Utah Administrative Code
Topic - Commerce
Title R162 - Real Estate
Rule R162-2g - Real Estate Appraiser Licensing and Certification Administrative Rules
Section R162-2g-601 - Appendices
Appendix 1. Residential Experience Hours Schedule. An applicant may submit experience for the successful completion of an AQB-approved PAREA program module including the Licensed Residential Module of 1,000 experience hours and the Certified Residential Module of 500 experience hours. Alternatively, the hours shown in the following schedule shall be awarded for form appraisals. Fifteen hours may be added to the hours shown if the appraisal is a narrative appraisal instead of a form appraisal.
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TABLE 1 |
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Property Type |
Hours that may be earned |
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(a) one-unit dwelling, above-grade: (i) living area less than 4,000 square feet, including a site |
Up to 10 hours (Expected avg hrs 7.5) |
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PA RT 1 |
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Task |
Hours |
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Highest and Best Use Analysis |
0.25 |
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Neighborhood Description |
0.5 |
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Exterior Inspection |
0.5 |
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Interior Inspection |
0.5 |
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Market Conditions |
0.75 |
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Land Value Estimate |
0.5 |
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Improvement Cost Estimate |
0.5 |
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Income Value Estimate |
2.5 |
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Sales Comparison Value Estimate |
2.5 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
1.75 |
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Restricted Appraisal Report Preparation |
0.5 |
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(ii) living area 4,000 square feet or more, including a site |
Up to 10 hours |
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PART 2 |
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|
Task |
Hours |
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Highest and Best Use Analysis |
0.25 |
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Neighborhood Description |
0.5 |
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Exterior Inspection |
0.75 |
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Interior Inspection |
0.75 |
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Market Conditions |
0.75 |
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Land Value Estimate |
0.75 |
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Improvement Cost Estimate |
0.75 |
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Income Value Estimate |
3.0 |
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Sales Comparison Value Estimate |
3.0 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(b) multiple one-unit dwellings in the same subdivision or condominium project, which dwellings are substantially similar: (ii) over 25 dwellings |
7 hours per dwelling, up to a maximum of 42 hours |
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(c) two to four-unit dwelling (i) 1-25 dwellings |
70 hours maximum |
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PART 3 |
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|
Task |
Hours |
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Highest and Best Use Analysis |
0.25 |
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Neighborhood Description |
0.5 |
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Exterior Inspection |
0.5 |
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Interior Inspection |
0.5 |
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Market Conditions |
0.75 |
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Land Value Estimate |
0.5 |
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Improvement Cost Estimate |
0.5 |
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Income Value Estimate |
3.0 |
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Sales Comparison Value Estimate |
3.0 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(d) employee relocation counsel reports completed on currently accepted Employee Relocation Counsel form |
Up to 10 hours |
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(e) residential lot, 1-4 unit |
Up to 7 hours |
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PART 4 |
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Task |
Hours |
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Highest and Best Use Analysis |
0.25 |
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Neighborhood Description |
0.5 |
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Site Inspection |
0.25 |
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Market Conditions |
0.75 |
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Sales Comparison Value Estimate |
1-3 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation Restricted Appraisal Report Preparation |
2.0 0.5 |
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(f) multiple lots in the same subdivision, which lots are substantially similar |
5 hours per lot, up to a maximum of 30 hours |
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(i) 1-25 lots |
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(ii) Over 25 maximum lots |
50 hours |
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(g) small parcel of less than 20 acres |
Up to 6.5 hours |
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PART 5 |
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Task |
Hours |
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Highest and Best Use Analysis |
0.25 |
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Neighborhood Description |
0.5 |
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Site Inspection |
0.25 |
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Market Conditions |
0.75 |
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Sales Comparison Value Estimate |
1-3 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(h) vacant land, 20-640 acres |
20-40 hours, per board decision |
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(k) review of residential appraisals with no opinion of value developed as part of the review performed in conjunction with investigations by government agencies |
10-50 hours |
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(i) recreational, farm, or timber acreage suitable for a house site: |
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(i) up to 10 acres |
10 hours |
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(ii) 10 acres or more |
15 hours |
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(j) other unusual structures or acreage that are much larger or more complex than typical properties |
5-35 hours, per board decision |
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(k) review of residential appraisals with no opinion of value developed as part of there view performed in conjunction with investigations by government agencies |
10-50 hours |
Appendix 2. General Experience Hours Schedule. Appraisal reports claimed for property types identified in sections (a) through (k) of the following schedule shall be narrative appraisal reports. Experience hours listed in this schedule may be increased by 50% for unique and complex properties if the applicant notes the number of extra hours claimed on the appraiser experience log submitted by the applicant, and if the applicant maintains in the workfile for the appraisal an explanation as to why the extra hours are claimed.
