Appraiser Licensing
Each State's appraiser certification process must meet Federal guidelines set forth in the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989.  The purpose of the Act is to provide real estate appraisers a process for certification which will allow them to participate in federally regulated real estate-related financial transactions as defined and recognized in Title XI of FIRREA.  In other words, a mortgage being underwritten by a national bank requires that an appraiser be licensed or certified by his or her state.

The appraiser's state license or certification is evidence that the appraiser has performed a specified number of work experience hours, as an intern trainee appraiser, under the direct supervision of a State Board approved appraiser, and having passed a State Examination, and completes a specific number of hours of ongoing Continuing Education Training. Visit the Oklahoma Real Estate Appraiser Board website.

Prior to the Savings and Loan crisis of the 80s, which gave rise to appraiser licensing, appraisers had to market their expertise, service, professionalism and association designations. Many feel that state licensing has diluted the appraisal profession. Many consider licensure a bare minimum of what you should expect from an appraiser.

We have worked hard to establish a reputation for quality and prompt work, performed professionally and ethically, with outstanding customer service. You should never just look for a licensed appraiser; you should be discriminating in choosing your service providers.  Tour our website for valuable information on the experience we have and the service we provide.

You should always be sure your appraisal service provider is licensed and in good standing.  The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a Appraiser Qualification Board (AQB) national registry database of appraisers and their license/certification status.  

You can rest assured that State Licensed Appraiser, David R. Cranke, is AQB Compliant, listed in the National Registry, in active status and in good standing.  

Among other things, this database, which relies on reports from each state appraisal board, will tell you if a service provider you are considering has had his or her license suspended, revoked, or whether the license has lapsed.