54-4109. RETENTION OF RECORDS. (1) A state licensed or certified real estate appraiser shall retain, for at least five (5) years, originals or true copies of all written contracts engaging his services for real estate appraisal work, and all reports and supporting data assembled and formulated by the appraiser in preparing the reports.
(2) The five (5) year period for retention of records provided by subsection (1) of this section is applicable to each engagement of the services of the appraiser and shall commence upon the date of the submittal of the appraisal to the client unless, within the five (5) year period, the appraiser is notified that the appraisal or report is involved in litigation, in which event the five (5) year period for the retention of records shall commence upon the date of the final disposition of the litigation.
(3) All records required to be maintained under the provisions of this chapter shall be made available by the licensed or certified real estate appraiser for inspection and copying by the board on reasonable notice to the appraiser.
History:
[54-4109, added 1990, ch. 82, sec. 1, p. 169; am. 1992, ch. 92, sec. 8, p. 288.]
Structure Idaho Code
Title 54 - PROFESSIONS, VOCATIONS, AND BUSINESSES
Chapter 41 - IDAHO REAL ESTATE APPRAISERS ACT
Section 54-4101 - SHORT TITLE.
Section 54-4102 - LEGISLATIVE INTENT.
Section 54-4103 - USE OF TERM “LICENSED” OR “CERTIFIED” APPRAISER — UNLAWFUL PRACTICE OF APPRAISAL.
Section 54-4104 - DEFINITIONS.
Section 54-4105A - APPRAISAL REVIEW.
Section 54-4107 - DISCIPLINARY PROCEEDINGS.
Section 54-4109 - RETENTION OF RECORDS.
Section 54-4110 - QUALIFICATIONS FOR LICENSURE OR CERTIFICATION — EXAMINATIONS.
Section 54-4111 - USE OF DESIGNATION — CORPORATION, PARTNERSHIPS.
Section 54-4112 - REGULAR EXAMINATIONS.
Section 54-4113 - FEES — ISSUANCE OF LICENSES OR CERTIFICATES.
Section 54-4114 - TERM OF LICENSE OR CERTIFICATE — RENEWAL AND REINSTATEMENT.
Section 54-4115 - NONRESIDENT LICENSURE OR CERTIFICATION AND TEMPORARY PRACTICE.
Section 54-4116 - RENEWAL LICENSES OR CERTIFICATES.
Section 54-4117 - INJUNCTIVE RELIEF.
Section 54-4118 - PROOF OF COMPLAINT — PROSECUTION BY COUNTY ATTORNEY.
Section 54-4119 - PENALTY FOR VIOLATION.
Section 54-4120 - SHORT TITLE.
Section 54-4122 - DEFINITIONS.
Section 54-4123 - APPRAISAL PANEL — ANNUAL SIZE CALCULATION.
Section 54-4124 - REGISTRATION REQUIRED.
Section 54-4126 - OWNERSHIP REQUIREMENTS — CONTROLLING PERSONS.
Section 54-4127 - LIMITATIONS ON AGREEMENTS.
Section 54-4128 - APPRAISER ENGAGEMENT.
Section 54-4129 - APPRAISAL REVIEW.
Section 54-4130 - APPRAISER COMPENSATION.
Section 54-4131 - APPRAISER INDEPENDENCE.
Section 54-4132 - ADDITIONAL POWERS OF THE BOARD.