reglab/statecodes huggingface dataset:
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.3 - Certified Residential Real Estate Appraiser Experience Hours for Licensing

Current through June 25, 2024
An applicant for a State Certified Residential real estate
				  appraiser credential must provide satisfactory evidence to the Board that the
				  applicant has completed the minimum number of hours of appraisal experience
				  over the minimum period of time as established by the AQB. The experience
				  credits for the State Certified Residential real estate appraiser residential
				  shall be awarded as follows:
1.
				Credits (hours) referred to as residential experience shall be derived from
				appraisals of one-to-four family residential properties.
2. a complex, residential appraisal shall be
				limited to no more than 24 hours of credit;
3. a complex, residential field review shall
				be limited to no more than 8 hours of credit;
4. a complex, residential desk review shall
				be limited to no more than 4 hours of credit;
5. a non-complex, residential appraisal shall
				be limited to no more than 12 hours of credit;
6. a non-complex, residential field review
				shall be limited to no more than 4 hours of credit;
7. a non-complex, residential desk review
				shall be limited to no more than 2 hours of credit.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.4 - Licensed Appraiser Experience Hours for Licensing

Current through June 25, 2024
An applicant for a Licensed real estate appraiser credential
				  must provide evidence satisfactory to the Board that the applicant has
				  completed the minimum number of hours of appraisal experience over the minimum
				  period of time as established by the AQB. The experience hours for the Licensed
				  real estate appraiser credential shall be determined by the Board by evaluating
				  the types and the variety of the individual appraisals which are documented in
				  the experience log that is signed by both the applicant and the Certified
				  Supervisory Appraiser and by determining the Appraiser Trainee's
				  hours.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.5 - Appraiser Trainee Experience Hours

Current through June 25, 2024
Appraiser Trainee experience hours which have been
				  documented and verified by a Certified Supervisory Appraiser can be included as
				  appraisal experience for either a State Certified General credential or a State
				  Certified Residential credential. The verified experience work-hours must be
				  compliant with all requirements established by the AQB and must have been
				  obtained preceding the filing of the application.
Miss. Code Ann.
				  §§
										73-34-5,
				  73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.6 - Definition of a Non-Complex Appraisal

Current through June 25, 2024
A non-complex appraisal is one having the following
				  characteristics;
1. there is an active
				market of essentially identical properties;
2. adequate data is an available to the
				appraiser
3. adjustments to
				comparable sales are not large in the aggregate, specifically not exceeding the
				trading range found in the market of essentially identical properties; and
4. for residential property, the
				contract price falls within the market norm (Medial sales price) of homes in
				the neighborhood.
Examples of a non-complex residential appraisal are those
				  similar to Fannie Mae Form 1004 and Freddie Mac Form 70, not including the
				  income approach (up to 12 hours credit); usage of Fannie Mae Forms 2055 and
				  2075 (up to 8 hours credit); valuation of vacant land or site appraisals using
				  only the sales comparison approach or a narrative report (up to 4 hours
				  credit). In all cases, compliance with the Uniform Standards of Professional
				  Appraisal Practice (USPAP) is required.
Note: A non-complex, non-residential appraisal (up to16
				  hours credit) is a report which does not include each of the three (3)
				  approaches to value even though all three (3) approaches would be applicable
				  for the classification of the property appraised and/or when sufficient market
				  data was available to develop each of the three (3) approaches.
All credit hours for appraisals are subject to final
				  determination and approval by the Appraisal Board.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.7 - Definition of a Complex Appraisal

