Oregon Administrative Code

161-020-0120 Continuing Education Course Content Guidelines This rule contains the course content guidelines which courses must satisfy in order to be approved under these rules as Continuing Education as defined in these rules: (1) General Guidelines: (a) The course must involve…

161-020-0130 Approval Requirements for Non Pre-Approved Courses for Qualifying and Continuing Education (1) The following courses are subject to the review and approval of the Administrator or designee and may be acceptable for approval as Qualifying Education and Continuing Educ…

161-020-0140 Asynchronous Courses (On-line/Compact Disc (CD)), Correspondence Courses and Video Remote TV Educational Offerings In order to be approved, the course must satisfy all criteria described in this rule and meet current requirements as defined by OAR 161-020-0110 and 16…

161-020-0150 Time Requirements for Qualifying Education and Continuing Education (1) Qualifying Education: There is no time limit regarding when qualifying education credit must be obtained, with the following exceptions: (a) For applicants applying for licensure or certification…

161-020-0160 Practical Applications of Real Estate Appraisal (PAREA) Practical Applications of Real Estate Appraisal (PAREA) programs approved by the AQB utilize simulated experience training, and serve as an alternative to the traditional Supervisor/Trainee experience model for …

161-025-0000 State Certified General Appraiser A State Certified General Appraiser (SCGA) is authorized to perform appraisals for all types of real property. Statutory/Other Authority: ORS 674.305(8) & 674.310 Statutes/Other Implemented: ORS 674.310 History: ACLB 4-2005, f. & cer…

161-025-0005 State Certified Residential Appraiser (1) A state certified residential appraiser (SCRA) is authorized to appraise: (a) All types of one-to-four family residential real property without regard to complexity or transaction value, which includes the appraisal of vacant…

161-025-0010 State Licensed Appraiser (1) A state licensed appraiser (SLA) is authorized to appraise: (a) Non-complex, one-to-four family residential units having a transaction value of less than $1,000,000; (b) Complex one-to-four family residential units having a transaction va…

161-025-0025 Supervising Appraiser (SA) To supervise Registered Appraiser Assistants, the supervising appraiser must be state-certified and in “good standing” for a period of at least 3 years. Supervising Appraisers shall not have been subject to any disciplinary action within an…

161-025-0030 Appraiser Assistant The appraiser assistant must register with the Board in order to receive experience credit towards obtaining a real estate appraiser license or certificate. (1) An appraiser assistant must work under the direct supervision of an Oregon certified a…

161-025-0040 Advertising Practices A licensee advertising through any media may be identified as a state certified general appraiser, state certified residential appraiser or state licensed appraiser by listing the appropriate designated licensed or certified status and the appra…

161-025-0050 Records and Appraisal Report Retention Requirements (1) Every state certified appraiser and every state licensed appraiser shall maintain and have custody of records of all real estate appraisal activity conducted by the appraiser or make appropriate work file retent…

161-025-0060 Appraisal Standards and USPAP (1) All licensees must develop and communicate each appraisal assignment in compliance with these administrative rules and USPAP. (2) A licensee employed by a group or organization that conducts itself in a manner that does not conform t…

161-030-0000 Criminal Background (1) For the purposes of this section, “Subject Individual” means: (a) Any licensee as defined in OAR 161-002-0000(22). (b) Any applicant for a certificate, or registration under ORS Chapter 674 or any applicant for renewal of a license, certificat…

161-040-0000 Inactive Status (1) A certified or licensed appraiser may, upon compliance with the provisions of this section, transfer his or her license or certificate from active to inactive status. (2) The appraiser shall submit a written request to the Board on a form prescrib…

161-050-0000 Temporary Non-Resident Registration of Out-of-State Appraisers (1) The Board will recognize temporarily the license or certificate of an appraiser issued by another state if: (a) The appraiser is a non-resident of Oregon; (b) The appraiser’s business is of a temporar…

161-050-0010 Grandfathering Not Permitted No applicant shall be deemed exempt from meeting the criteria established for licensing or certification, or be otherwise “grandfathered” into the Oregon appraiser licensing and certification system. Statutory/Other Authority: ORS 674.305…

161-050-0020 Discrimination (1) The Board shall implement the provisions of ORS Chapter 674 impartially and fairly without regard to an individual’s (or group’s) race, color, national origin, religion, disability, sex, sexual orientation, gender identity, age, marital status, vet…

161-050-0030 Display of Certificate or License Each licensee, and each appraiser assistant registered in this state (other than those of inactive status), shall display prominently, his or her license or certificate or registration in their principal place of business. Statutory/…

161-050-0040 Changes in Application/Renewal Information (1) Every licensee, registered appraiser assistant or applicant must notify the Board, in writing or by e-mail, of a change in any of the following information within ten business days of the change: (a) Name; (b) Business o…

161-500-0000 Definitions In addition to the definitions in ORS 674.200, and as used in OAR chapter 161 divisions 500 through 570, the following terms (whether capitalized or not) shall have the following meanings: (1) “Appraisal Report” has the same meaning as defined in OAR 161-…

161-510-0010 Fees The Board shall charge and collect the following non-refundable fees: (1) Application fee — $1,000; (2) Registration fee (two years) — $3,000; (3) Fee for Registration Renewed (two years) — $4,250; (4) Fee for Late Renewal — $1,000; (5) Fee for Duplicate Registr…

