New Hampshire Code of Administrative Rules
Rab - Real Estate Appraiser Board
Chapter Rab 300 - APPRENTICE CLASSIFICATION, CERTIFICATE AND LICENSE REQUIREMENTS
Part Rab 305 - APPRENTICE CLASSIFICATION
Section Rab 305.03 - Real Estate Appraiser Apprentice Log

Universal Citation: NH Admin Rules Rab 305.03

Current through Register No. 40, October 3, 2024

(a) An apprentice real estate appraiser shall maintain an appraisal log that includes the following information concerning each appraisal assignment in which the apprentice participates:

(1) The name and address of the client;

(2) The type of appraisal report;

(3) The address of the appraised property;

(4) A description of work performed; and

(5) The number of hours claimed for the assignment.

(b) Appraisal logs submitted to the board shall indicate the nature of the apprentice's participation in each assignment.

(c) The apprentice shall set forth within the log, for each assignment, information indicating whether the apprentice was involved in obtaining, calculating or preparing the following:

(1) Land/site inspections and descriptions;

(2) Building inspections and descriptions;

(3) Neighborhood descriptions and analysis;

(4) Highest and best use analysis;

(5) Research of comparable sales and analysis;

(6) Cost analysis;

(7) Income analysis for income properties;

(8) Meaningful sales analysis;

(9) Correlation of data into final value; and

(10) Any other components of the appraisal process.

#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

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