(Amendment)
DAR File No.: 33224
Filed: 11/30/2009 03:44:29 PMRULE ANALYSIS
Purpose of the rule or reason for the change:
This amendment is proposed to allow individuals to calculate experience toward licensure in terms of hours rather than in terms of both points and hours.
Summary of the rule or change:
Throughout, the term "point" is replaced with the term "hour," and the required points are converted to hours by a factor of five; i.e., where 1 point was required, now 5 hours are required. The number of hours allowed for data entry is changed to 0.25, or 15 minutes.
State statutory or constitutional authorization for this rule:
Anticipated cost or savings to:
the state budget:
The state might realize some savings in time required to review experience logs. Staff will have to analyze only the hours claimed rather than analyzing both points and hours. However, the state budget will not be affected.
local governments:
Local governments are not required to complete or review the experience logs that are required for appraiser licensure and certification.
small businesses:
Small businesses are not required to complete or review the experience logs that are required for appraiser licensure and certification. Small businesses that hire trainees and appraisers may choose to assist in tracking hours toward licensure and certification. Those businesses will benefit from having the process simplified.
persons other than small businesses, businesses, or local governmental entities:
Affected persons who are logging their experience in order to qualify for licensure or certification must record that experience in terms of hours. They no longer have to calculate points as well. There are no costs associated with relieving them of this additional requirement.
Compliance costs for affected persons:
To comply, affected persons must log their experience in terms of hours only. This amendment should make it easier for them to record their experience. It will not impose any costs.
Comments by the department head on the fiscal impact the rule may have on businesses:
No fiscal impact to businesses is anticipated from this rule filing, which simplifies the method of calculating experience toward licensure.
Francine A. Giani, Executive Director
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:
Commerce
Real Estate
160 E 300 S
SALT LAKE CITY, UT 84111-2316Direct questions regarding this rule to:
- Jennie Jonsson at the above address, by phone at 801-530-6706, by FAX at 801-526-4387, or by Internet E-mail at jjonsson@utah.gov
Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:
01/14/2010
This rule may become effective on:
01/21/2010
Authorized by:
Deanna Sabey, Director
RULE TEXT
R162. Commerce, Real Estate.
R162-104. Experience Requirement.
R162-104-1. Measuring Experience.
104.1.1 Except for those applicants who qualify under Section 104-14, appraisal experience shall be measured in [
points]hours according to the Appraisal Experience [Points]Hours Schedules in Section R162-104-15 of this rule[and also in time accrued].104.1.1.1 Experience for state-licensed applicants shall have been accrued in no fewer than 12 months. Experience for the certified residential applicants shall have been accrued in no fewer than 24 months, as required by the AQB. Experience for the certified general applicants shall have been accrued in no fewer than 30 months, as required by the AQB.
104.1.1.2 Applicants[
for the state-licensed category] shall submit proof of experience as follows:[at least 400 points of experience and a minimum of 2000 appraisal hours of experience. Applicants for certified residential shall submit proof of at least 100 additional points and 500 additional appraisal hours accrued after state-licensed status was obtained, for a total of 500 points and 2500 appraisal hours of experience. Applicants for certified general shall submit proof of at least 200 additional points and 1000 appraisal hours accrued after state-licensed status was obtained, for a total of 600 points and 3000 appraisal hours of experience.](a) State-licensed appraiser: at least 2,000 hours of appraisal experience.
(b) Certified residential appraiser: 500 hours accrued after state-licensed status was obtained, for a minimum of 2,500 hours of appraisal experience.
(c) Certified general appraiser: 1,000 hours accrued after state-licensed status was obtained, for a minimum of 3,000 hours of appraisal experience.
R162-104-2. Maximum [
Points]Hours Per Year.104.2 [
For applicants for certification, a maximum of 400 points will be credited for any one 12-month period. For applicants for licensure, a maximum of 400 points will be credited for any one]An applicant may not accrue more than 2,000 experience hours in any 12-month period.R162-104-5. Compliance with USPAP and Licensing Requirements; Local Experience Requirement.
104.5 No experience credit will be given for appraisals which were performed in violation of Utah law, the law of another jurisdiction, or the administrative rules adopted by the Division and the Board.
