HB 170 isn't really necessary as there is now a universal requirement from the Appraiser Qualifications Board that all appraisers take qualifying and continuing education regarding valuation bias and fair housing laws and regulations. All states must require that appraisers take an 8-hour course on these topics as part of their education for initial licensing. Already licensed or certified appraisers must initially take a 7-hour course followed every two years by a 4-hour course. While there is some overlap in the topic areas that must be included in course offerings in Virginia, there are a few topics that are not required by the AQB but could be required in Virginia. This will necessitate providers developing courses with the Virginia-specific content. This would add costs and regulatory burdens for Virginia appraiser education providers.
We are not opposed to requiring education in these topic areas. We just want to make sure that Virginia appraisers don't have to take two courses - one to satisfy the AQB requirements and one to satisfy the Virginia-specific requirements.
HB 170 isn't really necessary as there is now a universal requirement from the Appraiser Qualifications Board that all appraisers take qualifying and continuing education regarding valuation bias and fair housing laws and regulations. All states must require that appraisers take an 8-hour course on these topics as part of their education for initial licensing. Already licensed or certified appraisers must initially take a 7-hour course followed every two years by a 4-hour course. While there is some overlap in the topic areas that must be included in course offerings in Virginia, there are a few topics that are not required by the AQB but could be required in Virginia. This will necessitate providers developing courses with the Virginia-specific content. This would add costs and regulatory burdens for Virginia appraiser education providers. We are not opposed to requiring education in these topic areas. We just want to make sure that Virginia appraisers don't have to take two courses - one to satisfy the AQB requirements and one to satisfy the Virginia-specific requirements.