|
Senate Engrossed
real estate appraisers; licensure classifications. |
|
State of Arizona Senate Fifty-sixth Legislature First Regular Session 2023
|
|
CHAPTER 65
|
|
SENATE BILL 1168 |
|
|
An Act
amending section 32-3612, Arizona Revised Statutes; relating to real estate appraisers.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 32-3612, Arizona Revised Statutes, is amended to read:
32-3612. Classifications of licensure, registration and certification
The following classifications are established:
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 one million dollars $1,000,000 and complex one to four residential units having a value of less than two hundred fifty thousand dollars $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.
APPROVED BY THE GOVERNOR APRIL 18, 2023.
FILED IN THE OFFICE OF THE SECRETARY OF STATE APRIL 18, 2023.