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TABLE 2 |
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Property Type |
Hours that may be earned |
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(a) Apartment buildings: (i) 5-100 units |
40 hours |
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(ii) over 100 units |
50 hours |
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(b) hotel or motels: (i) 50 units or fewer |
30 hours |
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(ii) 51-150 units |
40 hours |
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(iii) over 150 units |
50 hours |
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(c) nursing home, rest home, care facilities: |
40 hours |
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(i) fewer than 80 beds |
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(ii) 80 beds or more |
50 hours |
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(d) industrial or warehouse building: |
30 hours |
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(i) smaller than 20,000 square feet |
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(ii) 20,000 square feet or more, single tenant |
40 hours |
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(iii) 20,000 square feet or more, multiple tenants |
50 hours |
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(e) office buildings: |
30 hours |
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(i) smaller than 10,000 square feet |
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(ii) 10,000 square feet or more, single tenant |
40 hours |
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(iii) 10,000 square feet or more, multiple tenants |
50 hours |
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(f) entire condominium projects, using income approach to value: |
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(i) 5- to 30-unit project |
30 hours |
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(ii) 31- or more-unit project |
50 hours |
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(g) retail buildings: |
30 hours |
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(i) smaller than 10,000 square feet |
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(ii) 10,000 square feet or more, single tenant |
40 hours |
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(iii) 10,000 square feet or more, multiple tenants |
50 hours |
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(ii) 10,000 square feet or more, single tenant |
40 hours |
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(iii) 10,000 square feet or more, multiple tenants |
50 hours |
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(f) entire condominium projects, using income approach to value: |
30 hours |
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(i) 5- to 30-unit project |
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(ii) 31- or more-unit project |
50 hours |
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(h) commercial, multi-unit, industrial, or other non-residential use acreage: |
20-40 hours |
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(i) 1 to less than 100 acres |
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(ii) 100 acres or more, income approach to value |
50-60 hours |
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(i) other unusual structures or assignments that are much larger or more complex than the properties described in Subsection (a) through (h) |
5 to 100 hours per board decision |
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(j) entire subdivisions or planned unit developments (PUDs): |
30 hours |
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(i) 1- to 25-unit subdivision or |
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(ii) over 25-unit subdivision or PUD |
50 hours |
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(k) feasibility or market analysis |
5 to 100 hours, each per board decision, up to a maximum of 500 hours |
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Form |
Narrative |
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(l) farm and ranch appraisals: |
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(i) irrigated cropland, pasture other than rangeland: |
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(A) 1 to less than 11 acres |
10 hrs |
15 hrs |
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(B) 11-less than 40 acres |
12.5 hrs |
20 hrs |
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(C) 40-less than 160 acres |
15 hrs |
25 hrs |
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(D) 160-less than 1,280 acres |
25 hrs |
40 hrs |
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(E) 1,280 acres or more |
40 hrs |
50 hrs |
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(ii) dry farm: |
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(A) 1 to less than 1,280 acres |
15 hrs |
25 hrs |
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(B) 1,280 acres or more |
20 hrs |
40 hrs |
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(m) Improvements on properties other than a rural residence, maximum 10 hours: |
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(i) dwelling |
5 hrs |
5 hrs |
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(ii) shed |
2.5 hrs |
2.5 hrs |
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(n) cattle ranches |
15 hrs |
20 hrs |
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(i) 0-200 head |
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(ii) 201-500 head |
25 hrs |
30 hrs |
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(iii) 501-1,000 head |
30 hrs |
40 hrs |
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(iv) more than 1,000 head |
