Appraisal experience schedule
Source version current through Jul 15, 2022
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- NYCRR title agency
- Department of State
- Section status
- Section source receipt
- Source version current through
- Jul 15, 2022
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- Sep 13, 2026
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- Jul 15, 2022
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- Related Register notice
- DOS-26-17-00001-A · Adopted rule
- Related notice published
- Oct 18, 2017
- Related notice effective date
- Oct 18, 2017
(a)Hours of experience shall be credited to an applicant based on actual time spent on appraisal assignments up to a maximum numbers of hours in accordance with the following schedule. Except as provided for by subdivision (b) of this section, experience credits may only be granted for the following types of appraisal assignments.
APPRAISAL EXPERIENCE SCHEDULE
| Type of Property Appraised | Assigned hours cannot exceed | |
|---|---|---|
| Standard Appraisal | Review Appraisal | |
| Residential | ||
| Residential Single-Family (Single Co-op or Condo) | 6 | 1.5 |
| Residential Single-Family Complex (Waterfront or Unique) | 20 | 5 |
| Residential Single-Family Complex (Over $5,000,000) | 40 | 10 |
| Residential Multi-Family (2-4 units) | 12 | 3 |
| Vacant Lot (Residential, 1-4 units) | 6 | 1.5 |
| Farm (Less than 100 acres, with residence) | 18 | 4.5 |
| General | ||
| Land: Farms of 100 acres or more in size, undeveloped tracts, residential multi-family sites, commercial sites, industrial sites | 30 | 7.5 |
| Complex Farms | ||
| 100 acres or more in size, multi-building with Processing facilities | 40 | 10 |
| Residential Multi-Family (5-12 units): | ||
| Apartments, condominiums, townhouses and mobile home parks | 36 | 9 |
| Residential Multi-Family (13 or more units): | ||
| Apartments, condominiums, townhouses and mobile home parks | 48 | 12 |
| Commercial/Industrial Single-Tenant: | ||
| Office buildings, R&D, retail stores, restaurants, service stations, warehouses, day care centers, and other similar buildings | 48 | 12 |
| Commercial/Industrial Multi-Tenant: | ||
| Office buildings, R&D, shopping centers, hotels, warehouses | 60 | 15 |
| Manufacturing plants | 48 | 12 |
| Institutional: | ||
| Rest homes, nursing homes, hospitals, schools, churches, government buildings | 48 | 12 |
(b)If an applicant has appraisal experience for a type of property that is not listed in the appraisal experience schedule, the applicant may receive credit for the appraisal experience if the Department of State determines that the appraisal experience is substantially equivalent, for experience purposes, to an appraisal for one of the types of property that is listed in the appraisal experience schedule. However, the burden shall be on the applicant to establish to the satisfaction of the Department of State that the appraisal experience is substantially equivalent to an appraisal of one of the types of properties listed in the appraisal experience schedule.