The approval of the Housing and Economic Recovery Act of 2008 mandates
revised eligibility requirements for appraisers to qualify for placement and
retention on the FHA Appraiser Roster.
No later than October 1, 2009, all FHA Appraiser Roster appraisers in
all states and territories must be state certified in order to be eligible to
conduct appraisals for FHA-insured mortgages and remain on the FHA Appraiser
Roster.
Please refer to pages 9-10 of OREA's Licensing
Requirements Handbook for requirements to upgrade to a Certified Residential
or Certified General license.
OREA now has an email list for announcements of website updates and
new publications. This will be a low volume list and we will not make the
addresses available to any other entity unless required by law. You can join the
list by clicking the link below and sending a blank email. If you use web-based
email, you may have to copy the address and paste it into a new, blank message
in your webmail.
Senate Bill 223 prohibits anyone with an interest in a real estate
transaction from improperly influencing or attempting to improperly influence
the results of an appraisal sought in connection with a mortgage loan. Find out more. Full text of Senate Bill 223
APPRAISERS: If anyone has pressured you to "hit a value" in an
appraisal assignment, please go to the California Real Estate &
Financial Services License Status Check to determine the appropriate
jurisdictional authority for violation of California Civil Code Section
1090.5
Complaints against licensed appraisers (or applicants) will not be
accepted unless the complaint form REA 4001 is completed, signed and dated. See
the Enforcement section for details.
OREA HAS CHANGED TESTING PROVIDERS: OREA's examination provider has
changed, effective July 1, 2008 from Pearson Vue to Applied Measurement Professionals Inc. To
schedule an examination please contact Applied Measurement Professionals Inc.
at:
PLEASE NOTE: Admission to Examination Letters are valid for one year
or five attempts, which ever comes first. Therefore, applicants who have a valid
Admission to Examination Letter may take the examination in 2008 but they will
take the 2008 version of the examination. Additionally, those applicants who
submitted their applications with acceptable education prior to January 1, 2008
and who do not take the examination until after January 1, 2008, will not have
to qualify under the 2008 education requirements unless their Admission to
Examination Letter expires. Information regarding the 2008 examination may be
found on the Applied Measurement Professionals Inc. website at http://www.goamp.com
Ref: http://www.orea.ca.gov/
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