Important Information for All South Carolina Appraisers
The 2020-2021 Uniform Standards of Professional Appraisal Practice (USPAP) manual was extended to December 31, 2023, by the Appraisal Standards Board (ASB) and approved by the South Carolina Real Estate Appraisers Board. The ASB is currently updating this version and is expected to have the 2024-2025 USPAP manual available by November of this year.
SC appraisers will be required to renew by June 30, 2024. At that time, you will be required to complete the mandatory 2024-2025 7-hour USPAP Update course as part of your 28 hours of continuing education. This course also is expected to be available by November of this year.
As with past editions, the Appraisers Board will vote at its November meeting on whether the 2024-2025 USPAP manual will be offered free of charge to our licensees. Staff will send out notice a to licensees after the Board meeting with further information.
Additional questions can be directed to staff by choosing the appropriate option under “Contact Us” on the right side of the Real Estate Appraisers Board’s homepage.
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Important information for all Appraisal Management Companies registered with the South Carolina Real Estate Appraisers Board
Appraisal Management Companies renew in South Carolina biennially in odd years, so the next renewal fee and documentation will be due by June 30, 2023.
The Board is adding the option to renew online beginning with the 2023 renewal. The online renewal will be available sometime after April 1, 2023. There are a few documents required in the renewal process, and these documents (financial statement, bond or bond continuation and owners’ forms) will need to be submitted separately from the online renewal. You can e-mail the documents or mail them directly to the Board. The renewal will not be complete until board staff is in receipt of all documents and payment.
Appraisal Management Companies also have to pay National Registry fees annually. The Board will begin collecting National Registry fees after April 1, 2023, and the fees must be paid by June 30, 2023. The National Registry form will be available on the Board’s website sometime after April 1, 2023 and can be completed and mailed directly to the Board any time before June 30, 2023. All registered Appraisal Management Companies, regardless of the initial registration date, must submit this completed form, even if no money is owed.
The National Registry fee cannot be paid online. However, if you choose to, you can e-mail staff your completed form (available after April 1, 2023) and we can invoice the fee after documentation has been reviewed and approved. You may e-mail staff here.
Please review the website for mailing address, board e-mail address, and new or updated forms. As always, you can contact Board staff for answers to any of your questions concerning laws, policies and other requirements if you are unable to locate your answers on the website.