Summer 2019 | Volume #1 | Issue #1
DC BOARD OF REAL ESTATE APPRAISERS NEWSLETTER
The DC Board of Appraisers is working to bring the 7-hour Uniform Standards of Professional Appraisal Practice (USPAP) course to our DC licensees in January. The course will be free and includes a copy of the 2020-21 USPAP book. The Appraisal Standards Board, an independent board of The Appraisal Foundation, unanimously adopted the 2020-2021 edition of the USPAP at its public meeting in Kansas City, Missouri.
"The 2020-21 USPAP includes changes that afford appraisers greater flexibility in appraisal reporting," said 2019 Appraisal Standards Board (ASB) Chair Wayne Miller. "The intent is to ensure that minimum reporting requirements continue to protect public trust in the appraisal profession, while allowing appraisers to practice in an evolving marketplace."
The Appraisal Foundation will host a webinar with ASB Chair Wayne Miller and The Appraisal Foundation Vice President John Brenan to answer questions about the 2020-21 USPAP. In addition to the webinar, a summary detailing changes will also be released. The Foundation will announce when the webinar will be held and the summary will be released.
"The core of the appraisal profession is about protecting the public trust," said The Appraisal Foundation President David Bunton. "Standards should allow appraisers to perform professional valuation services. The 2020-21 USPAP strikes a balance that protects the public trust without placing unnecessary burdens on the appraiser."
USPAP will now move into production, and will be released in the Fall of 2019. The 2020-21 USPAP becomes effective on January 1, 2020, and remains in effect until December 31, 2021. The Appraisal Foundation encourages appraisers to acquire the 2020-21 edition before it becomes effective to ensure that all appraisal services are compliant during this transition period.
The Appraisal Foundation is the nation’s foremost authority on the valuation profession. The organization sets the Congressionally-authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation professionals. This work advances the profession by ensuring appraisals are independent, consistent, and objective. More information on The Appraisal Foundation is available at http://www.appraisalfoundation.org.
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Sincerely,
Tamora Papas
PAREA Update
The Appraiser Qualifications Board (AQB) has been examining the need for an alternative to the traditional supervisor/trainee model for gaining appraisal experience. Persons wishing to enter the appraisal profession have consistently reported difficulties finding qualified certified appraisers willing to supervise them. The underlying reasons certified appraisers are unwilling are numerous and well documented; however, no matter the reason, the lack of an adequate supply of supervisory appraisers presents a significant challenge to entry into the appraisal profession. [Click here to continue reading.]
National Registry - Verify Your Name & License Status
Once you have received your new license, please visit the Appraisal Subcommittee (ASC) website, www.asc.gov and search for your name. Your license should read: ACTIVE. If it does not, please email Board Administrator, Stacey Williams, stacey.williams@dc.gov. In the subject line of your message, please type: ASC. We want to ensure that updates to the ASC reflect your current license status.
Fiscal Year 2018 Performance Oversight Hearing
Board Chair Tamora Papas participated in the 2018 Performance Oversight hearing, during February providing testimony before the Committee on Housing and Neighborhood Revitalization and the Honorable Anita Bonds, Committee Chairperson. Each year, the Board provides the DC Council with:
- Board's goals and objectives
- Enforcement of the law and regulatory issues
- Activities and accomplishments
- Legislative issues
Continuing Education Notes
Appraiser Renewal Cycle (2018-2020)
CE Mandatory Requirements = 28.0 Hours
Website - https://www.dcopla.com/appraisal/
Customer Service - 866-270-9817
Exam Scheduling - 800-733-9267
Certification Requests - (202) 442-4320
Email Correspondence - dcra.dcraopla@dc.gov
Board Administrator - Stacey Williams, stacey.williams@dc.gov
Education Unit - Kevin Cyrus, kevin.cyrus@dc.gov
Fax - (202) 698-4329
Board Members
Tamora K. Papas, SRA, CRP, Chairman, Appraiser Member
Marguerite Allen, Consumer Member
Todd Canterbury, MAI, Appraiser Member
Andrew Sullivan, Appraiser Member
Margot Wilson, Real Estate Broker Member
Board Staff
Leon Lewis, Executive Director
Stacey Williams, Board Administrator
Kevin Cyrus, Education Coordinator
Kathy Thomas, Education Liaison
Kia Winston, Legal Counsel
Total "Active" DC Appraiser License Counts
Licensed Residential Appraisers - 70
Certified Residential Appraisers - 344
Certified General - 347
*As of 6-3-19 – OPLA Online Licensing Database
October 18 - 21, 2019
Association of Appraiser Regulatory Officials' Annual Conference
Westin City Center, Washington, DC
Registration information: http://www.memberleap.com/Calendar/moreinfo.php?eventid=17645
Remaining 2019 Board Meetings
August - Recess
September 18
October 16
November 13
December 18
If you have any questions regarding this communication, please contact the Office of Professional Licensing at dcra.dcraopla@dc.gov. DCRA actively uses feedback to improve our delivery and services; please take a minute to share your feedback on how we performed in our last engagement. Subscribe to receive DCRA news and updates.
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