Current through Register Vol. 18, September 20, 2024
(1)
Timber and mineral valuations shall not qualify as real estate appraisal
experience, unless performed in conjunction with a real estate appraisal
assignment involving real property.
(2) The board will use the following maximum
hourly credit as a guide toward the crediting of experience hours:
(a) single unit residential (one unit
dwelling)
(i) appraisal report 12
(ii) restricted appraisal report 12
(b) multiunit
residential (two to four units)
(i) appraisal
report 20
(ii) restricted
appraisal report 20
(c)
residential vacant land less than ten acres
(i) appraisal report 8
(ii) restricted appraisal report
8
(d) individual
residential subdivision sites (per site) (not to exceed 20 hours - two sites
per subdivision)
(i) appraisal report 5
(ii) restricted appraisal report 5
(e) land (undeveloped
nonresidential tracts, residential multifamily sites, commercial sites,
industrial sites, land in transition, etc.)
(i) appraisal report 25
(ii) restricted appraisal report 25
(f) rural,
agricultural, or residential ten to 160 acres
(i) appraisal report 25
(ii) restricted appraisal report 25
(g) rural,
agricultural, or residential 161 to 2000 acres
(i) appraisal report 30
(ii) restricted appraisal report 30
(h) agricultural in
excess of 2000 acres
(i) appraisal report 40
(ii) restricted appraisal report
40
(i) rural,
agricultural, or residential 160 to 1000 acres with improvements
(i) appraisal report 50
(ii) restricted appraisal report 50
(j) rural, agricultural, or
residential over 1000 acres with improvements
(i) appraisal report 60
(ii) restricted appraisal report 60
(k) residential
multifamily (5-12 units) (apartments, condominiums, townhouses, mobile home
parks, etc.)
(i) appraisal report 35
(ii) restricted appraisal report
35
(l) residential
multifamily (13+ units) (apartments, condominiums, townhouses, mobile home
parks, etc.)
(i) appraisal report 60
(ii) restricted appraisal report
60
(m) commercial
single tenant (office building, retail store, restaurant, service station,
bank, day care center, etc.)
(i) appraisal
report 40
(ii) restricted
appraisal report 40
(n)
commercial multitenant (office building, shopping center, hotel, etc.)
(i) appraisal report 60
(ii) restricted appraisal report 60
(o) industrial
(warehouse, manufacturing plant, etc.)
(i)
appraisal report 70
(ii) restricted
appraisal report 70
(p)
institutional (nursing home, hospital, school, church, government building,
etc.)
(i) appraisal report 70
(ii) restricted appraisal report
70
(3)
Appraisal review reports that do not contain the reviewer's opinion of value
will be allowed a maximum one-third of the allotted time found in
(2).
(4) The board may provide a
variance from the hourly standards provided in (2) and (3). To be considered
for such a variance, an applicant must submit a written request for a variance
supported by documentation, which demonstrates the need for additional credit
hours.
AUTH:
37-1-131,
37-54-105,
37-54-303,
MCA IMP:
37-1-131,
37-54-105,
37-54-202,
37-54-303,
MCA
