![]() Qualified business loans with a transaction value less than $1M – These are generally owner-occupied business loans where a lien on the real estate is taken in addition to other collateral (PP&E, receivables, owners’ personal real property, etc.) There are five categories of real estate related financial transactions engaged in by federally regulated financial institutions that do not require a USPAP-compliant appraisal performed by a state-licensed or state-certified appraiser:Ĭommercial real estate (CRE) related financial transactions with a transaction value less then $500,000Īny real estate related financial transaction with a transaction value less than $400,000 State Licensing & Certification Requirements.High Performances Buildings / Green Valuation. ![]() Appraisal Review Licensing Requirements.Appraisal Regulatory System Modernization.In compliance with Act 2018-270, the LREAB requires all employees to complete at least one hour of education and training on preventing sexual harassment. The LREAB is committed to preventing sexual harassment. Accordingly, unless otherwise provided by law, it is unlawful for any person not licensed by the Louisiana Real Estate Appraisers Board to perform an evaluation for or in expectation of compensation or other valuable consideration. 19-0078 reaffirms that an “evaluation” is subject to the requirements imposed by the Louisiana Real Estate Appraisers Law (La. Please click the following link to access a copy: La. On September 11, 2019, the Louisiana Department of Justice issued Attorney General Opinion 19-0078 addressing whether individuals who are not state-licensed appraisers may perform “evaluations” as the term is provided for in the Interagency Appraisal and Evaluation Guidelines. It is our pleasure to be of service to you! Can't find what you need? Contact one of our staff members for assistance. While each division performs separateĪnd distinct duties, the input and cooperation of several divisions may be required to effectively serve you. ![]() ![]() There are five divisions within the agency: Accounting, Administrative, Education, Investigative, and Licensing. It is our goal is to ensure professional competency among real estate appraisers and to promote a market environment in real estate transactions that is fair and equitable for appraisers and their customers and clients. It is our job to enforce the Louisiana Real Estate Appraisers Law and the Rules and Regulations of the Board and to monitor the mode and method by which real estate appraisals are conducted in this state. The Louisiana Real Estate Appraisers Board is the state government agency that administers and regulates the real estate appraiser licensing and certification program for the State of Louisiana. ![]() This education requirement must be completed to ensure timely renewal.Ĭourses completed to satisfy real estate license CE requirements will likely not count toward your appraisal CE requirement.It is mandatory for all renewing appraisers to send course completion certificates for all required education to the LREAB via email to or mail to 9071 Interline Avenue, Baton Rouge, LA 70809. ĭue to an Appraisal Subcommittee requirement, the LREAB will be auditing the education records of all appraisers renewing their certification this year.All renewing appraisers must have earned 28 hours of continuing education credit, including the “7-hour USPAP Update” course, within the two-year renewal cycle. IMPORTANT: The Federal Trade Commission has ordered LREAB to rescind and cease enforcing the customary and reasonable fee rule, LAC 46:LXVII.31101 (A, B, and C). ![]()
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