50 IAC 15-4-1

50 IAC 15-4-1 Certification requirements

Last amended: 2020Year: 2027Length: 261 wordsOfficial source

Cite as Ind. Admin. Code tit. 50, r. 15-4-1

Sec. 1. (a) To be designated as a professional appraiser, an individual must: (1) be a certified Level Three assessor-appraiser under IC 6-1.1-35.5; (2) enter a contract that contains all applicable standard contract provisions developed by the department under IC 6-1.1-4-19.5; (3) specify in the contract entered under IC 6-1.1-4-19.5 that the contract is void if the individual's appraiser certification, issued under IC 6-1.1-31.7, is revoked; and (4) specify in the contract entered under IC 6-1.1-4-19.5 the precise contractual duties that: (A) the professional appraiser will personally: (i) fulfill; and (ii) review, direct, administer, supervise, or oversee; (B) will be conducted by an administrative assistant or any person other than the professional appraiser; and (C) will remain the responsibility of the township or county. (b) Professional appraisers that are firms must: (1) employ a certified Level Three assessor-appraiser under IC 6-1.1-35.5; (2) enter a contract that contains all applicable standard contract provisions developed by the department under IC 6-1.1-4-19.5, including, specifically, provisions for sanctions; (3) specify in the contract entered under IC 6-1.1-4-19.5 that the contract is void if the firm's appraiser certification, issued under IC 6-1.1-31.7, is revoked; and (4) specify in the contract entered under IC 6-1.1-4 the: (A) precise contractual duties a certified Level Three assessor-appraiser will personally fulfill; (B) precise contractual duties that a certified Level Three assessor-appraiser will personally review; (C) precise contractual duties that will be conducted by administrative personnel or any person other than a certified Level Three assessor-appraiser; and (D) precise contractual duties that will remain the responsibility of the township or county.
50 IAC 15-4-1: 50 IAC 15-4-1 Certification requirements | Justis AI