Ala. Admin. Code r. 780-X-17-.09

Current through Register Vol. 43, No. 1, October 31, 2024

Section 780-X-17-.09 - Appraiser Qualifications

(a) An appraisal management company shall annually certify to the Board, on a form prescribed by the Board, that any appraiser being added to its appraiser panel to appraise properties in Alabama holds a license in good standing in Alabama. The appraisal management company shall verify the status of the appraiser by contacting the Alabama Board or by utilizing the National Registry of the Appraisal Subcommittee.

(b) An appraisal management company may not prohibit the licensed or certified appraiser engaged for an assignment from being assisted by a Trainee appraiser who is mentored by the certified appraiser.

(c) An appraisal management company shall obtain criminal background check information for appraisers on the panel from the Board if there is a report on file with the Board, the appraiser has consented to the release of the report to the appraisal management company and if the criminal background check meets reasonable timeliness standards adopted by the appraisal management company.

Ala. Admin. Code r. 780-X-17-.09

New Rule: Filed November 18, 2011; effective December 23, 2011.

Amended by Alabama Administrative Monthly Volume XXXIV, Issue No. 01, October 30, 2015, eff. 11/16/2015.

Author: Lisa Brooks, Executive Director, Alabama Real Estate Appraisers Board

Statutory Authority:Code of Ala. 1975, §§ 34-27A-54, 34-27A-57.