Current through June 25, 2024
A complex appraisal is one that relies to any significant
				  degree on all three (3) approaches to value (cost, sales comparison and income
				  approaches) or is an appraisal that has at least one of the following
				  characteristics:
1. There is not an
				active market of properties similar to the property being appraised.
2. There is not adequate data available to
				the appraiser.
3. The adjustments
				to comparable sales are large and the aggregate adjustments exceed the trading
				range of the identified sales.
4.
				For residential property, the contract price does not fall within the market
				norm of houses in the market area.
No appraisal experience credit will be allowed for a complex
				  appraisal unless all three (3) approaches to value are fully developed in the
				  report.
Examples: a complex, non-residential appraisal (up to 66
				  hours of credit) may contain any of the following: income capitalization
				  approach; income expense analysis; building-land residual technique; leased
				  fee-leasehold interest; absorption rate; discounting to present value; highest
				  and best use is not the current use; itemized accrued depreciation;
				  unit-in-place method or quantity survey method in the cost approach; site or
				  vacant land using the allocation method, abstraction method, subdivision
				  development method, or land residual method; appraisal requires the appraiser's
				  use of data obtained from a professional who is not an appraiser; a use of
				  property that has no comparable sales with the same use; a property covered by
				  the Environmental Protection Agency; a conservation easement; an appraisal that
				  requires the before and after values. Other valuations may qualify as
				  determined by the Appraisal Board.
Note: A complex residential appraisal (up to 24 hours of
				  credit) is a 1 to 4 unit appraisal similar to Fannie Mae Form 1004/Freddie Mac
				  Form 70 but it will include the GRM income approach; Fannie Mae Form
				  1025/Freddie Mac Form 72; Fannie Mae Form 1072/Freddie Mac Form 465; Fannie Mae
				  Form 1075/Freddie Mac Form 466; or a narrative report. In all cases, compliance
				  with the Uniform Standards of Professional Appraisal Practice (USPAP) is
				  required.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.8 - Accepting Responsibility for an Appraisal Report

Current through June 25, 2024
Each signer (co-author) of an appraisal report who is
				  accepting responsibility for the report shall be awarded (experience) credit
				  for the appraisal based on the actual number of documentable (work) hours that
				  each appraiser contributed to the report as identified and indicated in the
				  content of the report.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 2 - Experience Requirements for Licensed Appraiser, Certified Residential Appraiser and Certified General Appraiser Applicants › Rule 30-1501-2.9 - Appraisals are subject to Verification by the Board

Current through June 25, 2024
All appraisals submitted or claimed for experience credit
				  are subject of verification and authentication by the Board. Applicants may not
				  claim experience credit for appraisals which are not supported by written
				  reports or file memoranda or which were performed by the applicant at a time
				  when the applicant lacked the legal authority to perform real estate
				  appraisals. Upon request, the applicant shall furnish the Board with copies of
				  two (2) specifically identified appraisal reports, file memoranda, or other
				  data supporting the experience credit sought by the applicant. In addition, the
				  experience credit will only be accepted when accompanied by a sworn affidavit
				  which is signed by the applicant and states that all information contained in
				  the application, including the compilation of hours documented, are true and
				  correct.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-9(2)(f),
				  73-34-21
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 3 - Requirements for Licensing and Certification; Examinations; Fees › Rule 30-1501-3.4 - Fees

Current through June 25, 2024
The Board shall collect the following application/licensing
				  fees
:
i. Application/State Exam
$225.00
ii. Applications for Appraiser Trainee
$ 50.00
iii. Applications pursuant Rule 9 (Licensees of
							 Other State)
$ 50.00
iv. Applications pursuant Rule 6 (Temporary
							 Privilege) Temporary Certificate Issuance
$ 175.00
$ 75.00
v. Credentials Issuance (2 years) Licensed Appraiser
							 Certified Residential Certified General
$325.00
$325.00
$325.00
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 3 - Requirements for Licensing and Certification; Examinations; Fees › Rule 30-1501-3.5 - Licensing After Examination

Current through June 25, 2024
After passing both portions of the examination(s), an
				  applicant must pay, within one hundred eighty (180) days from the examination
				  date, the necessary fees to have their credential issued. If the appropriate
				  fees are not paid within the stated 180 day time period, or unless extenuating
				  circumstances for such failure are brought to the attention of the Board and a
				  hearing before the Board is requested, the $225.00 application fee will be
				  forfeited and the applicant will be required to start the application process
				  over by filing a new application with payment of another $225.00 application
				  fee. If any application requirement changes after the applicant has passed the
				  examination but prior to the time their original credential has been issued,
				  the applicant will be required to meet the new requirements prior to the
				  issuing of their credential.
Miss. Code Ann.
				  §§
										73-34-9(1)(a)(b)(c),
				  73-34-9(1)(i),
				  73-34-9(2)(f)(g)(j),
				  73-34-21,
				  73-34-45
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 4 - Board Organization › Rule 30-1501-4.1 - Board Organization

