When Congress enacted FIRREA and Title XI in 1989, the structure of modern day appraisal regulation in the United States was born. During the earliest meetings between the resulting state agencies and the federal agencies, it became clear to several state regulators that a national organization of, by and for the states would be beneficial to help the state regulatory agencies navigate this relatively uncharted territory.
AARO was formed in October 1991 as a 501 (c) (6) with 12 charter member states. It is still the only national non-profit association solely dedicated to advocating for the 54 member states and jurisdictions who are mandated by Congress to have appraisal regulatory agencies in place.
The Bylaws have evolved over the years, to address changes in funding, leadership needs and operational issues.
A 21-person Board of Directors provides oversight, while day to day administrative duties are handled by a Managing Director.