Alabama Administrative Code › Title 780 - ALABAMA REAL ESTATE APPRAISERS BOARD › Chapter 780-X-6 - EXPERIENCE › Section 780-X-6-.04 - Qualifying Experience - Certified Residential Real Property Appraiser

Current through Register Vol. 42, No. 9, June 28, 2024
As of the date the application is filed with the Board, the
				equivalent of 1500 hours appraisal experience is necessary for approval of a
				license for Certified Residential Real Property Appraiser classification.
				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 evaluation of
				experience offered as qualified experience under
Code of Ala.
				1975
, §
								34-27A-11, the Board will take into consideration 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 Certified Residential Real Property Appraiser
			 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) Twelve
			 Months Experience. A minimum of twelve 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 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 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 out buildings 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.