California Real Estate Law and Regulations
Licensing and oversight
The California Bureau of Real Estate Appraisers (BREA) licenses and regulates appraisers under the California Real Estate Appraisers Licensing and Certification Law. License levels include Trainee, Licensed Residential, Certified Residential, and Certified General, each with scope-of-practice limits. Trap: assuming a Licensed Residential appraiser may appraise any complexity or value - scope limits apply.
Federally related transactions
For federally related transactions, the appraiser must be state certified in the appropriate category and follow USPAP. Know that FIRREA drives federal appraisal requirements and that California implements them through BREA.
Real estate law essentials
Understand agency, fiduciary duties, disclosure obligations, transfer disclosure statements, Mello-Roos, special assessments, and Proposition 13 assessment limits. Understand subdivision map act, zoning, and easements. Appraisers must recognize title issues such as liens, encumbrances, and deed restrictions.
Discipline and compliance
BREA may investigate, fine, suspend, or revoke licenses. Appraisers must maintain records and comply with continuing education. Trap: confusing licensing authority (BREA) with the Department of Real Estate (DRE), which licenses salespersons and brokers.
Rule of thumb
When a question asks who regulates appraisers in California, the answer is BREA. When it asks who regulates salespersons and brokers, the answer is DRE.