Utah Admin. Code R162-2g-311 - Scope of Authority
(1)
(a) An individual who has properly qualified
as a trainee pursuant to Section
R162-2g-302 may perform
appraisal-related duties within the competence and scope of authority of the
state-certified supervisory appraiser as follows:
(i) participating in property
inspections;
(ii) measuring or
assisting in the measurement of properties;
(iii) performing appraisal-related
calculations;
(iv) participating in
the selection of comparable properties for an appraisal assignment;
(v) making adjustments to comparable
properties; and
(vi) drafting or
assisting in the drafting of an appraisal report.
(b) The trainee may have more than one
supervisory appraiser.
(c) The
supervising appraiser shall be responsible to determine the point at which a
trainee is competent to participate in each of the activities identified in
Subsection (1)(a), within the following limitations:
(i) As to a minimum of the trainee's first 35
inspections of residential properties:
(A) the
trainee shall be accompanied and supervised by a state-certified
appraiser;
(B) both the interior
and the exterior of the properties shall be inspected; and
(C) the appraisal report shall comply with
the requirements of Subsection
R162-2g-502a(1)(g).
(ii) After the trainee's first 35
inspections, the supervising appraiser shall determine whether the trainee has
demonstrated sufficient competency to continue making inspections of
residential properties without being accompanied by the supervising appraiser.
(iii) As to the trainee's first 20
inspections of non-residential properties:
(A)
the trainee shall be accompanied and supervised by a state-certified general
appraiser;
(B) both the interior
and the exterior of the properties shall be inspected; and
(C) the appraisal report shall comply with
the requirements of Subsection
R162-2g-502a(1)(g).
(d) A trainee may not:
(i) solicit or accept an assignment on behalf
of anyone other than:
(A) the trainee's
supervisor; or
(B) the supervisor's
appraisal firm; or
(ii)
discuss an appraisal assignment with anyone other than:
(A) the supervisory appraiser responsible for
the assignment;
(B) state
enforcement agencies;
(C) third
parties as may be authorized by due process of law; and
(D) an authorized professional peer review
committee.
(e) The following persons are not subject to
the scope of authority limitations of this subsection:
(i) full-time elected county assessors;
and
(ii) any person performing an
appraisal to establish the fair market value of real estate for the assessment
roll.
(2) In
a federally-related transaction, state-licensed appraisers may appraise:
(a) non-complex one- to four-residential
units having a transaction value of less than $1,000,000;
(b) complex one- to four- residential units
having a transaction value of less than $400,000; and
(c) vacant or unimproved land that is
utilized for one- to four-family purposes, or for which the highest and best
use is one- to four-family purposes, so long as net income capitalization
analysis is not required by the terms of the assignment.
(3) State-licensed appraisers and
state-certified residential appraisers may not perform appraisals of the
following:
(a) subdivisions for which:
(i) a development analysis is necessary;
or
(ii) a discounted cash flow
analysis is required by the terms of the assignment;
(b) vacant land, if the highest and best use
of the land is for five or more one- to four-family units;
(c) commercial real property; or
(d) vacant land if the highest and best use
of the vacant land is commercial use.
Notes
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