2012-01 Ok Real Estate Appraiser Bd Newsletter
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OKLAHOMA REAL ESTATE APPRAISER BOARD 3625 NW 56th Streettreettreettreettreet, Suiteiteite 100, Oklahomaklahomaklahomaklahomaklahomaklahomaklahoma Citity, OK 73112 Director email@example.com Admin Officer firstname.lastname@example.org Legal Secretary email@example.com Main: (405) 521-6636 Fax: (405) 522-6909 Issue #29 – January, 2012 BOARD MEMBERS Commissioner, John D. Doak Chairperson Lee R. Caesar, Jr., Realtor Member Vice-Chair 2016 Stephen C. Walton, Appraiser Member 2016 P. Lane Wheeler, Appraiser Member 2015 Betty J. Cagle, Appraiser Member 2014 Patti L. Fisher, Appraiser Member 2013 Jana S. Barker, Layperson 2012 Joey Snyder, Banking Member 2012 Board Staff: Christine McEntire, Director Shannon Gabbert, Administrative Officer Christen Watson, Legal Secretary 2012 Schedule of Events Jan 2 - New Year’s Day Apr 27 – Board Meeting (May) October 5 – Board Meeting Jan 6 - Board Meeting May 28 – Memorial Day October 12-16 – AARO Conf, DC Jan 16 - Martin Luther King Day June 1 – Board Meeting November 2 - Board Meeting Feb 3 - Board Meeting July 4 – Independence Day November 12 – Veteran’s Day Feb 20 - President’s Day July 6 – Board Meeting November 22-23 - Thanksgiving Mar 2 - Board Meeting August 3 – Board Meeting December 7 - Board Meeting Mar 30 - Board Meeting (April) September 3 – Labor Day December 24-25 - Christmas Apr 20-23 – AARO Conf, Chicago September 7 - Board Meeting Issue #29 – January, 2012 WHERE DO I GET HELP WITH REASONABLE AND CUSTOMARY FEES? The appropriate agency to receive your concern about a creditor’s compliance with the Truth in Lending Act (TILA), including the creditor or the creditor’s agent paying an appraiser a customary and reasonable fee, is the agency that enforces TILA for the creditor. If the agent or Appraisal Management Company (AMC) is affiliated with a federally-regulated creditor, the appropriate agency to receive complaints against the AMC is the affiliated creditor’s federal regulator. If the agent (or AMC) is not affiliated with a federally-regulated creditor, the appropriate agency to receive the complaint is the Federal Trade Commission. There are two websites that you can use to find the federal regulator for a creditor. Federal Reserve System �� National Information Center website: http://www.ffiec.gov/nicpubweb/nicweb/nichome.aspx FDIC website at the “Bank Find” webpage: http://www2.fdic.gov/idasp/main_bankfind.asp Questions regarding the appropriate interpretation of the Truth in Lending Act, including those on customary and reasonable fees, should be directed to the Federal Reserve Board at http://www.federalreserve.gov/feedback.cfm. Message from the Director Happy New Year! I would like to bring you current on recent staff and Board member changes. Stephen C. Walton (Tulsa) was appointed to the Board by Governor Fallin on November 16th. Mr. Walton is a Certified General Appraiser and has been licensed in Oklahoma since 1994. Mr. Walton took over the appraiser member seat previously held by Kim Allen of Enid. Welcome, Steve! Commissioner John D. Doak officially promoted me to the position of Director in November after having served as Interim Director for three months. It is has been a busy, and somewhat stressful, last quarter of 2011, but I have enjoyed the challenge. I am happy to also announce that we are back to a three-person staff. Please welcome Christen Watson, who began service as the Board’s new legal secretary on November 28th! In closing, I would like to pass on the Board’s many thanks to Kim Allen for his five years of service. Mr. Allen was an asset to the Board and he will be missed. All our best, Kim! ~ Christine McEntire ~ The Appraisal Subcommittee conducted their bi-annual field review between October 5th and October 7th. On October 7th the ASC Policy Managers attended the Board’s regular session and presented their preliminary findings. The policy managers found that REAB was in full compliance, with no areas of concern found in any area of review, including regulation and statutes, enforcement, education and applications. The policy managers were highly complementary and the Board and the Department were commended for having such a successful program. Did you know that a complete list of approved providers and courses can be found on our website? Yes indeed, it’s all available at your very fingertips. All you need do is visit our website at www.reab.oid.ok.gov, click on Education Provider Information and then the List of Approved Continuing Education Providers and Courses link, at which point this handy document will appear before your very eyes. Before you have it framed, however, be aware that we update once a month, following each month’s Board meeting. If you would like to submit a course for approval, this section also contains all of the forms that providers will need to register. 