(1) The board shall adopt rules establishing standards of professional practice which meet or exceed nationally recognized standards of appraisal practice, including standards adopted by the Appraisal Standards Board of the Appraisal Foundation. Each appraiser registered, licensed, or certified under this part must comply with the rules. Statements on appraisal standards which may be issued for the purpose of clarification, interpretation, explanation, or elaboration through the Appraisal Foundation are binding on any appraiser registered, licensed, or certified under this part, upon adoption by rule of the board.
(2) The board may adopt rules establishing standards of professional practice other than standards adopted by the Appraisal Standards Board of the Appraisal Foundation for nonfederally related transactions. The board shall require that when performing an appraisal or appraisal service for any purpose other than a federally related transaction, an appraiser must comply with the Ethics and Competency Rules of the standards adopted by the Appraisal Standards Board of the Appraisal Foundation, and other requirements as determined by rule of the board. An assignment completed using alternate standards does not satisfy the experience requirements under s. 475.617 unless the assignment complies with the standards adopted by the Appraisal Standards Board of the Appraisal Foundation.
History.—ss. 9, 11, ch. 91-89; s. 4, ch. 91-429; s. 35, ch. 98-250; s. 22, ch. 2012-61; s. 9, ch. 2017-30.
Structure Florida Statutes
Title XXXII - Regulation of Professions and Occupations
Chapter 475 - Real Estate Brokers, Sales Associates, Schools, and Appraisers
Part II - Appraisers (Ss. 475.610-475.631)
475.612 - Certification, licensure, or registration required.
475.613 - Florida Real Estate Appraisal Board.
475.615 - Qualifications for registration or certification.
475.616 - Examination requirements.
475.617 - Education and experience requirements.
475.6171 - Issuance of registration or certification.
475.620 - Corporations and partnerships ineligible for licensure or certification.
475.621 - Registry of licensed and certified appraisers; registry of appraisal management companies.
475.622 - Display and disclosure of licensure, certification, or registration.
475.6221 - Employment of and by registered trainee real estate appraisers.
475.6222 - Supervision and training of registered trainee appraisers.
475.623 - Registration of firm or business name and office location.
475.6235 - Registration of appraisal management companies required; exemptions.
475.624 - Discipline of appraisers.
475.6245 - Discipline of appraisal management companies.
475.626 - Violations and penalties.
475.627 - Appraisal course instructors.
475.628 - Professional standards for appraisers registered, licensed, or certified under this part.
475.629 - Retention of records.