PURPOSE: This rule mandates that licensees shall maintain a summarized listing of all real estate appraisal reports handled by the appraiser and make the listing available for commission inspection at all reasonable times.

1. (1) Every licensee shall maintain a summarized listing of the real estate appraisal assignments which the licensee is required to retain under section 339.537, RSMo. This summarized listing shall include, at a minimum, the following information:

   1. (A) Date the appraisal report is signed;
   2. (B) Specific location or address of the property appraised;
   3. (C) Client’s name;
   4. (D) Appraiser(s) involved in the appraisal;
   5. (E) Property type;
   6. (F) Appraised value; and
   7. (G) Type of form used, if any.
2. (2) The records shall be made available for inspection by the commission and its authorized agents at all times during usual business hours at the licensee’s regular place of business.

AUTHORITY: sections 339.509 and 339.537, RSMo 2016.* This rule originally filed as 4 CSR 245-2.050. Original rule filed Sept. 12, 1996, effective March 30, 1997. Moved to 20 CSR 2245-2.050, effective Aug. 28, 2006. Amended: Filed Nov. 21, 2006, effective July 30, 2007. Amended: Filed Oct. 30, 2007, effective April 30, 2008. Amended: Filed Nov. 9, 2017, effective May 30, 2018. *Original authority: 339.509, RSMo 1990, amended 1998, 2012 and 339.537, RSMo 1990, amended 2003, 2012.