Or. Admin. Code § 161-015-0015
Current through Register Vol. 63, No. 12, December 1, 2024
Section 161-015-0015 - Reciprocity(1) The Board may recognize and accept the education and experience of an applicant who holds a license or certificate obtained from another state. The out-of-state license or certificate must be active and the applicant must be in good standing in all states in which they are licensed and/or certified.(2) An applicant may apply for an Oregon reciprocal real property appraiser license or certificate at a level consistent with their out-of-state license or certificate provided that:(a) The appraiser licensing program of the other state is in compliance with the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 { 12U.S.C. 3331-3351 } as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; and(b) The originating state has credentialing requirements that meet or exceed those of Oregon.(3) Each out-of-state credential holder applying for an Oregon reciprocal real estate appraiser license or certificate shall:(a) Be at least 18 years of age;(b) Be identified on the National Registry of the Appraisal Subcommittee as an active licensed or certified real property appraiser that currently conforms to the AQB criteria;(c) Submit an application for a license or certificate on a form prescribed by the Board as set forth in OAR 161-015-0030; and(d) Shall comply with all statutes and rules governing licensed or certified appraisers in Oregon. Each reciprocal licensee shall immediately notify the Board of any disciplinary action taken in any other state in which the licensee holds a license or certificate.(4) Be subjected to a background check pursuant to OAR 161-030-0000.Or. Admin. Code § 161-015-0015
ACLB 5-2014, f. 12-19-14, cert. ef. 1/1/2015; ACLB 1-2024, amend filed 07/30/2024, effective 7/30/2024Statutory/Other Authority: ORS 674.035(7) & 674.310
Statutes/Other Implemented: ORS 674