(a)-(c)(No change.) (d)Experience credit shall be awarded by the board in accordance with current criteria established by the Appraiser Qualifications Board and in accordance with the provisions of the Act specifically relating to experience requirements. [Experience as a real estate lending officer of a financial institution or as a real estate broker is acceptable experience if the experience includes the actual performance or professional review of real estate appraisals. ] An hour of experience means 60 minutes expended in one or more of the acceptable appraisal experience areas. Calculation of the hours of experience must be based solely on actual hours of experience. Any one or any combination of the following categories may be acceptable for the completion of 1,000 hours of credit each year. Experience credit may be awarded for: (1)Fee [Experience credit may be awarded for a fee] or staff appraisal when it is performed in accordance with Standards 1 and 2 and other [the] provisions of the Uniform Standards of Professional Practice (USPAP) in effect at the time of the appraisal. (2)Ad [Experience credit may be awarded for an ad] valorem tax appraisal which: (A)conforms to USPAP Standard 6 [uses techniques to value properties similar to those used by appraisers] ; and (B)demonstrates proficiency in appraisal principles, techniques, or skills used by appraisers practicing under USPAP Standard 1. [effectively uses the appraisal process. The components of the mass appraisal process which may be awarded experience credit are the highest and best use analysis, model specification (developing the model), and model calibration (developing adjustments to the model). Other components of the mass appraisal process, by themselves, are not eligible for experience credit. Mass appraisals must be performed in accordance with Standards Rule 6 of USPAP. ] (3)Condemnation appraisal. (4)[(3)] Technical [ Experience credit may be awarded for a] review appraisal to the extent that it demonstrates proficiency in appraisal principles, techniques, or skills used by appraisers practicing under USPAP Standard 1. [ when the appraiser performs review(s) of appraisals prepared by either employees, associates or others, provided the appraisal report was not signed by the review appraiser. Review appraisal credit shall not be awarded when the report is signed as a review appraiser as this should appropriately be considered as appraisal experience. Review appraisals must be performed in accordance with Standards Rule 3 of USPAP.] (5)[(4)] Appraisal [ Experience credit may be awarded for appraisal] analysis. A market analysis typically performed by a real estate broker or salesman may be awarded experience credit when the analysis is prepared in conformity with USPAP Standards [Standards Rules] 1 and 2 [of USPAP , and the individual can demonstrate that he or she is using similar techniques as appraisers to value properties and is effectively utilizing the appraisal process]. (6)[(5)]Real property appraisal consulting [Experience credit may be granted for real estate counseling (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 [when it is appraisal related] and performed in accordance with USPAP Standards [Standards Rules] 4 and 5 [of USPAP]. [(6)Experience credit may be granted for highest and best use analysis.] [(7)Experience credit may be awarded for a feasibility analysis or feasibility study when it is performed in accordance with Standards Rules 4 and 5 of USPAP]. (7)[(8)] Experience credit may not be awarded for teaching appraisal courses. (e)(No changes.) (f)An applicant may be granted experience credit only for real property appraisals which: (1)comply with the Uniform Standards of Professional Appraisal Practice (USPAP) in effect at the time of the appraisal; and, (2)are verifiable and supported by workfiles in which the applicant is identified as participating in the appraisal process [ written reports or file memoranda]; and, (3)were performed [by the applicant at a time] when the applicant had legal authority [to perform real property appraisals ]; and, (4)comply with the acceptable categories of experience as per the AQB experience criteria and stated in subsection (d) of this section.
This agency hereby certifies that the proposal has
been
reviewed by legal counsel and found to be within the agency's legal authority
to adopt.
Filed with the Office of
the Secretary of State on September 12, 2002
TRD-200205957 Renil C. Liner
Commissioner
Texas Appraiser Licensing and Certification Board
Earliest possible date of adoption: October 27, 2002
For further information, please call: (512) 465-3950
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