Okla. Stat. tit. 59, § 59-858-701: Legislative intent - Purpose of act

It is the intent of the Legislature to develop a real estate

appraiser certification process which meets the federal guidelines

set forth in the Financial Institutions Reform, Recovery, and

Enforcement Act of 1989. The purpose of the Oklahoma Certified Real

Estate Appraisers Act is to provide appraisers within the state a

process for certification which will allow them to participate in a

federally related transaction and real estate-related financial

transactions of the agencies, instrumentalities and federally

recognized entities as defined and recognized in Title XI of the

Financial Institutions Reform, Recovery, and Enforcement Act of

1989. It is not the intent of this legislation to prevent any

person who is currently conducting business as an appraiser from

continuing such action unless such action involves a federally

related transaction or a real estate-related financial transaction

as defined in Title XI of the Financial Institutions Reform,

Recovery, and Enforcement Act of 1989.