Welcome to the Real Estate Appraiser Board!

The Oklahoma Real Estate Appraiser Board is an independent adjunct to the Oklahoma Insurance Department. The Board consists of seven regular members appointed by the Governor for five year terms, and one ex-officio Chairperson, the Insurance Commissioner.

ANNOUNCEMENTS

 2022-2023 7-Hour National USPAP Update Course 

On July 8, 2022, the Appraisal Subcommittee issued a statement concerning a commissioned, comprehensive, and independent review of the Uniform Standards of Professional Appraisal Practice (USPAP) and the Real Property Appraiser Qualification Criteria (Criteria). As part of that statement, it was cited that findings of the review, with respect to the 7-Hour USPAP update course, found that the new fair housing module failed to provide accurate and effective guidance to appraisers, provides an inaccurate summary of fair housing laws, fails to include applicable statutes, and fails to provide specific guidance and examples of what is prohibited by law. 

Based on these findings, the ASC has requested that the Appraisal Foundation address these concerns by modifying course content. In conjunction with that, the ASC has advised that they do not intend to criticize states based on their determination as to whether credentialed appraisers will be required to complete the 2022-2023 7-Hour USPAP Update course. 

Given that the current 7-Hour USPAP update course is deficient in content. The Oklahoma Real Estate Appraiser Board (Board) has determined that it will not enforce the requirement to complete the current 7-Hour USPAP update by the current deadline of December 31, 2022. Nonetheless, the Board considers this education valuable and recommends that appraisers consider completing this course anyway. 42 hours of continuing education are still required to renew your license, regardless of whether you choose to complete this course. 

The new 7-Hour USPAP cycle for Oklahoma appraisers will commence January 1, 2023 as to completion of the 2024-2025 USPAP. Completion of the 7-Hour USPAP update course associated with this version will be mandatory. 

NEW BOARD MEMBERS 

Congratulations to Danny Daniels who was appointed by Gov. Kevin Stitt to the Real Estate Appraiser Board effective July 2, 2022. Mr. Daniels replaces Timothy Ledbetter as the Board’s lay member. 

Congratulations to Davonna Milam who was appointed by Gov. Kevin Stitt to the Real Estate Appraiser Board effective July 2, 2022. Ms. Milam replaces Patty Broome as the Board’s commercial banking industry member. 

Welcome Danny and Davonna!

EXTENSION OF 2020‐2021 USPAP

The Appraisal Standards Board has announced that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one year. The effective date of the current version of USPAP is now December 31, 2022.

This will not eliminate the requirement to complete the 7‐Hour USPAP Update under Oklahoma’s current USPAP cycle of 2021‐2022. A new USPAP course is currently being written and will be released on approximately October 1, 2021. You do not need to purchase a new book.

To read the full announcement, including Frequently Asked Questions, the link is here: https://appraisalfoundation.org/iMIS/TAF/USPAP_Extension.aspx.

COMMITTEE MEMBERSHIP

Committee members are needed to serve on the Real Estate Appraiser Board’s Education, Experience & Testing Committee (EET). The members of this committee are responsible for assisting the Board with work product reviews with respect to applications for upgrade or original licenses. To be considered, you must be a Certified Residential or Certified General appraiser in good standing. Pursuant to the Oklahoma Certified Real Estate Appraisers Act, EET committee members are reimbursed $300 per residential review assignment and $500 per Commercial review assignment. We are looking for residential, commercial and agricultural appraisers.

Committee members are also needed to serve on the Real Estate Appraiser Board’s Standards and Disciplinary Procedures Committee (SDP). The members of this committee are responsible for assisting the Board with disciplinary matters by attending disciplinary hearings as hearing panel officers and making subsequent rulings or disciplinary recommendations to the Board. To be considered, you must be a Certified Residential or Certified General appraiser in good standing. It is from this committee that individuals are appointed to the Board’s Probable Cause Committee.

If you are interested in serving, please send your resume to christine.mcentire@oid.ok.gov. If you have any questions, please call 405-521-6636.

Department of Treasury Memorandum – Financial Services Sector Essential Critical Infrastructure Workers

The Federal Finance Housing Authority Directs Appraisal Flexibility

USPAP Q & A 2020-1 Interior Inspections during a National Health Emergency