The purpose of the New Hampshire Real Estate Appraisers Board is to bring New Hampshire into compliance with Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The federal act's purpose is to protect federal financial and public policy interests in real estate related transactions by requiring that real estate appraisers used in connection with federally-related transactions are performed in writing, in accordance with uniform standards, by individuals whose competency has been demonstrated and whose professional conduct will be subject to effective supervision. However, any real estate appraisal service performed by an individual licensed or certified under this chapter shall be subject to the supervision of the board.

The seven members of the New Hampshire Real Estate Appraiser Board are appointed by the governor and the executive council. All members serve for a term of three-years or until their successors are appointed and qualified. No member shall serve for more than 2 consecutive terms. By Statute, the Board must include:

• Three real estate appraisers with a minimum of five years experience, consisting of: one New Hampshire certified residential appraiser; one New Hampshire certified general appraiser; and one New Hampshire certified appraiser who is a broker licensed under RSA 331-A (provided that no two are members of the same private appraisal organization)
• One representative from a New Hampshire lending institution
• The banking commissioner or his designee
• Two members of the general public not associated directly or indirectly with banking, brokerage, real estate appraisal, insurance, or any other affected industry

The members of the Board are not compensated for their service.

The Board meets once a month, typically on the second Friday of the month, to carry out the purpose of the Board.

Board Seeks New Members

A member whose term expires later this summer is not planning to seek reappointment. Her term expires September 16, 2008. As described above, the opening is for a member of the general public. Interested parties should send a letter of interest and their resume to:

Governor John Lynch
State House
107 North Main Street
Concord, NH 03301

Attention: Kathy Goode, Director of Appointments