Virginia Regulatory Town Hall
Department of Professional and Occupational Regulation
Real Estate Appraiser Board
Real Estate Appraiser Board Rules and Regulations [18 VAC 130 ‑ 20]
Action is Exempt from Article 2 of the Administrative Process Act
Federally Mandated Changes - Trainee & Supervisory
Action 3969
General Information
Action Summary Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA – Real Estate Appraisal Reform) was amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203) on July 21, 2010. Pursuant to this amendment, §1116 of FIRREA [12 U.S.C. 3345] requires “Trainee Appraisers” and “Supervisory Appraisers” to meet or exceed the minimum qualification requirements of the Appraiser Qualifications Board (AQB) of The Appraisal Foundation (TAF). The AQB’s minimum qualification requirements for Trainee Appraisers and Supervisory Appraisers are expressed in The Real Property Appraiser Qualification Criteria (Criteria), which can be accessed on the Board’s website at: The Criteria requires that only certified appraisers in good standing who have not been subject to any disciplinary action within the last two years that affects their legal eligibility to engage in appraisal practice be able to supervise licensed real estate appraiser trainees. The Criteria also requires that licensed real estate appraiser trainees complete 28 hours of continuing education to renew their license after the expiration of their first two-year license term. These requirements must be in effect by July 1, 2013.
Chapters Affected Only affects this chapter.
Executive Branch Review This Action is exempt from Article 2 of the Administrative Process Act. The normal executive branch review process is not required. As such, it can be submitted directly for publication and is effective upon publication.
Exempt Citation: Subsection A.4.c of § 2.2-4006 (to comply with federal law or regulation)
RIS Project Yes  [003713]
New Periodic Review This action will not be used to conduct a new periodic review.
Stages associated with this regulatory action.
Stage ID Stage Type Status
6573 Final Stage complete. This regulation became effective on 07/01/2013.
Contact Information
Name / Title: Anika Coleman  / Executive Director
Address: 9960 Mayland Drive, Suite 400
Richmond, VA 23233
Email Address:
Phone: (804)367-8552    FAX: (866)826-8863    TDD: ()-

This person is the primary contact for this board.