Current through June 25, 2024
The Mississippi Real Estate Appraiser Licensing and
				  Certification Board shall elect a chairman and a vice-chairman who will serve
				  in the absence of the chairman or at the discretion of the chairman. The
				  election of officers shall be held annually in December. In the event of a
				  vacancy in either position, the Board shall set a date, after adequate notice
				  to all members to all members to elect a replacement. Special meetings may be
				  called by the chairman on his own motion or by written request of three (3)
				  members. Board meeting procedures will follow Robert's Rules of Order as
				  pertains to boards or groups of limited membership as constitutes this Board.
				  Information concerning Board action, meeting dates, licensing and certification
				  and other Board responsibilities under Chapter 34, Mississippi Real Estate
				  Appraiser Licensing and Certification Act, may be obtained from the Board
				  office and staff. Applications, complaint forms and other printed material may
				  also be requested through written or telephonic contact with the Board staff.
Miss. Code Ann.
				  §§
										73-34-7
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.1 - Continuing Education

Current through June 25, 2024
As a prerequisite to renewal of license, an active status
				  licensed or certified appraiser whose license was issued or renewed prior to
				  January 1, 1998 shall present evidence satisfactory to the Board that such
				  appraiser has obtained twenty (20) hours of Board approved continuing education
				  during the preceding license cycle. In order to renew a license which was
				  issued or renewed January 1, 1998 or thereafter, an appraiser shall present
				  evidence satisfactory to the Board of having obtained twenty-eight (28) hours
				  of Board approved continuing education which shall include at least seven (7)
				  hours in USPAP coverage.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-33
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.2 - Approved Courses

Current through June 25, 2024
1. Any course,
				which meets the educational requirements for licensing as set forth in Section
				73-34 of the Mississippi Code of 1972, Annotated and the Administrative Rules
				and Regulations of the Mississippi Real Estate Appraiser Licensing and
				Certification Act, is deemed to be an approved continuing education course.
2. Any course sponsored or
				provided by the Board which the Board may deem to be an approved continuing
				education course.
3. Any course
				which has been individually approved by the Board pursuant to the provisions of
				this Rule. Any course in this category must be approved prior to its
				presentation.
4. Any course which
				has been approved for real estate appraiser continuing education by any state
				or country wherein their appraiser licensing and certification program has been
				approved by the Appraisal Subcommittee and which course satisfies the
				requirements established in Part 1501, Chapter 5, Rule
				5.2 (1, 2, & 3) of this Rule
				with the exception of instruction in license law which pertains solely to a
				state other than Mississippi, may be utilized to meet the requirements for
				continuing education upon approval of the individual course by the Board.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-33
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.3 - Procedures and criteria for approval of courses

Current through June 25, 2024
1.
				Definitions: A provider is any person, partnership association, corporation,
				educational organization, or other entity which sponsors, offers, organized
				provides or promotes real estate appraiser continuing education courses. An
				instructor is a person who delivers educational material and information
				directly to students.
2. A
				provider desiring approval of a continuing education course as referred to in
				Section
				73-34-33,
				Mississippi Code of 1972, Annotated, shall make application to the Board. The
				provider, the course, and the instructor must receive concurrent approval.
				Courses described under Part 1501, Chapter 5, Rule
				5.2 must receive approval prior to
				the course being given, except that, in the Board's discretion, courses which
				have not received such prior approval but which meet the proper criteria may be
				approved for credit for appraisers who have completed such courses.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-33
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.4 - Standards for approval of courses

Current through June 25, 2024
1. A proposed
				continuing education course shall be an educational process or program which is
				related to real property appraisal theory, practices or techniques. Credit may
				be granted for educational offerings designed to maintain and increase the
				appraiser's skill, knowledge and competency in real estate appraising and cover
				real estate related appraisal topics such as those listed below:
(a) Ad Valorem Taxation
(b) Arbitration
(c) Business courses related to practice of
				real estate appraisal
(d)
				Construction estimating
(e) Ethics
				and standards of professional practice
(f) Land use planning, zoning and taxation
(g) Management, leasing,
				brokerage, time sharing
(h)
				Property development
(i) Real
				estate appraisal (valuations/evaluations)
(j) Real estate law
(k) Real estate litigation
(l) Real estate financing and investment
(m) Real estate appraisal related
				computer applications
(n) Real
				estate securities and syndication
(o) Real property exchange
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.5 - Educational Credit

