Countertops are also important when it comes to appraising kitchens. Personally inspect the property with the Trainee Appraiser until the Supervisory Appraiser determines the Trainee Appraiser is competent to make unsupervised inspections, in accordance with the Competency Rule of USPAP Drawings or artists renderings might not represent the actual features of the comparable sale. NOTE: The information in this article represents the authors interpretation of HUD Handbook 4000.1. License renewals are required every two years and Licensees must provide proof of completion of the following mandatory courses for all licenses: Although licensees should complete an average of 14 hours for each calendar year, they are not required to complete continuing education in each specific year. Courses must be a minimum of two hours in length. Please review the Summary of Each License Level and College Level Education Options for Certified Residential tables for details. The California licensed appraiser must make the determination of value, sign the report, disclose the assistance provided by the out-of-state appraiser and accept full responsibility for the entire appraisal. stairwell, loft, foyer, etc. While the ADU may or may not include access to the primary residence, it must be accessible without going through the primary residence and there must be some expectation of privacy from the home. [NEW 4/27/2023] When should a Seller use the Warranty of Completion of Construction report (Form 400)? See the Guide Glossary definition of Borrower for more information. Permits are valid for one year and for one assignment or until the expiration of the license in an applicant's home state, whichever occurs first. convictions, on the application. to ensure that they do not conflict with Fannie Maes policies or standard certifications on Form 1004, if the appraiser includes an adequate description of the project and the time of the completion inspection and included with Form 1004D.
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