RS 37:3399
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/la/title-37/37-1114A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
RS 37:3399
§3399. Practical Applications of Real Estate Appraisal (PAREA); legislative intent; licensure
A.(1) The legislature hereby recognizes the present shortage and declining number of registered and licensed appraisers in Louisiana and hereby declares its intent to reduce any unnecessary barriers to licensure as a real property appraiser, including but not limited to the practical barriers caused by the related shortage of supervisory appraisers in the state.
(2)Further, the legislature recognizes that the AQB has created and authorized implementation of Practical Applications of Real Estate Appraisal (PAREA) training programs, which shall utilize simulated experience training to provide an alternative path to licensure as a real property appraiser without the necessity of obtaining experience or supervision directly from a supervisory appraiser.
B.(1) Accordingly, nothing in this Chapter shall be construed to prohibit an applicant from submitting an official PAREA program completion certificate to evidence satisfactory completion of all experience necessary for licensure as either a licensed residential appraiser or a certified residential appraiser in accordance with the qualifications required by the Real Property Appraiser Qualification Criteria.
(2)An applicant who has fully completed an authorized PAREA program shall apply for licensure either as a licensed residential appraiser or as a certified residential appraiser on a form prescribed by the board and obtain board approval of the application prior to conducting appraisal activity in this state.
Acts 2022, No. 547, §1, eff. June 17, 2022.