| (a) An applicant for a certified general real estate
appraiser license must provide evidence satisfactory to the Board
that the applicant possesses the equivalent of 3,000 hours of real
estate appraisal experience over a minimum of 30 months. At least
1,500 hours of experience must be in non-residential real estate appraisal
work.
(b) An applicant for a certified residential real estate
appraiser license must provide evidence satisfactory to the Board
that the applicant possesses the equivalent of 2,500 hours of real
estate appraisal experience over a minimum of 24 months.
(c) An applicant for a state real estate appraiser
license must provide evidence satisfactory to the Board that the applicant
possesses at least 2,000 hours of real estate appraisal experience
over a minimum of twelve months.
(d) Experience by endorsement: An applicant who is
currently licensed and in good standing in a state that has not been
disapproved by the ASC is deemed to satisfy the experience requirements
for the same level of license in Texas. The applicant must provide
appropriate documentation as required by the Board.
(e) The Board awards experience credit in accordance
with current criteria established by the AQB and in accordance with
the provisions of the Act specifically relating to experience requirements.
An hour of experience means 60 minutes expended in one or more of
the acceptable appraisal experience areas. Calculation of the hours
of experience is based solely on actual hours of experience. Hours
may be treated as cumulative in order to achieve the necessary hours
of appraisal experience. Any one or any combination of the following
categories may be acceptable for satisfying the applicable experience
requirement. Experience credit may be awarded for:
(1) An appraisal or appraisal analysis when performed
in accordance with Standards 1 and 2 and other provisions of the USPAP
edition in effect at the time of the appraisal or appraisal analysis.
(2) Mass appraisal, including ad valorem tax appraisal
that:
(A) conforms to USPAP Standard 6; and
(B) demonstrates proficiency in appraisal principles,
techniques, or skills used by appraisers practicing under USPAP Standard
1.
(3) Appraisal review that:
(A) conforms to USPAP Standard 3; and
(B) demonstrates proficiency in appraisal principles,
techniques, or skills used by appraisers practicing under USPAP Standard
1.
(4) Appraisal consulting services, including market
analysis, cash flow and/or investment analysis, highest and best use
analysis, and feasibility analysis when it demonstrates proficiency
in appraisal principles, techniques, or skills used by appraisers
practicing under USPAP Standard 1 and performed in accordance with
USPAP Standards 4 and 5.
(f) Experience credit may not be awarded for teaching
appraisal courses.
(g) Recency of Experience.
(1) The Appraisal Experience Log submitted by an applicant
must include a minimum of 10 appraisal reports representing at least
10 percent of the hours and property type of experience required for
each license category and for which an applicant seeks experience
credit that have been performed within 5 years before the date an
application is accepted for filing by the Board.
(2) This requirement does not eliminate an applicant's
responsibility to comply with the 5-year records retention requirement
in USPAP.
(h) Experience credit for first-time applicants. Each
applicant must submit a Board-approved Appraisal Experience Log and
Appraisal Experience Affidavit listing each appraisal assignment or
other work for which the applicant is seeking experience credit. The
Board may grant experience credit for work listed on an applicant's
Appraisal Experience Log that:
(1) complies with the USPAP edition in effect at the
time of the appraisal;
(2) is verifiable and supported by:
(A) work files in which the applicant is identified
as participating in the appraisal process; or
(B) appraisal reports that:
(i) name the applicant in the certification as providing
significant real property appraisal assistance; or
(ii) the applicant has signed;
(3) was performed when the applicant had legal authority
to do so; and
(4) complies with the acceptable categories of experience
established by the AQB and stated in subsection (e) of this section.
(i) Experience credit for current licensed residential
or certified residential license holders who seek to upgrade their
license.
(1) Applicants who currently hold a licensed residential
or certified residential appraiser license issued by the Board and
want to upgrade this license must:
(A) submit an application on a Board-approved form;
(B) submit a Board-approved Appraisal Experience Log
and Appraisal Experience Affidavit listing each appraisal assignment
or other work for which the applicant is seeking experience credit
for the full amount of experience hours required for the license sought;
(C) pay the appropriate application fee; and
(D) satisfy any other requirement for the license sought,
including but not limited to:
(i) the incremental number of experience hours required;
(ii) the hours of experience required for each property
type;
(iii) the minimum length of time over which the experience
is claimed; and
(iv) the recency requirement in this section.
(2) Review of experience logs.
(A) An applicant who seeks to upgrade a current license
issued by the Board must produce experience logs to document 100 percent
of the experience hours required for the license sought.
(B) Upon review of an applicant's experience logs,
the Board may, at its sole discretion, grant experience credit for
the hours shown on the applicant's logs even if some work files have
been destroyed because the 5-year records retention period in USPAP
has passed.
(j) The Board may, at its sole discretion, accept evidence
other than an applicant's Appraisal Experience Log and Appraisal Experience
Affidavit to demonstrate experience claimed by an applicant.
(k) The Board must verify the experience claimed by
each applicant generally complies with USPAP.
(1) Verification may be obtained by:
(A) requesting copies of appraisals and all supporting
documentation, including the work files; and
(B) engaging in other investigative research determined
to be appropriate by the Board.
(2) If the Board requests documentation from an applicant
to verify experience claimed by an applicant, the applicant has 60
days to provide the requested documentation to the Board.
(3) Failure to comply with a request for documentation
to verify experience, or submission of experience that is found not
to comply with the requirements for experience credit, is a violation
of these rules and may result in denial of a license application,
and any disciplinary action up to and including revocation.
|
| Source Note: The provisions of this §153.15 adopted to be effective March 2, 1992, 17 TexReg 1231; amended to be effective August 17, 1992, 17 TexReg 5455; amended to be effective November 10, 1993, 18 TexReg 7542; amended to be effective September 1, 1995, 20 TexReg 6202; amended to be effective March 1, 1997, 22 TexReg 1717; amended to be effective November 17, 1999, 24 TexReg 10090; amended to be effective April 1, 2001, 26 TexReg 2163; amended to be effective January 1, 2003, 27 TexReg 11147; amended to be effective March 9, 2006, 31 TexReg 1650; amended to be effective August 28, 2007, 32 TexReg5368; amended to be effective December 27, 2010, 35 TexReg 11658; amended to be effective December 22, 2013, 38 TexReg 9048; amended to be effective September 7, 2014, 39 TexReg 6857; amended to be effective December 11, 2016, 41 TexReg 9707 |