Current through June 25, 2024
Credit may also be awarded for up to one-half (1/2) of an
				  individual(s) required continuing education in a "CE Cycle" for participation,
				  other than as a student, in appraisal educational processes and programs.
				  Examples of activities for which credit may be granted are teaching program
				  development, authorship of textbooks, or similar activities which are
				  determined to be equivalent to obtaining continuing education.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-33
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.6 - Qualifications of Instructors

Current through June 25, 2024
The education and/or experience of the instructor must be
				  appropriate to teach the subject matter of approved course.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-33
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 5 - Continuing Education › Rule 30-1501-5.7 - Administrative Requirements

Current through June 25, 2024
1. Providers of
				continuing education courses shall furnish the Board with a class roster
				listing each attendee, in alphabetical order, within thirty (30) days of the
				completion of each course.
2.
				Providers will utilize a three-part certificate or its equivalent for the
				purpose of certifying individual attendance. One designated part shall be
				returned completed to the Board, one part shall be given to the attendee, and
				the remaining part shall be retained by the provider.
3. Attendance and other records of each
				provider must be kept on file for a period of three (3) years and will be
				subject to inspection by the Board at any time during normal business hours.
4. Providers may promote their
				offerings by advertise that a course meets a portion of the continuing
				education requirements; however, no advertisement shall be used which states or
				implies that the Mississippi Real Estate Appraiser Licensing and Certification
				Board has approved or passed on the merits of a course.
5. Suspension or Revocation or Approval
				Failure to comply with any provision of this rule shall constitute grounds for
				suspension or revocation of the approval of a course, a provider or an
				instructor, or other such action as deemed appropriate by the Board. Any member
				of the Board or its duly authorized representatives may audit any offering of
				an approved course at any time during course presentation to determine the
				adequacy of the course presentation and the content. Failure to meet criteria
				for continuing education approval as established in the Board's policy shall
				constitute grounds for withdrawal of continuing education approval of a course.
Miss. Code Ann.
				  §§
										73-34-9(1)(i),
				  73-34-33
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 6 - Temporary Licensing/Certification Privileges › Rule 30-1501-6.1 - Application

Current through June 25, 2024
A real estate appraiser who is on active status and in good
				  standing in a state other than Mississippi and who is Licensed or Certified by
				  the appraiser licensing or certifying agency in such state may apply to receive
				  temporary licensing or certification privileges in Mississippi by filing with
				  the Mississippi Real Estate Licensing and Certification Board (Board) a
				  notarized application on a form prescribed by the Board for such purpose which
				  shall set forth and include the following:
1. Applicant's name, address, social security
				number and such other information as may be necessary to identify the
				applicant;
2. A written statement
				issued by the appraiser licensing or certifying agency in the applicant's
				resident state certifying that the applicant is duly licensed or certified in
				good standing in such state and setting forth any disciplinary actions known to
				or taken by the agency against such applicant;
3. The estimated amount of time required to
				perform the appraisal;
4. An
				irrevocable consent that service of process in any action against the applicant
				arising out of the applicant's appraisal activities in Mississippi may be made
				by delivery of the process on the Chief Executive Officer of the Board; and
5. Such other information as may
				be necessary to determine the applicant's eligibility for temporary appraiser
				licensing or certification privileges in Mississippi.
6. The Board shall collect, at the time of
				submission of an application for Temporary Licensing/Certification, a
				non-refundable Application Fee of $175.00 (One Hundred Seventy-Five Dollars)
				and a non-refundable Temporary Certificate Issuance Fee of $75.00 (Seventy-Five
				Dollars) for issuance of the temporary license/certification, for a total fee
				of $250.00 (Two Hundred Fifty Dollars) for temporary licensure/certification
				privileges.
Miss. Code Ann.
				  §§
										73-34-9(1)(a),
				  73-34-51,
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 6 - Temporary Licensing/Certification Privileges › Rule 30-1501-6.2 - Limitations and requirements for this privilege are as follows

