1301:11-3-04 Experience requirement.

 

 

 

1301:11-3-04               Experience requirement.

 

 

 

(A)  Applicants seeking a state-licensed residential real estate appraiser license shall:

 

(1)   Certify under oath that he or she has acquired two thousand hours of experience in real estate appraisal, and

 

(2)   Furnish, under oath, a detailed listing of the appraisal reports or file memoranda for each year for which experience is claimed and, upon request of the superintendent or the board, make available samples of the appraisal reports prepared by the applicant in the course of the applicant's practice.

 

(3)   The two thousand hours of experience required in paragraph (A)(1) of this rule must be achieved over a period of not less than twenty-four months immediately preceding the initial filing of the application.

 

(4)   The two thousand hours of experience required in paragraph (A)(1) of this rule must be achieved either while registered as a state registered real estate appraiser assistant in Ohio or as a registered appraiser assistant in another state so long as that state's requirements to be a registered appraiser assistant meet or exceed the requirements to be a state registered real estate appraiser assistant in Ohio.

 

(5)    Except as provided in paragraph (G) of this rule, the two thousand hours of experience required in paragraph (A)(1) of this rule must be achieved either under the supervision of a anstate Ohio licensed or certified appraiser or any state licensed or certified appraiser so long as that state's requirements to be a state licensed or certified appraiser meet or exceed the requirements to be an Ohio licensed or certified appraiser. At all times during the supervisory period and for a period of two years prior to commencement of the supervisory period, the supervising appraiser must be in good standing with the board or the state regulatory agency with which the supervising appraiser is licensed or certified. The supervising appraiser must be in good standing with the board at all times during the supervisory period and for a period of two years prior to the commencement of the supervisory period.

 

(6)   A state registered real estate appraiser assistant may have more than one but not more than three supervising appraisers at any one time.

 

(7)     A licensed or certified appraiser may supervise not more than three state registered real estate appraiser assistants at any one time.

 

(8)   An appraisal log shall be maintained by the state registered appraiser assistant

 

 

 

and each supervising appraiser jointly. At a minimum the appraisal log must include the following information for each appraisal:

(a)   Date of report;

(b)   Type of assignment;

(c)   Address of subject property;

(d)  Property type, residential or general;

(e)   Capacity, field or review;

(f)   Number of actual work hours by the state registered appraiser assistant on the assignment; and

(g)   The signature and state license or certification number of the supervising appraiser. Separate appraisal logs shall be maintained for each supervising appraiser if applicable; and

(h) Description of work performed by the state registered appraiser assistant and scope of the review and supervision of the supervising appraiser.

(9)    The requirements of paragraphs (A)(4) and (A)(5) of this rule do not apply to experience hours achieved prior to March 1, 2005.

(10)     The board may, upon a finding that an applicant has achieved equivalent experience acceptable to the board, waive the requirements of paragraph (A)(4) or (A)(5) of this rule.

(B)  An applicant seeking a state-certified residential real estate appraiser certificate shall:

(1)    Certify under oath that the applicant has acquired two thousand five hundred hours of experience in real estate appraisal, and

(2)   Furnish, under oath, a detailed listing of the appraisal reports or file memoranda for each year for which experience is claimed and, upon request of the superintendent or the board, make available samples of the appraisal reports prepared by the applicant in the course of the applicant's practice.

(3)     The two thousand five hundred hours of experience required in paragraph

(B)(1) of this rule must be achieved over a period of not less than twenty-four months immediately preceding the initial filing of the application.

(4)     The two-thousand five hundred hours of experience required by paragraph (B)(1) of this rule must be achieved while registered as a state registered real estate appraiser assistant or as a licensed appraiser in Ohio or while registered as an appraiser assistant or a licensed appraiser in another state so long as that state's requirements to be a registered appraiser assistant or licensed appraiser meet or exceed the requirements to be a state registered real estate appraiser assistant or a licensed appraiser in Ohio.

(5) Except as provided in paragraph (G) of this rule, the two thousand five hundred hours of experience required in paragraph (B)(1) of this rule achieved by any state registered real estate appraiser assistant must be under the supervision of an Ohio certified appraiser or any state certified appraiser so long as that state's requirements to be a state certified appraiser meet or exceed the requirements to be an Ohio certified appraiser. At all times during the supervisory period and for a period of two years prior to commencement of the supervisory period, the supervising appraiser must be in good standing with the board or the state regulatory agency with which the supervising appraiser is licensed or certified.

(5)(6) Experience obtained while a state registered real estate appraiser assistant must comply with paragraphs (A)(6), (A)(7) and (A)(8) of this rule.

(7) Experience obtained while an Ohio licensed appraiser or as a licensed appraiser in another state shall be maintained in an appraisal log. At a minimum the appraisal log must include the following information for each appraisal:

(a) Date of report;

(b) Type of assignment;

(c) Address of subject property;

(d)Property type, residential or general;

(e) Capacity, field or review;

(f)Number  of  actual  work  hours  by  the  state  licensed  appraiser  on  the assignment;

(g) If the experience is outside the scope of the applicant's license, the log shall include the signature and state certification number of the supervising appraiser with whom the applicant jointly obtained such

experience.  Separate  appraisal  logs  shall  be  maintained  for  each supervising appraiser if applicable; and

(h) Description of work performed by the state licensed appraiser and scope of the review and supervision of the supervising appraiser.

(6)(8) The requirements of paragraphs (B)(4) and (B)(5) of this rule to not apply to experience obtained prior to March 1, 2005.

(7)(9) The board may, upon a finding that an applicant has obtained equivalent experience may waive the requirements of paragraph (B)(4) or (B)(5) of this rule.

