New Hampshire Code of Administrative Rules
Rab - Real Estate Appraiser Board
Chapter Rab 300 - APPRENTICE CLASSIFICATION, CERTIFICATE AND LICENSE REQUIREMENTS
Part Rab 302 - QUALIFICATIONS
Section Rab 302.04 - Experience Hour Standards
Current through Register No. 40, October 3, 2024
(a) The number of hours of experience that a licensed or certifiedresidential real estate appraiser applicant can claim shall be the actual number of hours required to complete each assignment, up to the maximum number of hours as indicated in Table 3.2.1 "Appraisal Type and Maximum Experience Hours For Licensed Or Certified Residential Real Estate Appraiser" below for each appraisal type:
Table 3.2.1 Appraisal Type and Maximum Experience Hours
For Licensed Or Certified Residential Real Estate Appraiser Applicants
| Appraisal Type | Maximum Hours |
| Residential report, single family | 8 hours |
| Residential report, 2 to 4 family | 12 hours |
| Residential report, building lot | 6 hours |
| Any written narrative appraisal report of a residential property | 20 Hours |
(b) Reports prepared pursuant to (a) above shall, unless they are narratives, be on forms such as those developed by Fannie Mae, provided that all reports are made to comply with USPAP.
(c) The number of hours of experience that a certified general real estate appraiser applicant can claim shall be the actual number of hours required to complete each assignment, up to the maximum number of hours as indicated in Table 3.2.2 "Appraisal Type and Credit Hours For Certified General Real Estate Appraiser Applicants" below for each appraisal regardless of value:
Table 3.2.2 Appraisal Type and Maximum Credit Hours
For Certified General Real Estate Appraiser Applicants
| Appraisal Type | Maximum Hours |
| Undeveloped land | 24 hours |
| Single occupant Commercial / industrial property | 32 hours |
| Multi occupant Commercial / industrial property | 40 hours |
| Add for absorption analysis | +10 hours |
| Add for performing both "as is" and "value upon completion" | +10 hours |
(d) For any appraisal that requires valuation "before-and-after" such as in condemnation work or in the valuation of easements, 150% of the hours cited in 302.04(a) - (c) may be claimed.
(e) Applicants shall be awarded credit for the actual hours, up to a maximum of 40, spent in the preparation of feasibility studies, market analysis, cash flow analysis, investment analysis and other appraisal consulting assignments provided the reports conform to USPAP Standards 4 and 5, if applicable, and if such work demonstrates proficiency in appraisal principles, techniques, or skills used by appraisers practicing under USPAP Standard 1.
(f) It shall not be necessary that there be a client for an appraisal to qualify for experience, but experience gained for work without a client shall not exceed 50% of the total experience requirement.
(See Revision Note at chapter heading for Rab 100) #5435, eff 7-15-92; ss by #6787, INTERIM, eff 7-15-98, EXPIRED: 11-12-98
New. #6958, eff 3-23-99, EXPIRED: 3-23-07
New. #8854, INTERIM, eff 3-24-07, EXPIRED: 9-20-07
New. #9018, eff 11-1-07; ss by #10270, eff 2-2-13 (from Rab 302.03)