Current through June 25, 2024
1. Each appraisal assignment will require a
				temporary permit and no more than two (2) permits will be granted in a twelve
				(12) month period.
2. Licensing
				and certification privileges shall expire six (6) months from the date of
				issuance or upon the expiration of the appraiser's real estate appraiser
				credential in their home state, whichever shall occur first. A sixty (60) day
				extension to the temporary licensing and certification privilege may be granted
				if the Board receives a written request detailing the reasons for the
				extension. The validity of the temporary permit shall end when the assignment
				is completed or at the end of the six (6) month period (including any extension
				period), whichever occurs first.
3. Persons granted temporary
				licensing/certification privileges shall not advertise or otherwise hold
				themselves out as being licensed or certified by the State of Mississippi and
				must place their temporary privilege number adjacent to their signature on the
				appraisal report.
Miss. Code Ann.
				  §§
										73-34-9(1)(a),
				  73-34-45,
				  73-34-51,
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 6 - Temporary Licensing/Certification Privileges › Rule 30-1501-6.3 - Complaints

Current through June 25, 2024
The Board shall refer to the appraiser licensing or
				  certifying agency in the registrant's resident state any verified complaint
				  filed against the registrant alleging that the registrant has engaged in
				  conduct violative of the Mississippi Real Estate Appraiser Licensing and
				  Certification Act and its Rules and Regulations and in the performance of real
				  estate appraisals in Mississippi.
Miss. Code Ann.
				  §§
										73-34-9(1)(a),
				  73-34-51,
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 7 - Roster of Licensed Appraisers; Annual Registry Fee › Rule 30-1501-7.1 - Annual Registry Fee

Current through June 25, 2024
The Appraisal Subcommittee requires that each state submit a
				  roster of individuals who have been Licensed or Certified. The annual registry
				  fee which must be collected from each licensee is $40.00. This fee must be paid
				  to the Board, upon notification, and within the deadline provided. (§
									73-34-49)
				  (Federal Register, 6/6/91)
Miss. Code Ann.
				  §§
										73-34-49,
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 8 - General Categories › Rule 30-1501-8.1 - Review Appraisals

Current through June 25, 2024
1. When a real
				estate appraisal is prepared by a real estate appraiser Licensed pursuant to
				§
									73-34-17
				of the Mississippi Real Estate Appraiser Licensing and Certification Act, the
				appraisal cannot become certified unless co-signed (co-authored) by a State
				Certified Residential real estate appraiser or a State Certified General real
				estate appraiser. A review appraisal prepared pursuant to Standard 3, Uniform
				Standards of Professional Appraisal Practice, or otherwise defined as a review
				appraisal will not be sufficient to categorize the appraisal as certified.
2. The appointed members,
				ex-officio member and staff of the board, who are state licensed or certified
				real estate appraisers, shall be exempt from the requirements of Standard 3 of
				the Uniform Standards of Professional Appraisal Practice (USPAP) when
				performing review assignments, in their official capacity, of matters relating
				to real estate appraisal standards, real estate appraiser qualifications,
				testing standards and disciplinary functions.
Miss. Code Ann.
				  §§
										73-34-9(3)
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 8 - General Categories › Rule 30-1501-8.2 - Written Appraisals

Current through June 25, 2024
All appraisals prepared in connection with federally related
				  transactions must be written appraisals.
Miss. Code Ann.
				  §§
										73-34-9
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 9 - Licensing Procedure for Licensees of Other States › Rule 30-1501-9.1 - Licensing Procedure for Licensees of Other States

