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USPAP Q & A 2020-1
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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.
Each appraiser is required to take the 7-Hour USPAP update on a two-year cycle. In Oklahoma it is an odd-year, even year, cycle. This requirement is unrelated to your three-year continuing education requirement, although you will receive continuing education credit for the USPAP update and it will count towards your 42 hour total.
The current cycle is January 1, 2019 to December 31, 2020 and relates to the 2020-2021 USPAP. Regardless of when you last took the 7-Hour USPAP Update, you must complete this course no later than December 31, 2020.
- You MUST submit proof of completion, in the form of a course completion certificate, no later than close of business on December 31, 2020.
- If you do not take the course timely, or you take the course and do not submit your certificate, you risk being fined or suspended.
- Do not rely on the education provider to submit your certificate. It is the appraiser’s responsibility to submit the course completion certificate for this course.
- Please let us know if we can answer any questions.You MUST submit proof of completion, in the form of a course completion certificate, no later than close of business on December 31, 2020.
ATTENTION: Appraisal Management Companies
The Real Estate Appraiser Board will begin collecting the AMC National Registry Fee beginning with May Renewals. Those renewal applications will be mailed the first week of April and will include additional instructions.
If you have any questions or concerns, please refer to the Board’s October 14, 2019 correspondence or contact Board staff at (405)521-6636.
Contact the Oklahoma Real Estate Appraiser Board:
Oklahoma Real Estate Appraiser Board
400 NE 50th St.
Oklahoma City, OK 73105
Telephone: (405) 521-6636
Fax: (405) 522-6909