24 Del. Admin. Code § 2930-4.0

Current through Reigster Vol. 28, No. 6, December 1, 2024

Section 2930-4.0 - General Appraisal Practice

4.1 Administrative Responsibilities

4.1.1 Appropriate titles and approved abbreviations

4.1.1.1 A State certified general appraiser shall use the title of "State Certified General Real Property Appraiser". The approved abbreviation is DE Cert Gen X1-{insert credentialed certification number}.

4.1.1.2 A State certified residential appraiser shall use the title of "State Certified Residential Real Property Appraiser". The approved abbreviation is DE Cert Res X2-{insert credentialed certification number}.

4.1.1.3 A State licensed residential appraiser shall use the title of "State Licensed Residential Real Property Appraiser". The approved abbreviation is DE Lic Appr X3-{insert credentialed license number}.

4.1.1.4 A State licensed appraiser trainee shall use the title of "State Licensed Appraisal Trainee" or "Appraiser Trainee". The approved abbreviation is DE Appr Trainee X4-{insert credentialed license number}.

4.1.2 The real property appraiser license or certificate of a State licensed or State certified real property appraiser shall be prominently displayed at the appraiser's place of business. The license of a State licensed appraiser trainee shall be prominently displayed at his or her supervisor's place of business.

4.1.3 The biennial license or certificate renewal pocket card issued by the Council to each State licensed or State certified real property appraiser shall be retained by the licensee or certificate holder as evidence of licensure or certification. When performing appraisals, the licensee or certificate holder shall carry on his/her person the pocket card issued by the Council.

4.1.4 When advertising or otherwise holding oneself out as a real property appraiser, a State licensed real property appraiser shall identify that real property appraiser as a "State licensed real property appraiser." A State certified residential real property appraiser shall identify that real property appraiser as a "State certified residential real property appraiser". A State certified general real property appraiser shall identify that real property appraiser as a "State certified general real property appraiser." A State licensed real estate appraisal trainee shall identify that real property appraiser trainee as a "State licensed real estate appraiser trainee."

4.1.5 Licensure or certification as a real property appraiser is granted only to persons and does not extend to a business entity.

4.1.6 All licensees and certificate holders shall notify the Council in writing of each change of business address, residence address, e-mail address, business telephone number or trade name within 10 days of said change. The information provided shall be sufficiently descriptive to enable the Council to correspond with and locate the licensee or certificate holder. All licensees and certificate holders shall notify the Council in writing of each change of supervisor or employer, and shall provide the Council with the new supervisor's or employer's name, business address, and business telephone number.

4.1.7 Appraisal reports

4.1.7.1 Appraisal reports prepared by or under the direction of 1 or more State licensed or State certified real property appraisers shall bear:

4.1.7.1.1 The signature of those State licensed or State certified appraisers;

4.1.7.1.2 The license or certificate numbers of those State licensed or certified appraisers; and

4.1.7.1.3 The appropriate titles or approved abbreviations, as specified in subsection 4.1.1, of those State licensed or certified appraisers.

4.1.7.2 Any appraisal report signed by a State licensed appraiser trainee shall be co-signed by a supervising State certified appraiser according to subsection 2.1.3.3.

4.1.7.3 Each signatory shall be fully responsible for the content of the appraisal report prepared by them or under their direction.

4.1.7.4 Each appraisal report shall indicate whether or not each State licensed or certified appraiser has personally inspected the property.

4.1.7.5 Each appraisal report shall identify any other person who assists in the appraisal process other than by providing clerical assistance.

4.1.8 Each State certified or State licensed appraiser or appraisal trainee shall be responsible for the proper maintenance and retention of the appraisal records.

24 Del. Admin. Code § 2930-4.0

4 DE Reg. 1504 (03/01/01)
9 DE Reg. 1377 (03/01/06)
11 DE Reg. 813 (12/01/07)
11 DE Reg. 1499 (05/01/08)
12 DE Reg. 123 (07/01/09)
17 DE Reg. 444 (10/1/2013)
17 DE Reg. 927 (3/1/2014)
19 DE Reg. 70 (7/1/2015)
20 DE Reg. 65 (7/1/2016)
28 DE Reg. 396 (11/1/2024) (Final)