Current through June 25, 2024
A real estate appraiser who is currently Licensed or State
				  Certified by the appraiser licensing or certifying agency in a state other than
				  Mississippi, Territory or District of Columbia may apply and be granted an
				  appraiser license or certification by Mississippi that is equivalent to the
				  license issued by the other state, territory or District of Columbia without
				  being required to demonstrate additional education, experience or examination
				  (with the exception that the Board may require Mississippi Appraiser License
				  Law test questions) provided the individual has satisfied the conditions set
				  forth below, he/she is approved by the Board and the other state's education,
				  experience and examination requirements for licensing and certification comply
				  at a minimum with the qualifications guidelines promulgated by the Appraisal
				  Subcommittee of the Federal Financial Institutions Examination council and both
				  the Appraiser Qualifications Board and the Appraisal Standards Board of the
				  Appraisal Foundation.
1. Provide a
				Completed Application:
2. Pay all
				required fees;
3. Provide a
				statement indicating the applicant has read and agrees to comply with all
				provisions of the appraiser license law and Administrative Rules of
				Mississippi;
4. Provide a
				certification from the licensing state, territory or District of Columbia that
				the applicant holds a valid appraiser license or certification in good standing
				issued by the appraiser regulatory agency in that state, territory or District
				of Columbia as attested to by a statement under seal from the agency setting
				forth:
(a) The applicant's name, business
				address and if available, date and place of birth;
(b) the type license or certification held by
				the applicant and the license or certification number;
(c) the date of licensure or certification
				and the expiration date of the applicant's current license or certification;
(d) the license or certification
				was issued as a result of passing a licensure/certification examination and
(e) A complete record of any
				disciplinary actions taken or disciplinary actions pending against the
				applicant.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 10 - Abbreviations › Rule 30-1501-10.1 - Abbreviations

Current through June 25, 2024
Mississippi licensed appraisers may use the following
				  abbreviations with their assigned license number (LA, RA, GA-000) when signing
				  an appraisal report, certified appraisal report, statements of qualification,
				  contracts or other instruments used by the license holder when reference is
				  made to such license holder's status as a licensed real estate appraiser or
				  licensed certified real estate appraiser as required by Section 47 of the
				  Mississippi Real Estate Appraiser Licensing and Certification Act:
Mississippi
							 ..............................
MS, Miss.
Licensed
							 ..................................
Lic.
Appraiser
							 .................................
App., Appr.
Certified
							 ..................................
Crt., Cert.
Residential
							 ...............................
Res.
General
							 ....................................
Gen., Genl.
Real Estate
							 ..............................
R. E., RE, Rel. Est.
Temporary
							 ...............................
Temp.
Privilege
							 ..................................
Priv.
When signing an appraisal form approved by a Federal agency
				  (Example: Fannie Mae Form 1004) or financial lending institution, the following
				  additional abbreviations may be used:
Licensed Real Estate Appraiser MS LA-000; LA-000
Licensed Certified Residential Real Estate
Appraiser MS Crt. RA-000, MS Cert. RA-000; RA-000
Licensed Certified General Real Estate
Appraiser MS Crt. GA-000 ; MS Cert.
GA-000 ; GA-000
Miss. Code Ann.
				  §§
										73-35-9(i),
				  73-34-11
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.1 - Scope of Practice

Current through June 25, 2024
The scope of practice for the Appraiser Trainee
				  Classification is strictly limited to appraisal assistance for those properties
				  which the Certified Supervisory Appraiser is permitted to appraise based on
				  his/her current credential and his/her competency to appraise the type of
				  property.
Miss. Code Ann.
				  §§
										73-34-9(1)(c),
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.2 - Uniform Standards of Professional Appraisal Practice

Current through June 25, 2024
The Appraiser Trainee shall be subject to the Uniform
				  Standards of Professional Appraisal Practice (USPAP).
Miss. Code Ann.
				  §§
										73-34-9(1)(c),
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.3 - Appraisal Reports Kept on File Time Period

Current through June 25, 2024
The Appraiser Trainee shall be entitled to obtain copies of
				  all appraisal reports that they assisted in preparing with the Certified
				  Supervisory Appraiser. The Certified Supervisory Appraiser shall keep copies of
				  all such appraisal reports for a period of at least five years or for at least
				  two years following the final disposition of any judicial proceeding in which
				  testimony was given, whichever period expired last.
Miss. Code Ann.
				  §§
										73-34-9(1)(c),
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.4 - Examination

Current through June 25, 2024
There is no examination requirement for the Appraiser
				  Trainee Permit.
Miss. Code Ann.
				  §§
										73-34-9(1)(c),
				  73-34-59
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.5 - Education Prerequisite to Application

