Any employee or independent contractor appraiser of an appraisal management company that performs the act or process of developing and communicating a reviewer’s own opinion of value as part of an appraisal review for a property located in this state:

1. (1) Must be licensed or certified in this state pursuant to ORS 674.100; and
2. (2) Must comply with the appraisal review provisions of the Uniform Standards of Professional Appraisal Practice.

Statutory/Other Authority

ORS 183.355, 674.305 & 674.310

Statutes/Other Implemented

ORS 674.305(7), 674.310(2), 674.205, 674.215, 674.230, 674.245 & 674.250

History

ACLB 1-2012, f. 7-2-12, cert. ef. 7-3-12