104.5.1 No experience credit will be given for appraisals unless the appraisals were done in compliance with USPAP.
104.5.2 In order to qualify as experience credit toward certification, the additional [
points]hours for certification required by Subsection R162-104.1.1.2 must have been accrued while the applicant was licensed as an appraiser in Utah, or in another state if licensure was required in that state, at the time the appraisal was performed.104.5.3 Except for experience [
points]hours claimed under Subsection R162-104.15.3, appraisals where only an exterior inspection of the subject property is performed shall be granted 25% of the credit awarded an appraisal which includes an interior inspection of the subject property. Not more than 25% of the total experience required for licensure or certification may be earned from appraisals where the interior of the subject property is not inspected.104.5.4 At least 50% of the appraisals submitted for experience credit shall be appraisals of properties located in Utah.
R162-104-6. State-Licensed and State-Certified Applicants.
104.6.1 Except for those applicants who qualify under Section R162-104-14, applicants applying for licensure as State-Licensed Appraisers shall be awarded [
points]hours from the [Points]Hours Schedules in Section R162-104-15 for their experience prior to licensure only if the experience claimed was gained in compliance with Subection R162-105-3.104.6.2 Applicants applying for certification as State-Certified Residential Appraisers must document at least 75% of the [
points]hours submitted from the Residential Experience [Points]Hours Schedule or the residential portion of the Mass Appraisal [Points]Hours Schedule. No more than 25% of the total [points]hours submitted may be from the General Experience [Points]Hours Schedule or from assignments listed on the Mass Appraisal [Points]Hours Schedule other than 1 to 4 unit residential properties.104.6.3 Applicants applying for certification as State-Certified General Appraisers may claim [
points]hours for experience from any of the [Points]Hours Schedules in Section R162-104-15, so long as at least 50% of the total [points]hours has been earned from the General Experience [Points]Hours Schedule or from assignments listed on the Mass Appraisal [Points]Hours Schedule other than 1 to 4 unit residential properties.R162-104-7. Review or Supervision of Appraisals.
104.7 Review appraisals will be awarded experience credit when the appraiser has performed technical reviews of appraisals prepared by either employees, associates or others, provided the appraiser complied with Uniform Standards of Professional Appraisal Practice Standards Rule 3 when the appraiser was required to comply with the rule. The following [
points]hours shall be awarded for review or supervision of appraisals:104.7.1 Review of an appraisal which includes verification of the data, but which does not include a physical inspection of the property, commonly known as a desk review, shall be worth 30% of the [
points]hours awarded to the appraisal if a separate written review appraisal report is prepared. Except as provided in Subsection R162-104.7.5, a maximum of [100 points]500 hours may be earned by desk review of appraisals.104.7.2 Review of appraisals which includes a physical inspection of the property and verification of the data, commonly known as a field review, shall be worth 50% of the [
points]hours awarded to the appraisal if a separate written review appraisal report is prepared. Except as provided in Subsection R162-104.7.5, a maximum of [100 points]500 hours may be earned by field review of appraisals.104.7.3 Supervision of appraisers shall be worth 20% of the [
points]hours awarded to the appraisal. A maximum of [100 points]500 hours may be earned by supervision of appraisers.104.7.4 Except as provided in Subsection R162-104.7.5, not more than 50% of the total experience required for certification may be granted under Subsections R162-104.7.1 through R162-104.7.3 and R162-104.9.1 and R162-104.9.3 combined.
104.7.5 Applicants whose experience was earned through review of appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies are not subject to the [
point]hour limitations in Subsections R162-104.7.1, R162-104.7.2, and R162-104.7.4.R162-104-8. Condemnation Appraisals.
104.8 Condemnation appraisals shall be worth an additional 50% of the [
points]hours normally awarded for the appraisal if the condemnation appraisal included a before and after appraisal because of a partial taking of the property.R162-104-11. Unacceptable Experience.
104.11 An applicant will not receive [
points]hours toward satisfying the experience requirement for licensure or certification for performing the following:(a) Appraisals of the value of a business as distinguished from the appraisal of commercial real estate; or
(b) Personal property appraisals.
R162-104-14. Special Circumstances.
