| (a) Before applying for a license, an appraiser trainee
may request the Board to review the appraiser trainee's work product.
(b) An appraiser trainee may submit an application
to the Board for review of the appraiser trainee's work product after:
(1) accumulating 500 hours of appraisal experience;
(2) accumulating 1,000 hours of appraisal experience;
or
(3) both.
(c) Work product submitted for review must fall within
one of the approved categories of experience credit described in §153.15(e)
and meet the definition of real estate appraisal experience in §153.1.
(d) To begin the review process, an appraiser trainee
must submit:
(1) a completed, Board-approved application requesting
the Board to review the appraiser trainee's work product;
(2) payment of the $75 fee; and
(3) a completed appraisal report and corresponding
work file from a time period during which the appraiser trainee had
legal authority to perform the work.
(e) The application for review of an appraiser trainee's
work product is not complete until the appraiser trainee submits all
required documentation and pays the applicable fee.
(f) If an appraiser trainee provides inadequate documentation,
the Board will contact the appraiser trainee in writing, identify
any deficiencies and provide the appraiser trainee twenty days to
cure the noted deficiencies. If the appraiser trainee fails to cure
the deficiencies timely, the Board will terminate the appraiser trainee's
application for work product review.
(g) The Board will provide the appraiser trainee with
a written report identifying deficiencies in the appraiser trainee's
work product after the application for review is complete.
(h) A review conducted under this provision:
(1) is for educational purposes only;
(2) does not constitute Board approval of the appraiser
trainee's experience;
(3) does not preclude the Board from denying a license
application submitted by the appraiser trainee in the future; and
(4) will not result in a complaint against the appraiser
trainee unless review of the appraiser trainee's work product reveals:
(A) knowing or intentional misrepresentation, fraud
or criminal conduct; or
(B) serious deficiencies that constitute grossly negligent
acts or omissions.
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