Current through Rules and Regulations filed through December 27, 2023
(1)
(a) State Trainee appraiser classification
In order to qualify as a State Trainee appraiser, an applicant
must:
1. have attained the age of 18
years old;
2. be a resident of the
state of Georgia, unless that applicant has fully complied with the provisions of
Code Section
43-39A-9;
3. be a high school graduate or the holder of a
general educational developmental equivalency diploma; and
4. furnish evidence of having successfully
completed at least 90 creditable classroom hours of qualifying education as
specified in the required core curriculum in a Board approved course or courses
which includes passing the 15 hour National Uniform Standards of Professional
Appraisal Practice (USPAP) course. There is no state examination for the State
Trainee appraiser classification but the State Trainee appraiser must pass the
appropriate qualifying education end of course examinations in all the
prerequisite courses in order to earn credit for those courses. All qualifying
education must be completed within the five (5) year period prior to the date of
submission of a State Trainee appraiser application. No appraiser experience is
required as a prerequisite for the State Trainee appraiser
classification.
5. Furnish evidence
of having successfully completed a course that, at minimum, complies with the
specifications for course content established by the Appraiser Qualifications
Board (AQB), which is specifically oriented to the requirements and
responsibilities of Supervisory Appraisers and Trainee Appraisers. The course
must be completed by the State Trainee appraiser prior to obtaining a State
Trainee appraiser classification in Georgia. Further, the State Trainee appraiser
course is not eligible towards the ninety (90) hours of qualifying education
required.
(b) A State
Trainee appraiser who receives a classification shall be formally supervised by a
Supervisory Appraiser in good standing and state-certified and each shall be
subject to the following:
The scope of practice for a State Trainee appraiser
classification is the appraisal of those properties which the state-certified
Supervisory Appraiser is permitted by his/her current credential and that the
Supervisory Appraiser is competent to appraise.
1. A State Trainee appraiser, as well as the
Supervisory Appraiser, shall be entitled to obtain copies of appraisal reports
and/or permitted appropriate access and retrieval arrangements for all work files
for appraisals in which he or she participated, in accordance with the
recordkeeping rule of USPAP.
2. A
State Trainee appraiser must comply with the competency rule of USPAP for all
assignments.
3. A State Trainee
appraiser shall be subject to direct control and supervision of a Supervisory
Appraiser in good standing, who shall be State Certified. A State Trainee
appraiser is permitted to have more than one Supervisory Appraiser.
4. A Supervisory Appraiser shall be responsible
for the training, guidance, and direct control in supervision of a State Trainee
appraiser by:
(i) Accepting responsibility for
the appraisal by signing and certifying the appraisal complies with
USPAP;
(ii) Reviewing and signing the
State Trainee appraisal report; and
(iii) Personally inspecting each appraised
property with the State Trainee appraiser until the Supervisory Appraiser
determines the State Trainee appraiser is competent to inspect the property, in
accordance with the competency rule of USPAP for the property type.
6. A State Trainee appraiser is
permitted to have more than one Supervisory Appraiser, but a Supervisory
Appraiser may not supervise more than three (3) State Trainee appraisers, at one
time, unless a program is adopted in Georgia to provide for progress monitoring,
Supervisory certified appraiser qualifications, and supervision and oversight
requirements for Supervisory Appraisers.
7. An appraisal experience log shall be
maintained by the Supervisory Appraiser and the State Trainee appraiser. It is
the responsibility of both the Supervisory Appraiser and the State Trainee
appraiser to ensure the appraisal experience log is accurate, current and
complies with the requirements of the State of Georgia. At a minimum, the
appraisal experience log requirements shall include:
(i) Type of property;
(ii) Date of report;
(iii) Address of appraised property;
(iv) Description of work performed by the State
Trainee appraiser and scope of the review and supervision of the Supervisory
Appraiser;
(v) Number of actual work
hours by the State Trainee appraiser on the assignment; and
(vi) The signature and state classification
number of the Supervisory Appraiser. Separate appraiser logs shall be maintained
by each Supervisory Appraiser if applicable.
8. A Supervisory Appraiser shall be
state-certified and in good standing in the State of Georgia for the previous
three (3) years and not subject to any disciplinary action within any
jurisdiction within the previous three (3) years that affects the Supervisory
Appraiser's legal eligibility to engage in appraisal practice.
9. A Supervisory Appraiser subject to a
disciplinary action would be considered to be in "good standing" three (3) years
after the successful termination of any sanction imposed against the
appraiser.
10. A Supervisory
Appraiser shall have been state-certified in Georgia for a minimum of three (3)
years prior to being eligible to becoming a Supervisory Appraiser.
