(1) Experience credit may be awarded to a credentialed Montana Department of Revenue appraiser who can effectively demonstrate compliance with the USPAP.
(2) The applicant shall provide proper documentation as follows:
(a) The documentation shall include an experience log which is prescribed by the board, completed by the applicant, and each page attested to with the signature of the applicant's credentialed Montana Department of Revenue supervisor.
(b) The documentation shall be limited to appraisals which have been completed in compliance with the USPAP within the last five years. For licensure as a licensed real estate appraiser and licensure as a certified residential real estate appraiser, the appraisals must be for residential properties. For licensure as a certified general real estate appraiser, the appraisals must be for nonresidential properties.
(3) Applicants shall hold, at a minimum, the following certification(s) issued by the Montana Department of Revenue, or equivalent from another state, as verified on supervisor's affidavit, or by separate documentation issued to applicant:
(a) Applicants for licensure as a licensed real estate appraiser or licensure as a certified residential real estate appraiser shall hold a Montana Department of Revenue residential certification.
(b) Applicants for licensure as a certified general real estate appraiser shall hold a Montana Department of Revenue commercial, industrial, or agricultural certification.
(4) Experience credit accepted under other provisions of applicable statutes or rules such as ARM 24.207.503 is limited to include a maximum of 1,000 hours from the ad valorem experience set forth above. All other experience credit must be obtained as a licensed trainee with an approved mentor.
(5) All ad valorem appraisal experience claimed for credit toward licensure or certification must have been completed as a Montana Department of Revenue certified real estate appraiser as described in (3) and must have been performed in accordance with the USPAP.