2012 Chair & Committee Appointments At its December 2nd Regular Session, the Board voted Lee R. Caesar, Jr., to serve as Vice-Chair of the Board for the calendar year 2012. Co-chair appointments were voted on for each of the three committees that serve the Board. Jana S. Barker and Joey Snyder are co-chairs of the 2012 Legislative & Rules Committee; Betty J. Cagle and Steven C. Walton are the co-chairs of the 2012 Education, Experience & Testing Committee; and Patti L. Fisher and Lane Wheeler are the co-chairs of the 2012 Standards and Disciplinary Procedures Committee. Issue #29 – January, 2012 FHA Appraiser Roster How do I apply for the FHA appraiser roster? FHA provides instructions on applying for the FHA Appraiser Roster. FHA Application Process: As part of its application and renewal process, HUD/FHA relies on the National Registry, which is a database the ASC maintains. HUD is a Federal agency. Board staff cannot assist in the processing of applications or renewals for the FHA Appraiser Roster. Any questions about your FHA application or renewal must be directed to HUD. We understand that appraisers may call (202) 402-2041 to reach a HUD representative who can provide information on how to proceed in this regard. We also suggest you consult the HUD website: http://www.hud.gov/groups/appraisers.cfm Where do I find help for the FHA Roster? Appraisers may call (202) 402-2041 or e-mail AppraiserRoster@hud.gov to reach a HUD representative who can provide information on how to proceed in this regard. We also suggest you consult the HUD website. You may find answers to FHA Appraiser Roster frequently asked questions at the following site: http://www.hud.gov/offices/hsg/sfh/appr/faqs_appraiser.cfm. Question: I received an appraisal order that says: “If you can’t appraise the property for $XXX,000, you must not accept the appraisal assignment.” How should I respond to this appraisal order? Answer: Accepting such an assignment would violate the Management section of the ETHICS RULE, which states in pertinent part: An appraiser must not accept an assignment, or have a compensation arrangement for an assignment, that is contingent upon one of the following: 1. the reporting of a pre-determined result (e.g. opinion of value); 2. a direction in assignment results that favors the cause of the client; 3. the amount of a value opinion; 4. the attainment of a stipulated result (e.g. that the loan closes or taxes are reduced); or 5. the occurrence of a subsequent event directly related to the appraiser’s opinions and specific to the assignment’s purpose. You could respond to this request with the following statement: “I cannot accept the assignment with this condition because it violates professional ethics. You should be aware that I must develop the appraisal before I will know the results. I can only accept the assignment if you remove the predetermined value requirement.” Please refer to Advisory Opinion 19, Unacceptable Assignment Conditions in Real Property Appraisal Assignments, for additional guidance on appraisal requests with conditions. USPAP FAQ #12: DON’T ACCEPT UNLESS YOU CAN APPRAISE FOR $XXX.000 Information regarding education cycles: 21 of the required 42 hours of continuing education for your three-year licensing cycle MUST be taken in person. The course numbering system is as follows: 600-level courses are approved for qualifying education. All qualifying education courses are approved for continuing education. 60A and up level courses are approved for online or distance qualifying education. All qualifying education courses are approved for continuing education. 700-level courses are approved for in-class continuing education. 