Every appraiser with an active classification must complete fourteen classroom hours of continuing education instruction for each year of the appraiser's renewal period. In every two consecutive renewal periods, every appraiser with an active classification must successfully complete a Board approved course in the Uniform Standards of Professional Appraisal Practice of at least seven hours.
Appraiser Classifications and Their Education, Examination, and Experience Requirements. Amended.
(1) A state registered real property appraiser may perform appraisals on any type of property except when the purpose of the appraisal is for use in a federally related transaction. In order to qualify as a state registered real property appraiser, an applicant must:
(a) have attained the age of 18 years old;
(b) be a resident of the state of Georgia , unless that applicant has fully complied with the provisions of Code Section 43-39A-9;
(c) be a high school graduate or the holder of a general educational developmental equivalency diploma; and
(d) furnish evidence of having successfully completed at least 90 classroom hours of study in a Board approved course or courses which includes at least 15 classroom hours covering the Uniform Standards of Professional Appraisal Practice.
(2) A state licensed real property appraiser (a) may engage in any appraisal activity permitted a state registered real property appraiser; (b) may appraise properties in federally related transactions of non-complex one to four residential units having a transaction value less than $1,000,000; (c) may appraise any other real estate having a transaction value less than $250,000; and (d) such other appraisals in federally related transactions as may be approved by the federal financial institutions regulatory agencies. In federally related transactions, a state licensed real property appraiser may not appraise real estate wherein a development analysis/appraisal is necessary and utilized. In order to qualify as a state licensed real property appraiser, an applicant must:
(a) have attained the age of 18 years old;
(b) be a resident of the state of Georgia , unless the applicant has fully complied with the provisions of Code Section 43-39A-9;
(c) be a high school graduate or the holder of a general educational developmental equivalency diploma;
(d) furnish evidence that he or she has successfully completed not less than 90 classroom hours in a Board approved course or courses of study which includes at least 15 classroom hours covering the Uniform Standards of Professional Appraisal Practice;
(e) upon the filing of an application for examination, provide documentation on forms prescribed by the Board of at least 2,000 hours of experience in real estate appraisal activity. Such documentation must include for each appraisal report the type of property, the date of the report, the address of the property, a description of the work performed, and the number of work hours; and
(f) after meeting the requirements of subparagraphs (a) through (e) of this paragraph, take and pass an examination approved by the Board covering generally the matters confronting state licensed real property appraisers.
(3) A state certified residential real property appraiser (a) may perform appraisals on any property which a state registered real property appraiser or state licensed real property appraiser may appraise; (b) may appraise one to four residential units without regard to transaction value or complexity; and (c) such other appraisals in federally related transactions as may from time to time be approved by the federal financial institutions regulatory agencies. In federally related transactions, a state certified residential real property appraiser may not appraise real estate wherein a development analysis/appraisal is necessary and utilized. In order to qualify as a state certified residential real property appraiser, an applicant must:
(a) have attained the age of 18 years old;
(b) be a resident of the state of Georgia , unless that applicant has fully complied with the provisions of O.C.G.A. Section 43-39A-9;
(c) be a high school graduate or the holder of a general educational developmental equivalency diploma;
(d) furnish evidence that he or she has successfully completed not less than 120 classroom hours in a Board approved course or courses of study which includes at least 15 classroom hours covering the Uniform Standards of Professional Appraisal Practice;
(e) upon the filing of an application for examination, provide documentation on forms described by the Board of at least 2,500 hours of experience, gained continuously over a period of at least 24 months, in real estate appraisal activity of which at least twenty-five percent must be in complex one to four unit residential appraisal work. Such documentation must include for each appraisal report the type of property, the date of the report, the address of the property, a description of the work performed, and the number of work hours; and
(f) after meeting the requirements of subparagraphs (a) through (e) of this paragraph, take and pass an examination approved by the Board covering generally the matters confronting state certified residential real property appraisers.
