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NH Appraisal Board

New Hampshire Real Estate Appraiser Board aims to protect financial and public policy interests of federal government in matters concerning real estate transactions by adhering to a uniform standard in connection with real estate appraisal licensures and regulations. The Financial Institutions Reform, Recovery, and Enforcement Act was passed in 1989 and the establishment of New Hampshire Real Estate Appraisal Board followed in its wake. The purpose of the board was to bring the state of New Hampshire in compliance with the said act and to ensure that only competent real estate appraisers would involve in federally-related transactions. Moreover, it was also made sure that the conduct of such appraisers would be subject to careful supervision.

New Hampshire Real Estate Appraisal Board: Ite Membership

By constitution, the New Hampshire Real Estate Appraiser Board should have seven members, duly appointed by the governor and the executive council. Each member can serve the board for a term of three-years and is also eligible for appointment for the next term. However, a person can, in no case, remain a member of NH Appraisal Board for more than two successive terms. Those having an experience of minimum five years as a certified residential appraiser, certified general appraiser or a certified appraiser with a license for brokerage can be considered for the membership of the NH Real Estate Appraisal Board. Besides, the board must contain representatives of lending institutions and the banking commissioner or his/her designee. There is also a provision for two members representing the general public of the state. For all their services, the members are not provided with any compensation.

In order to carry out its purpose, the New Hampshire Appraisal Board meets every month, normally on the second Friday of the month. Besides considering the applications for real estate appraisal licenses, it discusses on issues concerning the effective supervision of the licensed New Hampshire appraisers. Complaints from the consumers regarding violations of the appraisal rules and standards by licensed appraisers are also entertained and appropriate disciplinary actions are taken.

NH Board of Real Estate Appraisers: Their Activities

The New Hampshire Real Estate Appraiser Board awards four levels of credential, which include Apprentice, Licensed Residential Appraiser Classification, Certified Residential Appraiser Classification and Certified General Appraiser Classification. You can check out the website of the New Hampshire Real Estate Board to gain more information regarding the educational qualifications needed for the award of these licensing categories.

A licensed real estate appraiser in New Hampshire is indeed a need for obtaining home mortgage loans reasonably and acquiring useful information on foreclosure, besides executing a number of other real estate related jobs.

For further information, visit the official website of NH Appraisal Board.

New Hampshire Real Estate Appraiser Board
State House Annex - Room 426
25 Capitol Street
Concord, NH 03301-6312
Tel: (603) 271-6186
Fax: (603) 271-6513
Website: http://www.nh.gov/nhreab/


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