24.207.509    QUALIFYING EXPERIENCE

(1) Timber and mineral valuations shall not qualify as real estate appraisal experience, unless performed in conjunction with a real estate appraisal assignment involving real property.

(2) The board will use the following maximum hourly credit as a guide toward the crediting of experience hours:

(a) single unit residential (one unit dwelling)

(i) appraisal report 12

(ii) restricted appraisal report 12

(b) multiunit residential (two to four units)

(i) appraisal report 20

(ii) restricted appraisal report 20

(c) residential vacant land less than ten acres

(i) appraisal report 8

(ii) restricted appraisal report 8

(d) individual residential subdivision sites (per site)

(not to exceed 20 hours - two sites per subdivision)

(i) appraisal report 5

(ii) restricted appraisal report 5

(e) land (undeveloped nonresidential tracts,

residential multifamily sites, commercial sites,

industrial sites, land in transition, etc.)

(i) appraisal report 25

(ii) restricted appraisal report 25

(f) rural, agricultural, or residential ten to 160 acres

(i) appraisal report 25

(ii) restricted appraisal report 25

(g) rural, agricultural, or residential 161 to 2000 acres

(i) appraisal report 30

(ii) restricted appraisal report 30

(h) agricultural in excess of 2000 acres

(i) appraisal report 40

(ii) restricted appraisal report 40

(i) rural, agricultural, or residential 160 to 1000 acres with

improvements

(i) appraisal report 50

(ii) restricted appraisal report 50

(j) rural, agricultural, or residential over 1000 acres with

improvements

(i) appraisal report 60

(ii) restricted appraisal report 60

(k) residential multifamily (5-12 units) (apartments,

condominiums, townhouses, mobile home parks, etc.)

(i) appraisal report 35

(ii) restricted appraisal report 35

(l) residential multifamily (13+ units) (apartments,

condominiums, townhouses, mobile home parks, etc.)

(i) appraisal report 60

(ii) restricted appraisal report 60

(m) commercial single tenant (office building, retail store,

restaurant, service station, bank, day care center, etc.)

(i) appraisal report 40

(ii) restricted appraisal report 40

(n) commercial multitenant (office building,

shopping center, hotel, etc.)

(i) appraisal report 60

(ii) restricted appraisal report 60

(o) industrial (warehouse, manufacturing plant, etc.)

(i) appraisal report 70

(ii) restricted appraisal report 70

(p) institutional (nursing home, hospital, school, church,

government building, etc.)

(i) appraisal report 70

(ii) restricted appraisal report 70

(3) Appraisal review reports that do not contain the reviewer's opinion of value will be allowed a maximum one-third of the allotted time found in (2).

(4) The board may provide a variance from the hourly standards provided in (2) and (3). To be considered for such a variance, an applicant must submit a written request for a variance supported by documentation, which demonstrates the need for additional credit hours.

 

History: 37-1-131, 37-54-105, 37-54-303, MCA; IMP, 37-1-131, 37-54-105, 37-54-202, 37-54-303, MCA; NEW, 1997 MAR p. 308, Eff. 2/11/97; AMD, 2000 MAR p. 3521, Eff. 12/22/00; TRANS, from Commerce, 2001 MAR p. 1331; AMD, 2002 MAR p. 911, Eff. 3/29/02; AMD, 2003 MAR p. 110, Eff. 1/31/03; AMD, 2006 MAR p. 919, Eff. 3/24/06; AMD, 2007 MAR p. 472, Eff. 4/13/07; AMD, 2008 MAR p. 2272, Eff. 10/24/08; AMD, 2011 MAR p. 577, Eff. 4/15/11; AMD, 2014 MAR p. 3064, Eff. 12/25/14; AMD, 2016 MAR p. 217, Eff. 2/6/16; AMD, 2019 MAR p. 53, Eff. 1/12/19.