104.14 Applicants having experience in categories other than those shown on the Appraisal Experience [
Points]Hours Schedules[, or]and applicants who believe the Experience [Points]Hours Schedules do not adequately reflect their experience[,] or [applicants who believe the Experience Points Schedules do not adequately reflect] the complexity or time spent on an appraisal[,] may petition the Board on an individual basis for evaluation and approval of their experience as being substantially equivalent to that required for licensure or certification. Upon a finding that an applicant's experience is substantially equivalent to that required for licensure or certification, the Board may accept the alternate experience and award the applicant an appropriate number of [points]hours for the alternate experience.104.14.1 Fulltime elected county assessors and any person performing an appraisal for the purposes of establishing the fair market value of real estate for the assessment roll are not subject to the scope of authority limitations in Subsection R162-105.3.
R162-104-15. Appraisal Experience [
Points]Hours Schedules.[
104.15 Points shall be awarded as follows. The point schedule in Table 1 is intended to award one experience point for every five hours of appraisal experience.]104.15.1 Residential Experience [
Points]Hours Schedule. The following [points]hours shall be awarded to form appraisals. [Three points]Fifteen hours may be added to the [points]hours shown if the appraisal was a narrative appraisal instead of a form appraisal.[
TABLE 1
(a) One-unit dwelling, above-grade living area less than 4,000 square feet, including a site 1 point (1) One-unit dwelling, above- grade living area 4,000 square feet or more, including a site 1.5 points (b) Multiple one-unit dwellings in the same subdivision or condominium project which are substantially similar (1) 1-25 dwellings 1 point per dwelling up to a maximum of 6 points (2) Over 25 dwellings A total of 10 points (c) Two to four-unit dwelling 4 points (d) Employee Relocation Counsel reports completed on currently accepted Employee Relocation Counsel form 2 points (e) Residential lot, 1-4 unit 1 point (f) Multiple lots in the same subdivision which are substantially similar (1) 1-25 lots 1 point per lot up to a maximum of 6 points (2) Over 25 lots A total of 10 points (g) Small parcel up to 5 acres 1 point (h) Vacant land, 20-500 acres 4-8 points, as determined by the Board (i) Recreational, farm, or timber acreage suitable for a house site, up to 10 acres 2 points Over 10 acres 3 points (j) All other unusual structures or acreages, 1-7 points which are much larger or more complex than as determined typical properties by the Board (k) Review of residential appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies 2-10 points]
TABLE 1
(a) One-unit dwelling, above-grade living area less than 4,000 square feet, including a site 5 hours (1) One-unit dwelling, above- grade living area 4,000 square feet or more, including a site 7.5 hours (b) Multiple one-unit dwellings in the same subdivision or condominium project which are substantially similar (1) 1-25 dwellings 5 hours per dwelling up to a maximum of 30 hours (2) Over 25 dwellings A total of 50 hours (c) Two to four-unit dwelling 20 hours (d) Employee Relocation Counsel reports completed on currently accepted Employee Relocation Counsel form 10 hours (e) Residential lot, 1-4 unit 5 hours (f) Multiple lots in the same subdivision which are substantially similar (1) 1-25 lots 5 hours per lot up to a maximum of 30 hours (2) Over 25 lots A total of 50 hours (g) Small parcel up to 5 acres 5 hours (h) Vacant land, 20-500 acres 20-40 hours, as determined by the Board (i) Recreational, farm, or timber acreage suitable for a house site, up to 10 acres 10 hours Over 10 acres 15 hours (j) All other unusual structures or acreages, 5-35 hours which are much larger or more complex than as determined typical properties by the Board (k) Review of residential appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies 10-50 hours104.15.1.1 Government Agency Experience. Applicants whose experience was earned primarily through review of residential appraisals with no opinion of value developed as part of the review that were performed in conjunction with investigations by government agencies will be required to submit proof of having performed at least the following number of one-unit dwelling appraisals conforming to USPAP Standards 1 and 2:
104.15.1.1.1 Applicants for State-Licensed Appraiser: five.
104.15.1.1.2 Applicants for State-Certified Residential Appraiser: eight.
104.15.1.2 A maximum of 250 experience [
points]hours may be earned from appraisal of vacant land.104.15.2 General Experience [
Points]Hours Schedule. All appraisal reports claimed in the following areas must be narrative appraisal reports unless specified otherwise.[The point schedule in Table 2 is intended to award one experience point for every five hours of appraisal activity.] Experience [points]hours listed in Table 2 may be increased by 50% for unique and complex properties if the applicant notes the number of extra [points]hours claimed on the Appraiser Experience Log submitted by the applicant and maintains in the workfile for the appraisal an explanation about why the extra [points]hours are claimed.[
TABLE 2(a) Apartment buildings, 5-100 units 8 points Over 100 units 10 points (b) Hotel or motels, 50 units or fewer 6 points 51-150 units 8 points Over 150 units 10 points (c) Nursing home, rest home, care facilities, Fewer than 80 beds 8 points Over 80 beds 10 points (d) Industrial or warehouse building, Fewer than 20,000 square feet 6 points Over 20,000 square feet, single tenant 8 points Over 20,000 square feet, multiple tenants 10 points (e) Office buildings Fewer than 10,000 square feet 6 points Over 10,000 square feet, single tenant 8 points Over 10,000 square feet, multiple tenants 10 points (f) Entire condominium projects, using income approach to value 5- to 30-unit project 6 points 31- or more-unit project 10 points (g) Retail buildings Fewer than 10,000 square feet 6 points More than 10,000 square feet, single tenant 8 points More than 10,000 square feet, multiple tenants 10 points (h) Commercial, multi-unit, industrial, or other nonresidential use acreage 1 to 99 acres 4-8 points 100 acres or more, income approach to value 10-12 points (i) All other unusual structures or assignments 1 to 20 which are much larger or more complex than the points as properties described in (a) to (h) herein. determined by Board (j) Entire Subdivisions or Planned Unit Developments (PUDs) 1- to 25-unit subdivision or PUD 6 points Over 25-unit subdivision or PUD 10 points (k) Feasibility or market analysis, 1 to 20 maximum 100 points points as determined by Board Farm and Ranch appraisals Form Narrative (l) Separate grazing privileges 4 pts. 5 pts. or permits (m) Irrigated cropland, pasture other than rangeland, 1 to 10 acres 2 pts. 3 pts. 11-50 acres 2.5 pts. 4 pts. 51-200 acres 3 pts. 5 pts. 201-1000 acres 5 pts. 8 pts. More than 1000 acres 8 pts. 10 pts. (n) Dry farm, 1 to 1000 acres 3 pts. 5 pts. More than 1000 acres 4 pts. 8 pts. (o) Improvements on properties other than a rural residence, maximum 2 points: Dwelling 1 pt. 1 pt. Sheds 0.5 pt. 0.5 pt. (p) Cattle ranches 0-200 head 3 pts. 4 pts. 201-500 head 5 pts. 6 pts. 501-1000 head 6 pts. 8 pts. More than 1000 head 8 pts. 10 pts. (q) Sheep ranches 0-2000 head 5 pts. 6 pts. More than 2000 head 7 pts. 9 pts. (r) Dairies, includes all improvements except a dwelling 1-100 head 4 pts. 5 pts. 101-300 head 5 pts. 6 pts. More than 300 head 6 pts. 7 pts. (s) Orchards 5-50 acres 6 pts. 8 pts. More than 50 acres 8 pts. 10 pts. (t) Rangeland/timber 0-640 acres 4 pts. 5 pts. More than 640 acres 6 pts. 7 pts. (u) Poultry 0-100,000 birds 6 pts. 8 pts. More than 100,000 birds 8 pts. 10 pts. (v) Mink 0-5000 cages 6 pts. 7 pts. More than 5000 cages 8 pts. 10 pts. (w) Fish farms 8 pts. 10 pts. (x) Hog farms 8 pts. 10 pts. (y) Review of Table 2 appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies 4-20 points]
