Summary
In Section R162-2g-304a, for state-licensed appraiser, this amendment reduces appraiser experience hours from 2,000 to 1,000; reduces the minimum time for accrual of experience from 12 months to 6 months for experience from appendices 1 and 2 and from 24 months to 12 months for experience from appendix 3; and reduces the amount of college education required. In Section R162-2g-304b, state-certified residential appraiser, this amendment reduces appraiser experience hours from 2,500 to 1,500; for applicants submitting experience from appendices 1 and 2, reduces the minimum time for accrual of experience from 24 months to 6 months; for applicants submitting experience from appendix 3, reduces the minimum time for accrual of experience from 36 months to 12 months; and reduces the amount of college education required. In Section R162-2g-304c, state-certified general appraiser, this amendment reduces the minimum time for accrual of experience from 30 months to 12 months for experience from appendices 1 and 2 and from 42 months to 18 months for experience from appendix 3; requires 1,500 experience hours be derived from non-residential appraisal experience; reduces the application fee for a state-certified residential appraiser who submits an application for certified-general status within 6 months of renewing the certification. In Section R162-2g-304d, this amendment eliminates a restriction of experience hours for an appraisal where only an exterior inspection is performed; changes the restriction from 250 hours to 50% for experience hours for the appraisal of vacant land; and establishes minimum experience hours for mass appraisal experience. In Section R162-2g-311, this amendment corrects typographical errors. In Section R162-2g-502a, this amendment reduces the minimum number of residential inspections and corrects a reference error.