Section 876IAC3-3-22. Indiana licensed trainee appraiser; examination; licensure procedures

   (a) An applicant for an Indiana licensed trainee appraiser license shall be required to pass the examination as provided for in sections 14 through 18 of this rule.

  (b) On a form provided by the board, the applicant shall provide the name and license number of the appraiser with whom the applicant is associating and the prospective supervising appraiser must sign that form. The appraiser must meet the requirements to be a supervising appraiser stated in 876 IAC 3-6-9(b).

  (c) If the applicant is otherwise qualified, after an applicant passes the examination and pays the fee required by 876 IAC 3-2-7(b)(2) or 876 IAC 3-2-7(b)(3), the board shall issue the following:

(1) An Indiana licensed trainee appraiser license to the applicant to be held by the supervising appraiser.

(2) To the Indiana licensed trainee appraiser an identification card that:

(A) certifies that the Indiana licensed trainee appraiser is licensed; and

(B) indicates the:

(i) expiration date of the license; and

(ii) name of the supervising appraiser with whom the Indiana licensed trainee appraiser is associated.

  (d) If the Indiana licensed trainee appraiser has not associated with a supervising appraiser, the trainee shall be issued an inactive license, either upon:

(1) initial issuance of the license; or

(2) the termination of an association with a supervising appraiser.

  (e) If a trainee appraiser license remains inactive under subsection (d) for more than three (3) years, prior to reactivation of the Indiana licensed trainee license, the trainee appraiser may be required to complete such remediation and additional training as deemed appropriate by the board given the lapse of time involved.

  (f) An Indiana licensed trainee and a supervising appraiser shall notify the board in writing upon termination of the Indiana licensed trainee appraiser's association with the supervising appraiser described in subsection (b) within five (5) working days of the termination. The board shall reissue an identification card upon the association with another appraiser, who qualifies to be a supervising appraiser, upon application as described in subsection (b) with the license to be held by the new supervising appraiser. (Indiana Real Estate Commission; 876 IAC 3-3-22; filed Dec 8, 1993, 4:00 p.m.: 17 IR 778; filed Jun 14, 1995, 11:00 a.m.: 18 IR 2792; errata filed Nov 13, 1995, 10:00 a.m.: 19 IR 675; filed Dec 24, 1997, 11:00 a.m.: 21 IR 1764; readopted filed May 29, 2001, 10:00 a.m.: 24 IR 3238; filed Dec 3, 2002, 3:00 p.m.: 26 IR 1107; readopted filed Jul 19, 2007, 1:16 p.m.: 20070808-IR-876070068RFA; filed Aug 15, 2007, 10:01 a.m.: 20070912-IR-876060095FRA, eff Jan 1, 2008; filed Apr 16, 2012, 3:43 p.m.: 20120516-IR-876110428FRA; readopted filed Nov 25, 2013, 9:21 a.m.: 20131225-IR-876130283RFA)