§ 37:3397 — License and registration classifications; criteria

Louisiana § 37:3397

• Jurisdiction: Louisiana
• Title 37: Professions and Occupations

Text

§3397. License and registration classifications; criteria
A.(1) There are three classes of licenses for real estate appraisers:
(a) Licensed residential appraiser.
(b) Certified residential appraiser.
(c) Certified general appraiser.
(2) The license classes enumerated in Paragraph (1) of this Subsection shall conform
in all respects with the Financial Institutions Reform, Recovery and Enforcement Act of
1989, P.L. 101-73, and any subsequent amendments and regulations issued pursuant thereto.
B. There are two classes of registrations for real estate appraisers:
(1) Trainee appraiser.
(2) Supervisory appraiser.
C.(1) A supervisory appraiser and a trainee appraiser shall each maintain an appraisal
experience log and shall be independently obligated to ensure the appraisal experience log
is accurate, current, and complies with the provisions of this Chapter. At a minimum, the
appraisal log shall include the following:
(a) Type of property.
(b) Date of report.
(c) Address of appraised property.
(d) Description of work performed by the trainee appraiser and scope of the review
and supervision of the supervisory appraiser.
(e) Number of actual work hours by the trainee appraiser on the assignment.
(f) The signature and state certification number of the supervisory appraiser.
Separate appraisal logs shall be maintained for each supervisory appraiser if applicable.
(2) Prior to applying for registration with the board, a trainee appraiser or supervisory
appraiser shall meet the minimum qualifications required under this Chapter and the Real
Property Appraiser Qualification Criteria including but not limited to satisfactory completion
or submission of the following:
(a) A course that complies, at a minimum, with the specifications of course content
established by the AQB, including submission of an official course completion certificate to
the board. The course shall be oriented toward the requirements and responsibilities of
supervisory and trainee appraisers.
(b) The registration form that is prescribed by the board.
(3) The trainee appraiser shall be entitled to obtain copies of appraisal reports that
he prepared in full or in part. The supervisory appraiser shall keep copies of the trainee
appraisal reports prepared by the trainee appraiser for a period of at least five years.

Legislative History

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; Acts 2014, No. 213, §§1, 2; Acts 2016, No. 259, §1; Acts 2022, No. 547, §1, eff. June 17, 2022.