11. A Supervisory Appraiser must comply with
the competency rule of USPAP for the property type and geographic location the
State Trainee appraiser is being supervised.
12. Before entering into any additional
supervisory relationship, a Supervisory Appraiser shall be required to complete a
course that, at a minimum, complies with the specifications for course content
established by the AQB which is specifically oriented to the requirements and
responsibilities of Supervisory Appraisers and State Trainee appraisers. The
course must be completed by a Supervisory Appraiser prior to supervising a State
Trainee appraiser.
13. A State
Trainee appraiser shall be given credit for appraisal experience only when earned
in appraisal assignments performed under the direct supervision of a Supervisory
Appraiser.
(2)
(a) State Registered appraiser classification
In order to qualify as a State Registered appraiser, an applicant
must:
1. have attained the age of 18
years old;
2. be a resident of the
state of Georgia, unless that applicant has fully complied with the provisions of
Code Section
43-39A-9;
3. be a high school graduate or the holder of a
general educational developmental equivalency diploma; and
4. furnish evidence of having successfully
completed at least 90 creditable classroom hours of qualifying education as
specified in the required core curriculum in a Board approved course or courses
which includes passing the 15 hour National Uniform Standards of Professional
Appraisal Practice (USPAP) course. There is no state examination for the State
Registered appraiser classification but the State Registered appraiser must pass
the appropriate qualifying education end of course examinations in all the
prerequisite courses in order to earn credit for those courses. All qualifying
education must be completed within the five (5) year period prior to the date of
submission of a State Registered appraiser application. No appraiser experience
is required as a prerequisite for the State Registered appraiser
classification.
(b) A
State Registered appraiser may perform appraisals on any type of property except
when the purpose of the appraisal is for use in a federally related transaction.
A State Registered appraiser may perform appraisal activity and sign an appraisal
report as "appraiser" on real property involved in a federally related
transaction only if a certified appraiser also signs the report and assumes
responsibility for the appraisal.
(c)
Beginning January 1, 2015, a State Registered appraiser shall be given credit for
appraisal experience only when earned under the same requirements set forth for a
State Trainee appraiser pursuant to paragraphs (1)(a) & (b) above.
(3) A State Licensed appraiser (a)
may engage in any appraisal activity permitted a State Registered 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 appraiser may not appraise real estate wherein a
development analysis/appraisal is necessary and utilized. In order to qualify as
a State Licensed 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 of having successfully
completed at least 150 credit hours in a Board approved course or courses of
study consistent with the provisions of
539-2-.03(2) which
includes at least 15 credit hours covering USPAP;
(e) upon the filing of an application for
examination to become a Licensed Appraiser, provide documentation on forms
prescribed by the Board of at least 2,000 hours of experience, gained over a
period of at least 12 months, 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 the AQB-approved
National Uniform Licensing and Certification Examination.
(4) A State Certified Residential appraiser (a)
may perform appraisals on any property which a State Registered appraiser or
State Licensed 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 appraiser may not appraise real
estate wherein a development analysis/appraisal is necessary and utilized. In
order to qualify as a State Certified Residential 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)
1. hold a
Bachelor's degree, or higher, from an accredited college or university. The
college or university must be a degree-granting institution accredited by the
Commission on Colleges, a national or regional accreditation association, or by
an accrediting agency that is recognized by the U.S. Secretary of Education.
Applicants with a college degree from a foreign country may have their education
evaluated for "equivalency" by one of the following:
(1) an accredited, degree-granting domestic
college or university;
(2) the
American Association of Collegiate Registrars and Admissions Officers
(AACRAO);
(3) a foreign degree
credential evaluation service company that is a member of the National
Association of Credential Evaluation Services (NACES); or
(4) a foreign degree credential evaluation
service company that provides equivalency evaluation reports accepted by an
accredited degree-granting domestic college or university or by a state licensing
board that issues credentials in another discipline; or
2. hold an Associates Degree in a field of
study related to: Business Administration, Accounting Finance, Economics; or Real
Estate; or
3. successful completion
of 30 semester hours of college-level courses in each of the following specific
topic areas: English Composition (3 hours), Microeconomics (3 hours),
Macroeconomics (3 hours), Finance (3 hours), Algebra, Geometry, or Higher Math (3
hours), Statistics (3 hours), Computer Science (3 hours), Business Law or Real
Estate Law (3 hours). Two elective courses in any of the above topics, or in
Accounting, Geography, Agricultural, Economics, Business Management, or Real
Estate (3 hours each); or
4.
successful completion of at least 30 hours of College Level Examination
Program® (CLEP®) examinations that cover each of the specific topic areas
covered in 2. above; or
5. any
combination of 3. and 4. above that includes all of the topics identified;
or
6. no college level education is
required for an appraiser who has held a State Licensed appraiser classification
for a minimum of five (5) years and has no record of any adverse, final and
non-appealable disciplinary action affecting the State Licensed appraiser's legal
ability to engage in appraisal practice within the five (5) years immediately
preceding the date of application for a State Certified Residential
classification.