(4) A state certified general real property appraiser may appraise any type of property for any purpose. In order to qualify as a state certified general real property appraiser, an applicant must:
(a) have attained the age of 18 years old;
(b) be a resident of the state of Georgia , unless that applicant has fully complied with the provisions of Code Section 43-39A-9;
(c) be a high school graduate or the holder of a general educational developmental equivalency diploma;
(d) furnish evidence that he or she has successfully completed not less than 180 classroom hours in a Board approved course or courses which includes at least 15 classroom hours covering the Uniform Standards of Professional Appraisal Practice;
(e) upon the filing of an application for examination, provide documentation on forms prescribed by the Board of at least 3,000 hours of experience, gained continuously over a period of at least 30 months, in real estate appraisal activity of which at least fifty percent must be in non-residential appraisal work. Such documentation must include for each appraisal report the type of property, the date of the report, the address of the property, a description of the work performed, and the number of work hours; and
(f) after meeting the requirements of subparagraphs (a) through (e) of this paragraph, take and pass an examination approved by the Board covering generally the matters confronting state certified general real property appraisers.
(5) An applicant who has taken a college course, the content of which is demonstrated to the satisfaction of the Board to include subject matters authorized by Code Section 43-39A-8(d)and enumerated in Chapter 539-2 of the Rules, may count such college course toward meeting the education requirements of this Rule at a rate of 8 classroom hours per quarter hour or 13.3 classroom hours per semester hour of credit earned.
(6) A classroom hour is at least fifty minutes of each sixty minute segment. The Board will grant credit toward a classroom hour requirement for preclassification education only if the course offering is at least fifteen hours in length and the applicant successfully completes an examination pertinent to the course. The Board will grant credit toward a classroom hour for continuing education only if the course offering is at least two hours in length.
(7) No hours of credit shall be awarded for any education course which an applicant or appraiser completes solely by taking and passing an examination.
(8) State registered real property appraisers classified after March 1, 2004, shall be given credit for their first one thousand hours of appraisal experience only if it is earned in appraisal assignments performed under the direct supervision of a supervising appraiser.
(a) For the purpose of this rule, “supervising appraiser” means a state certified general real property appraiser, a state certified residential real property appraiser, or a state licensed real property appraiser provided that the state licensed real property appraiser has accumulated at least the qualifying appraisal experience defined in paragraph (3)(e) of this rule.
(b) In order for the experience to qualify for credit, the supervising appraiser supervising such state registered real property appraiser shall for each appraisal:
1. accept responsibility for supervising the state registered real property appraiser by signing the appraisal report and certifying that it complies with generally accepted appraisal procedures and is in compliance with the standards required by the federal financial institutions regulatory agency that regulates the financial transaction for which the appraisal assignment was undertaken;
2. review the report before signing it; and
3. personally inspect along with the state registered real property appraiser each property appraised until such time as the supervising appraiser determines that the state registered real property appraiser is competent in inspecting properties. The Board will deem a registered appraiser to have demonstrated competence in inspecting residential properties after having performed at least twenty inspections of one to four family residential properties in the presence of a supervising appraiser while performing an appraisal assignment.
(c) The supervising appraiser and the supervised state registered real property appraiser shall jointly maintain an appraisal log that shall include at least the following information for each appraisal performed:
1. the address of the property appraised;
2. the type of property appraised;
3. the date of the value estimate;
4. a notation of whether the supervising appraiser inspected the property along with the state registered real property appraiser;
5. a description of the work performed by the state registered real property appraiser and the scope of the review and supervision of the supervising appraiser;
6. the actual number of hours worked on the assignment by the state registered real property appraiser; and
7. the signature and state classification number of each appraiser.
(d) The supervising appraiser and the state registered real property appraiser must each comply with the requirements of 43-39AB18(b)(12) to retain for a period of five years the original or a true copy of each appraisal report prepared or signed by each appraiser and all supporting data assembled and formulated by the appraisers in preparing each such appraisal report.
(e) A state registered real property appraiser may work with more than one supervising appraiser.
(f) At the time of supervising a state registered real property appraiser, the supervising appraiser must be in good standing and must not have received a suspension , surrender or revocation of an appraisal classification within the last two years , provided that suspension, surrender, or revocation involved a violation of Rules Chapter 539-3 or any of the unfair trade practices in O.C.G.A. § 43-39A-18.
(g) Experience credit shall be given only for experience earned while the applicant has a classification in this or another state.
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