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Highlights
- CTC Approves Landmark $3 Billion Goods Movement Program
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- Secretary Bonner Congratulates Broadband Task Force on Receiving CENIC 2008 Innovations in Networking Award
- Governor Announces $10.5 Million to Train Workers Displaced by Housing Slump
- Governor Schwarzenegger Announces $8 Million Grant to Expand Counseling Services to Homeowners at Risk of Foreclosure
- Governor Announces Actions to Jump Start California's Economy through Job Creation, Offset Housing Slump
- Governor Announces Distribution of Proposition 1C Funds for Affordable Housing
Departments
Tony Majewski
Acting Director
Office of Real Estate Appraisers
For more information about OREA and its programs, go to www.orea.ca.gov.
Responsibilities and accomplishments include:
Licensing qualified individuals to perform real estate appraisals:
- Processed more than 4,000 applications for new licenses within 90-day timeframe required by regulation during FY 2005-06.
- Issued nearly 3,000 new licenses to meet the appraisal needs of the real estate industry during FY 2-5-06.
- Renewed 7,200 licenses during FY 2005-06 to ensure appraisers could continue working.
- Issued 193 permits to out-of-state appraisers to perform temporary appraisal assignments within California during FY 2005-06.
Enforcing appraisal standards:
- Closed 235 investigations of violations of appraisal standards in FY 2005-06.
- Protected the public and the integrity of the appraisal profession by issuing disciplinary measures including fines, preventive education and warnings in 162 cases in FY 2005-06.
- Conducted 45 criminal background investigations in FY 2005-06 to ensure that individuals with felony criminal histories did not receive licenses.
- Partnered with the Department of Real Estate in FY 2004-05 to share disciplinary information about mutually licensed individuals to ensure that the worst offenders do not continue perpetuating fraud in the real estate industry.
Contributing to real estate appraisal accreditation and education:
- Reviewed and approved more than 250 qualifying and continuing education courses.
- Monitored real estate appraisal courses offered by community colleges and universities, as well as 90 proprietary schools that provide appraiser education.
The state Office of Real Estate Appraisers (OREA) was established in 1991 to license appraisers for real estate transactions funded by federally regulated lending institutions. OREA issues licenses to individuals who meet minimum state and federal qualification criteria and investigates complaints of violations of federal and state appraisal laws and standards.
"OREA is committed to ensuring that only qualified individuals are licensed to appraise real estate," OREA Acting Director Tony Majewski said. "It is critical that lenders and consumers have confidence that licensed appraisers are qualified and that they comply with strict standards to produce objective and independent opinions of value."