Current through June 25, 2024
1. As a
				prerequisite to application for an Appraiser Trainee permit, an applicant must
				have completed all education requirements established by the AQB, including
				successful passage of the appropriate end-of-course examinations in all
				prerequisite qualifying education courses. Applicants must also pass the
				15-hour National Uniform Standards of Professional Appraisal Practice (USPAP)
				course or its AQB-approved equivalent and the examination as part of
				prequalification education requirements as established by the AQB. All
				qualifying education must be completed within the five (5) year period
				immediately prior to the date of the submission of an Appraiser Trainee
				application.
NOTE: Appraiser Trainees shall be required to complete a
				  course that, at a minimum, complies with the specifications for course content
				  established by the Appraisal Qualifications Board (AQB), which is specifically
				  oriented to the requirements and responsibilities of the Certified Supervisory
				  Appraiser and the Appraiser Trainee. The course must be completed by the
				  applicant prior to obtaining an Appraisal Trainee credential from the State
				  Appraisal Board. Further, the Appraiser Trainee course is not eligible for use
				  towards the required hours of qualifying education required to become an
				  Appraiser Trainee as established by the AQB.
2. A classroom hour is defined as 60 minutes,
				of which at least 50 minutes are instruction attended by the student.
3. Classroom hours for Qualifying
				Education may only be obtained where the minimum length of the educational
				offering is 15 hours in length and the individual must have successfully
				completed an examination pertinent to that educational offering.
4. Credit for the classroom hour requirement
				may be obtained from the following:
(a)
				Colleges or Universities
(b)
				Community or Junior Colleges
(c)
				Real Estate Appraisal or Real Estate related organizations as approved by the
				Board.
(d) State or Federal
				Agencies or Commissions as approved by the Board.
(e) Proprietary Schools as approved by the
				Board.
(f) Other providers
				approved by the Board.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.6 - Experience

Current through June 25, 2024
1. The Appraiser Trainee shall be subject to
				the direct supervision of a State Certified Supervisory Appraiser who shall be
				state certified, in good standing and subject to the Board's approval. No
				experience may be gained by the Appraiser Trainee unless the Board has approved
				the State Certified Supervisory Appraiser with whom they are working.
2. The State Certified Supervisory
				Appraiser shall be responsible for the training and direct supervision of the
				Appraiser trainee by:
(a) Accepting all
				responsibility for the appraisal and the report by signing and certifying that
				the report is in compliance with the Uniform Standards of Professional
				Appraisal Practice (USPAP) and by further documenting the tasks completed by
				the Appraiser Trainee and verifying the time (hours) the Appraiser Trainee
				spent providing the appraisal assistance.
(b) Personally inspecting and being
				physically present at each appraised property with the Appraiser Trainee, if an
				inspection is required, until such time as the Certified Supervisory Appraiser
				determines that the Appraiser Trainee is competent to inspect the property type
				in accordance with the Competency Rule of USPAP.
(c) Sign all appraisals as the Supervisory
				Appraiser if an Appraiser Trainee documents the appraisal as being part of
				their appraisal experience log.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 11 - Appraiser Trainee Qualification Criteria › Rule 30-1501-11.7 - Continuing Education

Current through June 25, 2024
An Appraiser Trainee shall be required to obtain:
1. At least fourteen (14) hours of elective
				continuing education per year. In addition, a seven (7) hour USPAP up-date
				course must be taken within a two-year period.
2. A classroom hour is defined as sixty (60)
				minutes, of which at least 50 minutes are instruction attended by the student.
3. Credit toward the classroom
				hour requirement may be granted only where the length of the educational
				offering is at least two hours.
4.
				Credit for the classroom hour requirement may be obtained from the following:
(a) Colleges or Universities
(b) Community or Junior Colleges
(c) Real Estate Appraisal or Real Estate
				Related Organizations approved by the Board.
(d) State or Federal Agencies or commissions
				approved by the Board.
(e)
				Proprietary Schools approved by the Board.
(f) Other providers approved by the Board.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 12 - Certified Supervisory Appraiser Qualification Criteria › Rule 30-1501-12.1 - Scope of Practice

