2013 Louisiana Laws
Revised Statutes
TITLE 37 - Professions and Occupations
RS 37:3397 - License classifications; criteria

§3397. License classifications; criteria

A.(1) There shall be three classes of licenses for real estate appraisers. Such classes shall conform in all respects with the Financial Institutions Reform, Recovery and Enforcement Act of 1989, Pub. L. No. 101-73, and any subsequent amendments and regulations issued pursuant thereto.

(2) The application for examination, experience review, and renewal certification shall specify the license classification for which the applicant is applying.

B.(1) Applicants for a real estate appraiser trainee license shall be subject to the following:

(a) The Competency Provision of the Uniform Standards of Professional Appraisal Practice (USPAP).

(b) Training and direct supervision by an appraiser who is licensed and in good standing as a residential real estate appraiser or a general real estate appraiser. The trainee is permitted to have more than one supervising appraiser. The scope of work for the real estate appraiser trainee is limited to the appraisal of those properties that the supervising real estate appraiser is licensed to appraise.

(c) Completion of seventy-five classroom hours of qualifying education, or its equivalent, in core education subjects that include thirty hours of basic appraisal principles, thirty hours of basic appraisal procedures, and the fifteen-hour National Uniform Standards of Professional Appraisal Practice course, or its equivalent, and passage of a final examination in each course. These hours may be credited toward the educational requirement for all appraiser license classifications.

(2) There are no additional examination or experience requirements other than those listed in this Subsection for the real estate appraiser trainee license.

(3) The real estate appraiser trainee shall maintain a separate appraisal log for each supervising licensed appraiser that includes, at a minimum, the following information for each appraisal:

(a) Type of property.

(b) Client name and address.

(c) Address of appraised property.

(d) Description of work performed.

(e) Number of work hours.

(f) Name, signature, and state license number of the supervising licensed appraiser.

(4) All trainees who have been licensed in excess of two years shall be required to obtain continuing education that is equivalent to fifteen classroom hours of instruction for each year.

(5) The real estate appraiser trainee shall be entitled to obtain copies of appraisal reports prepared by the trainee. The supervising appraiser shall keep copies of the trainee appraisal reports for a period of at least five years or at least two years after final disposition of any judicial proceeding in which testimony is given, whichever period expires last.

(6) Effective January 1, 2008, the minimum education, examination, and experience requirements for a real estate appraiser trainee license shall be those mandated by the federal Appraiser Qualifications Board (AQB) and published in the 2006 Real Property Appraiser Qualification Criteria or any subsequent amendments and regulations issued pursuant thereto.

C.(1) Applicants for a certified residential real estate appraiser license shall be subject to the following:

(a) The competency provision of the Uniform Standards of Professional Appraisal Practice (USPAP).

(b) Successful completion of the Uniform State Certified Residential Real Property Appraiser Examination, or its equivalent. There is no substitution for successful completion of the examination. Successful completion of the Uniform State Certified General Real Property Appraiser Examination is not equivalent to successful completion of the Uniform State Certified Residential Real Property Appraiser Examination and may not be substituted as such.

(c) As a prerequisite to taking the required examination, successful completion of one hundred twenty classroom hours, or its equivalent, in real estate appraisal-related subjects that include the fifteen-hour National USPAP Course, or its equivalent, and successful passage of a final examination. These hours may be credited toward the educational requirement for all appraiser license classifications.

(d) The presentation of evidence satisfactory to the board that the applicant has completed a minimum of two thousand five hundred hours of real property appraisal experience.

(2) The application for a license shall not be submitted until such time that the applicant has passed the Uniform State Certified Residential Real Property Appraiser Examination, or its equivalent.

(3) Proof of experience hours claimed by an applicant shall be submitted on forms prescribed by the board. Such hours cannot be obtained in less than twenty-four months, and education hours cannot be substituted for experience.

(4) The equivalent of fifteen classroom hours of continuing education instruction is required for each year in which a residential real estate appraiser license is issued.

(5) Effective January 1, 2008, the minimum education, examination, and experience requirements for a certified residential real estate appraiser license shall be those mandated by the federal Appraiser Qualifications Board (AQB) and published in the 2006 Real Property Appraiser Qualification Criteria or any subsequent amendments and regulations issued pursuant thereto.

D.(1) All applicants for a certified general real estate appraiser license shall be subject to the following:

(a) The competency provision of the Uniform Standards of Professional Appraisal Practice (USPAP).

(b) Successful completion of the Uniform State Certified General Real Property Appraiser Examination, or its equivalent. There is no alternative to successful completion of the examination.

(c) As a prerequisite to taking the required examination, successful completion of one hundred eighty classroom hours, or its equivalent, in real estate appraisal-related subjects that include the fifteen-hour National USPAP Course, or its equivalent, and successful passage of a final examination.

(d) Presentation of evidence satisfactory to the board that the applicant has completed a minimum of three thousand hours of real property appraisal experience.

(2) Proof of hours of experience claimed by the applicant shall not be submitted until such time that the applicant has passed the Uniform State Certified General Real Property Appraiser Examination, or its equivalent.

(3) Proof of hours of experience claimed by an applicant shall be submitted on forms prescribed by the board, and such hours cannot be obtained in less than thirty-six months. Education hours cannot be substituted for experience.

(4) The equivalent of fifteen classroom hours of continuing education instruction is required for each year in which a general real estate appraiser license is issued.

(5) Effective January 1, 2008, the minimum education, examination, and experience requirements for a certified general real estate appraiser license shall be those mandated by the federal Appraiser Qualifications Board (AQB) and published in the 2006 Real Property Appraiser Qualification Criteria or any subsequent amendments and regulations issued pursuant thereto.

Acts 1987, No. 472, §1; Acts 1993, No. 949, §1; Acts 1995, No. 690, §2; Acts 2003, No. 341, §1; Acts 2006, No. 389, §1; Acts 2012, No. 429, §1, eff. May 31, 2012.