R162-2g-601. Appendices

  Appendix 1. Residential Experience Hours Schedule. The hours shown in the following schedule shall be awarded to form appraisals. Fifteen hours may be added to the hours shown if the appraisal is a narrative appraisal instead of a form appraisal.

TABLE

Property Type Hours that may be

                                               earned

(a) one-unit dwelling, above-grade:

  (i) living area less than 4,000 square

feet, including a site Up to 10 hours

                                               (Expected avg hrs

                                               7.5)

Part 1

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.5

Interior Inspection 0.5

Market Conditions 0.75

Land Value Estimate 0.5

Improvement Cost Estimate 0.5

Income Value Estimate 2.5

Sales Comparison Value Estimate 2.5

Final Reconciliation 0.25

Appraisal Report Preparation 1.75

Restricted Appraisal Report Preparation 0.5

  (ii) living area 4,000 square

feet or more, including a site Up to 10 hours

Part 2

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.75

Interior Inspection 0.75

Market Conditions 0.75

Land Value Estimate 0.75

Improvement Cost Estimate 0.75

Income Value Estimate 3.0

Sales Comparison Value Estimate 3.0

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(b) multiple one-unit dwellings in

the same subdivision or condominium

project, which dwellings are substantially

similar:

  (i) 1-25 dwellings 7 hours per

                                               dwelling, up

                                               to a maximum of 42

                                               hours

  (ii) over 25 dwellings 70 hours maximum

(c) two to four-unit dwelling

Part 3

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.5

Interior Inspection 0.5

Market Conditions 0.75

Land Value Estimate 0.5

Improvement Cost Estimate 0.5

Income Value Estimate 3.0

Sales Comparison Value Estimate 3.0

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(d) employee relocation counsel reports

completed on currently accepted Employee

Relocation Counsel form Up to 10 hours

(e) residential lot, 1-4 unit Up to 7 hours

Part 4

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Site Inspection 0.25

Market Conditions 0.75

Sales Comparison Value Estimate 1-3

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(f) multiple lots in the same subdivision,

which lots are substantially similar

  (i) 1-25 lots 5 hours per lot,

                                               up to a maximum of

                                               30 hours

  (ii) Over 25 lots 50 hours maximum

(g) small parcel of less than 20 acres up to 6.5 hours

Part 5

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Site Inspection 0.25

Market Conditions 0.75

Sales Comparison Value Estimate 1-3

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(h) vacant land, 20-640 acres 20-40 hours, per

                                               board decision

(i) recreational, farm, or timber acreage

suitable for a house site:

  (i) up to 10 acres 10 hours

  (ii) 10 acres or more 15 hours

(j) all other unusual structures or 5-35 hours, per

acreage which are much larger or more board decision

complex than typical properties

(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 hours

  Appendix 2. General Experience Hours Schedule. All appraisal reports claimed for property types identified in sections (a) through (k) of the following schedule shall be narrative appraisal reports. Experience hours listed in this schedule may be increased by 50% for unique and complex properties if the applicant notes the number of extra hours claimed on the appraiser experience log submitted by the applicant, and if the applicant maintains in the workfile for the appraisal an explanation as to why the extra hours are claimed.

TABLE

Property Type Hours that

                                               may be earned

(a) Apartment buildings:

  (i) 5-100 units 40 hours

  (ii) over 100 units 50 hours

(b) hotel or motels:

  (i) 50 units or fewer 30 hours

  (ii) 51-150 units 40 hours

  (iii) over 150 units 50 hours

(c) nursing home, rest home, care facilities:

  (i) fewer than 80 beds 40 hours

  (ii) 80 beds or more 50 hours

(d) industrial or warehouse building:

  (i) smaller than 20,000 square feet 30 hours

  (ii) 20,000 square feet or more, single

  tenant 40 hours

  (iii) 20,000 square feet or more, multiple

  tenants 50 hours

(e) office buildings:

