Welcome
BOARD NEWS
Q & A - How to Become An Appraiser 2008 Criteria
(pdf format 8K)
National USPAP Update Clarification
Following additional research and clarification by the Appraiser Qualifications Board, the requirement for completing the 7 hour National USPAP Update course is based on a 24-month period and not on a credential renewal period.
The links below reflect the date of when each Kentucky Licensed/Certified Appraiser must complete the 7 hours National USPAP Update course. Please review both the memo and list for clarification and required completion date for the 7 hours National USPAP Update course. If you have any questions, please contact the Board office at (859) 543-8943.
Memo: Clarification on National USPAP Update Course Completion (PDF Format 63K)
List: National USPAP Update Course Required Completion Dates (PDF Format 95K)
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Board Meeting Dates |
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BOARD MEETING
Upcoming Meeting
Date:
Friday, July 25, 2008 - 9:00 a.m.
Location:
Board Office
2624 Research Park Drive, Suite 204
Lexington, KY 40511
Future Meeting Dates*
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August 22, 2008
September 26, 2008
October 24, 2008
November 21, 2008
December 19, 2008 |
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Click here for Directions to the KREAB office. |
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| Open Meeting Policy
(PDF Format - 7 KB)
*Meeting dates are subject to change.
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Advisories |
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On March 3, 2008, New York Attorney General Andrew M. Cuomo entered into an agreement and the Kentucky Real Estate Appraisers Board decision about a response to the agreement terms.
Home Value Protection Program and Cooperation Agreement (PDF Format 63K)
It is believed by the staff and members of the Kentucky Real Estate Appraisers Board that it would be irresponsible for the Board to voice a position on the "HVCC" proposal being decided by Fannie Mae and Freddie Mac with the New York Attorney General until a final decision on the matter has been presented. This proposal does not involve opinions or commentary from the attorney generals of other States. Also, the State appraiser regulatory agencies are not involved because the agreement is not a part of the revision of Title XI, The Appraisal Subcommittee, or the Appraisal Foundation.
However, a number of individual appraisers have contacted me and suggested I should comment individually. Therefore, attached is a letter I have written to the Office of Federal Housing Enterprise Oversight (OFHEO) in my role as a real property appraiser and a concerned professional.
Please be advised that the letter is from me personally, it does not represent any position or beliefs of anyone but me. It is not presented on behalf of the KREAB, the staff or the appraisers licensed and certified in Kentucky.
I do hope that all appraisers who feel something should have been worded differently or who believe something is lacking in the agreement did write the groups and let their concerns be known.
It is my opinion that more more interest will be shown for individual responses than if one letter is received on behalf of a group or entity. Therefore, the more letters received from individuals, the better prospect of positive results happening.
If anyone has questions about my letter or other matters pertaining to the "HVCC" please feel free to call me.
Larry
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If your name appears on the attached link, you are required to complete the 7 hour National USPAP Update course by June 30, 2008.
National USPAP Update Completion by June 30, 2008 (PDF Format 14K) REVISED 3/19/08
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Please review the following on Appraising Physical Segments (5 acre portion).
Appraising Physical Segments (PDF format 8K)
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DO YOU WANT TO BE ON THE FHA APPRAISER APPROVAL ROSTER? Please review the attached.
FHA Appraiser Approval Steps
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ANSI Requirement |
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Standard for Single-Family Residential Buildings (ANSI-Z765) Became A Requirement for All Kentucky Licensed/Certified Appraisers.
Order your copy of ANSI Z765 online direct from the NAHB Research Center or by calling 800-638-8556.
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Notice to Associate Appraisers |
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Pursuant to 201 KAR 30:030, all Associate Real Property Appraisers licensed after July 1, 2001 shall submit to the board two (2) complete summary appraisal reports. Per Appraisal Subcommittee Policy Statement 10 revision, the Board shall immediate require all applicant submit a log of work experience. From that log the Board staff will select appraisal reports for each level of experience review.
The reports selected from the log will be reviewed to verify minimum USPAP compliance and use of acceptable appraisal practices, methods and techniques. Any deficiencies will be noted so future appraisals will be compliant. If it is believed necessary to establish the competency of the associate, the board shall request additional reports from the log for review.
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Board Members & Staff |
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Board Members
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J.W. Grabeel, Chair
Appraiser Member
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Theresa Marshall
Banking Member |
Loren Huff, Vice Chair
Consumer Member
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Dorsey Hall
Banking Member |
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Paul E. Moore
Appraiser Member
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Staff
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| Larry Disney, Executive Director |
James Grawe, Board Counsel |
| Angie Thomas, Staff Assistant |
Janie Gross, Executive Secretary |
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