161-520-0005 Business Name Registrations Before conducting business in Oregon, the appraisal management company must be registered with the Oregon Secretary of State’s Corporation Division. For the purpose of this rule, “business name” means an assumed name or the name of a busin…

161-520-0010 Registration Requirements An appraisal management company applying for registration as an appraisal management company in Oregon shall submit to the Board all of the following: (1) A completed application form listing the information required by ORS 674.205 as follow…

161-520-0020 Appraiser Competency (1) A system to verify that each appraiser on the appraisal management company’s appraiser panel, shall meet the following minimum requirements: (a) An appraisal management company shall require that each independent contractor appraiser furnish …

161-520-0030 Renewal or Reactivation of Registration (1) An appraisal management company renewing a registration as an appraisal management company shall submit to the Board all of the following information: (a) A completed renewal application form listing the information require…

161-520-0035 Form of Application (1) All applications must be submitted as prescribed in OAR 161-520-0010 and 161-520-0030 on forms prescribed by the Board. (2) Where space does not permit, the applicant may attach appropriate addendum. All questions must be answered. All forms m…

161-520-0040 Change or Addition of Subject Individual An appraisal management company shall, within 30 business days, file with the Board, a notice of change or addition of a subject individual of the appraisal management company. Such notification shall be in writing on a form p…

161-520-0045 Change in Business Name An appraisal management company must submit to the Board a notice of business name change within thirty (30) calendar days of the change. Such notification shall be in writing on a form prescribed by the Board along with the following: (1) A c…

161-520-0050 Change of Individual Ownership An appraisal management company with a change of individual ownership greater than fifty (50) percent interest in the appraisal management company, shall submit to the Board a notice of change of ownership. Such notification shall be in…

161-520-0055 Change of Address (1) An appraisal management company must maintain on file with the Board a current physical and mailing address, and notify the Board within thirty (30) calendar days of any change in either the physical or mailing address. (2) A forwarding address …

161-520-0060 Termination or Cancellation of Surety Bond or Letter of Credit (1) If the surety bond or letter of credit maintained by an appraisal management company is terminated or cancelled, the appraisal management company shall file a replacement surety bond or letter of cred…

161-530-0010 Criminal Records Check (1) The Board shall conduct a criminal records check on a subject individual as a condition of issuing a registration as an appraisal management company, or when there is a change or addition of a subject individual of an appraisal management c…

161-530-0020 Background Check Authorizations and Fingerprint Card (1) The background check includes a criminal background check and a criminal records request as provided in OAR Chapter 161, Division 520. The subject individual must apply for the background check in writing on a …

161-530-0030 Potentially Disqualifying Crimes; Process (1) A “potentially disqualifying crime” means a crime that: (a) Reflects moral turpitude, or an act or conduct which would cause a reasonable person to have substantial doubts about the individual’s honesty, fairness and resp…

161-530-0040 Reporting Litigation Involving Subject Individuals (1) A subject individual is required to notify the Board of any of the following: (a) Any felony or misdemeanor conviction, including a no contest plea or bail forfeiture; (b) Any adverse decision or judgment resulti…

161-540-0010 Training (1) Appraisal management companies must provide specified training to employees who: (a) Select appraisers for an appraiser panel; (b) Select appraisers to perform real estate appraisal activity; or (c) Perform quality control examinations. (2) The specified…

161-550-0010 Annual Reports (1) An appraisal management company shall annually submit to the Board on March 31 a report disclosing the following information on a form prescribed by the Board; (a) The number of independent contractor appraisals in the preceding year for which the …

161-550-0020 Records and Real Estate Appraisal Activity Report Retention Requirements (1) An appraisal management company shall maintain a detailed record of each service request that it receives, the appraiser that perform the real estate appraisal activity and a complete copy o…

161-560-0010 Audits Required (1) An audit of an appraisal management company registered to provide appraisal management services in Oregon may be conducted by the Board. (2) In the case of a subsidiary or affiliate of a financial institution engaging in business as an appraisal m…

161-560-0020 Audit Standards An audit under OAR 161-560-0010 will examine the appraisal management company’s compliance with ORS 674.200 to 674.250, including, but not limited to, examination of the following: (1) The appraisal management company’s compliance with the minimum req…

161-570-0010 Duty to Cooperate Every subject individual and employee of an appraisal management company must cooperate with the Board and must respond fully and truthfully to Board inquiries and comply with any requests from the Board, subject only to the exercise of any applicab…

161-570-0015 Appraisal Review Any employee or independent contractor appraiser of an appraisal management company that performs the act or process of developing and communicating a reviewer’s own opinion of value as part of an appraisal review for a property located in this state…

161-570-0020 Forwarding Complaints An appraisal management company that receives a written complaint from a person with an interest in a real estate transaction shall: (1) Forward the complaint to the client; and (2) Give written notification to the person who submitted the compl…

161-570-0025 Allegation Reports An allegation report may be filed against an appraisal management company and submitted to the Board’s office. (1) All allegation reports must be in writing. (2) Any person may file an allegation report. (3) A member of the Board or the Administrat…

161-570-0030 Complaints, Investigations and Audits (1) A notice of investigation, together with a true copy of the allegation report as submitted to the Board’s office, including all supporting documentation, shall be promptly sent by certified mail, return receipt requested, to …

161-570-0050 Separate Offense and Violation (1) Each act of appraisal management services by an appraisal management company not registered by the State is a separate violation of ORS 674.205. (2) Any and each violation of ORS 674.200 to 674.250, or any rule or final order of the…