Or. Admin. Code § 161-010-0085

Current through Register Vol. 63, No. 11, November 1, 2024

Section 161-010-0085 - Pre-Requisite Experience and Education for Supervising Appraiser

Any licensee wishing to supervise a new appraiser assistantmust first apply for and receive a Supervising Appraiser Endorsement.

(1) In order to receive a Supervising Appraiser Endorsement, the applicant must:

(a) Be state certified for a minimum of three (3) years prior to being eligible to become a Supervisory Appraiser.

(b) Be in good standing and not subject to any disciplinary action that affects the Supervisory Appraiser's legal eligibility to engage in appraisal practice within any jurisdiction for a period of at least 3 years prior to being eligible to bcome a supervising appraiser.

(c) Complete a minimum of four (4) hours of an AQB approved Supervising Appraiser/Appraiser Assistant Training Course and successfully pass the final exam prior to making application. A prior Supervising Appraiser/Appraiser Assistant Training Course and exam completed for purposes of registering as an appraiser assistant will not count towardobtaining a Supervising Appraiser Endorsement. Supervising Appraisers who have taken a non-AQB approved courseprior to January 1, 2015 must complete an approved AQB course before supervising any new appraiser assistants.

(d) Submit a completed Supervising Appraiser Endorsement application that includes the following:

(A) Non-refundable application fee as described on the application form; and

(B) Supervising Appraiser/Appraiser Assistant Training Course completion certificate.

(e) Successfully pass a Board analysis of appraisal work product to verify USPAP compliance.

(2) Upon application approval, the Board will issue the applicant a Supervising Appraiser Endorsement that authorizes the applicant to act as a Supervising Appraiser pursuant to OAR 161-025-0025.

(3) Any applicant may submit a written request to withdraw their application at any time prior to an official action being taken by the Board.

(4) A Supervising Appraiser Endorsement may be suspended or revoked if the Board determines that the applicant has failed to directly supervise an Appraiser Assistant as required by OAR 161-025-0025.

Or. Admin. Code § 161-010-0085

ACLB 2-2006, f. & cert. ef. 7-26-06; ACLB 1-2007, f. & cert. ef. 2-9-07; ACLB 4-2007, f. 11-1-07, cert. ef. 1-1-08; ACLB 2-2008(Temp), f. & cert. ef. 8-6-08 thru 2-1-09; ACLB 1-2009, f. 1-28-09, cert. ef. 1-30-09; ACLB 1-2010(Temp), f. 1-29-10, cert. ef. 2-1-10 thru 7-27-10; ACLB 2-2010, f. & cert. ef. 4-23-10; ACLB 3-2011, f. & cert. ef. 11-17-11; ACLB 5-2014, f. 12-19-14, cert. ef. 1/1/2015; ACLB 3-2019, amend filed 05/03/2019, effective 5/4/2019

Statutory/Other Authority: OAR 183.355(1)(a), 674.305(7) & 674.310(2)

Statutes/Other Implemented: ORS 674.305(7) & 674.310(2)