Clarify that only assessors, employees and employees of the Division of Property Taxation can possess an ad valorem license Right of Way Agents can provide value conclusions up to $25,000 without having to be licensed as an appraiser Remove references to honesty and good moral “truthfulness, character” and replace with the fitness standards “meets established by Board rule” 2/26/14 AQB released an exposure draft proposing to revise the 2015 Real Property Appraiser Qualification Criteria Delay background check implementation until January 1, 2017 Adopted verbatim the SAFE Act requirements Applicants are not eligible for an appraiser credential if: Revoked appraisers credential in the last 5 years guilty or no contest to a felony: Within the 5 period preceding the date of application At any time prior to application, if felony involved fraud, dishonesty, breach of trust or money laundering Applicant failed to demonstrate character and general fitness such as to command the confidence of the community and warrant a determination that the appraiser will operate honestly, fairly and ethically SB14-009 Disclose Separate Mineral Estate – HB14-1254 Limit HOA Transfer Fees & Late Payment Penalties – HB14-1136 Regulation of Continuing Professional Education – Current Events: Ad valorem rules Education: 35 hours of intro to mass appraisal 30 hours basic appraisal principles 30 hours basic appraisal procedures 15 USPAP Exam
Clarify that only assessors, employees and employees of the Division of Property Taxation can possess an ad valorem license Right of Way Agents can provide value conclusions up to $25,000 without having to be licensed as an appraiser Remove references to “truthfulness, honesty and good moral character” and replace with “meets the fitness standards established by Board rule” 2/26/14 AQB released an exposure draft proposing to revise the 2015 Real Property Appraiser Qualification Criteria Delay background check implementation until January 1, 2017 Adopted verbatim the SAFE Act requirements Applicants are not eligible for an appraiser credential if: Revoked appraisers credential in the last 5 years guilty or no contest to a felony: Within the 5 period preceding the date of application At any time prior to application, if felony involved fraud, dishonesty, breach of trust or money laundering Applicant failed to demonstrate character and general fitness such as to command the confidence of the community and warrant a determination that the appraiser will operate honestly, fairly and ethically SB14-009 – Disclose Separate Mineral Estate HB14-1254 – Limit HOA Transfer Fees & Late Payment Penalties HB14-1136 – Regulation of Continuing Professional Education Current Events: Ad valorem rules Education: 35 hours of intro to mass appraisal 30 hours basic appraisal principles 30 hours basic appraisal procedures 15 USPAP Exam
CAREA%203.19.14%20-%20Marcia%20Waters%20Presentation.docx