§ 37:3399 — Practical Applications of Real Estate Appraisal (PAREA); legislative intent;

Louisiana § 37:3399

• Jurisdiction: Louisiana
• Title 37: Professions and Occupations

Text

§3399. Practical Applications of Real Estate Appraisal (PAREA); legislative intent;
licensure
A.(1) The legislature hereby recognizes the present shortage and declining number
of registered and licensed appraisers in Louisiana and hereby declares its intent to reduce any
unnecessary barriers to licensure as a real property appraiser, including but not limited to the
practical barriers caused by the related shortage of supervisory appraisers in the state.
(2) Further, the legislature recognizes that the AQB has created and authorized
implementation of Practical Applications of Real Estate Appraisal (PAREA) training
programs, which shall utilize simulated experience training to provide an alternative path to
licensure as a real property appraiser without the necessity of obtaining experience or
supervision directly from a supervisory appraiser.
B.(1) Accordingly, nothing in this Chapter shall be construed to prohibit an applicant
from submitting an official PAREA program completion certificate to evidence satisfactory
completion of all experience necessary for licensure as either a licensed residential appraiser
or a certified residential appraiser in accordance with the qualifications required by the Real
Property Appraiser Qualification Criteria.
(2) An applicant who has fully completed an authorized PAREA program shall apply
for licensure either as a licensed residential appraiser or as a certified residential appraiser
on a form prescribed by the board and obtain board approval of the application prior to
conducting appraisal activity in this state.

Legislative History

Acts 2022, No. 547, §1, eff. June 17, 2022.