  (i) smaller than 10,000 square feet 30 hours

  (ii) 10,000 square feet or more, single

  tenant 40 hours

  (iii) 10,000 square feet or more, multiple

  tenants 50 hours

(f) entire condominium projects, using income

approach to value:

  (i) 5- to 30-unit project 30 hours

  (ii) 31- or more-unit project 50 hours

(g) retail buildings:

  (i) smaller than 10,000 square feet 30 hours

  (ii) 10,000 square feet or more, single

  tenant 40 hours

  (iii) 10,000 square feet or more, multiple

  tenants 50 hours

(h) commercial, multi-unit, industrial,

or other nonresidential use acreage:

  (i) 1 to less than 100 acres 20-40 hours

  (ii) 100 acres or more, income approach

  to value 50-60 hours

(i) all other unusual structures or assignments

  that are much larger or more complex than 5 to 100 hours per

  the properties described in (a) to (h) board decision

  herein.

(j) entire subdivisions or planned unit

developments (PUDs):

  (i) 1- to 25-unit subdivision or PUD 30 hours

  (ii) over 25-unit subdivision or PUD 50 hours

(k) feasibility or market analysis 5 to 100 hours,

                                               each per board

                                               decision, up to a

                                               maximum of 500

                                               hours

(l) farm and ranch appraisals: Form Narrative

  (i) irrigated cropland, pasture

  other than rangeland:

    (A) 1 to less than 11 acres 10 hrs 15 hrs

    (B)11-less than 40 acres 12.5 hrs 20 hrs

    (C)40-less than 160 acres 15 hrs 25 hrs

    (D)160-less than 1280 acres 25 hrs 40 hrs

    (E) 1280 acres or more 40 hrs 50 hrs

  (ii) dry farm:

    (A) 1 to less than 1280 acres 15 hrs 25 hrs

    (B) 1280 acres or more 20 hrs 40 hrs

(m) Improvements on properties other than

a rural residence, maximum 10 hours:

  (i) dwelling 5 hrs 5 hrs

  (ii) shed 2.5 hrs 2.5 hrs

(n) cattle ranches

  (i) 0-200 head 15 hrs 20 hrs

  (ii) 201-500 head 25 hrs 30 hrs

  (iii) 501-1000 head 30 hrs 40 hrs

  (iv) more than 1000 head 40 hrs 50 hrs

(o) sheep ranches

  (i) 0-2000 head 25 hrs 30 hrs

  (ii) more than 2000 head 35 hrs 45 hrs

(p) dairy, including all improvements

except a dwelling

  (i) 0-100 head 20 hrs 25 hrs

  (ii) 101-300 head 25 hrs 30 hrs

  (iii) more than 300 head 30 hrs 35 hrs

(q) orchards

  (i) up to 50 acres 30 hrs 40 hrs

  (ii) more than 50 acres 40 hrs 50 hrs

(r) rangeland/timber

  (i) 0-640 acres 20 hrs 25 hrs

  (ii) more than 640 acres 30 hrs 35 hrs

(s) poultry

  (i) 0-100,000 birds 30 hrs 40 hrs

  (ii) more than 100,000 birds 40 hrs 50 hrs

(t) mink

  (i) 0-5000 cages 30 hrs 35 hrs

  (ii) more than 5000 cages 40 hrs 50 hrs

(u) fish farm 40 hrs 50 hrs

(v) hog farm 40 hrs 50 hrs

(w) review of appendix 2 appraisals with

  no opinion of value developed as part

  of the review, performed in conjunction

  with investigations by government agencies 20-100 hours

  Appendix 3. Mass Appraisal Experience Hours Schedule.

