An appraiser must be State certified, meet the competency rule, and show education
What the document says“``(B) meet the requirements under the competency rule set forth in the Uniform Standards of Professional Appraisal Practice before accepting an assignment; and”
The section replaces subparagraphs (A) and (B) of section 202(g)(5) of the National Housing Act. An appraiser must be certified or licensed by the State where the property sits, except that a federal employee whose main duty is appraisal work and who chooses to be State licensed need be licensed in only one State or territory to appraise on Federal Housing Administration insured mortgages anywhere. The appraiser must meet the competency rule in the Uniform Standards of Professional Appraisal Practice before taking an assignment, and must have verifiable education in the Administration's appraisal requirements through a course from the Administration or an approved third party.
What the document actually says“``(B) meet the requirements under the competency rule set forth in the Uniform Standards of Professional Appraisal Practice before accepting an assignment; and”
The appraiser must meet a competency rule before taking a job. That rule sits in a national set of standards for the work.
An appraiser puts a value on a home. The rule asks whether the person knows that kind of property and place. It must be met before the work starts.
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