Department of Commerce - Certification/Licensing of Appraisers - Definition.

Published: 2009-01-01

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"Nationally recognized appraisal organization" means an organization which:

(A) Offers classroom instruction in subjects related to real estate appraisal as specified in rule 1301:11-3-03 of the Administrative Code, that would be acceptable towards satisfying the pre-license or pre-certification education requirement,

(B) Offers a designation to real estate appraisers upon successful completion of appraisal education and attainment of appraisal experience,

(C) Has established standards of professional appraisal practice and a code of ethics for organization members which are consistent with the standards adopted by the real estate appraisal board, and

(D) Offers the classroom instruction specified in paragraph (A) of this rule to all individuals and does not require individuals to be a member of the organization to enroll and complete the instruction.

Last updated May 20, 2021 at 11:23 AM