40 hrs |
50 hrs |
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(o) sheep ranches |
25 hrs |
30 hrs |
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(i) 0-2,000 head |
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(ii) more than 2,000 head |
35 hrs |
45 hrs |
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(ii) 101-300 head |
25 hrs |
30 hrs |
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(iii) more than 300 head |
30 hrs |
35 hrs |
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(q) orchards |
30 hrs |
40 hrs |
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(i) up to 50 acres |
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(ii) more than 50 acres |
40 hrs |
50 hrs |
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(r) rangeland or timber |
20 hrs |
25 hrs |
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(i) 0-640 acres |
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(ii) more than 640 acres |
30 hrs |
35 hrs |
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(s) poultry |
30 hrs |
40 hrs |
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(i) 0-100,000 birds |
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(ii) more than 100,000 birds |
40 hrs |
50 hrs |
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(t) mink |
30 hrs |
35 hrs |
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(i) 0-5,000 cages |
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(ii) more than 5,000 cages |
40 hrs |
50 hrs |
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(u) fish farm |
40 hrs |
50 hrs |
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(v) hog farm |
40 hrs |
50 hrs |
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(w) review of Appendix 2 appraisals with no opinion of value developed as part of the review, performed in conjunction with investigations by government agencies |
20-100 hours |
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(x) natural resource properties, depending on complexity: |
1-20 hours per site |
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(i) sand and gravel |
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(ii) mine |
1-110 hours |
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(iii) oil and gas |
1-50 hours per site |
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(y) pipelines and gas distribution properties, depending on complexity |
10-40 hours |
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(z) telephone and electrics properties, depending on complexity |
5-80 hours |
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(aa) airline and railroad properties, depending on complexity |
10-80 hours |
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(bb) appraisal review or audit, depending on complexity |
2.5-125 hours |
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(cc) capitalization rate study |
10 to 100 hours |
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(dd) mineral pricing study |
10 to 100 hours |
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(ee) effective tax rate study |
10 to 100 hours |
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(ff) Ad valorem centrally assessed property tax appeal preparation |
5 to 125 hours |
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Appendix 3. Mass Appraisal Experience Hours Schedule.
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TABLE 3 |
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|
Property Type |
Hours that may be earned |
|
(a) one-unit dwelling, above-grade living area less than 4,000 square feet: |
|
|
PART 1 |
|
|
Task |
Hours |
|
Highest and Best Use Analysis |
0.25 |
|
Income Value Estimate |
2.5 |
|
Neighborhood Description |
0.5 |
|
Exterior Inspection |
0.5 |
|
Interior Inspection |
0.5 |
|
CAMA Data Input and Review |
0.5 |
|
Market Conditions |
0.75 |
|
Land Value Estimate |
0.5 |
|
Improvement Cost Estimate |
0.5 |
|
Sales Comparison Value Estimate |
2.5 |
|
Final Reconciliation |
0.25 |
|
Appraisal Report Preparation |
1.75 |
|
Restricted Appraisal Report Preparation |
0.5 |
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(b) one-unit dwelling, above-grade living area 4,000 square feet or more: |
|
|
PART 2 |
|
|
Highest and Best Use Analysis |
0.25 |
|
Neighborhood Description |
0.5 |
|
Exterior Inspection |
0.75 |
|
Interior Inspection |
0.75 |
|
CAMA Data Input and Review |
0.5 |
|
Market Conditions |
0.75 |
|
Land Value Estimate |
0.75 |
|
Improvement Cost Estimate |
0.75 |
|
Income Value Estimate |
3.0 |
|
Sales Comparison Value Estimate |
3.0 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(c) two- to four-unit dwelling: |
|
|
PART 3 |
|
|
Highest and Best Use Analysis |
0.25 |
|
Neighborhood Description |
0.5 |
|
Exterior Inspection |
0.5 |
|
Interior Inspection |
0.5 |
|
CAMA Data Input and Review |
0.5 |
|
Market Conditions |
0.75 |
|
Land Value Estimate |
0.5 |
|
Improvement Cost Estimate |
0.5 |
|
Income Value Estimate |
3.0 |
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Sales Comparison Value Estimate |
3.0 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(d) commercial and industrial buildings, depending on complexity: |
|
|
PART 4 |
|
|
Highest and Best Use Analysis |
0.25 |
|
Neighborhood Description |
0.5 |
|
Exterior Inspection |
0.5-4.5 |
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Interior Inspection |
0.5-9.5 |
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CAMA Data Input and Review |
0.5 |
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Market Conditions |
1.5 |
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Land Value Estimate |
2.0 |
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Improvement Cost Estimate |
2.0 |
