Oregon Administrative Rules › Chapter 161 - APPRAISER CERTIFICATION AND LICENSURE BOARD › Division 25 - SCOPE OF PRACTICE AND PROCEDURES › Section 161-025-0060 - Appraisal Standards and USPAP

Current through Register Vol. 63, No. 7, July 1, 2024
(1) All licensees must develop and
			 communicate each appraisal assignment in compliance with these administrative
			 rules and USPAP.
(2) A licensee
			 employed by a group or organization that conducts itself in a manner that does
			 not conform to USPAP Standards must take steps that are appropriate under the
			 circumstances to ensure compliance with the Standards.
(3) All licensees must certify to what extent
			 they personally inspected the property that is the subject of the appraisal
			 assignment. Each report must clearly state that the subject property was:
			 inspected both inside and out; inspected from the exterior only; or was not
			 personally inspected by the licensee.
(4) In addition to certifying as to the
			 extent of the subject's inspection, all licensees must also certify to what
			 extent each of the comparable sales relied upon in the appraisal were
			 personally inspected.
(5) All
			 licensees must disclose in all appraisal reports whether the comparable sales
			 analyzed in the appraisal report were or were not confirmed by a party to the
			 transaction or an agent or representative of a party to the
			 transaction.
(6) All licensees
			 testifying or presenting evidence in an administrative or judicial proceeding
			 must base their testimony or evidence only upon a written appraisal report or
			 restricted appraisal report in compliance with USPAP, reflecting a report date
			 that precedes the date of testimony, unless such testimony is being compelled
			 by legal subpoena.
(7) The "Uniform
			 Standards of Professional Appraisal Practice", 2018-2019 Edition, approved and
			 adopted by the Appraisal Standards Board of the Appraisal Foundation, dated
			 April 27, 1987, as amended on January 1, 2018, are incorporated into the
			 Administrative Rules of the Appraiser Certification and Licensure Board as the
			 standards of professional conduct which shall guide the behavior of licensed
			 and certified appraisers in the State of Oregon for the period January 1, 2018
			 through and including December 31, 2019. Copies of the Uniform Standards of
			 Professional Appraisal Practice may be obtained from the Appraisal Foundation
			 located at 1155 - 15th Street NW, Suite 1111, Washington D.C. 20005-3517.
(8) All licensees must list their
			 certificate or license number and expiration date in each appraisal
			 report.
(9) All licensees must
			 comply with USPAP and all other applicable administrative rules in OAR chapter
			 161 in all valuation activity, unless such valuation activity qualifies as an
			 exclusion to real estate appraisal activity under ORS
			 674.100(2)(h).
(10) Notwithstanding any other provision of
			 these rules, a licensee acting in one of the following capacities is not
			 subject to the requirements of Standards 3 and 4 of USPAP when examining an
			 appraisal report and workfile as part of an official investigation being
			 conducted by the Board:
(a) Board member;
			 and
(b) Employee; or
(c) Contractor or volunteer serving at the
			 request of the Board.