Arizona Laws 32-3612. Classifications of licensure, registration and certification
The following classifications are established:
Terms Used In Arizona Laws 32-3612
- Appraisal: A determination of property value.
- 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
- Complex one to four residential units: means property that is atypical for the marketplace. See Arizona Laws 32-3601
- Property: includes both real and personal property. 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 deputy director 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
- Supervisory appraiser: means a state-certified appraiser who has a supervisory appraiser designation and who:
(a) Has been in good standing for the last three years in the jurisdiction in which the registered trainee appraiser practices. See Arizona Laws 32-3601
- Value: means the monetary relationship between properties and those who buy, sell or use those properties. See Arizona Laws 32-3601
1. State-certified general real estate appraisers consisting of those persons meeting the requirements for certification relating to the appraisal or appraisal review of all types of real property.
2. State-certified residential real estate appraisers consisting of those persons meeting the requirements for certification relating to the appraisal or appraisal review of one to four residential units without regard to value or complexity. The classification includes the appraisal for federally and nonfederally related transactions of vacant or unimproved land that is used for one to four family purposes or for which the highest and best use is for one to four family purposes. This classification does not include the appraisal of a subdivision for which a development analysis or appraisal is necessary.
3. State-licensed real estate appraisers consisting of those persons meeting the requirements for licensing relating to appraisal or appraisal review of noncomplex one to four residential units having a value of less than $1,000,000 and complex one to four residential units having a value of less than $400,000. The classification includes the appraisal for nonfederally related transactions of vacant or unimproved land that is used for one to four family purposes or for which the highest and best use is for one to four family purposes. This classification does not include the appraisal of subdivisions for which a development analysis or appraisal is necessary.
4. Registered trainee appraisers who may not appraise any property type without being subject to the direct control and supervision of the registered trainee appraiser‘s designated supervisory appraiser.
5. Supervisory appraisers.