TABLE 2
(a) Apartment buildings, 5-100 units 40 hours Over 100 units 50 hours (b) Hotel or motels, 50 units or fewer 30 hours 51-150 units 40 hours Over 150 units 50 hours (c) Nursing home, rest home, care facilities, Fewer than 80 beds 40 hours Over 80 beds 50 hours (d) Industrial or warehouse building, Fewer than 20,000 square feet 30 hours Over 20,000 square feet, single tenant 40 hours Over 20,000 square feet, multiple tenants 50 hours (e) Office buildings Fewer than 10,000 square feet 30 hours Over 10,000 square feet, single tenant 40 hours Over 10,000 square feet, multiple tenants 50 hours (f) Entire condominium projects, using income approach to value 5- to 30-unit project 30 hours 31- or more-unit project 50 hours (g) Retail buildings Fewer than 10,000 square feet 30 hours More than 10,000 square feet, single tenant 40 hours More than 10,000 square feet, multiple tenants 50 hours (h) Commercial, multi-unit, industrial, or other nonresidential use acreage 1 to 99 acres 20-40 hours 100 acres or more, income approach to value 50-60 hours (i) All other unusual structures or assignments 5 to 100 which are much larger or more complex than the hours as properties described in (a) to (h) herein. determined by Board (j) Entire Subdivisions or Planned Unit Developments (PUDs) 1- to 25-unit subdivision or PUD 30 hours Over 25-unit subdivision or PUD 50 hours (k) Feasibility or market analysis, 5 to 100 maximum 500 hours hours as determined by Board Farm and Ranch appraisals Form Narrative (l) Separate grazing privileges 20 hrs. 25 hrs. or permits (m) Irrigated cropland, pasture other than rangeland, 1 to 10 acres 10 hrs. 15 hrs. 11-50 acres 12.5 hrs. 20 hrs. 51-200 acres 15 hrs. 25 hrs. 201-1000 acres 25 hrs. 40 hrs. More than 1000 acres 40 hrs. 50 hrs. (n) Dry farm, 1 to 1000 acres 15 hrs. 25 hrs. More than 1000 acres 20 hrs. 40 hrs. (o) Improvements on properties other than a rural residence, maximum 10 hours: Dwelling 5 hrs. 5 hrs. Sheds 2.5 hrs. 2.5 hrs. (p) Cattle ranches 0-200 head 15 hrs. 20 hrs. 201-500 head 25 hrs. 30 hrs. 501-1000 head 30 hrs. 40 hrs. More than 1000 head 40 hrs. 50 hrs. (q) Sheep ranches 0-2000 head 25 hrs. 30 hrs. More than 2000 head 35 hrs. 45 hrs. (r) Dairies, includes all improvements except a dwelling 1-100 head 20 hrs. 25 hrs. 101-300 head 25 hrs. 30 hrs. More than 300 head 30 hrs. 35 hrs. (s) Orchards 5-50 acres 30 hrs. 40 hrs. More than 50 acres 40 hrs. 50 hrs. (t) Rangeland/timber 0-640 acres 20 hrs. 25 hrs. More than 640 acres 30 hrs. 35 hrs. (u) Poultry 0-100,000 birds 30 hrs. 40 hrs. More than 100,000 birds 40 hrs. 50 hrs. (v) Mink 0-5000 cages 30 hrs. 35 hrs. More than 5000 cages 40 hrs. 50 hrs. (w) Fish farms 40 hrs. 50 hrs. (x) Hog farms 40 hrs. 50 hrs. (y) Review of Table 2 appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies 20-100 hours104.15.2.1 Government Agency Experience. Applicants for certification as a State-Certified General Appraiser whose experience was earned primarily through review of appraisals that are listed on Table 2 with no opinion developed as part of the review that were performed in conjunction with investigations by government agencies will be required to submit proof of having performed at least eight Table 2 appraisals conforming to USPAP Standards 1 and 2.
