ARC 0079D

ARC 0079D

REAL ESTATE APPRAISER EXAMINING BOARD[193F]

Adopted and Filed

Rulemaking related to definitions

    The Real Estate Appraiser Examining Board hereby amends Chapter 2, “Definitions,” Iowa Administrative Code.

Legal Authority for Rulemaking

    This rulemaking is adopted under the authority provided in Iowa Code chapters 17A and 543D.

State or Federal Law Implemented

    This rulemaking implements, in whole or in part, Iowa Code chapters 17A, 272C, 481, and 543D and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).

Purpose and Summary

    This rulemaking is intended to update the Appraiser Qualifications Board (AQB) Criteria dated January 1, 2022, to the current AQB Criteria dated January 1, 2026. The AQB Criteria establish the minimum standards for real property appraisers to obtain certification under the provisions of Title XI of the FIRREA. 

Public Comment and Changes to Rulemaking

    Notice of Intended Action for this rulemaking was published in the Iowa Administrative Bulletin on September 17, 2025, as ARC 9538C. No public hearing was held. No public comments were received. No changes from the Notice have been made.

Adoption of Rulemaking

    This rulemaking was adopted by the Board on January 20, 2026.

Fiscal Impact

    This rulemaking has no fiscal impact to the State of Iowa.

Jobs Impact

    After analysis and review of this rulemaking, no impact on jobs has been found.

Waivers

    Any person who believes that the application of the discretionary provisions of this rulemaking would result in hardship or injustice to that person may petition the Board for a waiver of the discretionary provisions, if any, pursuant to 481—Chapter 6.

Review by Administrative Rules Review Committee

    The Administrative Rules Review Committee, a bipartisan legislative committee which oversees rulemaking by executive branch agencies, may, on its own motion or on written request by any individual or group, review this rulemaking at its regular monthly meeting or at a special meeting. The Committee’s meetings are open to the public, and interested persons may be heard as provided in Iowa Code section 17A.8(6).

Effective Date

    This rulemaking will become effective on March 25, 2026.

    The following rulemaking action is adopted:

    ITEM 1.  Amend rule 193F—2.1(543D) as follows:

193F—2.1(543D) Applicability. The following definitions apply to the rules of the real estate appraiser examining board:

    “Appraisal Foundation” means the same as defined in Iowa Code section 543D.2(3).

    “Appraisal subcommittee” means the appraisal subcommittee of the Federal Financial Institutions Examination Council.

    “AQB” means the Appraiser Qualifications Board of the Appraisal Foundation.

    “AQB Criteria” or “the Criteria” means the Real Property Appraiser Qualification Criteria and Interpretations of the Criteria, effective as of January 1, 2022 2026.

    “ASB” means the Appraisal Standards Board of the Appraisal Foundation.

    “Associate real property appraiser” means the same as defined in Iowa Code section 543D.2(6).

    “Certified appraiser” means an individual who has been certified in one of the following two classifications:

    1.   The certified residential real property appraiser classification is qualified to appraise one to four residential units without regard to value or complexity.

    2.   The certified general real property appraiser classification is qualified to appraise all types of real property.

    “Director” means the same as defined in Iowa Code section 543D.2(9)“a.”

    “FFIEC” means the Federal Financial Institutions Examination Council.

    “FIRREA” means the Financial Institutions Reform Recovery and Enforcement Act of 1989.

    “USPAP” means the Uniform Standards of Professional Appraisal Practice published by the Appraisal Foundation, effective as of January 1, 2024.

This rule is intended to implement Iowa Code section 543D.2.

[Filed 1/20/26, effective 3/25/26]

[Published 2/18/26]

EDITOR’S NOTE: For replacement pages for IAC, see IAC Supplement 2/18/26.