Pennsylvania Appraisal Board Adopts AQB Criteria Changes

AQB's recent revisionsAt its public meeting on March 29, 2018, the Pennsylvania State Board of Certified Real Estate Appraisers voted to adopt the AQB’s recent revisions to the qualification criteria for real property appraisers, effective May 1, 2018.

This would entail three potentially significant changes for licensed trainees and others who wish to enter the appraisal profession in Pennsylvania.

  1. There will now be alternatives to the bachelor’s degree requirement for the Certified Residential Appraiser credential.
  2. The number of required experience hours and the minimum experience time period for the Certified Residential Appraiser credential will be reduced.
  3. The minimum experience time period for the Certified General Appraiser credential will be reduced.

An applicant for a Certified Residential appraiser credential who does not possess a bachelor’s degree now has alternatives available to him or her. These include: (1) an associate’s degree in a focused area of study (e.g., business, finance, accounting, economics, etc.); (2) completing 30 college semester credit hours in specified topics; and/or (3) successful completion of College Level Examination Program (CLEP) exams in specified topics. (See www.appraisalfoundation.org for a list of the specified topics.)

The bachelor’s degree requirement for the Certified General credential remains unchanged, with no degree alternative.

The experience hour requirement for a Certified Residential Appraiser credential has been revised to 1,500 hours over a minimum period of 12 months. The Pennsylvania-specific requirement that at least 50% of the experience hours must be in the actual preparation of appraisal reports that include an interior and exterior inspection of the subject property has been retained. This means an applicant’s experience cannot consist mostly or entirely of “drive-by” or “no-inspection” appraisals.

The number of experience hours required for a Certified General credential remains unchanged, at 3,000 hours, of which a minimum of 1,500 hours must be in the appraisal of non-residential real property. However, the minimum period over which the experience may be obtained has been revised to 18 months. The Pennsylvania-specific requirement that at least 50% of the experience hours must be in the actual preparation of appraisals that include an interior and exterior inspection of the subject property has been retained.

The revised experience requirements in Pennsylvania are summarized in this table. Changes are indicated in bold type.

Credential College Coursework # of Exp. Hours Minimum Period

Cert. Res.

Bachelor’s or alternative

1,500

12 months

Cert. Gen.

Bachelor’s Degree

3,000

18 months

Please note that Pennsylvania does not offer the Licensed Residential Appraiser credential.

As a reminder, these changes will take effect in Pennsylvania on May 1, 2018.

The information in this article applies only to Pennsylvania appraisers. If you are in another state, you might want to contact your state appraisal regulatory agency to see what they plan to do regarding the new AQB criteria. At McKissock, we will do our best to keep you informed regarding which states revise their requirements and which states do not.

 

Article by Dan Bradley. Daniel A. Bradley, SRA, CDEI is the Director of Online Appraisal Curriculum for McKissock Learning. He has been a practicing real property appraiser since 1987, and has been instructing and authoring appraisal courses since 1992. He is a state certified general appraiser in Pennsylvania and is currently on the FHA appraiser roster. From 2004 to 2013, Dan was a member of the Pennsylvania State Board of Certified Real Estate Appraisers, serving for five years as vice-chairman and three years as chairman. He has also has served as a contracted expert witness appraisal reviewer for the Pennsylvania Department of State.

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