Commerce, Real Estate

Rule R162-104

Experience Requirement

Notice of Proposed Rule

(Repeal)

DAR File No.: 34944
Filed: 06/16/2011 11:46:56 AM

RULE ANALYSIS

Purpose of the rule or reason for the change:

The substantive provisions are incorporated into a new rule, R162-2g. (DAR NOTE: The proposed new rule, R162-2g, was published in the July 1, 2011, issue of the Utah State Bulletin under DAR No. 34917.)

Summary of the rule or change:

The rule is repealed in its entirety.

State statutory or constitutional authorization for this rule:

• Subsection 61-2g-201(2)(h)

Anticipated cost or savings to:

the state budget:

The substantive provisions of this rule are incorporated into a new rule, R162-2g. No changes are proposed that are anticipated to have a fiscal impact to the state.

local governments:

Local government is not subject to the appraiser administrative rules. No fiscal impact to local government is anticipated.

small businesses:

The substantive provisions of this rule are incorporated into a new rule, R162-2g. No changes are proposed that are anticipated to have a fiscal impact on small businesses.

persons other than small businesses, businesses, or local governmental entities:

The substantive provisions of this rule are incorporated into a new rule, R162-2g. No changes are proposed that are anticipated to have a fiscal impact on affected persons.

Compliance costs for affected persons:

The rule is repealed. No compliance is required.

Comments by the department head on the fiscal impact the rule may have on businesses:

No fiscal impact to businesses is anticipated from this rule repeal as a substitute new rule containing the substance of these provisions is also proposed by the Division.

Francine A. Giani, Executive Director

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Commerce
Real Estate
160 E 300 S
SALT LAKE CITY, UT 84111-2316

Direct questions regarding this rule to:

• Jennie Jonsson at the above address, by phone at 801-530-6706, by FAX at 801-526-4387, or by Internet E-mail at jjonsson@utah.gov

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

08/15/2011

This rule may become effective on:

08/22/2011

Authorized by:

Deanna Sabey, Director

R162. Commerce, Real Estate.

[ R162-104. Experience Requirement.

R162-104-1. Measuring Experience.

104.1.1 Except for those applicants who qualify under Section 104-14, appraisal experience shall be measured in hours according to the Appraisal Experience Hours Schedules in Section R162-104-15 of this rule.

104.1.1.1 Experience for state-licensed applicants shall have been accrued in no fewer than 12 months. Experience for the certified residential applicants shall have been accrued in no fewer than 24 months, as required by the AQB. Experience for the certified general applicants shall have been accrued in no fewer than 30 months, as required by the AQB.

104.1.1.2 Applicants shall submit proof of experience as follows:

(a) State-licensed appraiser: at least 2,000 hours of appraisal experience.

(b) Certified residential appraiser: 500 hours accrued after state-licensed status was obtained, for a minimum of 2,500 hours of appraisal experience.

(c) Certified general appraiser: 1,000 hours accrued after state-licensed status was obtained, for a minimum of 3,000 hours of appraisal experience.

 

R162-104-2. Maximum Hours Per Year.

104.2 An applicant may not accrue more than 2,000 experience hours in any 12-month period.

 

R162-104-3. Time Allowed for Meeting Experience Requirement.

104.3 Credit will be given for appraisal experience earned only within five years immediately preceding the licensure or certification application.

 

R162-104-4. Proof of Experience.

104.4 The Division shall require the applicant to substantiate the experience claimed using the form required by the Division.

 

R162-104-5. Compliance with USPAP and Licensing Requirements; Local Experience Requirement.

104.5 No experience credit will be given for appraisals which were performed in violation of Utah law, the law of another jurisdiction, or the administrative rules adopted by the Division and the Board.

104.5.1 No experience credit will be given for appraisals unless the appraisals were done in compliance with USPAP.

104.5.2 In order to qualify as experience credit toward certification, the additional hours for certification required by Subsection R162-104.1.1.2 must have been accrued while the applicant was licensed as an appraiser in Utah, or in another state if licensure was required in that state, at the time the appraisal was performed.

104.5.3 Except for experience hours claimed under Subsection R162-104.15.3, appraisals where only an exterior inspection of the subject property is performed shall be granted 25% of the credit awarded an appraisal which includes an interior inspection of the subject property. Not more than 25% of the total experience required for licensure or certification may be earned from appraisals where the interior of the subject property is not inspected.

104.5.4 At least 50% of the appraisals submitted for experience credit shall be appraisals of properties located in Utah.

 

R162-104-6. State-Licensed and State-Certified Applicants.

104.6.1 Except for those applicants who qualify under Section R162-104-14, applicants applying for licensure as State-Licensed Appraisers shall be awarded hours from the Hours Schedules in Section R162-104-15 for their experience prior to licensure only if the experience claimed was gained in compliance with Subection R162-105-3.

104.6.2 Applicants applying for certification as State-Certified Residential Appraisers must document at least 75% of the hours submitted from the Residential Experience Hours Schedule or the residential portion of the Mass Appraisal Hours Schedule. No more than 25% of the total hours submitted may be from the General Experience Hours Schedule or from assignments listed on the Mass Appraisal Hours Schedule other than 1 to 4 unit residential properties.

104.6.3 Applicants applying for certification as State-Certified General Appraisers may claim hours for experience from any of the Hours Schedules in Section R162-104-15, so long as at least 50% of the total hours has been earned from the General Experience Hours Schedule or from assignments listed on the Mass Appraisal Hours Schedule other than 1 to 4 unit residential properties.

 

R162-104-7. Review or Supervision of Appraisals.

104.7 Review appraisals will be awarded experience credit when the appraiser has performed technical reviews of appraisals prepared by either employees, associates or others, provided the appraiser complied with Uniform Standards of Professional Appraisal Practice Standards Rule 3 when the appraiser was required to comply with the rule. The following hours shall be awarded for review or supervision of appraisals:

104.7.1 Review of an appraisal which includes verification of the data, but which does not include a physical inspection of the property, commonly known as a desk review, shall be worth 30% of the hours awarded to the appraisal if a separate written review appraisal report is prepared. Except as provided in Subsection R162-104.7.5, a maximum of 500 hours may be earned by desk review of appraisals.

104.7.2 Review of appraisals which includes a physical inspection of the property and verification of the data, commonly known as a field review, shall be worth 50% of the hours awarded to the appraisal if a separate written review appraisal report is prepared. Except as provided in Subsection R162-104.7.5, a maximum of 500 hours may be earned by field review of appraisals.

104.7.3 Supervision of appraisers shall be worth 20% of the hours awarded to the appraisal. A maximum of 500 hours may be earned by supervision of appraisers.

104.7.4 Except as provided in Subsection R162-104.7.5, not more than 50% of the total experience required for certification may be granted under Subsections R162-104.7.1 through R162-104.7.3 and R162-104.9.1 and R162-104.9.3 combined.

104.7.5 Applicants whose experience was earned through review of appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies are not subject to the hour limitations in Subsections R162-104.7.1, R162-104.7.2, and R162-104.7.4.

 

R162-104-8. Condemnation Appraisals.

104.8 Condemnation appraisals shall be worth an additional 50% of the hours normally awarded for the appraisal if the condemnation appraisal included a before and after appraisal because of a partial taking of the property.

 

R162-104-9. Preliminary Valuation Estimates, Comparative Market Analysis, Real Estate Consulting Services, and Other Real Estate Experience.

104.9.1 Preliminary valuation estimates, range of value estimates or similar studies, and other real estate related experience gained by bankers, builders, city planners and managers, or other individuals may be granted credit for up to 50% of the experience required for certification in accordance with Section R162-104-14, so long as the experience demonstrates to the Board that the applicant has the ability to arrive at a fair market value of property and to properly document value conclusions.

104.9.2 Comparative market analysis by real estate licensees may be granted up to 100% experience credit toward certification in accordance with Section R162-104-14, when the analysis is prepared in conformity with USPAP Standards Rules 1 and 2 and the individual can demonstrate to the Board that he is using similar techniques as appraisers to value properties and effectively utilize the appraisal process.

104.9.3 Appraisal analysis, real estate counseling or consulting services, and feasibility analysis/study will be awarded experience credit in accordance with Section R162-104-14 for up to 50% of the experience required toward certification so long as the services were performed in accordance with USPAP Standards Rules 4 and 5.

104.9.4 Not more than 50% of the total experience required for certification may be granted under Subsections R162-104.9.1 and R162-104.9.3 and R162-104.7.1 through R162-104.7.3 combined.

 

R162-104-10. Experience Participation.

104.10 An applicant for certification must be able to prove more than 50% participation in the data collection, verification of data, reconciliation, analysis, identification of property and property interests, compliance with USPAP standards, and preparation and development of the appraisal report in order to count the appraisal for experience credit. With the exception of experience claimed under Subsection R162-104.15.3, experience credit will be granted to only one licensed appraiser per completed appraisal even though more than one may have participated in the development of the appraisal.

 

R162-104-11. Unacceptable Experience.

104.11 An applicant will not receive hours toward satisfying the experience requirement for licensure or certification for performing the following:

(a) Appraisals of the value of a business as distinguished from the appraisal of commercial real estate; or

(b) Personal property appraisals.

 

R162-104-12. Verification of Experience.

104.12 The Board, at its discretion, may verify the claimed experience by any of the following methods: verification with the clients; submission of selected reports to the Board; and field inspection of reports identified by the applicant at the applicant's office during normal business hours.

 

R162-104-13. Experience Review Committee.

104.13 There may be a committee appointed by the Board to review the experience claimed by applicants for licensure or certification.

104.13.1 The Committee shall:

104.13.1.1 Review all applications for adherence to the experience required for licensure or certification;

104.13.1.2 Correspond with applicants concerning submissions, if necessary; and

104.13.1.3 Make recommendations to the Division and the Board for licensure or certification approval or disapproval.

104.13.2 Committee composition. The Committee shall be composed of appraisers from the following categories: residential appraisers; commercial appraisers; farm and ranch appraisers; right-of-way appraisers; and mass appraisers.

104.13.2.1 The chairperson of the committee shall be appointed by the Board.

104.13.2.2 Meetings may be called upon the request of the chairperson or upon the written request of a quorum of committee members.

104.13.3 New Review. If the review of an application has been performed by the Experience Review Committee, and the Board has denied the application based on insufficient experience, the applicant may request that the Board review the issue again by making a written request within thirty days after the denial stating specific grounds upon which relief is requested. The Board shall thereafter consider the request and issue a written decision.

 

R162-104-14. Special Circumstances.

104.14 Applicants having experience in categories other than those shown on the Appraisal Experience Hours Schedules and applicants who believe the Experience Hours Schedules do not adequately reflect their experience or the complexity or time spent on an appraisal may petition the Board on an individual basis for evaluation and approval of their experience as being substantially equivalent to that required for licensure or certification. Upon a finding that an applicant's experience is substantially equivalent to that required for licensure or certification, the Board may accept the alternate experience and award the applicant an appropriate number of hours for the alternate experience.

104.14.1 Fulltime elected county assessors and any person performing an appraisal for the purposes of establishing the fair market value of real estate for the assessment roll are not subject to the scope of authority limitations in Subsection R162-105.3.

104.14.2(a) If an applicant's education was approved prior to January 1, 2008, and his or her experience was approved prior to January 1, 2011 (under a system referred to by the division and industry as a segmented application), but the applicant did not pass the applicable examination required for licensure or certification by December 31, 2010, the applicant shall, by December 31, 2011:

(i) complete all additional education as required under the AQB standards;

(ii) pass the required examination applicable to the license or certification sought by the individual; and

(iii) submit a complete application to the division.

(b) An applicant who fails to comply with the December 31, 2011 deadline established in Subsection (a) shall:

(i) complete all additional education as required under the AQB standards;

(ii) pass the required examination applicable to the license or certification sought by the individual;

(iii) submit recent appraisals that meet the requirements of all applicable statutes and rules for review by the experience review committee; and

(iv) submit a complete application to the division according to deadlines established in Subsection R162-102.1.3.1.

 

R162-104-15. Appraisal Experience Hours Schedules.

104.15.1 Residential Experience Hours Schedule. The following hours shall be awarded to form appraisals. Fifteen hours may be added to the hours shown if the appraisal was a narrative appraisal instead of a form appraisal.

 

TABLE 1

  

  (a)  One-unit dwelling, above-grade

  living area less than 4,000 square

  feet, including a site                                5 hours

    (1) One-unit dwelling, above-

  grade living area 4,000 square

  feet or more, including a site                      7.5 hours

  (b) Multiple one-unit dwellings in

  the same subdivision or condominium

  project which are substantially similar

    (1) 1-25 dwellings                                5 hours per

                                                      dwelling up

                                                      to a maximum

                                                      of 30 hours

    (2) Over 25 dwellings                             A total of 50

                                                            hours

  (c)  Two to four-unit dwelling                         20 hours

  (d)  Employee Relocation Counsel

  reports completed on currently accepted

  Employee Relocation Counsel form                      10 hours

  (e)  Residential lot, 1-4 unit                         5 hours

  (f) Multiple lots in the same subdivision

  which are substantially similar

    (1) 1-25 lots                                    5 hours per

                                                     lot up to a

                                                      maximum of

                                                        30 hours

    (2) Over 25 lots                                  A total of

                                                        50 hours

  (g)  Small parcel up to 5 acres                        5 hours

  (h)  Vacant land, 20-500 acres                      20-40 hours,

                                                   as determined

                                                    by the Board

  (i)  Recreational, farm, or timber acreage suitable

  for a house site, up to 10 acres                      10 hours

  Over 10 acres                                         15 hours

  (j)  All other unusual structures or acreages,      5-35 hours

  which are much larger or more complex than       as determined

  typical properties                                by the Board

  (k)  Review of residential appraisals with no

  opinion of value developed as part of the

  review performed in conjunction with

  investigations by government agencies              10-50 hours

 

104.15.1.1 Government Agency Experience. Applicants whose experience was earned primarily through review of residential appraisals with no opinion of value developed as part of the review that were performed in conjunction with investigations by government agencies will be required to submit proof of having performed at least the following number of one-unit dwelling appraisals conforming to USPAP Standards 1 and 2:

104.15.1.1.1 Applicants for State-Licensed Appraiser: five.

104.15.1.1.2 Applicants for State-Certified Residential Appraiser: eight.

104.15.1.2 A maximum of 250 experience hours may be earned from appraisal of vacant land.

104.15.2 General Experience Hours Schedule. All appraisal reports claimed in the following areas must be narrative appraisal reports unless specified otherwise. Experience hours listed in Table 2 may be increased by 50% for unique and complex properties if the applicant notes the number of extra hours claimed on the Appraiser Experience Log submitted by the applicant and maintains in the workfile for the appraisal an explanation about why the extra hours are claimed.

 

TABLE 2

  

  
  (a)  Apartment buildings, 5-100 units                40 hours

  Over 100 units                                       50 hours

  (b)  Hotel or motels, 50 units or fewer              30 hours

  51-150 units                                         40 hours

  Over 150 units                                       50 hours

  (c)  Nursing home, rest home, care facilities,

  Fewer than 80 beds                                   40 hours

  Over 80 beds                                         50 hours

  (d)  Industrial or warehouse building,

  Fewer than 20,000 square feet                        30 hours

  Over 20,000 square feet, single tenant               40 hours

  Over 20,000 square feet, multiple tenants            50 hours

  (e)  Office buildings

  Fewer than 10,000 square feet                        30 hours

  Over 10,000 square feet, single tenant               40 hours

  Over 10,000 square feet, multiple tenants            50 hours

  (f)  Entire condominium projects, using income

  approach to value

  5- to 30-unit project                                30 hours

  31- or more-unit project                             50 hours

  (g)  Retail buildings

  Fewer than 10,000 square feet                        30 hours

  More than 10,000 square feet, single tenant          40 hours

  More than 10,000 square feet, multiple tenants       50 hours

  (h)  Commercial, multi-unit, industrial,

  or other nonresidential use acreage

  1 to 99 acres                                     20-40 hours

  100 acres or more, income approach to value       50-60 hours

  (i)  All other unusual structures or assignments     5 to 100

  which are much larger or more complex than the       hours as

  properties described in (a) to (h) herein.         determined

                                                       by Board

  (j) Entire Subdivisions or Planned Unit

  Developments (PUDs)

  1- to 25-unit subdivision or PUD                     30 hours

  Over 25-unit subdivision or PUD                      50 hours

  (k)  Feasibility or market analysis,                 5 to 100

  maximum 500 hours                                    hours as

                                                     determined

                                                       by Board

  

  Farm and Ranch appraisals                   Form    Narrative

  (l) Separate grazing privileges             20 hrs.   25 hrs.

  or permits

  (m)  Irrigated cropland, pasture other than

  rangeland, 1 to 10 acres                    10 hrs.   15 hrs.

  11-50 acres                               12.5 hrs.   20 hrs.

  51-200 acres                                15 hrs.   25 hrs.

  201-1000 acres                              25 hrs.   40 hrs.

  More than 1000 acres                        40 hrs.   50 hrs.

  (n) Dry farm, 1 to 1000 acres               15 hrs.   25 hrs.

  More than 1000 acres                        20 hrs.   40 hrs.

  (o) Improvements on properties other than

  a rural residence, maximum 10 hours:

  Dwelling                                     5 hrs.    5 hrs.

  Sheds                                      2.5 hrs.  2.5 hrs.

  (p)  Cattle ranches

  0-200 head                                  15 hrs.   20 hrs.

  201-500 head                                25 hrs.   30 hrs.

  501-1000 head                               30 hrs.   40 hrs.

  More than 1000 head                         40 hrs.   50 hrs.

  (q) Sheep ranches

  0-2000 head                                 25 hrs.   30 hrs.

  More than 2000 head                         35 hrs.   45 hrs.

  (r) Dairies, includes all improvements

  except a dwelling

  1-100 head                                  20 hrs.   25 hrs.

  101-300 head                                25 hrs.   30 hrs.

  More than 300 head                          30 hrs.   35 hrs.

  (s) Orchards

  5-50 acres                                  30 hrs.   40 hrs.

  More than 50 acres                          40 hrs.   50 hrs.

  (t) Rangeland/timber

  0-640 acres                                 20 hrs.   25 hrs.

  More than 640 acres                         30 hrs.   35 hrs.

  (u) Poultry

  0-100,000 birds                             30 hrs.   40 hrs.

  More than 100,000 birds                     40 hrs.   50 hrs.

  (v) Mink

  0-5000 cages                                30 hrs.   35 hrs.

  More than 5000 cages                        40 hrs.   50 hrs.

  (w) Fish farms                              40 hrs.   50 hrs.

  (x) Hog farms                               40 hrs.   50 hrs.

  (y) Review of Table 2 appraisals with

  no opinion of value developed as part

  of the review performed in conjunction

  with investigations by government agencies       20-100 hours

 

104.15.2.1 Government Agency Experience. Applicants for certification as a State-Certified General Appraiser whose experience was earned primarily through review of appraisals that are listed on Table 2 with no opinion developed as part of the review that were performed in conjunction with investigations by government agencies will be required to submit proof of having performed at least eight Table 2 appraisals conforming to USPAP Standards 1 and 2.

104.15.2.2 Appraisals on commercial or multi-unit form reports shall be worth 75% of the hours normally awarded for the appraisal.

104.15.3 Mass Appraisal Experience Hours Schedule.

 

TABLE 3

  

  (a) One-unit dwelling, above-grade

  living area less than 4,000 square feet

    (1) Exterior inspection, highest and

  best use analysis, data collection only               .5 hours

    (2) Interior and exterior inspection,

  highest and best use analysis, data

  collection only                                        1 hour

    (3) Inspection, highest and best use

  analysis, data collection, valuation

  analysis, conclusion, report                       3.75 hours

  (b) One-unit dwelling, above-grade

  living area 4,000 square feet or more

    (1) Exterior inspection, highest and

  best use analysis, data collection only             .75 hours

    (2) Interior and exterior inspection,

  highest and best use analysis, data

  collection only                                     1.5 hours

    (3) Inspection, highest and best use

  analysis, data collection, valuation

  analysis, conclusion, report                          5 hours

  (c) Two to four unit dwelling

    (1) Exterior inspection, highest and

  best use analysis, data collection only             1.5 hours

    (2) Interior and exterior inspection,

  highest and best use analysis, data

  collection only                                       3 hours

    (3) Inspection, highest and best use

  analysis, data collection, valuation

  analysis, conclusion, report                         15 hours

  (d) Commercial and industrial buildings,

  depending on complexity

    (1) Exterior inspection, highest and

  best use analysis, data collection only          1 to 5 hours

    (2) Interior and exterior inspection,

  highest and best use analysis, data

  collection only                                 2 to 10 hours

    (3) Inspection, highest and best use

  analysis, data collection, valuation

  analysis, conclusion, report                  3 to 37.5 hours

  (e) Agricultural and other improvements,

  depending on complexity

    (1) Exterior inspection, highest and

  best use analysis, data collection only       .5 to 2.5 hours

    (2) Interior and exterior inspection,

  highest and best use analysis, data

  collection only                                  1 to 5 hours

    (3) Inspection, highest and best use

  analysis, data collection, valuation

  analysis, conclusion, report                 3.75 to 20 hours

  (f) Vacant land, depending on complexity

    (1) Inspection, highest and best

  use analysis, data collection only            .5 to 2.5 hours

    (2) Inspection, highest and best

  use analysis, data collection, valuation

  analysis, conclusion, report                  2.5 to 25 hours

    (3) Land segregation (division)

  analysis and processing, no field

  inspection                                          .25 hours

    (4)Land segregation (division)

  analysis and processing, field

  inspection                                           .5 hours

  (g) Data input and review for experience

  hours claimed under Subsections

  R162-104-15.3(a) through (f)                        .25 hours

  (h) Land valuation guideline

    (1) 25 or fewer parcels                            10 hours

    (2) 26 to 500 parcels                              30 hours

    (3) Over 500 parcels                          25 additional

                                                 hours for each

                                                500 parcels, up

                                                to a maximum of

                                                      125 hours

  (i) Assessment/sales ratio study, data

  collection, verification, sample

  inspection, analysis, conclusion, and

  implementation

    (1) Base study of 100 reviewed sales              125 hours

    (2) Additional increments of 100

  sales                                            Add 25 hours

                                                   for each 100

                                                     additional

                                                 sales, up to a

                                                 maximum of 375

                                                          hours

  (j) Multiple Regression Model,

  Development and Implementation

    (1) Less than 5,000 parcels                       100 hours

    (2) Additional increments of 500

  parcels                                       Add 5 hours for

                                                each additional

                                                500 parcels, up

                                                to a maximum of

                                                      375 hours

  (k) Depreciation study and analysis                 100 hours

  (l) Reviews of "Land Value in Use"

  in accordance with U.C.A. Section

  59-2-505

    (1)Office review only                             .25 hours

    (2) Field review                                   .5 hours

  (m) Natural Resource Properties,

  depending on complexity

    (1) Sand and Gravel, per site               7.5 to 20 hours

    (2) Mine                                   7.5 to 110 hours

    (3) Oil and Gas, per site                  1.65 to 50 hours

  (n) Pipelines and gas distribution

  properties, depending on complexity            10 to 40 hours

  (o) Telephone and electrics properties,

  depending on complexity                         5 to 80 hours

  (p) Airline and railroad properties,

  depending on complexity                        10 to 80 hours

  (q) Appraisal review/audit, depending

  on complexity                                2.5 to 125 hours

  (r) Capitalization rate study                        80 hours

 

104.15.3.1 Single-property appraisals performed under USPAP Standards 1 and 2 by mass appraisers will receive the same number of hours shown in Tables 1 and 2.

104.15.3.2 Review and supervision of appraisals by mass appraisers will receive hours in accordance with Subsection R162-104.7.

104.15.3.3 Mass appraisers and mass appraisal trainees who perform 60% or more of the appraisal work will receive 100% of the hours shown on Table 3. Mass appraisers and mass appraisal trainees who perform between 25% and 59% of the appraisal work will receive 50% of the hours shown on Table 3. Mass appraisers and mass appraisal trainees who perform less than 25% of the appraisal work will receive no credit for the appraisal assignment.

104.15.3.4 Applicants for State-Licensed Appraiser whose experience was earned primarily through mass appraisal will be required to submit proof of having performed at least five appraisals conforming to USPAP Standards 1 and 2. Applicants for certification as a State-Certified Residential Appraiser whose experience was earned primarily through mass appraisal will be required to submit proof of having performed at least eight one-unit residential appraisals conforming to USPAP Standards 1 and 2. Applicants for certification as a State-Certified General Appraiser whose experience was earned primarily through mass appraisal will be required to submit proof of having performed at least eight Table 2 appraisals conforming to USPAP Standards 1 and 2.

104.15.3.5 No more than 60% of the total hours submitted for licensure or certification may have been earned from Subsections R162-104.15.3(a)(1) and (2), R162-104.15.3(b)(1) and (2), R162-104.15.3(c)(1) and (2), R162-104.15.3(d)(1) and (2), R162-104.15.3(e)(1) and (2), and R162-104.15.3(f)(1) combined.

104.15.3.6 No more than 25% of the total hours submitted for licensure or certification may have been earned from Subsections R162-104.15.3(f)(3) and (4) combined.

104.15.3.7 No more than 20% of the total hours submitted for licensure or certification may have been earned from Subsection R162-104.15.3(g).

104.15.3.8 Mass appraisal of property with a personal property component of less than 50% of value will be allowed the full experience hours shown on Table 3 for the category of property appraised. Mass appraisal of property with a personal property component of 50% to 85% of value will be allowed 50% of the experience hours shown on Table 3 for the category of property appraised. Mass appraisal of property with a personal property component greater than 85% will be awarded no experience hours.

 

KEY: real estate appraisals, experience requirement

Date of Enactment or Last Substantive Amendment: June 22, 2011

Notice of Continuation: February 15, 2007

Authorizing, and Implemented or Interpreted Law: 61-2b-1 through 61-2b-40 ]