Current through June 25, 2024
1. Certified
				Supervisory Appraisers shall be responsible for the training, guidance and the
				direct supervision of the Appraiser Trainee by:
(a) Accepting all responsibility for the
				appraisal and the report by signing and certifying that the report is in
				compliance with the Uniform Standards of Professional Appraisal Practice
				(USPAP) and by further documenting the tasks completed by the Appraiser Trainee
				and verifying the time (hours) the Appraiser Trainee spent providing the
				appraisal assistance.
(b)
				Personally inspecting and being physically present at each appraised property
				with the Appraiser Trainee, if an inspection is required, until such time as
				the Certified Supervisory Appraiser determines that the Appraiser Trainee is
				competent to inspect the property type in accordance with the Competency Rule
				of USPAP.
(c) Reviewing and
				signing all appraisals as the Certified Supervisory Appraiser if an Appraiser
				Trainee documents the appraisal as being part of their appraisal experience
				log.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1501 - Mississippi Real Estate Appraiser Licensing and Certification Board › Chapter 13 - Disciplinary Actions › Rule 30-1501-13.1 - Complaints And Investigations

Current through June 25, 2024
1. The Board may
				commence an investigation upon receipt of information indicating that a
				credentialed appraiser may have committed a violation of the Board's laws or
				regulations as set forth under Mississippi Code 73-34-35 (1972, as amended), or
				on its own initiative (complaint).
2. A complaint may be dismissed for lack of
				jurisdiction, because no apparent violation exists, there is insufficient
				evidence to prove a violation, or warrants dismissal for other good cause; or
				the complaint may be resolved by a consent order or other informal disposition.
				If the complaint is not dismissed, resolved by a Consent Order or other
				informal disposition, a formal complaint shall be filed and the matter shall
				proceed to a hearing in accordance with provisions of Mississippi Code Ann.
				73-34-41
				(1972, as amended).
Miss. Code Ann.
				  73-34-9(2)(d),
				  (j), (l)&(n) (Rev.
				  2012).
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1502 - Appraisal Management Companies › Chapter 2 - Registration › Rule 30-1502-2.1 - Certificates of Registration

Current through June 25, 2024
1. Each Certificate
				of Registration issued by the MAB shall indicate on its face in clear and
				concise language the following information:
(a) The name of the holder;
(b) The Certificate of Registration number;
(c) The dates of issuance and
				expiration of the document; and
(d) Shall bear the signature of the
				Administrator of the Board.
Mississippi Administrative Code › Title 30 - Professions and Occupations › Part 1502 - Appraisal Management Companies › Chapter 2 - Registration › Rule 30-1502-2.2 - Application Process

Current through June 25, 2024
1. An applicant for
				a Certificate of Registration as an Appraisal Management Company (AMC) shall
				apply by submitting a written application on the Board's prescribed form and
				shall be subject to approval by the Board. Applicant shall fully and accurately
				report all information and submit all documentation required by the application
				and the Board.
2. Applications for
				initial registration as an AMC shall include, at a minimum, the following
				information:
(a) The name, business address,
				phone number and other contact information for the applicant;
(b) Fictitious name or names under which
				applicant does business in any state;
(c) Branch offices at which applicant will
				conduct business in this state;
(d) If the applicant is not a corporation
				that is domiciled in this state, the name and contact information for the
				applicant's agent for service of process in this state;
(e) The name, address, and contact
				information for any individual or business entity that owns ten percent (10%)
				or more of the applicant AMC;
(f)
				The name, address and contact information for the individual designated as the
				Designated Officer;
(g) A
				certification that the applicant AMC has a system in place to verify that a
				person being added to the appraiser panel of the AMC holds a license in good
				standing by the Mississippi Real Estate Appraiser Licensing and Certification
				Board, if a license is required to perform appraisals;
(h) A certification that the applicant AMC
				requires appraisers completing appraisals at its request to comply with the
				Uniform Standards of Professional Appraisal Practice (USPAP), including the
				requirements for geographic and product competence;
(i) A certification that the applicant AMC
				has a system in place to verify only licensed or certified appraisers are used
				for federally related transactions;
(j) A certification that the applicant AMC
				has a system in place to require that appraisals are conducted independently
				and free from inappropriate influence and coercion as required by the appraisal
				independence standards established under Section 129E of the Truth in Lending
				Act, including the requirements for payment of a reasonable and customary fee
				to appraisers when the AMC is providing services for a consumer credit
				transaction secured by a principal dwelling of a consumer; and
(k) A certification that the applicant AMC
				maintains a detailed record of each service request that it receives and the
				appraiser that performs the residential real estate appraisal services for the
				AMC.