104.15.2.2 Appraisals on commercial or multi-unit form reports shall be worth 75% of the [
points]hours normally awarded for the appraisal.104.15.3 Mass Appraisal Experience [
Points]Hours Schedule.[The point schedule in Table 3 is intended to award one experience point for every five hours of mass appraisal activity.][
TABLE 3
(a) One-unit dwelling, above-grade living area less than 4,000 square feet (1) Exterior inspection, highest and best use analysis, data collection only .1 point (2) Interior and exterior inspection, highest and best use analysis, data collection only .2 point (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report .75 point (b) One-unit dwelling, above-grade living area 4,000 square feet or more (1) Exterior inspection, highest and best use analysis, data collection only .15 point (2) Interior and exterior inspection, highest and best use analysis, data collection only .3 point (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 1 point (c) Two to four unit dwelling (1) Exterior inspection, highest and best use analysis, data collection only .3 point (2) Interior and exterior inspection, highest and best use analysis, data collection only .6 point (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 3 points (d) Commercial and industrial buildings, depending on complexity (1) Exterior inspection, highest and best use analysis, data collection only .2 to 1 point (2) Interior and exterior inspection, highest and best use analysis, data collection only .4 to 2 points (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 1.5 to 7.5 points (e) Agricultural and other improvements, depending on complexity (1) Exterior inspection, highest and best use analysis, data collection only .1 to .5 point (2) Interior and exterior inspection, highest and best use analysis, data collection only .2 to 1 point (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report .75 to 4 points (f) Vacant land, depending on complexity (1) Inspection, highest and best use analysis, data collection only .1 to .5 point (2) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report .5 to 5 points (3) Land segregation (division) analysis and processing, no field inspection .05 point (4)Land segregation (division) analysis and processing, field inspection .1 point (g) Data input and review for experience points claimed under Subsections R162-104-15.3(a) through (f) .01 point (h) Land valuation guideline (1) 25 or fewer parcels 2 points (2) 26 to 500 parcels 6 points (3) Over 500 parcels 5 additional points for each 500 parcels, up to a maximum of 25 points (i) Assessment/sales ratio study, data collection, verification, sample inspection, analysis, conclusion, and implementation (1) Base study of 100 reviewed sales 25 points (2) Additional increments of 100 sales Add 5 points for each 100 additional sales, up to a maximum of 75 points (j) Multiple Regression Model, Development and Implementation (1) Less than 5,000 parcels 20 points (2) Additional increments of 500 parcels Add 1 point for each additional 500 parcels, up to a maximum of 75 points (k) Depreciation study and analysis 20 points (l) Reviews of "Land Value in Use" in accordance with U.C.A. Section 59-2-505 (1)Office review only .05 point (2) Field review .1 point (m) Natural Resource Properties, depending on complexity (1) Sand and Gravel, per site 1.5 to 4 points (2) Mine 1.5 to 22 points (3) Oil and Gas, per site .33 to 10 points (n) Pipelines and gas distribution properties, depending on complexity 2 to 8 points (o) Telephone and electrics properties, depending on complexity 1 to 16 points (p) Airline and railroad properties, depending on complexity 2 to 16 points (q) Appraisal review/audit, depending on complexity .5 to 25 points (r) Capitalization rate study 16 points]
TABLE 3
(a) One-unit dwelling, above-grade living area less than 4,000 square feet (1) Exterior inspection, highest and best use analysis, data collection only .5 hours (2) Interior and exterior inspection, highest and best use analysis, data collection only 1 hour (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 3.75 hours (b) One-unit dwelling, above-grade living area 4,000 square feet or more (1) Exterior inspection, highest and best use analysis, data collection only .75 hours (2) Interior and exterior inspection, highest and best use analysis, data collection only 1.5 hours (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 5 hours (c) Two to four unit dwelling (1) Exterior inspection, highest and best use analysis, data collection only 1.5 hours (2) Interior and exterior inspection, highest and best use analysis, data collection only 3 hours (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 15 hours (d) Commercial and industrial buildings, depending on complexity (1) Exterior inspection, highest and best use analysis, data collection only 1 to 5 hours (2) Interior and exterior inspection, highest and best use analysis, data collection only 2 to 10 hours (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 3 to 37.5 hours (e) Agricultural and other improvements, depending on complexity (1) Exterior inspection, highest and best use analysis, data collection only .5 to 2.5 hours (2) Interior and exterior