900-level courses are approved for online or distance continuing education. The 15-Hour National USPAP is course number 600 (in-class) and 60A (online). The 7-Hour National USPAP Update is course number 700 (in-class) and 900 (online). Issue #29 – January, 2012 Earthquakes: Did you feel it? The United States Geological Survey’s Earthquake Hazards Program has an informative website located at usgs.gov. In addition to raising earthquake awareness you can track earthquakes in Oklahoma and around the world. With the recent rise in earthquakes here in Oklahoma, Commissioner Doak and the Oklahoma Insurance Department have posted important “before, during and after” tips concerning earthquake preparedness on the Insurance Department’s website. Additionally, we will be researching educational opportunities available to Oklahoma appraisers and will post our findings to the website. Board staff and three Board members attended the Fall Conference of the Association of Appraiser Regulatory Officials (AARO) in Washington, D.C. between October 14th and October 18th. It was a well attended conference with a lot of informative and interesting information presented. Speakers included representatives of the Appraisal Foundation, the Appraisal Subcommittee, HUD, Fannie Mae and the FBI. Board Member Patti Fisher (fourth from the right) swears in at the AARO Board of Director’s meeting, October 2011. I hope that everyone enjoyed the holiday season and was able to spend quality time with family and friends. Now that it’s time to return to work with that turkey sandwich in tow, we’d like to say that our office has some exciting changes in store for you all. Many have said that they would like to see newsletters more often. Well, your Christmas wishes have come true. We are set to release a newsletter each quarter. If you did not receive the October 2011 newsletter, it can be found on our website, along with all of our past newsletters. Another wish granted is the Appraiser Roster, which is now available on our website. This document lists all active appraisers by county and is updated on a weekly basis. As always, we look forward to your feedback and **fingers crossed** hope to have news of the next Board sponsored course available very soon. ~ Shannon N. Gabbert ~ FROM THE DESK OF THE ADMINISTRATIVE OFFICER A.O. Shannon Gabbert & Board Member Patti Fisher at the 2011 AARO 20th Anniversary River Cruise Issue #29 – January, 2012 ATTENTION: TRAINEE AND STATE LICENSED APPRAISERS At the recent Association of Appraiser Regulatory Officials’ (AARO) Fall Conference, we learned of future changes to the Appraiser Qualification Criteria that may affect your ability to upgrade. At this conference, Appraisal Subcommittee (ASC) staff and members of the Appraiser Qualifications Board (AQB) spoke at length of upcoming changes, including the following: Effective January 1, 2015, the “in lieu of” opportunity set forth in the Appraiser Qualification Criteria with regard to college education requirements will be eliminated. What this means is that any future applicants wishing to apply for original licensure and/or upgrade must have an Associate’s Degree or higher to upgrade to Certified Residential and a Bachelor’s Degree or higher to upgrade to Certified General. The Board will no longer be able to accept “successful completion of seven specific college courses of three semester hours totaling twenty-one hours” for Certified Residential applications or “successful completion of ten specific college courses of three semester hours totaling thirty hours” for Certified General applications, as outlined in the current Criteria. If you have any additional questions or would like an information packet to be mailed to you with regard to upgrade, please contact Board staff at firstname.lastname@example.org or call us at (405) 521-6636. UPCOMING COURSE OFFERINGS Course Provider Course Title QE/CE CRS JANUARY Location Contact Appraisal Institute Business Practice & Ethics 4CE 760 13th OKC (405) 590-0185 Oakcrest Appr. Academy Residential Report Writing 15QE 614 20th-21st Stroud (918) 906-5982 Oakcrest Appr. Academy Basic Appraisal Procedures 30QE 602 22nd-25th Stroud (918) 906-5982 Tulsa Technology Basic Appraisal Principles 30QE 601 28th-29th Tulsa (918) 828-5414 Course