West Virginia Code of State Rules › Agency 190 - Real Estate Appraiser Licensing And Certification Board › Title 190 - LEGISLATIVE RULE WEST VIRGINIA REAL ESTATE APPRAISER LICENSING AND CERTIFICATION BOARD › Series 190-02 - Requirements for Licensure and Certification › Section 190-2-2 - Definitions

Current through Register Vol. XLI, No. 28, July 12, 2024
2.1. "Accredited colleges, universities and
				junior and community colleges" means those institutions of higher learning
				under the Higher Education Policy Commission or listed in the Transfer of
				Credit Practices of Designated Educational Institutions, published by the
				American Association of Collegiate Registrars and Admissions
				Officers.
2.2. "Adult distributive
				or marketing education programs" means those programs offered at schools
				approved by the Higher Education Policy Commission or any other local, state or
				federal government agency, board or commission to teach adult education or
				marketing courses.
2.3. "Appraisal
				Foundation" means the Appraisal Foundation established on November 30, 1987, as
				a not-for-profit corporation under the laws of Illinois.
2.4. "Appraiser Qualifications Board" or
				"AQB" means the board created by the Appraisal Foundation to establish minimum
				criteria for the licensure and certification of qualified appraisers by
				defining, issuing, and promoting qualification criteria; to disseminate the
				qualification criteria to states, governmental entities and others; and to
				develop or assist in the development of examinations for qualified
				appraisers.
2.5. "Board" means the
				West Virginia Real Estate Appraiser Licensing and Certification
				Board.
2.6. "Classroom hour" means
				50 minutes out of each 60 minutes of actual classroom instruction in courses
				approved by the board.
2.7.
				"Classroom hour of distance education" means the allotted course time approved
				by the International Distance Education Certification Center (IDECC) delivery
				certification, the AQB and the board.
2.8. "Direct supervision" means that a
				supervisor shall accompany and view the exterior and interior of all properties
				with the supervised apprentice or appraiser; review each appraisal report;
				assign work to the apprentice or appraiser only if the apprentice or appraiser
				is competent to perform the work; accept full responsibility for the report;
				and approve and sign the report as being independently and impartially prepared
				in compliance with the USPAP and applicable statutory requirements.
2.9. "Experience" as used in this rule
				includes but is not limited to experience gained in the performance of
				traditional appraisal assignments, or in the performance of the following: fee
				and staff appraisals; ad valorem tax appraisal; condemnation appraisal;
				technical review appraisal; appraisal analysis; real estate consulting; highest
				and best use analysis; and, feasibility analysis or study.
2.10. "Licensee" means a person who holds a
				current valid license as a state licensed residential real estate appraiser, a
				certification as a state certified residential real estate appraiser or a
				certification as a state certified general real estate appraiser issued under
				the provisions of W. Va. Code §§30-38 et seq.
2.11. "Local, state or federal government
				agency, board or commission" means any entity established by any local, federal
				or state government to protect or promote the health, safety and welfare for
				the citizens of its domain.
2.12.
				"LIW" means the Low-Income Waiver form used to request a waiver of the initial
				licensing fee for low-income individuals, as authorized in W. VA. Code
				§
									30-1-23.
2.13. "Low-Income
				individual" means an individual in the local labor market, as defined in W. Va.
				Code §
									21-1C-2, whose household adjusted gross income is below 130 percent
				of the federal poverty line. This term also includes any person enrolled in a
				state or federal public assistance program including, but not limited to, the
				Temporary Assistance for Needy Families Program, Medicaid, or the Supplemental
				Nutrition Assistance Program.
2.14.
				"Military families" means any person who served as an active member of the
				armed forces of the United States, the National Guard, or a reserve component
				as described in  38 U.S.C. §
										101, honorably discharged veterans of those
				forces, and their spouses. This term also includes surviving spouses of
				deceased service members who have not remarried.
2.15. "MFW" means the Military Family Waiver
				form used to request a waiver of the initial licensing fee for military service
				members and their spouses, as described in West Virginia Code §
									30-1-23.
2.16. "National Registry
				of the Appraisal Subcommittee" means the database of State Licensed, State
				Certified Residential and State Certified General Appraisers who are eligible
				to perform appraisals in connection with federally related transactions which
				is maintained by the Appraisal Subcommittee of the Federal Financial
				Institutions Examination Council (the Appraisal Subcommittee).
2.17. "Non-residential property" means any
				real property other than residential real property.
2.18. "Proprietary school" means a
				privately-owned school, under the authority of a local, state or federal
				government agency, board or commission, offering appraisal or appraisal related
				courses.
2.19. "Residential
				property" means one to four single family residential units and lots where the
				highest and best use is for one to four single family residential
				units.
2.20. "Uniform Standards of
				Professional Appraisal Practice" or "USPAP" means the Uniform Standards of
				Professional Appraisal Practice published by The Appraisal Foundation, as such
				standards may be amended from time to time.
2.21. "Written exam" refers to an examination
				written on paper or administered through a computer workstation or other
				electronic device.