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CONTACT AAREA 14530 N 90th Lane Peoria, AZ 85381 623-933-0797 phone 623-583-7409 fax Send Us 
E-mail
Copyright 2010,2011 Arizona Association of Real Estate Appraisers (AAREA) All Rights Reserved |
OF
REAL ESTATE APPRAISERS
AAREA
AAREA was founded to improve the appraisal profession, the professionalism of appraisers and to support and represent our members.
LEGISLATIVE SURVEY
Click here to go directly to the AAREA Legislative Survey.
AAREA has taken input from appraisers around Arizona and has developed suggested legislation.
But before AAREA puts forth legislation that can affect you and your business, we are asking for your opinion: Is this legislation you want and can support?
Please let us know your opinion of what is proposed.
Below is a summary of the questions on the survey.
- Customary and Reasonable Fees: The customary and reasonable fee paid to an appraiser by an Appraisal Management Company for an appraisal used for residential lending purposes with the real estate as collateral, shall be no less that the fees established by the United States Department of Veteran Affairs for the same type of appraisal.
- Disclosure of Fees: Strike: The appraisal management company shall not prohibit the appraiser from reporting in the appraisal report the fee paid to the appraiser. ADD: The appraiser must report the fee paid to the appraiser in the Scope of Work section of the appraisal report.
- Turn-Around Time: An appraisal management company may request a time limit in which to deliver an appraisal from the date of the site visit, but in no case shall that time limit be less than three (3) full business days from the date of inspection.
- Prohibited Practices: An appraisal management company or an employee, director, officer, or agent of an appraisal management company may not require an appraiser to indemnify or hold harmless the appraisal management company against liability except liability for errors and omissions by the appraiser.
- State Board of Appraisal: Add the following sentence: The executive director must be either a certified residential or a certified general appraiser or have been licensed or certified in the past as an appraiser. (Note: Some states did not have a separate category for ‘certified residential’ and had only licensed appraisers until recently.)
- USPAP To Be Required for ABOA Members: ARS 32-3604. All Arizona Board of Appraisal members must have taken, or will take upon acceptance of appointment to the Board, the Uniform Standards of Professional Appraisal Practice.
- Remove Period When No Course Credit Can Be Given: ARS 32-3619. Add Paragraph F: Any qualifying continuing education class taken by the renewing appraiser after the renewal application has been delivered to the Board and within the time frame allowed for delivery of the application to the Board may be applied to the subsequent renewal period.
- Increase Reactivation Time for Renewal for Returning Military Personnel: ARS 32-3628. Paragraph D: A license or certificate holder on inactive status must file with the board an application for reactivation of the license or certificate within one hundred-twenty days have returning from military due. Paragraph E: The license or certificate holder must submit proof of completion of any continuing education requirements to the board no later than one hundred-twenty days after completion. (Note: Current Statutes state 30 days.)
- Standard 3 Reviews Required for Complaints Filed by a Lender: Any complaint sent to the Arizona Board of Appraisal by a lender or appraisal management company must include a USPAP compliant Standard 3 Review completed by an appraiser certified in Arizona.
Want to Help?
AAREA membership is free. Sponsorships and Donations are needed to pay our costs.
AAREA is working for the appraiser with special emphasis on the Arizona appraiser.
We have no ties to national appraisal organizations.
We are not funded by lenders or AMCs.
If you are not a member, please join and contribute in giving appraisers a voice.
Become A Member.
Membership is FREE.
- Membership is open to any certified or licensed appraiser, but no officer, board member, committee chair, or immediate past president of another professional appraisal organization will be able to serve on the Board or as President in order to avoid a conflict of interest.
- AAREA is funded through sponsorships, fundraising and other means.
Take the AAREA Pledge
I pledge to uphold the rules, standards and principles of the Uniform Standards of Professional Appraisal Practice.
I pledge to perform my appraisal assignments with integrity, independence, objectivity, and impartiality.
I pledge to conduct myself as a professional in my interactions with those I meet during the course of business.
I pledge to promote the appraisal profession by word, by my conduct, and by treating other appraisers with respect.
Click Here to Become a Member.
AAREA's ACCOMPLISHMENTS SO FAR:
- AAREA will be one year old at the end of July. We have grown to be the largest appraisal organization in Arizona (over 450 members) and AAREA represents approximately 1 in 5 Arizona appraisers.
- AAREA members took action on proposed legislation that would have allowed the Arizona Board of Appraisers to raise appraisal renewal fees. Our calls to the legislature resulted in the legislation being withdrawn.
- This year proposed legislation would have put an AMC representative on the Arizona Board of Appraisers. Again, our members calls to state legislators resulted in this legislation being withdrawn.
- AAREA conducted the only survey on Customary and Reasonable fees that included a time frame and itemization of the components of a basic appraisal. Results can be seen on the Survey - Customary & Reasonable Fees Page (link at left).
- We also took a survey of Arizona Appraisers with regard to AMCs that deserved a Gold Star and those that should be put on a Bad & Ugly List. We published that list and as a result we have had AMCs change their payment practices in order to be removed from the Bad & Ugly List (see page at left). This list made national news and has been cited by appraisal blogs and newsletters throughout the country.
- We have made calls to AMCs on behalf of AAREA members who have been asked to sign documents stating that the fees paid were customary and reasonable. In all cases, the request was dropped.
- AAREA took a survey on the proposed changes to USPAP and turned the survey results over to the Appraisal Foundation's Appraisal Standards Board. The 160 responses more than gradrupled the committees responses to date and gave the committee a statistical report of how appraisers felt on specific issues. Arizona appraisers were given a voice on the national level.