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Income Value Estimate |
2-15 |
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Sales Comparison Value Estimate |
2-15 |
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Final Reconciliation |
0.5 |
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Appraisal Report Preparation |
1-10 |
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Restricted Appraisal Report Preparation |
0.5 |
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(e) agricultural and other improvements, depending on complexity: |
|
|
PART 5 |
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|
Highest and Best Use Analysis |
0.25 - 0.5 |
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Neighborhood Description |
0.5 |
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Exterior Inspection |
0.25 - 0.5 |
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Interior Inspection |
0.5-1 |
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CAMA Data Input and Review |
0.5 |
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Market Conditions |
0.75 |
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Land Value Estimate |
0.5 - 1 |
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Improvement Cost Estimate |
0.5 - 1 |
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Income Value Estimate |
1 - 3 |
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Sales Comparison Value Estimate |
1 - 3 |
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Final Reconciliation |
0.25 |
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Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(f) vacant land, depending on complexity: |
|
|
PART 6 |
|
|
Highest and Best Use Analysis |
0.25 - 0.5 |
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Neighborhood Description |
0.5 |
|
Site Inspection |
0.25 |
|
Land Segregation |
0.25 |
|
CAMA Data Input and Review |
0.5 |
|
Inspection |
0.25 - 2.25 |
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Market Conditions |
0.75 |
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Income Value Estimate |
1-3 |
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Sales Comparison Value Estimate |
1-3 |
|
Final Reconciliation |
0.25 |
|
Appraisal Report Preparation |
2.0 |
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Restricted Appraisal Report Preparation |
0.5 |
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(g) land valuation guideline for development: |
|
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(i) 25 or fewer parcels |
10 hours |
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(ii) 26 to 500 parcels |
30 hours |
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(iii) over 500 parcels |
25 additional hours for each 500 parcels, up to a maximum of 125 hours for each guideline |
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(h) land valuation guideline update: (i) 25 or fewer parcels |
1 hour |
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(ii) 26 to 500 parcels |
3 hours |
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(iii) over 500 parcels |
2.5 additional hours for each 500 parcels, up to a maximum of 12.5 hours for each guideline |
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(i) assessment or sales ratio study, data collection, verification, sample inspection, analysis, conclusion, and implementation: |
|
|
(i) base study of 100 reviewed sales |
125 hours |
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(ii) additional increments of 100 sales |
25 additional hours for each 100 additional sales, up to a maximum of 375 hours for each study |
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(j) multiple regression model, development and implementation: |
100 hours |
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(i) fewer than 5,000 parcels |
|
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(ii) additional increments of 500 parcels |
5 additional hours for each additional 500 parcels, up to a maximum of 375 hours for each regression model |
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(k) industry depreciation study and analysis |
5 to 40 hours |
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(l) reviews of "land value in use" in accordance with Section 59-2-505: |
|
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(i) office review only |
0.25 hours |
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(ii) field review |
0.5 hours |
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(m) natural resource properties, depending on complexity: |
|
|
(i) sand and gravel |
1-20 hours per site |
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(ii) mine |
1-110 hours |
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(iii) oil and gas |
1-50 hours per site |
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(n) pipelines and gas distribution properties, depending on complexity |
10-40 hours |
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(o) telephone and electrics properties, depending on complexity |
5-80 hours |
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(p) airline and railroad properties, depending on complexity |
10-80 hours |
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(q) appraisal review or audit, depending on complexity |
2.5-125 hours |
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(r) capitalization rate study |
10 to 100 hours |
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(s) mineral pricing study |
10 to 100 hours |
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(t) effective tax rate study |
10 to 100 hours |
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(u) Ad valorem centrally assessed property tax appeal preparation |
5 to 125 hours |
Appendix 4. Appraiser Education.
