Current through Register Vol. 63, No. 9, September 1, 2024
(1)
There are three categories of licensed or certified appraisers in Oregon; state
licensed appraiser, state certified residential appraiser, and state certified
general appraiser. Individuals working under the direct supervision of a
Supervising Appraiser in order to meet the experience criteria required to
obtain alicense or certificate, are known as registered Appraiser
Assistants.
(2)
Unlicensed/uncertified and unregistered individuals may assist in the
preparation of an appraisal, but are not allowed to sign the appraisal
report.
(3) The application process
has three components: Education, Experience and Examination. Appraisers in
Oregon must demonstrate competency by meeting prerequisite qualifying or
continuing education, experience and examination requirements established by
the Board. On all initial and upgrade applications for credentialing, the Board
must:
(a) Use a reliable means of approving
appraiser experience;
(b) Select
the work product to be analyzed for USPAP compliance;
(c) Analyze a representative sample of the
applicant's work product;
(d)
Exercise due diligence to determine whether submitted documents of work product
or experience demonstrates compliance with USPAP.
(4) All licenses and certificates are subject
to renewal every two years on or before the last day of the license or
certificate holder's birth month.
(a) Each
license or certificate may be renewed upon receipt of the renewal fee specified
in OAR 161-003-0020, a complete renewal application that includes a current,
recognizable, passport style color photograph of the applicant (taken within 30
days preceding receipt of the application), evidence of the completion of
continuing education requirements as provided in 161-020-0150, and the fee. The
completed application, fee, and evidence of continuing education requirements
must be received in the Board office on or before the expiration date of the
license or certificate to be considered timely. If the expiration date falls on
a weekend or legal holiday, the renewal application must be received no later
than 5:00 p.m. on the next business day following the date of
expiration.
(b) All applicants for
renewal of a license or certificate must complete the 7-Hour National USPAP
Continuing Education Course (formerly known as the 7-Hour National USPAP Update
Course) during each 2-year renewal cycle. Applicants for renewal must provide
evidence of completion of the course with the renewal application.
(c) Effective January 1, 2026, all applicants
for renewal of a license or certificate must complete a 7-hour course on
Valuation Bias and Fair Housing Laws and Regulations. Thereafter, all
applicants must complete a course on Valuation Bias and Fair Housing Laws and
Regulations of at least 4 hours in length during each 2-year renewal cycle.
Applicants for renewal must provide evidence of completion of the course with
the renewal application.
(d)
Renewal applications received after the expiration date and within one (1) year
of the date of expiration shall be assessed a late fee in addition to the
renewal fee. It is unlawful for any appraiser to engage in, carry on, advertise
or purport to engage in or carry on real estate appraisal activity within this
state after a license or certificate has expired and prior to properly renewing
the expired license or certificate.
(e) If an appraiser fails to renew their
license or certificate within one year from the date of expiration, the status
of the license or certificate becomes terminated and they must reapply pursuant
to OAR 161-010-0020 through 161-010-0065.
(f) Licensees on active duty with the United
States Armed Forces at the time of renewal may, upon written request to the
Board, be provided a military deferral allowing for their otherwise complete
application, including fee and evidence of continuing education, to be
considered timely if received by the Board within 180 days of release from
active duty.
(5) Each
licensee shall notify the Board within thirty (30) days of any disciplinary
action imposed in any other state in which the person holds a license or
certificate.
Statutory/Other Authority: ORS 674.305(8) &
674.310
Statutes/Other Implemented: ORS
674
