The California bureau Real Estate Appraisers (BREA) is a division of the California Consumer Affairs Department responsible for licensing and certifying real estate appraisers in California.
Video California Bureau of Real Estate Appraisers
Activity
The California Real Estate Act has two core components: licensing and law enforcement. Licensing and enforcement functions are required by the Appraisal Subcommittee (ASC), a federal government organization that oversees all state property real estate appraisal agencies.
Enforcement
Law enforcement units, operating under federal mandate, and ensuring compliance with the applicable federal Professional Practice Defamation Standards (USPAP), federal laws and regulations.
License
To issue the assessment license, BREA requires applicants to meet all criteria established by the Assessor Qualification Board (AQB) from the Appraiser Foundation.
Regulations require applications to license a real estate appraiser to enter their social security number. Under SB 237, the License Unit also conducts background checks on the assessment management company to register them as required.
Accreditation
BREA is responsible for accrediting educational programs and providers for real estate appraisers and has reviewed and approved more than 1,800 pre-licenses and continuing education programs. In addition to the courses related to real estate assessments offered by community colleges, the University of California, and the California State University system, over 90 exclusive schools provide appraisers education.
Maps California Bureau of Real Estate Appraisers
Legal and regulatory
Responding to Title XI of the Financial Institution Reform, Recovery and Enforcement Act of 1989 (FIRREA), the California Legislature enacted the Licensing of Real Estate Appraisers and Certification Laws in 1990 as amendments to the Real Estate Law. State regulations are codified in Chapter 6.5, Title 10 of the California Code Rules (10 CCR Ã, § 3,500 et seq.), And federal regulations are included in Regulation Y ( 12 CFR 225 Subpas G ) and Rule Z ( 12 CFR 226 ).
The new Regulation Z ( 12 CFR 226 ) of the Truth in Lending Act was adopted in 2008 (73 FR 44522) to help prevent undue influence from assessors and to reduce the chances that assessors will be pressured to " "the value of a specified target property or return a predetermined valuation and is not supported when assessing the actual property.
See also
- California Real Estate Bureau
Note
External links
- Official website
- Real Estate Appraisers in California Rules Rules
Source of the article : Wikipedia
0 Comments