Only appraisers registered under ORS 308.010 shall appraise real property. If nonregistered appraisal assistants are utilized for gathering inventory data, it shall be only for gathering or recording factual inventory data or property characteristics. Any value estimates, or appraisal judgment decisions shall be made only by registered appraisers. Value estimates include lump sum dollar adjustments or percentage adjustments, depreciated replacement costs (DRC), land or site valuation. Judgment decisions include determination of quality class, quality adjustment, depreciation from all causes; or overimprovement or underimprovement and estimated market rent.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 308.231

History

Renumbered from 150-308.231, REV 57-2016, f. 8-13-16, cert. ef. 9-1-16
RD 8-1991, f. 12-30-91, cert. ef. 12-31-91
RD 6-1986, f. & cert. ef. 12-31-86