What criteria do state appraisal regulatory agencies establish?

State appraisal regulatory agencies are responsible for establishing various criteria to ensure that appraisers meet the necessary standards and qualifications to perform their duties competently. One of the primary roles of these agencies is to set the criteria for licensure, certification, and recertification of appraisers. This involves outlining the educational requirements, experience needed, examinations that must be passed, and conditions under which a license or certification can be obtained or renewed.

Establishing clear licensure criteria is crucial to maintaining the integrity and professionalism of the appraisal industry, as it ensures that only qualified individuals are permitted to conduct appraisals, thereby protecting the interests of consumers and stakeholders in real estate transactions. This fosters a system of accountability and upholds industry standards, which is vital for the overall real estate market.

While other areas, such as appraisal fees, continuing education, and property inspections, are important aspects of the profession, the fundamental responsibilities of licensing and certification criteria are the primary focus of state appraisal regulatory agencies, making them central to the regulatory framework in which appraisers operate.