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Appraisal Foundation warns of federal push to relax appraisal entry requirements; PEREA program producing qualified candidates
Summary
Representatives from the Appraisal Foundation told the Tennessee commission that a March executive order directs federal agencies and could pressure national qualification standards, and they updated the board on the PEREA career program that has produced licensed candidates with high exam-pass rates.
Representatives from the Appraisal Foundation and the Appraisal Institute told the Tennessee Real Estate Appraiser Commission on April 20 that the appraisal profession faces near-term pressure from a March 13 presidential executive order to modernize appraisal requirements and broaden alternative valuation methods.
Pete Fontana, a trustee of the Appraisal Foundation and chair of its state-harmonization task force, told the commission that the executive order "put the target right on the back of the appraisal foundation," and that federal agencies may…
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