Oregon Law
Law as of Jan 1, 2026
Chapter contents
674.010Definitions 674.020Purposes 674.100Persons engaged in real estate appraisal activity required to be certified, licensed or registered; exclusions; violations 674.103Consideration of energy efficient improvements 674.105Authority of Appraiser Certification and Licensure Board to require fingerprints 674.120Nonresident certificate or license recognized; criteria 674.130Appraisal standards for federally related transactions 674.140Grounds for discipline 674.145Procedures to follow before instigating disciplinary proceedings; timing of proceedings; rules 674.150Maintenance of appraisal records 674.160Reciprocal agreements with other states; procedures 674.170[1993 c.465 §5; repealed by 2005 c.730 §77] 674.200Definitions for ORS 674.200 to 674.250 674.205Registration requirement; exceptions; list of registrants; renewal; rules 674.210Surety bond 674.215Audits; rules 674.220Prohibited activities 674.225Payment to independent contractor appraiser 674.230Forwarding of complaints; rules 674.235Denial, suspension and revocation of registration 674.240Duty to report unethical or unprofessional conduct 674.245Documentation of training; rules 674.250Fees 674.305Appraiser Certification and Licensure Board; appointment; term; compensation; conduct of business; rules 674.310Duties and powers of board; rules 674.320Continuing authority of board 674.330Fees; rules 674.340Board funds; Federal Registry Fund 674.343[2001 c.521 §1; 2003 c.14 §428; repealed by 2005 c.109 §9] 674.346[2001 c.521 §2; repealed by 2005 c.109 §9] 674.349[2001 c.521 §3; 2003 c.794 §316; repealed by 2005 c.109 §9] 674.352[2001 c.521 §4; repealed by 2005 c.109 §9] 674.355[2001 c.521 §5; repealed by 2005 c.109 §9] 674.358[2001 c.521 §6; 2003 c.794 §317; repealed by 2005 c.109 §9] 674.361[2001 c.521 §7; repealed by 2005 c.109 §9] 674.364[2001 c.521 §8; 2003 c.405 §9; repealed by 2005 c.109 §9] 674.367[2001 c.521 §9; repealed by 2005 c.109 §9] 674.405Adjustments to appraisal not required based on form of conveyance 674.410Written report required to present testimony on appraisal 674.850Civil penalties 674.990Criminal penalties 674.995Civil penalties for violation of ORS 674.200 to 674.250

Chapter 674 — Real Estate Appraisers and Appraisal

ORS 674.305 Appraiser Certification and Licensure Board; appointment; term; compensation; conduct of business; rules

(1)

The Appraiser Certification and Licensure Board is established. The board shall operate as a semi-independent state agency subject to ORS 182.456 to 182.472 for purposes of carrying out the provisions of this chapter. The board shall consist of eight members. The members shall be appointed by the Governor and must be residents of this state.

(2)

The board shall be composed of:

(a)

Five appraisers certified or licensed under ORS 674.310;

(b)

One individual who is employed by a financial institution or a mortgage banker;

(c)

One member who represents appraisal management companies registered under ORS 674.205; and

(d)

One individual who is a public member and who:

(A)

Is not engaged in professional real estate activity;

(B)

Is not a state certified or state licensed appraiser;

(C)

Is not employed by a financial institution or a mortgage banker; and

(D)

Does not have a direct financial interest in any person who is required, or whose employees or agents are required, to be state licensed or state certified appraisers.

(3)

The term of office of each member is four years with two terms maximum, but a member serves at the pleasure of the Governor. Before the expiration of the term of a member, the Governor shall appoint a successor whose term begins on July 1 next following. A member is eligible for reappointment. If there is a vacancy for any cause, the Governor shall make an appointment to become immediately effective for the unexpired term. A member may not be appointed to serve more than two consecutive terms on the board.

(4)

The board shall select one of its members as chairperson and another as vice chairperson, for such terms and with duties and powers necessary for the performance of the functions of such offices as the board determines.

(5)

A majority of the members of the board constitutes a quorum for the transaction of business.

(6)

The board shall meet at least once every three months at a place, day and hour determined by the board. The board also shall meet at other times and places specified by the call of the chairperson or of a majority of the members of the board.

(7)

In accordance with applicable provisions of ORS chapter 183, the board shall adopt rules necessary for the administration of this chapter.

(8)

The appointment of a member of the board is subject to confirmation by the Senate in the manner prescribed in ORS 171.562 and 171.565.

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Provenance

Version history

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