(a) Reciprocity.
- (1) A nonresident appraiser planning to develop an appraisal assignment in Arkansas for a federally related transaction must first apply for a state license or certification.
- (2) In the case of a nonfederally related transaction, the appraiser shall apply to be registered, licensed, or certified in advance of initiating the appraisal assignment as a nonresident appraiser.
- (3) Only nonresident licensed or certified appraisers may apply for reciprocity.
- (4) Nonresident appraisers applying for state-registered appraiser or registered apprentice appraiser status shall, in addition to meeting the same requirements and utilizing the same forms as those required for Arkansas residents, include a notarized Consent for Service of Legal Process affidavit.
- (5) Reciprocity may be obtained by nonresidents of this state through recognition of another jurisdiction’s program of licensing and certification in accordance with Arkansas Code § 17-14-306.
(6) A person licensed or certified as a real property appraiser by another jurisdiction may register with the State Board of Appraisers, Abstracters, and Home Inspectors to qualify to appraise real property in Arkansas if:
- (A) The reciprocal applicant is currently in good standing as an appraiser in every jurisdiction where he or she is credentialed as verified through the national registry; and
- (B) The applicant’s background meets the board’s qualifications.
(7) A person wishing to be credentialed under this section must:
- (A) Submit an application for a reciprocal credential;
- (B) Submit an irrevocable consent to service of process in this state;
- (C) Pay the required fees;
- (D) Submit to the board’s criminal background check requirements under 17 CAR § 200-207; and
- (E) Provide all supporting documentation or information requested by the board in connection with the application for reciprocity.
- (8) Once an application for reciprocity has been approved, the individual credential holder will be held to the same laws, rules, and standards of a resident appraiser for the individual’s credential level.
- (9) An individual who obtains an Arkansas credential through reciprocity is subject to the same renewal requirements as listed in 17 CAR § 200-215 for the individual’s credential level.
(b) Temporary practice permit.
- (1) Temporary practice permits may be obtained by nonresidents of this state through recognition of another jurisdiction’s program of licensing and certification in accordance with Arkansas Code § 17-14-306.
- (2) Temporary practice permits are issued on an assignment basis, with a term not to exceed six (6) months from the date of issuance.
- (3) Only licensed or certified appraisers qualify for a temporary practice permit.
(4) A person licensed or certified as a real property appraiser by another jurisdiction may register with the board to qualify to appraise real property in Arkansas if:
- (A) The appraiser’s business in Arkansas is of a temporary nature not to exceed six (6) months; and
- (B) The temporary practice permit applicant is currently in good standing as an appraiser in every jurisdiction where he or she is credentialed as verified through the national registry.
(5) A person wishing to be credentialed under this section must:
- (A) Submit an application for a temporary practice permit;
- (B) Submit an irrevocable consent to service of process in this state;
- (C) Pay the required fees; and
- (D) Provide all supporting documentation or information requested by the board in connection with the application for a permit.
(6)
- (A) The term of a temporary practice permit shall extend for the duration of the particular assignment.
- (B) If the assignment is not completed within six (6) months, the appraiser may apply for an extension to the original expiration date of the permit, provided the appraiser:
(i) Is continuing the same appraisal assignment listed on the original application for a temporary practice permit; and
(ii) Requests an extension on a form approved by the board before the expiration of the current temporary practice permit.
(C) Court testimony following the completion of an assignment performed by a nonresident appraiser holding a temporary practice permit shall not require an extension or issuance of an additional permit.
- (c) Transfer of licensed or certified credential.
(1) A person licensed or certified as a real property appraiser from another jurisdiction moving his or her residence to the State of Arkansas may apply with the board to transfer his or her appraiser credential if:
- (A) The applicant is in good standing as an appraiser in every jurisdiction where he or she is credentialed as verified through the national registry; and
- (B) The applicant’s background meets the board’s qualifications.
(2) A person wishing to be credentialed under this section must:
- (A) Submit a transfer application;
- (B) Submit a completion certificate indicating the most recent USPAP class completed;
- (C) Pay the required fees; and
- (D) Provide all supporting documentation or information requested by the board in connection with the application to transfer.
- (3) Once an application for transfer has been approved, the individual credential holder will be held to the same laws, rules, and standards of a resident appraiser for the individual’s credential level.
- (4) An individual who obtains an Arkansas credential through licensure transfer is subject to the same renewal requirements as listed in 17 CAR § 200-215 for the individual’s credential level.