To date, the Board requires that a licensee shall complete 45 hours of continuing education which shall include the completion of a 7-hour USPAP Update course every 24 months to renew a three (3) year appraiser license. However, effective May 13, 2011, Massachusetts General Law Chapter 112, Section 181 requires that the Board reduce its licensure period from three (3) years to two (2) years and prorate its continuing education regulation.
Consequently, due to the statutory amendment, the Board voted to propose that a licensee renewing a two (2) year appraisal license shall complete twenty-eight (28) hours of continuing education which shall include the 7-hour USPAP Update course. The Board's proposed regulatory amendment removes a licensee's obligation to complete the 7-hour USPAP Update course every 24 months. The amendments only require the completion of a 7-hour USPAP Update course for licensure renewal.
In recognition that the statutory amendment may be causing confusion, pending adoption of the new regulations, the Board shall, effective immediately, not actively enforce the requirement in 264 CMR 4.01(5)(e) that licensees complete the 7-hour USPAP update within 24 months of the last USPAP update. This decision by the Board is based on its discretionary authority to direct its enforcement resources where they are most needed. It should not be interpreted as overruling any past disciplinary action for violation of the above regulation.
Please note, due to requirements of the Appraisal Qualifications Board (AQB), the Board remains obligated to enforce a more lenient requirement that licensees take the 7-hour USPAP Update course every two (2) calendar years as well as a full 45 hours of continuing education prior to renewal.
Effective Date: May 26, 2011