(d)
furnish evidence of having successfully completed at least 200 credit hours in a
Board approved course or courses of study consistent with the provisions of
539-2-.03(2) which
includes at least 15 credit hours covering USPAP;
(e) upon the filing of an application for
examination to become a Certified Residential Appraiser, 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
the AQB-approved National Uniform Licensing and Certification
Examination.
(5) A State
Certified General appraiser may appraise any type of property for any purpose. In
order to qualify as a State Certified General 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) hold a Bachelor's degree or higher, from an
accredited college or university. The college or university must be a
degree-granting institution accredited by the Commission on Colleges, a national
or regional accreditation association, or by an accrediting agency that is
recognized by the U.S. Secretary of Education. Applicants with a college degree
from a foreign country may have their education evaluated for "equivalency" by
one of the following:
(1) an accredited,
degree-granting domestic college or university;
(2) the American Association of Collegiate
Registrars and Admissions Officers (AACRAO);
(3) a foreign degree credential evaluation
service company that is a member of the National Association of Credential
Evaluation Services (NACES); or
(4)
a foreign degree credential evaluation service company that provides equivalency
evaluation reports accepted by an accredited degree-granting domestic college or
university or by a state licensing board that issues credentials in another
discipline.
(d) furnish
evidence of having successfully completed at least 300 credit hours in a Board
approved course or courses consistent with the provisions of
539-2-.03(2) which
includes at least 15 credit hours covering USPAP;
(e) upon the filing of an application for
examination, to become a Certified General Appraiser, 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, AQB-approved National Uniform
Licensing and Certification Examination.
(6) Exceptions. Any appraiser who holds a
classification as an appraiser and who seeks a different classification shall be
deemed to have met the curriculum set forth in the Standards for Appraisal
Courses
539-2-.03 for the classification held.
(7)
Every appraiser with an active classification including the State Trainee
appraiser classification shall complete fourteen (14) 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 shall successfully complete the current version of the 7-Hour
National USPAP Update Course (or its AQB-approved equivalent). Aside from
complying with the requirement to complete a 7-Hour National USPAP Update Course
(or its AQB-approved equivalent), appraisers may not receive credit for
completion of the same continuing education course within the one year renewal
period.
(8) No hours of credit shall
be awarded for any education course which an applicant or appraiser completes
solely by taking and passing an examination.
(9) A State Trainee Appraiser and a State
Registered Appraiser shall obtain appraiser experience hours from a Supervisory
Appraiser under the formal Supervisory/Trainee Appraiser requirements found in
paragraphs (1)(a) & (b) above. A Licensed or Certified Residential Appraiser
may obtain appraiser experience hours to move up to a higher classification from
a supervising appraiser who does not have to meet the formal requirements for
being a Supervisory Appraiser as that term is used in paragraphs (1)(a) & (b)
above but is required to meet the requirements hereinafter as a supervising
appraiser.
(a) For the purpose of this rule, a
"supervising appraiser" shall be a State Certified General appraiser or a State
Certified Residential and shall be subject to the same criteria of a Supervisory
Appraiser found in paragraphs (1)(b) 8. & 9. infra.
(b) In order for appraisal experience to
qualify for credit, a certified appraiser supervising another classified
appraiser (including a Supervisory Appraiser supervising a Trainee Appraiser),
shall not be an employee of or an independent contractor with the supervised
appraiser nor an employee of or an independent contractor with a firm in which
the supervised appraiser has a controlling ownership interest.
(c) Experience credit shall be given only for
experience earned while the applicant has a classification in this or another
state.
(d) An appraiser who agrees to
supervise the work of another appraiser (including a Supervisory Appraiser
supervising a Trainee Appraiser) shall enter into a written agreement with the
appraiser to be supervised prior to undertaking any appraisal work that will be
utilized for appraisal experience credit under this rule. The written agreement
shall at a minimum contain provisions that:
1.
identify the full name of the type of classification held by each appraiser as
follows
a. State Trainee appraiser,
b. State Registered Appraiser,
c. State Licensed Appraiser,
d. State Certified Residential
Appraiser,
e. State Certified General
Appraiser, or
f. the name used by
another State's regulatory agency, if the appraiser is not classified in Georgia
but is in another State;
2.
identify the classification number issued by the Board to each appraiser or
similar number issued by another State's regulatory agency if the appraiser is
not classified in Georgia;
3.
