OAR 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 to USPAP Standards must take steps that are appropriate under the circumstances to ensure compliance with the Standards.

(3)

All licensees must certify to what extent they personally inspected the property that is the subject of the appraisal assignment. Each report must clearly state that the subject property was: inspected both inside and out; inspected from the exterior only; or was not personally inspected by the licensee.

(4)

In addition to certifying as to the extent of the subject’s inspection, all licensees must also certify to what extent each of the comparable sales relied upon in the appraisal were personally inspected.

(5)

All licensees must disclose in all appraisal reports whether the comparable sales analyzed in the appraisal report were or were not confirmed by a party to the transaction or an agent or representative of a party to the transaction.

(6)

All licensees testifying or presenting evidence in an administrative or judicial proceeding must base their testimony or evidence only upon a written appraisal report or restricted appraisal report in compliance with USPAP, reflecting a report date that precedes the date of testimony, unless such testimony is being compelled by legal subpoena.
(7) The Uniform Standards of Professional Appraisal Practice, as defined in OAR 161-002-0000 (Definitions)(39), are incorporated into the Administrative Rules of the Appraiser Certification and Licensure Board as the standards of professional conduct which shall guide the behavior of licensed and certified appraisers in the state of Oregon.

(8)

All licensees must list their certificate or license number and expiration date in each appraisal report.

(9)

All licensees must comply with USPAP and all other applicable administrative rules in OAR chapter 161 in all valuation activity, unless such valuation activity qualifies as an exclusion to real estate appraisal activity under ORS 674.100 (Persons engaged in real estate appraisal activity required to be certified, licensed or registered)(2)(h).

(10)

Notwithstanding any other provision of these rules, a licensee acting in one of the following capacities is not subject to the requirements of Standards 3 and 4 of USPAP when examining an appraisal report and workfile as part of an official investigation being conducted by the Board:

(a)

Board member; and

(b)

Employee; or

(c)

Contractor or volunteer serving at the request of the Board.
[Publications: Publications referenced are available from the agency.]

Source: Rule 161-025-0060 — Appraisal Standards and USPAP, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=161-025-0060.

Last Updated

Jun. 8, 2021

Rule 161-025-0060’s source at or​.us