BOARD NEWS

USPAP UPDATE REMINDER

All trainees and appraisers must complete the 2022-2023 7 Hour USPAP Update by May 31, 2022, in order to renew in 2022.  This is the only course required to renew in 2022. The course will require each student to have a copy of the 2020-2021 USPAP book, the 2022-2023 7-Hour National USPAP Course Student Manual and the 2022 USPAP Reference Manual.  These publications can either be in print or digital.  Students should check with their course provider to see if these books will be provided with the class or if they need to be acquired in advance from the Appraisal Foundation. The 2022-2023 7 HR USPAP Update must be reported to the Board and showing in your CE record before you are eligible to renew. 

 

ANSI/FANNIE MAE REQUIREMENT

While the Board does not require you complete the ANSI course in order to renew your license, Fannie Mae will require appraisers to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later on loans sold to Fannie Mae. Please click here for the ANSI Fact Sheet.