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U.S. Code as of:
01/19/04
Section 3345. Certification and licensing requirements
(a) In general
For purposes of this chapter, the term "State certified real
estate appraiser" means any individual who has satisfied the
requirements for State certification in a State or territory whose
criteria for certification as a real estate appraiser currently
meets the minimum criteria for certification issued by the
Appraiser Qualification Board of the Appraisal Foundation.
(b) Restriction
No individual shall be a State certified real estate appraiser
under this section unless such individual has achieved a passing
grade upon a suitable examination administered by a State or
territory that is consistent with and equivalent to the Uniform
State Certification Examination issued or endorsed by the Appraiser
Qualification Board of the Appraisal Foundation.
(c) "State licensed appraiser" defined
As used in this section, the term "State licensed appraiser"
means an individual who has satisfied the requirements for State
licensing in a State or territory.
(d) Additional qualification criteria
Nothing in this chapter shall be construed to prevent any Federal
agency or instrumentality under this chapter from establishing such
additional qualification criteria as may be necessary or
appropriate to carry out the statutory responsibilities of such
department, agency, or instrumentality.
(e) Authority of Appraisal Subcommittee
The Appraisal Subcommittee shall not set qualifications or
experience requirements for the States in licensing real estate
appraisers, including a de minimus (!1) standard. Recommendations
of the Subcommittee shall be nonbinding on the States.
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