TABLE

Property Type Hours that

                                               may be earned

(a) one-unit dwelling, above-grade living

  area less than 4,000 square feet:

Part 1

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.5

Interior Inspection 0.5

CAMA Data Input and Review 0.5

Market Conditions 0.75

Land Value Estimate 0.5

Improvement Cost Estimate 0.5

Income Value Estimate 2.5

Sales Comparison Value Estimate 2.5

Final Reconciliation 0.25

Appraisal Report Preparation 1.75

Restricted Appraisal Report Preparation 0.5

(b) one-unit dwelling, above-grade living area

  area 4,000 square feet or more:

Part 2

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.75

Interior Inspection 0.75

CAMA Data Input and Review 0.5

Market Conditions 0.75

Land Value Estimate 0.75

Improvement Cost Estimate 0.75

Income Value Estimate 3.0

Sales Comparison Value Estimate 3.0

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(c) two to four unit dwelling:

Part 3

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.5

Interior Inspection 0.5

CAMA Data Input and Review 0.5

Market Conditions 0.75

Land Value Estimate 0.5

Improvement Cost Estimate 0.5

Income Value Estimate 3.0

Sales Comparison Value Estimate 3.0

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(d) commercial and industrial buildings,

  depending on complexity:

Part 4

Task Hours

Highest and Best Use Analysis 0.25

Neighborhood Description 0.5

Exterior Inspection 0.5-4.5

Interior Inspection 0.5-9.5

CAMA Data Input and Review 0.5

Market Conditions 1.5

Land Value Estimate 2.0

Improvement Cost Estimate 2.0

Income Value Estimate 2-15

Sales Comparison Value Estimate 2-15

Final Reconciliation 0.5

Appraisal Report Preparation 1-10

Restricted Appraisal Report Preparation 0.5

(e) agricultural and other improvements,

  depending on complexity:

Part 5

Task Hours

Highest and Best Use Analysis 0.25-0.5

Neighborhood Description 0.5

Exterior Inspection 0.25-0.5

Interior Inspection 0.5-1

CAMA Data Input and Review 0.5

Market Conditions 0.75

Land Value Estimate 0.5-1

Improvement Cost Estimate 0.5-1

Income Value Estimate 1-3

Sales Comparison Value Estimate 1-3

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(f) vacant land, depending on complexity:

Part 6

Task Hours

Highest and Best Use Analysis 0.25-0.5

Neighborhood Description 0.5

Site Inspection 0.25

Land Segregation 0.25

CAMA Data Input and Review 0.5

Inspection 0.25-2.25

Market Conditions 0.75

Income Value Estimate 1-3

Sales Comparison Value Estimate 1-3

Final Reconciliation 0.25

Appraisal Report Preparation 2.0

Restricted Appraisal Report Preparation 0.5

(g) land valuation guideline (development):

  (i) 25 or fewer parcels 10 hours

  (ii) 26 to 500 parcels 30 hours

  (iii) over 500 parcels 25 additional

                                               hours for each 500

                                               parcels, up to a

                                               maximum of 125

                                               hours for each

                                               guideline

(h)land valuation guideline (update):

(i) 25 or fewer parcels 1 hour

(ii) 26 to 500 parcels 3 hours

(iii) over 500 parcels 2.5 additional

                                               hours for each 500

                                               parcels, up to a

                                               maximum of 12.5

                                               hours for each

                                               guideline

(i) assessment/sales ratio study, data

  collection, verification, sample inspection,

  analysis, conclusion, and implementation:

  (i) base study of 100 reviewed sales 125 hours

  (ii) additional increments of 100 sales 25 additional

                                               hours for each 100

                                               additional sales,

                                               up to a maximum

                                               of 375 hours for

                                               each study

(j) multiple regression model,

  development and implementation:

  (i) fewer than 5,000 parcels 100 hours

  (ii) additional increments of 500 parcels 5 additional hours

                                               for each

                                               additional 500

                                               parcels, up to a

                                               maximum of 375

                                               hours for each

                                               regression model

(k) industry depreciation study and analysis 5 to 40 hours

(l) reviews of "land value in use" in

  accordance with U.C.A. Section 59-2-505:

  (i)office review only 0.25 hours

  (ii) field review 0.5 hours

(m) natural resource properties,

  depending on complexity:

