LAC 46:LXVII.10309. Application for Experience Credit

A. Applicants for a certified residential or certified general real property appraiser license shall satisfy the education and experience requirements prior to receiving an authorization for testing. B. Experience credit shall be approved by the board in accordance with The Real Property Appraiser Qualification Criteria, May 2018, prescribed by the Appraiser Qualifications Board of the Appraisal Foundation (AQB) or its successor. Calculation of experience hours shall be based solely on actual hours of experience. C. Only those real property appraisals consistent with the “Uniform Standards of Professional Appraisal Practice” or its successor will be accepted by the board for experience credit. D. A peer review committee appointed by the board, as prescribed in R.S. 37:3395.1, shall serve in the following capacity. 1. Committee members shall serve at the discretion of the board and may be removed at any time, with or without cause, upon written notice from the board. 2. The initial term of each committee member shall be for a period of two years, which shall automatically extend for successive two year terms, until such time that the member resigns from the committee, is replaced by a new board appointee, or is removed by the board. 3. Committee members shall be certified residential or certified general real estate appraisers that have been licensed in good standing for a minimum of five years. 4. Committee members shall have completed the supervisory appraiser course, or its equivalent, as determined by the board. 5. Committee members may decline any request for direct mentoring without prejudice. 6. Duties of the peer review committee shall not require committee meetings or reports to the board, as each member shall operate independent of the other members; however, members shall be subject to oversight by the board and shall respond accordingly to any board inquiry. 7. Committee members shall be available to licensed trainees and certified appraisers via telephone or e-mail for direct mentoring, which may include one or more of the following: a. examination of appraisals or other work samples; b. feedback to mentored appraiser regarding examined work samples; c. help with appraisal methodology; and d. answering queries on specific appraisal assignments. 8. Committee members assigned to assist investigators shall provide the following assistance, as needed: a. specific appraisal methodology insight; b. uniform standards of professional appraisal practice insight; c. benefit of competency and experience in appraisal practice; and d. any other available assistance, as requested. 9. Committee members assigned to assist investigators shall remove themselves from any investigation where there may be an actual or perceived conflict of interest. E. An applicant that is currently licensed and in good standing in a state approved by the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFEIC) shall be deemed to satisfy the experience requirements for the same level of licensure in Louisiana. The applicant shall provide appropriate documentation as required by the board.