Suzanne,
I am a trainee and I was wondering the same thing so I called OREA. They said you can get credit for up to 15 hours per appraisal. If you work longer (which you do in the early ones) log the longer time, but you will only get credit for the 15 hrs. As you become more proficient you won't be taking that long (hopefully), and you will log less.
Concerning what qualifies for creditable experience, this is what the Licensing handbook says on page 12-13
Concerning Category 1 an 10 Experience. Note there are 11 categories to get experience in.
CATEGORIES OF EXPERIENCE
Category 1. Fee and Staff Appraisal
A real property appraisal prepared by a person who is
employed by another, usually a lending institution or
government agency, or who is paid a fee for the appraisal
assignments he or she performs shall:
• Be a written document;
• Use the entire appraisal process;
• Use all appraisal methods (market, cost, income)
customarily used for a particular property type (i.e.,
residential, commercial, industrial, etc.);
• Conform to USPAP, particularly Standards Rules 1 and
2; and
• Include analysis completed by the applicant.
Category 10. Assisting in the Preparation of Appraisals
Experience in this catergory shall:
• