Ala. Admin. Code r. 780-X-6-.03
Current through Register Vol. 43, No. 02, November 27, 2024
Section 780-X-6-.03 - Qualifying Experience - Licensed Real Property AppraiserAs of the date the application is filed with the Board, a minimum of 1,000 hours appraisal experience is necessary for approval of a Licensed Real Property Appraiser license. Experience shall be recorded on the log contained in the application. The log must contain all appraisals the applicant has signed or is entitled to claim for experience credit, beginning with the most recent appraisals (up to and including the date the application is filed with the Board) and going back, up to 5 years, until the required number of experience hours is documented. Evaluation assignment reports shall not be included on the log of appraisal report assignments. Applicants may claim the full experience credit allowed for an appraisal, regardless of the number of signing appraisers. In evaluating experience offered as qualifying experience under Code of Ala. 1975, § 34-27A-11, the Board will look for the following minimum experience:
(a) Residential and Non-Residential Appraisals Counted. Appraisals of both residential and non-residential properties can be included in the experience hours necessary for the State Licensed Real Property Classification. Experience for a dwelling (residential appraisal) will be awarded only if there is an interior and exterior inspection. Only appraisals that meet the minimum appraisal requirements of USPAP will be considered for experience credit.(b) Six Months Experience. A minimum of six calendar months experience shall be required for this classification. The quantitative experience requirements must be satisfied by time spent on the appraisal process. The appraisal process consists of: analyzing factors that affect value; defining the problem; gathering and analyzing data; applying the appropriate analysis and methodology; and arriving at an opinion and correctly reporting the opinion in compliance with USPAP. Experience credit will be given for appraisals completed within the last five years.(c) USPAP Compliance. Appraisals must comply with USPAP for hours to be awarded for experience credit. The Board will select a representative sample of appraisals from the logs submitted by the applicant. The applicant will submit the selected sample for the Board to examine for compliance with USPAP. If the sample complies with USPAP the Board will consider that all of the experience submitted by applicant complies with USPAP. A determination by the Board that the sample does not comply with USPAP shall be presumptive that all of the appraisals submitted for experience credit do not comply with USPAP. The applicant then has the burden and shall have the opportunity to demonstrate that the experience claimed is USPAP compliant at a reconsideration hearing held pursuant to Rule 780-X-3-.05.(d) Residential Appraisal Hours. Residential maximum appraisal points or hours shall be awarded as follows: 1. | one-unit dwelling (including a site) | 10 hours |
2. | two to four-unit dwelling | 20 hours |
3. | residential lot (1-4 family) | 5 hours |
4. | residential subdivision sites (NOT TO EXCEED FIVE POINTS) | 5 hours per lot |
5. | farm or timber acreage suitable for a house site less than 10 acres | 10 hours |
10-100 acres | 20 hours |
over 100 acres | 30 hours |
6. | all other unusual structures, acreages, which are much larger or more complex than typical properties described herein items 1 to 4 and 6. | submitted to committee for determination 1/2 to 5 points or 5 to 50 hours |
7. | review appraisals shall be worth 20% of the hours awarded to the appraisal. |
8. | restricted appraisal reports shall not exceed 25% of required experience hours. |
9. | Rural residence - one-unit primary dwelling, 10 acres or less | 10 hours |
10. | Ranchette - Part time rural use 10 to 25 acres with main dwelling and outbuildings such as additional residence, barns or other outbuildings | 30 hours |
Hours for non-residential appraisals shall also be awarded pursuant to section 780-X-6.05 below.
Ala. Admin. Code r. 780-X-6-.03
Repealed and Replaced: Filed February 23, 1998; effective March 30, 1998. Amended: Filed June 18, 2003; effective July 23, 2003. Amended: Filed July 20, 2007; effective August 24, 2007. Amended: Filed November 25, 2008; effective December 30, 2008. Amended: Filed December 3, 2013; effective January 7, 2014. Amended: Filed March 25, 2014, effective April 29, 2013.Amended by Alabama Administrative Monthly Volume XXXVII, Issue No. 01, October 31, 2018, eff. 11/9/2018.Amended by Alabama Administrative Monthly Volume XXXVIII, Issue No. 01, October 31, 2019, eff. 12/15/2019.Amended by Alabama Administrative Monthly Volume XXXVIII, Issue No. 12, September 30, 2020, eff. 11/14/2020.Author: Alabama Real Estate Appraisers Board
Statutory Authority:Code of Ala. 1975, § 34-27A-11.