La. Admin. Code tit. 70 § XVII-513

Current through Register Vol. 50, No. 11, November 20, 2024

Section XVII-513 - Fee Review Appraiser Qualifications

A. Only those individuals on the Approved Panel of Fee Appraisers can be considered for fee review appraisal assignments. The minimum requirements for a fee review appraiser are as follows:

1. the appraiser must be Certified General Appraiser pursuant to the Louisiana Certified Real Estate Appraiser Law;

2. must have a minimum of four years full time experience in appraising real property for a condemning authority;

3. must have experience in appraising the types of properties within the scope of work for the project under consideration and/or any other requirements deemed relevant for the project under consideration;

4. the appraiser must follow the appraisal standards as set forth by the Uniform Standards of Professional Appraisal Practice (USPAP);

5. the appraiser must follow the appraisal standards as set forth by the Uniform Appraisal Standards for Federal Land Acquisitions.

B. Many of the fee appraisal work required by the department involve properties required for projects in which federal funds are utilized. Therefore, all reports must meet LDOTD and FHWA requirements for each project assigned.

La. Admin. Code tit. 70, § XVII-513

Promulgated by the Department of Transportation and Development, Office of Real Estate, LR 33:1372 (July 2007).

AUTHORITY NOTE: Promulgated in accordance with R.S. 48:443.