543D.20 Registration of associate real estate appraisers.
1. A person shall not assist a certified real estate appraiser in the development or reporting of an appraisal assignment that is required by this chapter, or by federal or state law, rule, or policy to be performed by a certified real estate appraiser, unless the person meets one or more of the following conditions:
a. The person is certified under this chapter.
b. The person is registered as an associate real estate appraiser and is acting under the direct supervision of a certified real estate appraiser.
c. The person is solely providing administrative services, such as taking photographs, preparing charts, or typing reports, and is not providing real estate appraisal assistance in developing the analysis, valuation, opinions, or conclusions associated with the appraisal assignment.
d. The person is providing professional consultation that does not constitute real property appraisal assistance, such as the assistance of a professional engineer or certified public accountant.
2. The board shall establish by rule the terms and conditions of the registration of associate real estate appraisers, including the educational and other prerequisites to registration, the fees for registration and the renewal of registration, and the continuing education requirements for renewal of registration. The board shall consider and may incorporate any guidelines recommended by the appraisal qualifications board of the appraisal foundation relating to associate real estate appraisers.
3. The board shall adopt rules governing the manner in which certified real estate appraisers shall directly supervise associate real estate appraisers, the standards of conduct for associate real estate appraisers, and the grounds for imposing discipline against an associate real estate appraiser which shall include all of the grounds provided in section 543D.17.
4. Associate real estate appraisers shall be bound by the uniform appraisal standards adopted by the board under this chapter.
5. Persons who appraise real estate where certification is not required by this chapter or by federal or state law, rule, or policy, and who are not assisting a certified real estate appraiser in the development or reporting of an appraisal assignment that is required by this chapter, or by federal or state law, rule, or policy to be performed by a certified real estate appraiser, are not required to register with the board. Notwithstanding this subsection, in connection with the performance, or assistance in the performance, of an appraisal of real estate located in this state, the use of the title “associate real estate appraiser” or any other like title, including a title that suggests an individual is an associate real estate appraiser under the laws of this state or another state, shall only be used to refer to individuals who hold a registration under this chapter.
2007 Acts, ch 72, §6; 2021 Acts, ch 159, §7
Referred to in §543D.21, 543E.3
Subsection 5 amended
Structure Iowa Code
Chapter 543D - REAL ESTATE APPRAISALS AND APPRAISERS
Section 543D.4 - Iowa real estate appraiser board.
Section 543D.5 - Powers of the board.
Section 543D.7 - Certification process.
Section 543D.8 - Examination requirement.
Section 543D.9 - Education and experience requirement.
Section 543D.10 - Nonresident certification.
Section 543D.11 - Certification by reciprocity.
Section 543D.12 - Basis for denial.
Section 543D.13 - Principal place of business.
Section 543D.14 - Certificate.
Section 543D.15 - Use of term.
Section 543D.16 - Continuing education.
Section 543D.17 - Disciplinary proceedings.
Section 543D.18 - Standards of practice.
Section 543D.18A - Penalties for improper influence of an appraisal assignment.
Section 543D.19 - Retention of records.
Section 543D.20 - Registration of associate real estate appraisers.
Section 543D.21 - Violations — injunctions — civil penalties.