Commerce and Trade
Department of Professional and Occupational Regulation
Real Estate Appraiser Board
Standards and reporting requirements for evaluations
Purpose of legislation
Changes the definition of "evaluation" to distinguish from an appraisal performed in compliance with USPAP standards, and requires that an evaluation performed by a real estate appraiser meet certain reporting requirements.
|Legislation mandating a change||Chap 644 (2018)|
|VAC chapters to be amended|
|Associated Regulatory Actions||No regulatory action has been filed.|
At its May 22, 2018, meeting, the Board determined that rescinding Guidance Document 6220 would suffice and no additional regulatory changes are necessary.