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TABLE 4 Required Core Curriculum |
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|
Trainee Appraiser |
Hours |
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Basic Appraisal Principles |
30 Hours |
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Basic Appraisal Procedures |
30 Hours |
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15-Hour national USPAP Course or its Equivalent |
15 Hours |
|
Utah Appraiser and Trainee Course |
6 Hours |
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Trainee Appraiser Education Requirements |
81 Total Hours |
|
Licensed Appraiser |
|
|
Basic Appraisal Principles |
30 Hours |
|
Basic Appraisal Procedures |
30 Hours |
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15-Hour national USPAP Course or its Equivalent |
15 Hours |
|
Utah Appraiser and Trainee Course |
6 Hours |
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Residential Market Analysis and Highest and Best Use |
15 Hours |
|
Residential Appraiser Site Valuation and Cost Approach |
15 Hours |
|
Residential Sales Comparison and Income Approaches |
30 Hours |
|
Residential Report Writing and Case Studies |
15 Hours |
|
Licensed Residential Education Requirements |
156 Total Hours |
|
Certified Residential |
|
|
Basic Appraisal Principles |
30 Hours |
|
Basic Appraisal Procedures |
30 Hours |
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15-Hour national USPAP Course or its Equivalent |
15 Hours |
|
Utah Appraiser and Trainee Course |
6 Hours |
|
Residential Market Analysis and Highest and Best Use |
15 Hours |
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Residential Appraiser Site Valuation and Cost Approach |
15 Hours |
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Residential Sales Comparison and Income Approaches |
30 Hours |
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Residential Report Writing and Case Studies |
15 Hours |
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Statistics, Modeling and Finance |
15 Hours |
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Advanced Residential Applications and Case Studies |
15 Hours |
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Appraisal Subject Matter Electives (May include hours over the minimum shown in other modules) |
20 Hours |
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Certified Residential Education Requirements |
206 Total Hours |
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Certified General* |
|
|
Basic Appraisal Principles |
30 Hours |
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Basic Appraisal Procedures |
30 Hours |
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15-Hour national USPAP Course or its Equivalent |
15 Hours |
|
Utah Appraiser and Trainee Course |
6 Hours |
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*General Appraiser Market Analysis and Highest and Best Use |
30 Hours |
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Statistics, Modeling and Finance |
15 Hours |
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*General Sales Comparison and Income Approaches |
30 Hours |
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*General Appraiser Site Valuation and Cost Approach |
30 Hours |
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General Appraiser Income Approach |
60 Hours |
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*General Appraiser Report Writing and Case Studies |
30 Hours |
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Appraisal Subject Matter Electives (May include hours over the minimum shown in other modules) |
30 Hours |
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Certified General Education Requirements *The four Certified General courses identified with an asterisk * may substitute for the equivalent four Licensed Appraiser or Certified Residential courses when a candidate provides proof of completion of these courses when applying for a Licensed or Certified Residential appraisal credential. |
306 Total Hours |
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TABLE 5 Continuing Education Topics (Division Certification Required) |
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(1) Ad valorem taxation |
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(2) Arbitration, dispute resolution |
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(3) Courses related to the practice of real estate appraisal or Consulting |
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(4) Development cost estimating |
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(5) Ethics and standards of professional practice, USPAP |
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(6) Land use planning, zoning |
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(7) Management, leasing, timesharing |
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(8) Property development, partial interests |
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(9) Real estate law, easements, and legal interests |
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(10) Real estate litigation, damages, condemnation |
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(11) Real estate financing and investment |
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(12) Real estate appraisal-related computer applications |
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(13) Real estate securities and syndication |
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(14) Developing opinions of real property value in appraisals that also include personal property or business value |
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(15) Seller concessions and impact on value |
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(16) Energy efficient items and "green building" appraisals |