(C)  An applicant seeking a state-certified general real estate appraiser certificate shall:

(1)     Certify under oath that the applicant has acquired three thousand hours of experience in real estate appraisal, of which at least fifty per cent (one thousand five hundred hours) must have been acquired in connection with the appraisal of real estate other than the appraisal of residential real estate consisting of one to four units, and

(2)   Furnish, under oath, a detailed listing of the appraisal reports or file memoranda for each year for which experience is claimed and, upon request of the superintendent or the board, make available a sample of the appraisal reports prepared by the applicant in the course of the applicant's practice.

(3)   The three thousand hours of experience required in paragraph (C)(1) of this rule must be achieved over a period of not less than thirty months immediately preceding the initial filing of the application.

(4)   The three-thousand hours of experience required in paragraph (C)(1) of this rule must be achieved either while registered in Ohio as a state registered real estate appraiser assistant, a state licensed appraiser or state certified appraiser or while registered as an appraiser assistant, licensed appraiser or certified residential appraiser in another state so long as that state's requirements to be a registered appraiser assistant, licensed appraiser or certified residential appraiser meet or exceed the requirements to be a state registered real estate appraiser assistant, licensed appraiser or a certified residential appraiser in Ohio.

(5) Except as provided in paragraph (G) of this rule, the three thousand hours of experience required in paragraph (C)(1) of this rule achieved by any state registered real estate appraiser assistant must be under the supervision of an

Ohio certified appraiser or any state certified appraiser so long as that state's requirements to be a state certified appraiser meet or exceed the requirements to be an Ohio certified appraiser. At all times during the supervisory period and for a period of two years prior to the commencement of the supervisory period, the supervising appraiser must be in good standing with the board or the state regulatory agency with which the supervising appraiser is licensed or certified.

(5)(6) Experience obtained while a state registered real estate appraiser assistant must comply with paragraphs (A)(6), (A)(7) and (A)(8) of this rule.

(7) Experience obtained while registered in Ohio as a state licensed appraiser or state certified residential appraiser or while as a licensed appraiser or certified residential appraiser in another state shall be maintained in an appraisal log. At a minimum the appraisal log must include the following information for each appraisal:

(a) Date of report;

(b) Type of assignment;

(c) Address of subject property;

(d)Property type, residential or general;

(e) Capacity, field or review;

(f)Number of actual work hours by the state licensed or certified appraiser on the assignment; and

(g) If the experience is outside the scope of the applicant's license or certificate, the log shall include the signature and state certification number of the supervising appraiser with whom the applicant jointly obtained such experience. Separate appraisal logs shall be maintained for each supervising appraiser if applicable; and

(h) Description of work performed by the state licensed or certified appraiser and scope of the review and supervision of the supervising appraiser.

(6)(8) The requirements of paragraphs (C)(4) and (C)(5) of this rule do not apply to experience obtained prior to March 1, 2005.

(7)(9) The board may, upon a finding that an applicant has obtained equivalent experience, waive the requirements of paragraph (C)(4) or (C)(5) of this rule.

(D)   For purposes of paragraphs (A) and (B) of this rule, acceptable appraisal experience shall include, but is not limited to, the following:

(1)   Fee and staff appraisal,

(2)   Ad valorem tax appraisal,

(3)   Review appraisal,

(4)   Appraisal analysis,

(5)   Real estate value counseling when done in conjunction with written appraisal,

(6)   Highest and best use analysis, and

(7)   Feasibility analysis/study;

(E)   For purposes of paragraphs (A)(2) and (B)(2) of this rule, listed appraisal reports and file memoranda must contain the following, where applicable:

(1)   An adequate description of the property,

(2)   Highest and best use,

(3)   Physical, functional and economic factors affecting the value conclusion,

(4)   Purpose, function, date of value, date of report,

(5)   Definition of value,

(6)   Direct sales comparison approach or market approach (must be addressed even if not used),

(7)   Income approach (must be addressed even if not used),

(8)    Cost approach or cost depreciation approach (must be addressed even if not used),

(9)   Estimated land value,

(10)   Final reconciliation,

(11)   Special and limiting conditions, and

(12)   Certification.

(F)   All appraisal reports submitted relating to appraisals performed after January 1, 1993, All experience must be obtained after January 30, 1989 and must have been completed in compliance with the uniform standards of professional appraisal practice, as adopted by the appraisal standards board of the appraisal foundation to be considered as acceptable appraisal experience.

(G)   Up to twenty-five per cent of the experience hours required pursuant to this rule may be obtained for the actual number of hours worked on non-client appraisals, provided:

(1)   The experience is obtained as part of a case study or practicum course that has been approved through the appraisal qualifications board course approval program and the course provider certifies the actual number of hours worked on appraisal development and reporting for actual subject properties, or

(2)     The experience is obtained as part of a mentorship program that has been approved by the board and the mentor certifies the actual number of hours worked on appraisal development and reporting for actual subject properties.

(H)       Upon request of the superintendent or board, all applicants must provide documentation in the form of reports, certifications, work files or other evidence to support experience claimed.

(I) An applicant must meet the experience requirement set forth in this rule prior to being seated for the examination.

Effective:   R.C. 119.032 review dates:	01/01/2009   08/22/2008 and 06/30/2011
CERTIFIED ELECTRONICALLY
Certification
11/10/2008
Date
Promulgated Under:	119.03
Statutory Authority:	4763.03
Rule Amplifies:	4763.05
Prior Effective Dates:	12/1/1990, 5/7/1993, 9/10/1996, 3/20/1999, 3/1/2005