Oklahoma Board sets education requirements for State Licensed Appraiser certification

House Bill 1646, introduced in the Oklahoma State Legislature on March 24, 2025, aims to reform the certification process for appraisers in the state. The bill outlines new educational requirements for individuals seeking to become State Licensed Appraisers and Trainee Appraisers, emphasizing the need for classroom hours related to professional standards.

The primary purpose of HB1646 is to ensure that aspiring appraisers complete a minimum education requirement as specified by the Appraiser Qualification Criteria from the Appraisal Foundation. This includes courses from recognized institutions, which must be made available regionally across Oklahoma before the examination date. Notably, the bill exempts appraisers licensed before July 1, 2001, from needing additional classroom hours to maintain their certification.

Debate surrounding the bill has focused on its potential impact on the appraiser workforce. Supporters argue that the enhanced educational standards will improve the quality of appraisals and protect consumers, while opponents express concerns about the accessibility of required courses and the burden it may place on current appraisers. Amendments to the bill have been proposed to address these concerns, but discussions remain ongoing.

The implications of HB1646 extend beyond the appraisal profession. By raising educational standards, the bill could influence the real estate market in Oklahoma, potentially leading to more accurate property valuations. Experts suggest that this could enhance consumer confidence and stabilize the housing market, although the immediate effects on appraiser availability and costs remain uncertain.

As the legislative process continues, stakeholders from various sectors are closely monitoring the bill's progress, anticipating its potential to reshape the landscape of real estate appraisal in Oklahoma. The next steps will involve further discussions and possible revisions before a final vote is scheduled.