Or. Admin. Code § 161-025-0030

Current through Register Vol. 63, No. 12, December 1, 2024

Section 161-025-0030 - Appraiser Assistant

The appraiser assistant must register with the Board in order to receive experience credit towards obtaining a real estate appraiser license or certificate.

(1) An appraiser assistant must work under the direct supervision of an Oregon certified appraiser who has been endorsed by the Board to act as a Supervising Appraiser.

(2) The appraiser assistant, before performing an assignment for a supervising appraiser, must have the knowledge and experience to complete the assignment competently.

(3) All appraisal work completed by an appraiser assistant shall be prepared in compliance with USPAP and these administrative rules.

(4) An appraiser assistant may assist in the preparation of any and all components of the appraisal.

(5) An appraiser assistant may sign an appraisal report, provided their supervising appraiser co-signs the appraisal report and accepts full responsibility for the contents of the appraisal report.

(6) The extent of the assistance provided by an appraiser assistant to a supervising appraiser must be disclosed in the appraisal report as described in OAR 161-025-0025(6).

(7) When inspecting a property, the appraiser assistant must not misrepresent their licensing status and must at all times clearly identify themselves as a registered appraiser assistant.

(8) The scope of practice for the appraiser assistant is the appraisal of those properties which the supervising appraiser is permitted to appraise.

(9) An appraiser assistant will only be granted experience credit if they have demonstrated that they have provided substantial professional real estate appraisal assistance in all categories of experience as outlined in OAR 161-025-0025(3)(a) through (h).

(10) The appraiser assistant is entitled to obtain copies of any appraisal reports and the associated workfile documentation for assignments in which the appraiser assistant provided professional real estate appraisal assistance.

(11) The appraiser assistant may have more than one supervising appraiser, each of whom must jointly maintain the appraisal experience log with the appraiser assistant to ensure the log is accurate, current and complies with Oregon Administrative Rules. At a minimum, the appraisal log reporting requirements shall include:

(a) Type of property; and

(b) Date of Report; and

(c) Address of appraised property; and

(d) Description of work performed by the appraiser assistant and the scope of the review and supervision of the Supervisory Appraiser; and

(e) Number of actual work hours by the appraiser assistant on the assignment; and

(f) The signature and state certification number of the supervisory appraiser.

(12) If the appraiser assistant adds or changes a supervising appraiser subsequent to registering with the Board, the appraiser assistant must submit a Change or Add Supervising Appraiser form, signed by the new supervising appraiser(s) along with a copy of the Supervising Appraiser's Endorsement. Any experience gained with a new supervising appraiser prior to confirmation from the Board that the registration has been amended to include the new supervising appraiser(s) will not count as experience credit towards obtaining a real estate appraiser license or certificate.

(13) Appraiser Assistance Logs must be prepared and maintained as described in OAR 161-025-0025(8)(b) and (d); and OAR 161-025-0030(11). Separate appraisal logs must be maintained for each supervising appraiser.

Or. Admin. Code § 161-025-0030

ACLB 1-1992(Temp), f. & cert. ef. 1-23-92; ACLB 2-1992, f. & cert. ef. 4-30-92; ACLB 1-1994, f. & cert. ef. 2-1-94; ACLB 3-1996, f. & cert. ef. 2-13-96; ACLB 1-1997(Temp), f. 10-13-97, cert. ef. 1-1-98; ACLB 1-1998, f. 6-24-98, cert. ef. 7-1-98; ACLB 1-2002, f. & cert. ef. 2-26-02; ACLB 2-2004, f. 5-25-04, cert. ef. 6-1-04; ACLB 4-2005, f. & cert. ef. 11-2-05; ACLB 1-2007, f. & cert. ef. 2-9-07; ACLB 1-2008, f. & cert. ef. 5-13-08; 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 2-2012(Temp), f. & cert. ef. 8-3-12 thru 1-30-13; ACLB 1-2013, f. 1-30-13, cert. ef. 1-31-13; ACLB 5-2014, f. 12-19-14, cert. ef. 1/1/2015; ACLB 1-2023, amend filed 07/24/2023, effective 7/24/2023; ACLB 1-2024, amend filed 07/30/2024, effective 7/30/2024

Statutory/Other Authority: ORS 674.305(8) & 674.310

Statutes/Other Implemented: ORS 674