inspection, highest and best use analysis, data collection only 1 to 5 hours (3) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 3.75 to 20 hours (f) Vacant land, depending on complexity (1) Inspection, highest and best use analysis, data collection only .5 to 2.5 hours (2) Inspection, highest and best use analysis, data collection, valuation analysis, conclusion, report 2.5 to 25 hours (3) Land segregation (division) analysis and processing, no field inspection .25 hours (4)Land segregation (division) analysis and processing, field inspection .5 hours (g) Data input and review for experience hours claimed under Subsections R162-104-15.3(a) through (f) .25 hours (h) Land valuation guideline (1) 25 or fewer parcels 10 hours (2) 26 to 500 parcels 30 hours (3) Over 500 parcels 25 additional hours for each 500 parcels, up to a maximum of 125 hours (i) Assessment/sales ratio study, data collection, verification, sample inspection, analysis, conclusion, and implementation (1) Base study of 100 reviewed sales 125 hours (2) Additional increments of 100 sales Add 25 hours for each 100 additional sales, up to a maximum of 375 hours (j) Multiple Regression Model, Development and Implementation (1) Less than 5,000 parcels 100 hours (2) Additional increments of 500 parcels Add 5 hours for each additional 500 parcels, up to a maximum of 375 hours (k) Depreciation study and analysis 100 hours (l) Reviews of "Land Value in Use" in accordance with U.C.A. Section 59-2-505 (1)Office review only .25 hours (2) Field review .5 hours (m) Natural Resource Properties, depending on complexity (1) Sand and Gravel, per site 7.5 to 20 hours (2) Mine 7.5 to 110 hours (3) Oil and Gas, per site 1.65 to 50 hours (n) Pipelines and gas distribution properties, depending on complexity 10 to 40 hours (o) Telephone and electrics properties, depending on complexity 5 to 80 hours (p) Airline and railroad properties, depending on complexity 10 to 80 hours (q) Appraisal review/audit, depending on complexity 2.5 to 125 hours (r) Capitalization rate study 80 hours104.15.3.1 Single-property appraisals performed under USPAP Standards 1 and 2 by mass appraisers will receive the same number of [
points]hours shown in Tables 1 and 2.104.15.3.2 Review and supervision of appraisals by mass appraisers will receive [
points]hours in accordance with Subsection R162-104.7.104.15.3.3 Mass appraisers and mass appraisal trainees who perform 60% or more of the appraisal work will receive 100% of the [
points]hours shown on Table 3. Mass appraisers and mass appraisal trainees who perform between 25% and 59% of the appraisal work will receive 50% of the [points]hours shown on Table 3. Mass appraisers and mass appraisal trainees who perform less than 25% of the appraisal work will receive no credit for the appraisal assignment.104.15.3.4 Applicants for State-Licensed Appraiser whose experience was earned primarily through mass appraisal will be required to submit proof of having performed at least five appraisals conforming to USPAP Standards 1 and 2. Applicants for certification as a State-Certified Residential Appraiser whose experience was earned primarily through mass appraisal will be required to submit proof of having performed at least eight one-unit residential appraisals conforming to USPAP Standards 1 and 2. Applicants for certification as a State-Certified General Appraiser whose experience was earned primarily through mass appraisal will be required to submit proof of having performed at least eight Table 2 appraisals conforming to USPAP Standards 1 and 2.
104.15.3.5 No more than 60% of the total [
points]hours submitted for licensure or certification may have been earned from Subsections R162-104.15.3(a)(1) and (2), R162-104.15.3(b)(1) and (2), R162-104.15.3(c)(1) and (2), R162-104.15.3(d)(1) and (2), R162-104.15.3(e)(1) and (2), and R162-104.15.3(f)(1) combined.104.15.3.6 No more than 25% of the total [
points]hours submitted for licensure or certification may have been earned from Subsections R162-104.15.3(f)(3) and (4) combined.104.15.3.7 No more than 20% of the total [
points]hours submitted for licensure or certification may have been earned from Subsection R162-104.15.3(g).104.15.3.8 Mass appraisal of property with a personal property component of less than 50% of value will be allowed the full experience [
points]hours shown on Table 3 for the category of property appraised. Mass appraisal of property with a personal property component of 50% to 85% of value will be allowed 50% of the experience [points]hours shown on Table 3 for the category of property appraised. Mass appraisal of property with a personal property component greater than 85% will be awarded no experience [points]hours.KEY: real estate appraisals, experience
Date of Enactment or Last Substantive Amendment: [
September 27, 2007]2010Notice of Continuation: February 15, 2007
Authorizing, and Implemented or Interpreted Law: 61-2b-1 through 61-2b-40
Document Information
- Effective Date:
- 1/21/2010
- Publication Date:
- 12/15/2009
- Filed Date:
- 11/30/2009
- Agencies:
- Commerce,Real Estate
- Rulemaking Authority:
- Authorized By:
- Deanna Sabey, Director
- DAR File No.:
- 33224
- Related Chapter/Rule NO.: (1)
- R162-104. Experience Requirement.