This final rule explicitly conforms the eligibility requirements for applicants to the Federal Housing Administration (FHA) Appraiser Roster to longstanding HUD practices, as well
as to existing nationwide industry practice. Only appraisers on the roster may perform required appraisals of properties that are to serve as security for FHA-insured single-family mortgages. Among other requirements, the current regulations require that an applicant must be a state-licensed or state-certified appraiser and pass a HUD examination on FHA appraisal methods
and reporting. This final rule codifies HUD’s longstanding practice and the nationwide practice that such certification or licensing comply with national criteria for education, experience, and passage of a stateadministered examination. This final rule also eliminates the requirement for
applicants www.charlotte-appraiser.net (further info) to pass a HUD test on FHA appraisal methods and reporting, because the test has become duplicative of the national examination requirements for state licensure and certification and, therefore, unnecessary. Valuation Experts is a residential appraisal firm located in Charlotte, NC, providing FHA appraisals in Mecklenburg, Union, Iredell and Cabarrus, North Carolina.