49 Pa. Code § 36.13 - Experience options for preparation of appraisal reports; experience logs
(a) An applicant
for certification as a residential real estate appraiser or a general real
estate appraiser under §§
36.11 and
36.12 (relating to qualifications
for certification as residential real estate appraiser; and qualifications for
certification as general real estate appraiser) shall have acquired experience
in the preparation of appraisal reports in one or more of the following:
(1) Prior to September 3, 1998:
(i) As a licensed real estate broker under
the Real Estate Licensing and Registration Act (63 P. S. §§
455.101-455.902) and Chapter 35
(relating to State Real Estate Commission).
(ii) As an elected officer, director or
employee of a banking institution, savings institution, savings bank, credit
union or trust company operating under applicable Federal or State laws, when
acting on behalf of the institution in connection with a loan
transaction.
(iii) As a certified
broker/appraiser .
(iv) As an
assistant to a certified residential real estate appraiser or certified general
real estate appraiser , provided the assistant satisfies the requirements of
subsection (b).
(v) As a certified
residential real estate appraiser assisting a certified general real estate
appraiser in an appraisal of nonresidential property or an appraisal of
residential property of more than four dwelling units, provided the residential
appraiser satisfies the requirements of subsection (d).
(2) On or after September 3, 1998:
(i) As a certified
broker/appraiser .
(ii) As an
assistant to a certified residential real estate appraiser or certified general
real estate appraiser , provided the experience is acquired before October 1,
2010, and the assistant satisfies the requirements of subsection (b).
(iii) As a licensed appraiser trainee
assisting a certified residential real estate appraiser or certified general
real estate appraiser , provided the trainee satisfies the requirements of
subsection (c).
(iv) As a certified
residential real estate appraiser assisting a general real estate appraiser in
an appraisal of nonresidential property or an appraisal of residential property
of more than four dwelling units, provided the residential appraiser satisfies
the requirements of subsection (d).
(b) For experience acquired before October 1,
2010, an assistant to a certified general real estate appraiser or certified
residential real estate appraiser shall comply with all of the following
requirements when preparing an appraisal report:
(1) The assistant shall perform an inspection
of the interior and exterior of the property.
(2) The assistant may not arrive at an
independent determination of value.
(3) The assistant shall comply with
USPAP .
(4) The assistant shall
complete and co-sign a Board -approved appraisal assistant checklist that
relates to the assistant's work on the appraisal report.
(5) Unless the appraisal assistant checklist
is made part of the appraisal report, the assistant shall co-sign the appraisal
report as "assistant to the certified real estate appraiser " or be referenced
in the certification section of the appraisal report, or in an addendum to the
appraisal report, as having provided significant real property appraisal
assistance.
(c) A
licensed appraiser trainee shall comply with all of the following requirements
when preparing an appraisal report for a certified general real estate
appraiser or certified residential real estate appraiser :
(1) The trainee may not be supervised by more
than one residential or general appraiser on each appraisal
assignment.
(2) The trainee shall
perform an inspection of the interior and exterior of the property.
(3) The trainee may not arrive at an
independent determination of value.
(4) The trainee shall comply with
USPAP .
(5) The trainee shall
complete and co-sign a Board -approved appraiser trainee checklist that relates
to the trainee's work on the appraisal report and that is made part of the
appraisal report submitted to the client.
(d) A certified residential real estate
appraiser shall comply with all of the following requirements when preparing an
appraisal report for a certified general real estate appraiser :
(1) The residential appraiser shall perform
an inspection of the interior and exterior of the property.
(2) The residential appraiser may not arrive
at an independent determination of value.
(3) The residential appraiser shall comply
with USPAP .
(4) The residential
appraiser shall co-sign the appraisal report as set forth in §
36.52 (relating to use of
certificate number and title) and ensure that the nature of his significant
real property appraisal assistance is specified in the report.
(5) Jointly maintain an appraisal experience
log with the general real estate appraiser on forms provided by the
Board .
(e) The licensed
appraiser trainee shall jointly maintain an appraisal experience log with the
supervisory appraiser on forms provided by the Board . An appraisal experience
log must comply with the requirements in the AQB Qualification
Criteria.
Notes
The provisions of this § 36.13 issued under
sections 5(2), 6(h) and 10(b) of the Real Estate Appraisers Certification
This section cited in 49 Pa. Code § 36.11 (relating to qualifications for certification as residential real estate appraiser); 49 Pa. Code § 36.12 (relating to qualifications for certification as general real estate appraiser); and 49 Pa. Code § 43b.15 (relating to schedule of civil penalties-certified real estate appraisers-statement of policy).
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