2/19/2021 - USPAP EXTENDED UNTIL 12/31/2022:
Please review the following announcement from David S. Bunton, President of The Appraisal Foundation, regarding the extension of the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) through December 31, 2022.
On February 19, 2021, the Appraisal Standards Board (ASB) made a big announcement. The current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one year. The 2020-2021 USPAP will now be effective until December 31, 2022.
“USPAP has been a living document since its adoption in 1987. Initially, changes were being adopted so frequently, they were simply being added as inserts into a large binder. As time has progressed the updating cycle lengthened to one year and now two years. Like every profession, COVID-19 has had an unprecedented impact on the appraisal profession and how we conduct day to day business. Pressing issues have arisen in our profession over the past year ranging widely from concerns about fair housing matters to how to conduct a socially distanced property inspection. USPAP is a maturing document, and it can take longer to study the complex issues facing our profession and how they will impact our standards. We believe all of these are all critical issues and deserve thoughtful consideration before we issue guidance,” said ASB Chair Wayne Miller.
“With that in mind, we have decided to extend the effective date of the current USPAP by one year. This will provide continuity to the profession during this pandemic while also giving the ASB the appropriate time to carefully examine the challenges facing our profession before offering additional guidance.”
We know that this is a big change and that there will be a lot of questions. To help, we've included some Frequently Asked Questions below. We'll be adding to this document on our website as we continue to receive your feedback.
Please also feel free to respond to this email with questions or comments. The ASB will review all of your feedback.
Below is a list of Frequently Asked Questions (FAQs) regarding the USPAP Extension announcement.
How long is the current version of USPAP effective? With this announcement, the 2020-21 USPAP will now have an effective date through December 31, 2022.
Does this mean USPAP will be on a three-year cycle going forward? No, the Appraisal Foundation has made no decision on how long future USPAP publications will remain in effect. They may return to two-year cycles, or choose another timeline, depending upon the need to make changes.
Does this mean my Pennsylvania license does not expire until 12/31/2022? No, this extension does not impact your Pennsylvania license. All Pennsylvania licenses will expire on 6/30/2021. Be sure to renew in a timely manner.
If I took the 7-hour continuing education course for the 2020-21 USPAP, and that is still in effect, do I wait until 2023 to take the new 7-hour course? No, you will still need to take the 7-hour continuing education course every two years. This extension does not impact appraiser continuing education requirements. The 7-hour continuing education course is required to be taken once every two years as a way to offer appraisers a refresher on important cornerstones of the profession and offer practical applications for their appraisal practice. A new course will come out later this year.
Will I need to buy another copy of USPAP for the 7-hour continuing education course if I already bought a copy of the 2020-21 USPAP? No, you can continue using the version of USPAP for this cycle.
I am an education provider. How does the announcement impact me? The Appraisal Foundation will be holding a webinar just for educational providers on this decision and our new 7-hour continuing education course on March 4th. If you have not previously received an invitation for this event, please contact Brigitte Coulton at firstname.lastname@example.org.
IN-PERSON/CLASSROOM COURSE CONVERSION TO VIRTUAL TRAINING DUE TO COVID-19
Due to COVID-19 and Guidance from the AQB/ASC, Providers of courses that are approved for an in-person/classroom setting may apply to convert that course to a distance education/virtual platform until 12/31/2021, provided that:
- The educational offering under consideration is approved for traditional classroom presentation.
- The platform utilized for distance education is live and interactive.
- The instructor verifies photo identification of the students; and
- The instructor maintains an attendance roster, which includes verifying 100% classroom attendance by, for example, taking attendance at various established times during the course.
Requests may be submitted via email to email@example.com by completing the form listed below, along with a copy of the original in-person/classroom PA Board Approval letter.
Once approved, a new approval letter for the Distance Learning/Virtual training course will be provided via email to the Education Provider. All approvals for courses that were converted to Distance Learning/Virtual training due to COVID-19, will expire 12/31/2021.
Please contact the Board with any further questions.
Education Provider/Course Conversion Application(PDF)
AQB ANNOUNCES CHANGES TO APPRAISER QUALIFICATIONS
On February 1, 2018, the Appraiser Qualifications Board of The Appraisal Foundation adopted changes to the Real Property Appraiser Qualification Criteria that will become effective May 1, 2018. These changes represent minimum qualifications for real property appraisers in the United States. To become a real property appraiser, candidates must obtain qualifying education hours, and, as applicable, obtain college-level education and experience hours, and successfully pass the National Uniform Licensing and Certification Examination. The attached is a summary of changes to the Criteria effective May 1, 2018.
The State Board of Certified Real Estate Appraisers is working on drafting regulations that will incorporate the changes to the AQB Criteria. At the Board’s next board meeting, on March 29, 2018, the Board will discuss the effective date for all of the AQB changes for Pennsylvania licensees.
LICENSED APPRAISER TRAINEE BIENNIAL RENEWAL FEES
On January 23, 2016, the State Board of Certified Real Estate Appraisers (Board) published a final-form rulemaking regarding biennial fees for licensed appraiser trainees. The Board’s final- form rulemaking amended Section 36.6 of the Board’s regulations, which lists a schedule of fees charged by the Board.
Beginning with the June 30, 2017, renewal period, the biennial renewal fee for licensed appraiser trainees is $150. You may access the Board’s amended regulation
ACT 6 OF 2018 Notice to All Licensees, Registrants, Certificate Holders & Permit Holders (PDF)
ACT 6 Expungement Notice
National Registry Fee of Appraisal Management Companies (AMCs) (PDF)