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A common inquiry asked of the Board of Real Estate Appraiser staff is what constitutes real estate appraisal experience and how is the experience documented. Both Board Rules and the Uniform Standards of Professional Appraisal Practice (USPAP) address this issue.
Board Rule 5.2 states "The applicant must have made a substantial contribution to the appraisal and arrived at a conclusion of value in any appraisal claimed as evidence of meeting experience requirements."
Both Board Rule 11.2 and USPAP Standards Rule 2-3 require that an appraiser who substantially contributes to an appraisal must be specifically acknowledged. If an assisting appraiser does not sign an appraisal report, the specific contributions of the assisting appraiser must be acknowledged in the certification. If specific contributions are not acknowledged or the assisting appraiser does not sign the appraisal report, the appraiser may not use the appraisal report as evidence of appraisal experience. A review of Advisory Opinion-5 of USPAP is suggested.
Applicants for appraiser licensure or certification must submit an experience log or work record of all appraisal work assignments. These work records need to include the following information: assignment identification number, date of appraisal, client name, purpose of appraisal, type of property, task, and number of hours. The log or work record must also include a certification that is signed by the applicant and the supervising appraiser.
It is the appraiser's responsibility to keep track of the actual hours spent on each appraisal. Estimations of the total number of hours are not appropriate to verify experience. There is no "set" number of hours that is accepted per appraisal, as appraisal assignments usually vary in the number of hours it takes to complete. It is suggested that the appraiser enter the number of hours on to the log on a per appraisal basis.