Professions and Occupationss

The Appraiser Trainee shall be entitled to obtain copies of all appraisal reports that they assisted in preparing with the Certified Supervisory Appraiser. The Certified Supervisory Appraiser shall keep copies of all such appraisal reports for a period of at least five years or f…

There is no examination requirement for the Appraiser Trainee Permit. Notes 30 Miss. Code. R. 1501-11.4 Miss. Code Ann. §§ 73-34-9(1)(c), 73-34-59 Amended 10/28/2015 Amended 1/10/2020

1. As a prerequisite to application for an Appraiser Trainee permit, an applicant must have completed all education requirements established by the AQB, including successful passage of the appropriate end-of-course examinations in all prerequisite qualifying education courses. Ap…

1. The Appraiser Trainee shall be subject to the direct supervision of a State Certified Supervisory Appraiser who shall be state certified, in good standing and subject to the Board's approval. No experience may be gained by the Appraiser Trainee unless the Board has approved th…

An Appraiser Trainee shall be required to obtain: 1. At least fourteen (14) hours of elective continuing education per year. In addition, a seven (7) hour USPAP up-date course must be taken within a two-year period. 2. A classroom hour is defined as sixty (60) minutes, of which a…

1. Certified Supervisory Appraisers shall be responsible for the training, guidance and the direct supervision of the Appraiser Trainee by: (a) Accepting all responsibility for the appraisal and the report by signing and certifying that the report is in compliance with the Unifor…

1. The Board may commence an investigation upon receipt of information indicating that a credentialed appraiser may have committed a violation of the Board's laws or regulations as set forth under Mississippi Code 73-34-35 (1972, as amended), or on its own initiative (complaint).…

1. Each applicant for a credential as a Licensed real estate appraiser, Certified Residential real estate appraiser, or Certified General real estate appraiser must meet all experience requirements established by the AQB. (a) Acceptable appraisal experience includes the following…

State, county or municipal public officers, or their salaried employees while performing their duties as mass appraisers, may satisfy the appraisal experience requirement under this rule by submitting a signed/notarized affidavit from the supervising tax assessor or other appropr…

1. An applicant for a State Certified General real estate appraiser credential must provide evidence satisfactory to the Board that the applicant has completed the minimum number of hours of appraisal experience over the minimum period of time as established by the AQB. Experienc…

An applicant for a State Certified Residential real estate appraiser credential must provide satisfactory evidence to the Board that the applicant has completed the minimum number of hours of appraisal experience over the minimum period of time as established by the AQB. The expe…

An applicant for a Licensed real estate appraiser credential must provide evidence satisfactory to the Board that the applicant has completed the minimum number of hours of appraisal experience over the minimum period of time as established by the AQB. The experience hours for th…

Appraiser Trainee experience hours which have been documented and verified by a Certified Supervisory Appraiser can be included as appraisal experience for either a State Certified General credential or a State Certified Residential credential. The verified experience work-hours …

A non-complex appraisal is one having the following characteristics; 1. there is an active market of essentially identical properties; 2. adequate data is an available to the appraiser 3. adjustments to comparable sales are not large in the aggregate, specifically not exceeding t…

A complex appraisal is one that relies to any significant degree on all three (3) approaches to value (cost, sales comparison and income approaches) or is an appraisal that has at least one of the following characteristics: 1. There is not an active market of properties similar t…

Each signer (co-author) of an appraisal report who is accepting responsibility for the report shall be awarded (experience) credit for the appraisal based on the actual number of documentable (work) hours that each appraiser contributed to the report as identified and indicated i…

All appraisals submitted or claimed for experience credit are subject of verification and authentication by the Board. Applicants may not claim experience credit for appraisals which are not supported by written reports or file memoranda or which were performed by the applicant a…

1. Qualifying Education: Applicants for the Licensed Real Estate Appraiser credential must meet all education requirements established by the AQB. 2. Experience: Applicants for the Licensed Real Estate Appraiser credential must meet all experience requirements established by the …

1. Qualifying Education: Applicants for the State Certified Residential real estate appraiser credential must meet all education requirements established by the AQB. 2. Appraisers holding a State Certified General real estate appraiser credential satisfy the educational requireme…

1. Education: All applicants for a State Certified General real estate appraiser credential must meet all education requirements as established by the AQB. ** Note: The Mississippi Appraisal Board requires all individuals who apply for the State Certified General real estate appr…

The Board shall collect the following application/licensing fees : i. Application/State Exam $225.00 ii. Applications for Appraiser Trainee $ 50.00 iii. Applications pursuant Rule 9 (Licensees of Other State) $ 50.00 iv. Applications pursuant Rule 6 (Temporary Privilege) Temporar…

After passing both portions of the examination(s), an applicant must pay, within one hundred eighty (180) days from the examination date, the necessary fees to have their credential issued. If the appropriate fees are not paid within the stated 180 day time period, or unless exte…

The Mississippi Real Estate Appraiser Licensing and Certification Board shall elect a chairman and a vice-chairman who will serve in the absence of the chairman or at the discretion of the chairman. The election of officers shall be held annually in December. In the event of a va…

As a prerequisite to renewal of license, an active status licensed or certified appraiser whose license was issued or renewed prior to January 1, 1998 shall present evidence satisfactory to the Board that such appraiser has obtained twenty (20) hours of Board approved continuing …

