Appraisal Subcommittee Announces Increase in National Registry Fee

Starting in 2012, it will become more expensive to be a licensed or certified appraiser in the United States.

The Appraisal Subcommittee (ASC) recently announced an increase in the annual registry fee for state licensed and certified appraisers, effective January 1, 2012. The fee, which has been $25 per year since its inception, will increase to $40 per year per appraiser. Individual state licensing and certification agencies are responsible for collecting this fee and forwarding it to the ASC.

This will mean that starting in 2012, renewal costs will increase by $15 for appraisers in states with annual renewal cycles, $30 for appraisers in states with biennial renewal cycles, and $45 for appraisers in states with triennial renewal cycles.

The announcement was made at this time in order to give states a reasonable amount of time to implement the increase. The ASC has stated that this fee increase is necessary to support its additional regulatory activities that were mandated by the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act earlier this year.

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5 Responses to “Appraisal Subcommittee Announces Increase in National Registry Fee”

5
Peter J. Vergados Says:
January 13th, 2011 at 5:53 pm
Licensing fees by states are nothing more than “ENHANCED REVENUE COLLECTION” FOR THE STATES COFFERS– i.e. Fees is another term for TAXES

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4
Barry Says:
January 13th, 2011 at 3:46 pm
That my friends is a 60% increase in fees. It won’t be long before those appraisers that stood up and clapped for the Dodd-Frank Act just want to sit down and kill themselves for having stood and clapped.

Like or Dislike: 1 0
3
Marc Says:
January 11th, 2011 at 3:50 pm
I recall attending a large meeting in Anaheim CA back in early part of 1990. It was chaired by Sen. Doug Barnard a Dem from Georgia and who introduced the appraisal licensing act. At the end of the meeting, which was attended by 1,000+ persons, he was asked how much appraisal licensing would cost and I remember him saying only about $35.00 a year!! Of course, we all have incurred much higher costs than what the “politico” stated. In fact, if an appraiser is licensed in more than one state, that appraiser is looking at thousands of dollars a year. Anytime the federal gov gets involved in something, you can be assured that cost will go up and quality will go down.

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2
Debbie Says:
January 11th, 2011 at 3:30 pm
The ASC has decided that appraisers need to pay more fees because appraisers have been paying the same all these years.

Does this have anything to do with the amount of appraisers who have lost thier liveliehoods due to the really deep cuts in fees?

Appraisers have been paid $200. for an appraisal, (A much simpler one) in 1970′s. In the 1980′s they went up to $225. and $250. (also less complicated). In the 1990′s it was still $250 and $275 for an FHA. Now they are doing appraisals for less than the 1970′s price, and the appraisals are 25-30 pages in length. ($160-$265). And now tell me the cost of living has gone down from the 1970′s! Just wait till the gas prices get to $5.00 per gallon. There won’t be any appraisers left.

Like or Dislike: 17 0
1
Nelson Says:
January 11th, 2011 at 3:14 pm
So as our fees have dramatically decreased they are increasing our license fees. Perfect!!!

Like or Dislike: 15 0