N.H. Code Admin. R. Rab 302.04 - Experience Hour Standards

(a) The number of hours of experience that a licensed or certifiedresidential real estate appraiser applicant can claim shall be the actual number of hours required to complete each assignment, up to the maximum number of hours as indicated in Table 3.2.1 "Appraisal Type and Maximum Experience Hours For Licensed Or Certified Residential Real Estate Appraiser" below for each appraisal type:

Table 3.2.1 Appraisal Type and Maximum Experience Hours

For Licensed Or Certified Residential Real Estate Appraiser Applicants

Appraisal Type Maximum Hours
Residential report, single family 8 hours
Residential report, 2 to 4 family 12 hours
Residential report, building lot 6 hours
Any written narrative appraisal report of a residential property 20 Hours
(b) Reports prepared pursuant to (a) above shall, unless they are narratives, be on forms such as those developed by Fannie Mae, provided that all reports are made to comply with USPAP.
(c) The number of hours of experience that a certified general real estate appraiser applicant can claim shall be the actual number of hours required to complete each assignment, up to the maximum number of hours as indicated in Table 3.2.2 "Appraisal Type and Credit Hours For Certified General Real Estate Appraiser Applicants" below for each appraisal regardless of value:

Table 3.2.2 Appraisal Type and Maximum Credit Hours

For Certified General Real Estate Appraiser Applicants

Appraisal Type Maximum Hours
Undeveloped land 24 hours
Single occupant Commercial / industrial property 32 hours
Multi occupant Commercial / industrial property 40 hours
Add for absorption analysis +10 hours
Add for performing both "as is" and "value upon completion" +10 hours
(d) For any appraisal that requires valuation "before-and-after" such as in condemnation work or in the valuation of easements, 150% of the hours cited in 302.04(a) - (c) may be claimed.
(e) Applicants shall be awarded credit for the actual hours, up to a maximum of 40, spent in the preparation of feasibility studies, market analysis, cash flow analysis, investment analysis and other appraisal consulting assignments provided the reports conform to USPAP Standards 4 and 5, if applicable, and if such work demonstrates proficiency in appraisal principles, techniques, or skills used by appraisers practicing under USPAP Standard 1.
(f) It shall not be necessary that there be a client for an appraisal to qualify for experience, but experience gained for work without a client shall not exceed 50% of the total experience requirement.

Notes

N.H. Code Admin. R. Rab 302.04

(See Revision Note at chapter heading for Rab 100) #5435, eff 7-15-92; ss by #6787, INTERIM, eff 7-15-98, EXPIRED: 11-12-98

New. #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 (from Rab 302.03 )

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