Maine Revised Statutes

§14036. Certified residential real property appraiser

1. Scope of license.  A certified residential real property appraiser license entitles the holder to appraise residential real estate or real property of one to 4 residential units, without regard to value or complexity and to appraise vacant or unimproved land that is to be used for one to 4 family units or for which the highest and best use is for one to 4 family units. A certified residential real property appraiser license does not entitle the holder to appraise subdivisions for which a development analysis and appraisal is necessary.
[ 2005, c. 518, §7 (NEW) .]
2. Professional qualifications.  An applicant for a certified residential real property appraiser license must meet the licensing requirements established by the appraiser qualifications board. As a prerequisite to taking the examination required by section 14036-A, an applicant must:
A. Hold a bachelor's or higher degree from an accredited college or university;
[2013, c. 547, §8 (AMD); 2013, c. 547, §19 (AFF).]
B. Satisfactorily complete 200 creditable class hours as specified in the appraiser qualifications board's required core curriculum, which must include the 15-hour national uniform standards of professional appraisal practice course and examination; and [2013, c. 547, §8 (AMD); 2013, c. 547, §19 (AFF).]
C. [2013, c. 547, §19 (AFF); 2013, c. 547, §8 (RP).]
D. Hold a valid license under this chapter and demonstrate 2,500 hours of appraisal experience obtained during no fewer than 24 months, including complex residential property appraisals completed under the supervision of a certified residential real property appraiser or a certified general real property appraiser under section 14035. [2009, c. 112, Pt. A, §22 (AMD).]
[ 2013, c. 547, §8 (AMD); 2013, c. 547, §19 (AFF) .]
3. Effective date. 
[ 2013, c. 547, §19 (AFF); 2013, c. 547, §9 (RP) .]
SECTION HISTORY
2005, c. 518, §7 (NEW). 2009, c. 112, Pt. A, §22 (AMD). 2011, c. 286, Pt. L, §4 (AMD). 2013, c. 547, §§8, 9 (AMD). 2013, c. 547, §19 (AFF).