876 Ind. Admin. Code 3-6-8

Current through November 6, 2024

Section 876 IAC 3-6-8 - Indiana licensed trainee appraisers; required use and prohibitions

Authority: IC 25-34.1-3-8

Affected: IC 25-34.1

Sec. 8.

(a) Indiana licensed residential appraisers, Indiana certified residential appraisers, and Indiana certified general appraisers may only employ:

(1) Indiana licensed residential appraisers;

(2) Indiana certified residential appraisers;

(3) Indiana certified general appraisers; and

(4) Indiana licensed trainee appraisers; to assist in the performance of real estate appraisals.

(b) Subsection (a) does not prohibit the use of unlicensed individuals to perform clerical functions.

(c) Indiana licensed trainee appraisers shall be subject to the supervision of a supervising appraiser as provided for in section 9 of this rule and may not:

(1) work independently;

(2) hold themselves out to the general public as licensed or certified appraisers;

(3) have their own clients; or

(4) accept payment directly from clients for appraisal work.

(d) Indiana licensed trainee appraisers may not do the following:

(1) Review appraisals submitted by other appraisers.

(2) Hold themselves out as a review appraiser.

876 IAC 3-6-8

Indiana Real Estate Commission; 876 IAC 3-6-8; filed Dec 8, 1993, 4:00 p.m.: 17 IR 781; readopted filed May 29, 2001, 10:00 a.m.: 24 IR 3238; readopted filed Jul 19, 2007, 1:16 p.m.: 20070808-IR-876070068RFA; filed Apr 16, 2012, 3:43 p.m.: 20120516-IR-876110428FRA; readopted filed November 25, 2013, 9:21 a.m.: 20131225-IR-876130283RFA

Readopted filed 11/26/2019, 3:50 p.m.: 20191225-IR-876190192RFA

Filed 10/11/2023, 9:41 a.m.: 20231108-IR-876230295FRA