§ 34-27A-9 — Classes of Appraisers

Alabama § 34-27A-9

• Jurisdiction: Alabama
• Title 34: Professions and Businesses
• Ch. 27A: Real Estate Appraisers

Text

(a) There shall be five classes of real estate appraisers licensed by the board. The classes may be revised or other classes added if necessary to conform in all respects with the Financial Institutions Reform, Recovery and Enforcement Act of 1989, Pub.L. No. 101-73 (FIRREA), and any subsequent amendments and regulations issued pursuant thereto. The board shall make any revisions to the class titles or requirements for licensure by rules adopted in compliance with the Alabama Administrative Procedure Act, Chapter 22 of Title 41, and Section 34-27A-5. All persons in all classes licensed by the board are subject to the Competency Provision of the Uniform Standards of Professional Appraisal Practice.
(1) The “trainee real property appraiser” classification applies to a person whose scope of practice is the appraisal of those properties which the supervising appraiser is permitted to appraise.
(2) The “state registered real property appraisers” classification applies to those individuals licensed by the board as being qualified to perform real estate appraisals on nonfederally-related properties including any of the following:
a. Complex appraisals of 1 to 4 unit nonfederally-related residential properties having a transaction value of two hundred fifty thousand dollars ($250,000) or less and other nonresidential properties having a transaction value of two hundred fifty thousand dollars ($250,000) or less.
b. Noncomplex appraisals of 1 to 4 unit nonfederally-related residential properties having a transaction value of one million dollars ($1,000,000) or less.
c. This classification does not include the appraisal of subdivisions wherein a development analysis or appraisal is necessary and utilized.
d. All state registered real property appraisers shall comply with the Competency Provision of the Uniform Standards of Professional Appraisal Practice.
(3) The “licensed real property appraiser” classification applies to the appraisal of non-complex, one to four residential units having a transaction value less than one million dollars ($1,000,000) and other types of real estate including complex, one to four residential units having a transaction value less than two hundred fifty thousand dollars ($250,000).
(4) The “certified residential real property appraiser” classification applies to the appraisal of one to four residential units without regard to transaction value or complexity and appraisals of other types of real estate having a transaction value of two hundred fifty thousand dollars ($250,000) or less.
(5) The “certified general real property appraiser” classification applies to the appraisal of all types of real property regardless of complexity or transaction value.
(b) The application for original licensure, renewal licensure, and examination shall specify the classification of licensure being applied for and the licensure previously granted.
(c) A holder of a license issued prior to June 1, 1994, under Section 34-27A-7 who does not submit proof of required appraisal education and experience upon renewal shall be issued a license for the appraiser classification for which he or she meets the requirements and shall not be required to take or pass a written examination for the issuance of a registered real property appraiser license pursuant to this section.

Legislative History

(Acts 1990, No. 90-639, p. 1175, §9; Acts 1994, No. 94-117, p. 128, §1; Acts 1995, No. 95-308, p. 560, §1.)