A. A registered trainee appraiser or a state-licensed or state-certified appraiser shall comply with the standards of professional appraisal practice.
Terms Used In Arizona Laws 32-3635
- Appraisal: A determination of property value.
- Appraisal report: means any communication, written or oral, of an appraisal. See Arizona Laws 32-3601
- Appraisal review: means the act of reviewing or the report that follows a review of an appraisal assignment or appraisal report in which a real estate appraiser forms an opinion as to the adequacy and appropriateness of the report being reviewed. See Arizona Laws 32-3601
- Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
- Real estate: means an identified parcel or tract of land, including improvements, if any. See Arizona Laws 32-3601
- Registered trainee appraiser: means a person who meets both of the following requirements:
(a) Is registered with the superintendent and meets the appraiser qualifications board's qualifications for trainee appraisers to perform appraisal services only under the direct supervision of a certified appraiser who has met the minimum criteria to be a supervisory appraiser. See Arizona Laws 32-3601
- Standards of professional appraisal practice: means the uniform standards of professional appraisal practice promulgated by the appraisal standards board of the appraisal foundation. See Arizona Laws 32-3601
- State-licensed or state-certified appraiser: means a person who develops and communicates appraisals and who holds a current, valid license or certificate issued under this chapter. See Arizona Laws 32-3601
- Writing: includes printing. See Arizona Laws 1-215
B. An appraisal or appraisal report shall not be issued by a real estate appraiser unless it meets the appraisal standards established by this chapter and rules adopted pursuant to this chapter.
C. An appraisal review report shall clearly indicate the nature of the review process undertaken and shall separate the review function from any other functions.
D. All federally related appraisals shall be in writing.
E. Failure to pay the fees and expenses authorized by section 32-3632, subsection B is unprofessional conduct as defined by the uniform standards of professional appraisal practice.