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Alaska amends real estate appraiser law
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On June 20, Alaska Gov. Sean Parnell signed into law Senate Bill 129, a measure to amend state law to comply with the requirements of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
By passing the new law, Alaska joins many other states that have been working to bring their regulation of real estate appraisers in line with the standards promulgated by the Dodd-Frank Act. Any requirements established by states for certified real estate appraisers, trainees and supervisors must meet or exceed the minimum Appraiser Qualifications Board (AQB) requirements. Some of these requirements were implemented in 2013, and a new wave of requirements will take effect on Jan. 1, 2015.
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