1. (a) An applicant for a reciprocal license shall hold a valid credential from a state that is in compliance with Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 as determined by the Appraisal Subcommittee. The credentialing requirements of the applicant's credentialing state (as the requirements exist at the time of application for reciprocal license) must meet or exceed those of BREA (as the requirements exist at the time of application for reciprocal credential).

2. (b) Applicants for a reciprocal license shall complete and submit the following:

   1. (1) Application for Reciprocal License Form REA 3025 (Rev. 01/01/2021) and form REA 3006 (Rev. 04/01/2020); and
   2. (2) Evidence that the applicant holds a valid credential from another state;
3. (c) A reciprocal licensee shall comply with all statutes and rules governing licensed appraisers in California.

Note: Authority cited: Sections 114.5, 115.5, 135.4, 11313, 11314, 11340 and 11350, Business and Professions Code. Reference: Sections 30, 135.4, 11341 and 11350, Business and Professions Code; and Sections 11361.5 and 11361.7, Health and Safety Code.

History

1. Renumbering and amendment of section heading and former section 3524 to new section 3569 filed 11-1-96; operative 11-1-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 44). For prior history, see Register 94, No. 23.

2. Amendment of section heading, section and Note filed 11-2-99; operative 12-2-99 (Register 99, No. 45).

3. Change without regulatory effect amending subsection (e)(1) filed 9-18-2000 pursuant to section 100, title 1, California Code of Regulations (Register 2000, No. 38).

4. Amendment of subsection (e)(1) filed 8-24-2010; operative 9-23-2010 (Register 2010, No. 35).

5. Change without regulatory effect amending section filed 2-11-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 7).

6. Amendment filed 8-29-2016; operative 10-1-2016 (Register 2016, No. 36).

7. Amendment of subsection (b)(1) and Note filed 3-22-2018; operative 7-1-2018 (Register 2018, No. 12).

8. Amendment of subsection (b)(1) filed 6-27-2019; operative 10-1-2019 (Register 2019, No. 26).

9. Change without regulatory effect amending subsection (b)(1) filed 8-25-2020 pursuant to section 100, title 1, California Code of Regulations (Register 2020, No. 35).

10. Change without regulatory effect amending subsection (b)(1) and amending Note filed 3-8-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 11).