1. Any course, which meets the educational requirements for licensing as set forth in Section 73-34 of the Mississippi Code of 1972, Annotated and the Administrative Rules and Regulations of the Mississippi Real Estate Appraiser Licensing and Certification Act, is deemed to be an…

1. Definitions: A provider is any person, partnership association, corporation, educational organization, or other entity which sponsors, offers, organized provides or promotes real estate appraiser continuing education courses. An instructor is a person who delivers educational …

1. A proposed continuing education course shall be an educational process or program which is related to real property appraisal theory, practices or techniques. Credit may be granted for educational offerings designed to maintain and increase the appraiser's skill, knowledge and…

Credit may also be awarded for up to one-half (1/2) of an individual(s) required continuing education in a "CE Cycle" for participation, other than as a student, in appraisal educational processes and programs. Examples of activities for which credit may be granted are teaching p…

The education and/or experience of the instructor must be appropriate to teach the subject matter of approved course. Notes 30 Miss. Code. R. 1501-5.6 Miss. Code Ann. §§ 73-34-9(1)(i), 73-34-33 Amended 10/28/2015 Amended 1/10/2020

1. Providers of continuing education courses shall furnish the Board with a class roster listing each attendee, in alphabetical order, within thirty (30) days of the completion of each course. 2. Providers will utilize a three-part certificate or its equivalent for the purpose of…

A real estate appraiser who is on active status and in good standing in a state other than Mississippi and who is Licensed or Certified by the appraiser licensing or certifying agency in such state may apply to receive temporary licensing or certification privileges in Mississipp…

1. Each appraisal assignment will require a temporary permit and no more than two (2) permits will be granted in a twelve (12) month period. 2. Licensing and certification privileges shall expire six (6) months from the date of issuance or upon the expiration of the appraiser's r…

The Board shall refer to the appraiser licensing or certifying agency in the registrant's resident state any verified complaint filed against the registrant alleging that the registrant has engaged in conduct violative of the Mississippi Real Estate Appraiser Licensing and Certif…

The Appraisal Subcommittee requires that each state submit a roster of individuals who have been Licensed or Certified. The annual registry fee which must be collected from each licensee is $40.00. This fee must be paid to the Board, upon notification, and within the deadline pro…

1. When a real estate appraisal is prepared by a real estate appraiser Licensed pursuant to § 73-34-17 of the Mississippi Real Estate Appraiser Licensing and Certification Act, the appraisal cannot become certified unless co-signed (co-authored) by a State Certified Residential r…

All appraisals prepared in connection with federally related transactions must be written appraisals. Notes 30 Miss. Code. R. 1501-8.2 Miss. Code Ann. §§ 73-34-9 Amended 10/28/2015 Amended 1/10/2020

A real estate appraiser who is currently Licensed or State Certified by the appraiser licensing or certifying agency in a state other than Mississippi, Territory or District of Columbia may apply and be granted an appraiser license or certification by Mississippi that is equivale…

As used in these rules, the following words and terms shall have the following meaning: 1. "AMC National Registry" means the national registry maintained by the ASC (Appraisal Subcommittee) of those Appraisal Management Companies (AMCs) that meet the federal definition of AMC, as…

1. Each Certificate of Registration issued by the MAB shall indicate on its face in clear and concise language the following information: (a) The name of the holder; (b) The Certificate of Registration number; (c) The dates of issuance and expiration of the document; and (d) Shal…

It shall be a violation of Sections 73-34-101 through 73-34-131 of the Board's laws for any employee, partner, director, officer or agent of an AMC to: 1. Influence or attempt to influence the development, reporting, result or review of an appraisal through coercion, extortion, c…

1. Notice. (a) Notwithstanding any provision of Miss. Code Ann. § 73-34-129, an AMC may not remove an appraiser from its appraiser panel, or otherwise refuse to assign requests for real estate appraisal services to an appraiser without written notice to the appraiser stating the …

1. An applicant for a Certificate of Registration as an Appraisal Management Company (AMC) shall apply by submitting a written application on the Board's prescribed form and shall be subject to approval by the Board. Applicant shall fully and accurately report all information and…

1. Each AMC applying for registration shall designate one (1) controlling person who is an employee of the AMC as its Designated Officer. The Designated Officer shall be the AMC's designated contact for all communications between the Board and the AMC. 2. The Designated Officer s…

1. Certificates of Registration may be renewed for a period of one (1) year. 2. To obtain renewal of any registration, the holder of a current, valid registration shall file an application for renewal on the Board's prescribed form no earlier than one hundred twenty (120) days no…

1. The fees required of all AMCs for initial registration or renewing a registration under the Mississippi Appraisal Management Registration Act are set forth below. 2. The MAB shall charge and collect fees as follows: (a) Certificate of Registration (Initial Registration and Ren…

1. All applicants for and holders of an AMC Certificate of Registration and their Designated Officer shall, within ten (10) days, submit written notice to MAB of any change to the following: (a) Name; (b) Residence address; (c) Business name; (d) Business address, (e) Business te…

1. Each owner of more than ten percent (10%) of an AMC shall be of good moral character as determined by the MAB pursuant to Miss. Code Ann. § 73-34-109(b), and shall submit to a background investigation authorized by the Board. 2. Background investigations shall be conducted by …