQB in the Real Property Appraiser Qualification Criteria (Criteria).	The Personal Property Appraiser Qualification Criteria establishes minimum requirements for all personal property appraisers who are members of sponsoring organizations of The Appraisal Foundation. Personal property appraisers who are not members of sponsoring organizations are encouraged, but are not required, to follow the minimum education and experience recommendations established by the Criteria.