N.H. Admin. Code § Rab 305.03 - Real Estate Appraiser Apprentice Log for Traditional Model

(a) The apprentice and supervisory appraiser shall maintain the "Experience Log" jointly and ensure it is accurate, current, and complies with the requirements of the apprentice appraiser's credentialing requirements.

(b) The "Experience Log" shall include each appraisal assignment in which the apprentice participates and include at least the following:

(1) The date of the appraisal report was signed;

(2) File number, or other reference information used by the applicant to retrieve the appraisal;

(3) The type of appraisal report performed;

(4) The address of the appraised property;

(5) Name of the client;

(6) A description of work performed;

(7) The number of actual work hours by the apprentice on the assignment; and

(8) The signature and certification number of the supervisory appraiser. If applicable, separate appraisal logs shall be maintained for each supervising appraiser.

(c) The apprentice shall set forth within the "Experience Log", for each assignment, information indicating whether the apprentice was involved in obtaining, calculating, or preparing the following:

(1) Land or site inspections and descriptions;

(2) Building inspections and descriptions;

(3) Neighborhood descriptions and analysis;

(4) Highest and best use analysis;

(5) Research of comparable sales and analysis;

(6) Cost analysis;

(7) Income analysis for income properties;

(8) Meaningful sales analysis;

(9) Correlation of data into final value; and

(10) Any other components of the appraisal process.

Notes

N.H. Admin. Code § Rab 305.03

#6958, eff 3-23-99, EXPIRED: 3-23-07

New. #8854, INTERIM, eff 3-24-07, EXPIRED: 9-20-07

New. #9018, eff 11-1-07; ss by #10270, eff 2-2-13

Amended by Number 24, Filed June 13, 2024, Proposed by #13967, Effective 7/16/2024, Expires 7/16/2034 (see Revision Note at chapter heading for Rab 300).