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| Council of Pennsylvania Real Estate Appraisers | ||
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Council of Pennsylvania Real Estate Appraisers
What's New
The New Rules and Regulations have finally been published in the PA Bulletin. This was the final step in the process. The Rules and Regulations are effective upon publication.
The Pennsylvania Bulletin
Do you need to find an appraiser? Visit PA Appraiser Source, our database of qualified experts, to find an appraiser that provides services in specific geographic areas in Pennsylvania. You can now search by county coverage area to find the appraiser with experience and expertise of local markets. Appraisal Mentor List. If you are interested in being a mentor please email us. Changes effective 1/1/08 for certification and licensing of real estate appraisers. View the pdf file summarizing these changes. USPAP 2005- Appraisal Foundation Summary of Actions (pdf). USPAP2006 is online for your reference. Transactions That Require Appraisals Although the agencies' appraisal regulations exempt certain categories of real estate-related financial transactions from the appraisal requirements, most real estate transactions over $250,000 are considered federally related transactions and thus require appraisals. A "federally related transaction" means any real estate-related financial transaction in which the agencies engage, contract for, or regulate, and that requires the services of an appraiser. An agency also may impose more stringent appraisal requirements than the appraisal regulations require, such as when an institution's troubled condition is attributable to real estate loan underwriting problems. Source
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©2006 Council of Pennsylvania Real Estate Appraisers, Inc. 1103 West Front Street, Berwick, PA 18603 570-759-6363 phone -- 570-759-6765 fax Web Development: WCG, e-mail |
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