N.Y. Comp. Codes R. & Regs. tit. 19 § 1102.7
Current through Register Vol. 46, No. 50, December 11, 2024
Section 1102.7 - Mass appraisals(a) Applicants for residential licensing, residential certification or general certification will receive credit for mass appraisal experience according to the provisions of this section.(b)(1) Experience requirements. (i) An applicant for residential licensing must document that the applicant has at least 2,000 hours over a period of at least two years performing mass appraisals or the equivalent thereof. The applicant's documentation must demonstrate that the applicant was engaged for at least 1,500 hours performing mass appraisals of properties in the residential categories set forth in paragraph (c)(2) of this section.(ii) An applicant for residential certification must document that the applicant has at least 2,500 hours over a period of at least two years performing mass appraisals or the equivalent thereof. The applicant's documentation must demonstrate that the applicant was engaged for at least 1,875 hours performing mass appraisals of properties in the residential categories set forth in paragraph (c)(2) of this section.(iii) An applicant for general certification must document that the applicant has at least 3,000 hours of over a period of at least 21/2 years performing mass appraisals or the equivalent thereof. The applicant's documentation must demonstrate that the applicant was engaged for at least 2,250 hours performing mass appraisals of properties in the general categories set forth in paragraph (c)(3) of this section.(2) An applicant must demonstrate experience in each of the three essential tasks of a mass appraisal. The applicant's experience in each category, as a percentage of the total required experience, must be within the following maximums and minimum: Mass Appraisal Tasks | Minimum Experience Required | Maximum Experience Allowed |
Data collection | 20% | 25% |
Modeling and value analysis | 30% | 50% |
Valuation and final review | 30% | 50% |
(c)(1) An applicant must demonstrate the effectiveness of the applicant's mass appraisal models by submitting single property appraisals from separate neighborhoods. These single property appraisals must demonstrate compliance with the appraisal standards set forth in Part 1106 of this Title.(2) An applicant for residential licensing or residential certification must submit one single property appraisal in three of the residential categories listed below:(i) residential single family;(ii) residential two to four family;(iii) residential vacant land; or(iv) farms less than 100 acres.(3) An applicant for general certification must submit one single-property appraisal in four of the general categories listed below:(i) apartment buildings (more than four units);(ii) land (undeveloped tracts, commercial sites, industrial sites, or utility sites);(iii) farms greater than 100 acres;(iv) townhouse complexes;(v) condominium complexes;(vii) manufacturing plants;(viii) office buildings (single tenant);(ix) office buildings (multiple tenants);(x) retail and shopping centers;(xvi) gas or service stations;(xvii) hospitals, nursing homes, and health care centers;(xviii) schools, churches or government buildings; and(xix) other commercial, industrial or utility real property.N.Y. Comp. Codes R. & Regs. Tit. 19 § 1102.7