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 of the appraisal;
   2. (B) Location/identification of the property appraised;
   3. (C) Client’s name;
   4. (D) Appraiser(s) involved in the appraisal;
   5. (E) Property type; and
   6. (F) Appraised value.
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: section 339.509, RSMo (1994).* 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.

*Original authority 1990.