(1) The employee must be previously certified in the appraisal of residential property and agricultural land.
(2) Training and testing criteria shall be as follows:
(a) International association of assessing officers (IAAO) certified training sessions will be offered annually if funding is available and if there are sufficient numbers of field staff who require the course.
(b) The employee shall attend the first scheduled commercial training session after being assigned commercial appraisal responsibilities. Satisfactory completion of the commercial training session shall include successful completion of the written examination conducted at the conclusion of the commercial training session. If the employee fails to successfully complete the first written examination, attendance at the next commercial training session shall be required. Failure to successfully complete the second written examination shall result in immediate termination of employment or demotion to a residential appraisal position or a residential/agricultural appraisal position, if such a position is available and the individual is certified to perform the duties necessary for that position.
(3) After successful completion of the commercial training session, the employee shall prepare a written commercial demonstration appraisal narrative report (commercial narrative report) . The department will allow up to 40 hours of administrative leave to each employee in order to complete the report. The report must be submitted to the department within six months after successful completion of the training session, or within 30 days after using the administrative leave granted, whichever occurs first.
(a) The commercial narrative report must include:
(i) title page;
(ii) letter of transmittal;
(iii) table of contents;
(iv) assumptions and limiting conditions;
(v) photographs of subject property;
(vi) identification of property;
(vii) purpose of appraisal;
(viii) definition of market value;
(ix) date of appraisal;
(x) assessment and taxes;
(xi) city data;
(xii) neighborhood data;
(xiii) site data;
(xiv) plot plan;
(xvi) description of improvements;
(xvii) construction features;
(xviii) property history;
(xix) highest and best use;
(xx) estimate of remaining economic life;
(xxi) cost approach with summary;
(xxii) market data approach with summary;
(xxiii) income approach with summary;
(xxiv) correlation and final estimate of value;
(xxvi) qualification of appraiser; and
(xxvii) addenda and exhibits.
(b) The commercial narrative report can be completed on any commercial property, including apartment buildings, but if done on an apartment building, the structure must be a four-plex or larger.
(c) Extensions of the timeframes for submitting the reports may be requested in writing by the employee's direct supervisor. The written request shall be directed to the appropriate regional manager for consideration. The regional manager will then be responsible for approving or denying the request, with copies of the action taken being distributed to the employee, the employee's immediate supervisor, and the administrator.
(d) Within two months after submission of the report by the employee, the department shall advise the employee in writing whether the report is satisfactory. If the report is unsatisfactory, the employee shall have two months from the date of notification to correct and to resubmit the report. No additional administrative leave shall be granted for this purpose. Failure to successfully complete a written commercial narrative report shall result in immediate termination of employment or demotion to a residential appraisal position or a residential/agricultural appraisal position, if the position is available and the individual is certified to perform the duties of that position. Upon final acceptance, the commercial narrative report shall become the property of the department.
(4) Upon successful attainment of the criteria set forth in (1) , (2) , and (3) , the employee shall undertake a one-year period of on-the-job commercial appraisal work. The commencement of the year experience requirement will coincide with the employee's notification of being assigned commercial appraisal responsibilities. All work will be supervised by the department. Failure to perform the appraisal work satisfactorily shall result in immediate termination or demotion to a residential appraisal position or residential/agricultural appraisal position, if such a position is available and the individual is certified to perform the duties necessary for that position.
(5) The department may waive the criteria set forth in (1) , (2) , (3) , or (4) if sufficient proof is presented that the employee has previously fulfilled such criteria. For example, the employee may have completed a course of instruction from the appraisal institute whose complexity was equal to or greater than that of IAAO course II.