(a) Before applying for a license, an appraiser trainee
may submit up to two requests for 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 between thirty to fifty percent of
the hours of appraisal experience required by the AQB for category
of appraiser license the appraiser trainee will be applying for;
(2) accumulating between sixty to eighty percent of
the hours of appraisal experience required by the AQB for category
of appraiser license the appraiser trainee will be applying for; 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)
of this title and meet the definition of real estate appraisal experience
in §153.1 of this title.
(d) To begin the review process, an appraiser trainee
must:
(1) submit an application for work product review on
a form approved by the Board;
(2) pay the required fee; and
(3) submit 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 required 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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