Okla. Stat. tit. 59, § 59-858-702: Application of act

A. This act shall only apply to:

1. Any appraisal or appraiser involving the following:

a. a federally related transaction,

b. real estate-related financial transactions of the

agencies, instrumentalities, and federally recognized

entities covered by the Financial Institutions Reform,

Recovery, and Enforcement Act of 1989, and

c. any real estate-related transactions where an

appraisal report was made under a written agreement

that the appraisal report would follow the Uniform

Standards of Professional Appraisal Practice

guidelines or where a written appraisal states that it

is in compliance with the Uniform Standards of

Professional Appraisal Practice; and

2. Appraisers certified or licensed pursuant to the Oklahoma

Certified Real Estate Appraisers Act or representing themselves as

such, whether such license or certification is active, inactive,

expired, suspended, or revoked as set forth in this act and the

rules and regulations promulgated pursuant thereto, to the extent

that the appraisers and any real property valuation and any real

property valuation activity performed by them shall conform to the

code of ethics as set forth in this act.

B. Certified public accountants, licensed in the states or

other U.S. jurisdictions, who perform appraisals of real estate

incidental to the performance of professional services they provide

to clients are excluded from the licensing and certification

provisions of the Oklahoma Certified Real Estate Appraisers Act

unless the appraisal is a federally related transaction or a real

estate-related financial transaction of the agencies,

instrumentalities and federally recognized entities covered by the

Financial Institutions, Reform, Recovery and Enforcement Act of

1989.