  (i) sand and gravel 1-20 hours per

                                               site

  (ii) mine 1-110 hours

  (iii) oil and gas 1-50 hours per

                                               site

(n) pipelines and gas distribution

  properties, depending on complexity 10-40 hours

(o) telephone and electrics properties,

  depending on complexity 5-80 hours

(p) airline and railroad properties,

  depending on complexity 10-80 hours

(q) appraisal review/audit, depending

  on complexity 2.5-125 hours

(r) capitalization rate study 10 to 100 hours

(s) mineral pricing study 10 to 100 hours

(t) effective tax rate study 10 to 100 hours

(u) Ad valorem centrally assessed

property tax appeal preparation 5 to 125 hours

  Appendix 4. Appraiser Education.

TABLE 1

Required Core Curriculum

Trainee Appraiser

Basic Appraisal Principles 30 Hours

Basic Appraisal Procedures 30 Hours

15-Hour national USPAP Course or its

   Equivalent 15 Hours

Trainee Appraiser Education Requirements 75 Total Hours

Licensed Appraiser

Basic Appraisal Principles 30 Hours

Basic Appraisal Procedures 30 Hours

15-Hour national USPAP Course or its

   Equivalent 15 Hours

Residential Market Analysis and Highest and

   Best Use 15 Hours

Residential Appraiser Site Valuation and

   Cost Approach 15 Hours

Residential Sales Comparison and Income

   Approaches 30 Hours

Residential Report Writing and Case Studies 15 Hours

Licensed Residential Education Requirements 150 Total

                                               Hours

Certified Residential

Basic Appraisal Principles 30 Hours

Basic Appraisal Procedures 30 Hours

15-Hour national USPAP Course or its

   Equivalent 15 Hours

Residential Market Analysis and Highest and

   Best Use 15 Hours

Residential Appraiser Site Valuation and Cost

   Approach 15 Hours

Residential Sales Comparison and Income

   Approaches 30 Hours

Residential Report Writing and Case Studies 15 Hours

Statistics, Modeling and Finance 15 Hours

Advanced Residential Applications and Case

   Studies 15 Hours

Appraisal Subject Matter Electives 20 Hours

(May include hours over minimum shown above

   in other modules)

Certified Residential Education Requirements 200 Total

                                               Hours

Certified General*

Basic Appraisal Principles 30 Hours

Basic Appraisal Procedures 30 Hours

15-Hour national USPAP Course or its

   Equivalent 15 Hours

*General Appraiser Market Analysis and

   Highest and Best Use 30 Hours

Statistics, Modeling and Finance 15 Hours

*General Sales Comparison and Income

   Approaches 30 Hours

*General Appraiser Site Valuation and Cost

   Approach 30 Hours

General Appraiser Income Approach 60 Hours

*General Appraiser Report Writing and Case

   Studies 30 Hours

Appraisal Subject Matter Electives 30 Hours

(May include hours over minimum shown above

   in other modules)

Certified General Education Requirements 300 Total

                                               Hours

*The four Certified General courses identified with an

asterisk * may substitute for the equivalent four Licensed

Appraiser or Certified Residential courses when a candidate

provides proof of completion of these courses when applying

for a Licensed or Certified Residential appraisal credential.

TABLE 2

Continuing Education Topics (Division Certification Required)

(1) Ad valorem taxation

(2) Arbitration, dispute resolution

(3) Courses related to the practice of real estate appraisal or

    consulting

(4) Development cost estimating

(5) Ethics and standards of professional practice, USPAP

(6) Land use planning, zoning

(7) Management, leasing, timesharing

(8) Property development, partial interests

(9) Real estate law, easements, and legal interests

(10) Real estate litigation, damages, condemnation

(11) Real estate financing and investment

(12) Real estate appraisal related computer applications

(13) Real estate securities and syndication

(14) Developing opinions of real property value in appraisals

     that also include personal property and/or business value

(15) Seller concessions and impact on value

(16) Energy efficient items and "green building" appraisals