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42.22.1316    INDUSTRIAL PROPERTY CERTIFICATION REQUIREMENTS

(1) The employee must be previously certified in appraisal of residential property and appraisal of commercial property.

(2) Training and testing criteria requires the employee to successfully complete courses I and II of the appraisal institute, and write a comprehensive examination in industrial appraisal.

(3) The employee must write an abbreviated narrative appraisal report defining the particular industrial process, explaining the depreciation used, and substantiating the value conclusion. Upon acceptance, the industrial narrative report shall become the property of the department.

(4) The employee must:

(a) complete one year of responsible industrial property appraisal; and

(b) appraise or assist in the appraisal of at least three separate plants in different industrial processes.

(5) Individual steps may be waived by the department if sufficient proof is given that the employee has previously met such requirements.

History: 15-1-201, MCA; IMP, 15-7-107, 15-7-111, MCA; NEW, 2003 MAR p. 804, Eff. 4/25/03; TRANS, from ARM 42.18.209, 2005 MAR p. 667, Eff. 4/29/05.

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