Alabama Administrative Code › Title 780 - ALABAMA REAL ESTATE APPRAISERS BOARD › Chapter 780-X-6 - EXPERIENCE › Section 780-X-6-.03 - Qualifying Experience - Licensed Real Property Appraiser

Current through Register Vol. 42, No. 9, June 28, 2024
As 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.
Author:
Alabama Real Estate Appraisers
				  Board
Statutory Authority:
Code of Ala.
				  1975
, §
										34-27A-11.