Provider Course Title QE/CE CRS FEBRUARY Location Contact Tulsa Technology Basic Appraisal Principles 30QE 601 4th-12th Tulsa (918) 828-5414 Tulsa Technology 7-Hour USPAP Update 7CE 700 8th Tulsa (918) 828-5414 Tulsa Technology Mold: A Growing Issue 3CE 701 16th Tulsa (918) 828-5414 Course Provider Course Title QE/CE CRS MARCH Location Contact Appraisal Institute Res Apps: Using Technlgy 7CE 817 30 Tulsa (918) 832-9008 Tulsa Technology Basic Appraisal Procedures 30QE 602 3rd-11th Tulsa (918) 828-5414 Tulsa Technology 7-Hour USPAP Update 7CE 700 14th Tulsa (918) 828-5414 TIPS AND TIDBITS: TIP: Providers: We publish Course Announcements not only on our website, but also in our newsletter. So if you want to get your courses out to the appraiser population, what better way to do it? Send your Course Announcements as early as possible so that we can get them in the newsletter and on the website. TIDBIT: With regard to the 7-Hour USPAP Update Course requirements; please be aware that it is a two year cycle with a fixed date, which is the same for everyone. As an example: The last cycle was January 1, 2009 – December 31, 2010. The current cycle is January 1, 2011 – December 31, 2012. The next cycle will be January 1, 2013 – December 31, 2014. It is an odd year - even year cycle, unrelated to when it was last taken, and unrelated to an appraiser’s continuing education cycle. Note to all providers: Please be aware that all education courses should follow the prescribed timed outlines submitted with initial course approval. It is imperative that timelines are followed, within reason. A few minutes time difference is not going to have an impact on the overall course, but if students are allowed to leave several hours early, then the course is clearly much shorter in length. If that is the case, a revised timeline needs to be submitted so that the course hours may be modified accordingly. If you have additional questions regarding this matter, please feel free to contact our office. This publication was printed by the Real Estate Appraiser Division of the Oklahoma Insurance Department. It is authorized and issued by the Honorable John D. Doak, Oklahoma Insurance Commissioner. 1,275 copies were prepared at a cost of $935. 25 copies have been deposited with the Publications Clearinghouse of the Oklahoma Department of Libraries. This newsletter is distributed for informational and educational purposes only and does not constitute an endorsement by the Oklahoma Insurance Department or the Real Estate Appraiser Board of any service, company or individual offering any product or service. Issue #29 – January, 2012 OKLAHOMA REAL ESTATE APPRAISER BOARD Oklahoma Insurance Department 5 Corporate Plaza 3625 NW 56th St, Ste 100 Oklahoma City, OK 73112 The 2012 – 2013 USPAP has been released. The Appraisal Foundation has established an e-library of informational videos and training sessions. A short 23 minute video of the changes to USPAP adopted on April 8, 2011 can be found at appraisalfoundation.org. Appraiser Population as of November 30, 2011 • Certified General: 389 • Certified Residential: 446 • State Licensed: 176 • Trainee: 103 Total Appraisers: 1,114 Total AMCs: 105 HAPPY NEW YEAR!!! Complaint Statistics 2011 44 Grievances Filed * 3 against AMC’s *23 Adopted as a Complaint *21 Dismissed at PCC Level 2010 53 Grievances Filed *36 Adopted as a Complaint *17 Dismissed at PCC Level 2009 62 Grievances Filed *33 Adopted as a Complaint *29 Dismissed at PCC Level
|Okla State Agency||
Insurance Department, Oklahoma
|Okla Agency Code||'385'|
|Alternative title||Newsletter / Real Estate Appraiser Board|
Oklahoma. Real Estate Appraiser Board.
Oklahoma. Insurance Department
|Publisher||Oklahoma Insurance Department|
|Publication Date||2008; 2009; 2011; 2012|
|Serial holdings||Electronic holdings: 2008-2011|
Oklahoma. Real Estate Appraiser Board--Periodicals.
Real estate appraisers--Oklahoma--Periodicals.
|Notes||issues through 2011|
|OkDocs Class#||I1700.6 R288e|
|For all issues click||I1700.6 R288e|
|Digital Format||PDF, Adobe Reader required|
|ODL electronic copy||Downloaded from agency website: http://www.ok.gov/oid/Regulated_Entities/Real_Estate_Appraiser_Board_(REAB)/index.html|
|Rights and Permissions||This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders.|