California Bureau of Real Estate Appraisers

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Bureau of Real Estate Appraisers
Bureau overview
JurisdictionCalifornia
Bureau executive
  • Jim Martin, Bureau Chief
Parent bureauCalifornia Department of Consumer Affairs
Websitewww.brea.ca.gov

The California Bureau of Real Estate Appraisers (BREA) is a division of the California Department of Consumer Affairs responsible for real estate appraiser licensing and certification in California.

Activities

The California Real Estate Act has two core components: licensing and enforcement.

Appraisal Subcommittee (ASC), the federal government organization which oversees all state real estate appraiser licensing agencies.[2]

Enforcement

The enforcement unit, operates under a federal mandate, and ensures adherence to the federally required Uniform Standards of Professional Appraisal Practice (USPAP), California law and regulations.[2]

Licensing

In order to be issued an appraisal license, BREA requires applicants to meet all the criteria established by the

Appraisal Foundation.[3][4]

Regulations require the application for a real estate appraiser license to include their

social security number.[4] Pursuant to SB 237,[5] the licensing Unit also performs background checks on appraisal management companies in order to register them as required.[1]

Accreditation

BREA is responsible for the accreditation of educational courses and providers for real estate appraisers and has reviewed and approved over 1,800 pre-licensing and continuing education courses.

community college, University of California, and California State University systems, over 90 proprietary schools provide appraiser education.[1]

Laws and regulations

In response to Title XI of the

Regulation Z (12 CFR 226
).

A new

Regulation Z (12 CFR 226) of the Truth in Lending Act was adopted in 2008 (73 FR 44522) to help prevent the improper influence of appraisers and to reduce the chances that appraisers would be pressured to "hit" certain target property values or return pre-determined, unsupported valuations when appraising real property.[2]

See also

  • California Bureau of Real Estate

Notes

  1. ^ a b c d e "About BREA". California Office of Real Estate Appraisers. Archived from the original on 2014-01-07. Retrieved 25 January 2013.
  2. ^
    Statutes of California), Senator Curren Price
    , Senate Business, Professions and Economic Development Committee
  3. ^ "License information". California Office of Real Estate Appraisers. Archived from the original on 2014-01-07. Retrieved 7 January 2014.
  4. ^
    BPC § 11340 Archived 2013-01-25 at the Wayback Machine
  5. Statutes of California
  6. Statutes of California

External links
Retrieved from "https://en.wikipedia.org/w/index.php?title=California_Bureau_of_Real_Estate_Appraisers&oldid=1129686538"