due to COVID 19
Due to COVID 19, the AAREA 2020 Forum has been postponed to this fall, Friday, September 18, 2020.
The Forum has been approved by the DFI for 7 Hours of CE and that will not change.
Brandy Holzer and the Forum Committee are in the process of contacting the presenters and sponsors and hope all will join us in the fall. Updates to the program, will be made as time progresses.
If you registered online, you should have received a notice to contact us if you wish a refund.
AAREA is awaiting news from the DFI on whether there will be an extension to the renewal process. The Appraisal Foundation has sent a letter to the Appraisal Sub-Committee requesting this be permitted. If you have any questions about registration please contact firstname.lastname@example.org as she is handling this area for the moment.
The Appraisal Foundationhas prepared a comprehensive Q & A along with links to further resources.
Click her for link to the TAF Q & A on COVID 19 & how it may impact appraisers.
The following is a brief summary of the Foundation Report, the ASB and AQB Reports:
o TAF will be open with staff tele-working
o Investigator Training is cancelled for this year.
o 90% of real estate transactions are not covered under TitleXI of FIRREA and the Foundation has asked for a study by the GAO (Government Accountability Office)
o John Brennan, VP of Appraisal Issues, is leaving after 16 years. (We will miss him)
o Lisa Desmarais will be taking John's position. Lisa has served on the ASB and is a Certified Residential Appraiser.
o The First Draft of the 2022-23 USPAP is out and the period for comments has been extended to April 30th.
o AAREA will be putting out a survey on the proposed changes, some of which are significant.
* Proposal to do away with the report label of "Appraisal"
* Adding a definition of Evaluation
* Questions on "significant appraisal assistance" and whether disclosure is required when done by someone who is not an appraiser
* Should the definition of "personal inspection" be broader?
O The AQB is recommending the ASC allow classroom CE to be converted to Synchronous education delivery (like Zoom) during the COVID crisis. 7 Hr USPAP could be delivered this way.
O AQB encourages a 90 day rolling extension for license renewals during the crisis (AAREA has asked DFI to let us know if they will)
O See USPAP 2020-21 discussion in AO-2 regarding use of extraordinary assumptions when preparing a report where interior was not inspected.
REAL ESTATE APPRAISERS
AAREA was founded to improve the appraisal profession, the professionalism of appraisers and to support and represent our members.
AAREA is working for the appraiser with special emphasis on the Arizona appraiser.
We are not funded by lenders or AMCs.
If you are not a member, please join and contribute in giving appraisers a voice.
Membership is open to any certified, licensed appraiser, or trainee.