identify the date of the end of the renewal period for each appraiser's
classification;
4. state the
supervised appraiser's and supervising appraiser's business relationship; for
example, but not limited to, employee, independent contractor, or both are
employees or independent contractors with the same firm;
5. indicate how the supervised and the
supervising appraiser will be compensated for appraisal activities undertaken
during the term of the contract and how each will be compensated when the
contract ends for work begun but not completed prior to the termination of the
contracts;
6. identify the scope of
duties the supervised appraiser is authorized to undertake, which must not be
inconsistent with this rule or the Appraiser Act, and must at least include
provisions that:
a. all appraiser assignments
must be solicited and obtained in the name of the supervising appraiser or the
supervising appraiser's firm (including a Supervisory Appraiser supervising a
Trainee appraiser) (if an appraisal assignment is solicited and obtained in the
name of a State Trainee real property appraiser, the resulting appraisal may not
be used for experience credit under this rule);
b. all appraisal reports shall be transmitted
or delivered to the client or customer by the supervising appraiser or his or her
designee other than the supervised appraiser;
c. the supervising appraiser will accept
responsibility for the supervised appraiser's work 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
if the appraisal assignment was undertaken for such a purpose; and
d. the supervising appraiser shall review the
report before signing it;
7. after the termination of the relationship,
the supervised appraiser shall, during normal business hours, have access to all
appraisal files on which he or she worked for purposes of submitting to the Board
any data the Board requires;
(e) The supervising appraiser and the
supervised appraiser shall jointly maintain an appraisal log that includes the
following information for each appraisal performed in the format available on the
Board's web site:
a. Type of property;
b. Date of report;
c. Address of appraised property;
d. Description of work performed by the
supervised appraiser and scope of the review and supervision of the supervised
appraiser;
e. Number of actual work
hours by the supervised appraiser on the assignment; and
f. The signature and state classification
number of the supervising appraiser. Separate appraiser logs shall be maintained
by each supervising appraiser if applicable.
(f) Any appraiser seeking to use appraisal
experience for a higher classification shall attach to his or her log a copy of
any written agreements under which he or she obtained the hours of experience
governed by this rule.
(g) The
supervising appraiser (including a Supervisory Appraiser supervising a Trainee
Appraiser) must comply with the requirements of 43-39A-18(b) (12) and 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.
(10)
Notwithstanding any other provision of this rule, any State Licensed or State
Certified Residential appraiser seeking to earn experience credit for a higher
appraisal classification may perform appraisal activity and sign an appraisal
report as "appraiser" on real property involved in a federally related
transaction that may require a higher classification if the appraiser holding the
higher classification required to do the appraisal also signs the report and
assumes full responsibility for the appraisal.
O.C.G.A.
§§
43-39A-3, 43-39A-8, 43-39A-13.
Original Rule
entitled "Appraiser Classifications and Their Education, Examination, and
Experience Requirements" adopted. F. May 8,
1991; eff. May 28, 1991.
Amended: F. June 10,
1992; eff. June 30, 1992.
Amended: F. July 14,
1992; eff. September 1, 1992, as specified by the Agency.
Amended: F. Mar. 10,
1993; eff. Mar. 30, 1993.
Amended: F. Nov. 16,
1993; eff. Dec. 6, 1993.
Amended: F. Mar. 9,
1994; eff. Mar. 29, 1994.
Amended: F. Sept. 21,
1994; eff. Oct. 11, 1994.
Amended: F. Nov. 1,
1995; eff. Nov. 21, 1995.
Amended: F. Dec. 6,
1996; eff. Dec. 26, 1996.
Amended: F. Sept. 26,
1997; eff. Oct. 16, 1997.
Amended: F. June 8,
1998; eff. June 28, 1998.
Amended: F. May 19,
2000; eff. June 8, 2000.
Amended: F. Jan. 25,
2002; eff. Feb. 14, 2002.
Amended: F. Nov. 22,
2002; eff. Dec. 12, 2002.
Amended: F. Mar. 20,
2003; eff. Apr. 9, 2003.
Amended: F. Jan. 26,
2004; eff. Feb. 15, 2004.
Amended: F. May 24,
2004; eff. June 13, 2004.
Amended: F. May 2,
2005; eff. May 22, 2005.
Amended: F. Sept. 22,
2005; eff. Oct. 12, 2005.
Amended: F. June 22,
2006; eff. August 1, 2006, as specified by the Agency.
Amended: F. Mar. 6,
2008; eff. Mar. 31, 2008, as specified by the Agency.
Amended: F. Oct. 28,
2013; eff. Nov. 17, 2013.
Amended: F. Dec. 11,
2014; eff. Dec. 31, 2014.
Amended: F. Sep. 19,
2018; eff. Oct. 15, 2018, as specified by the
Agency.
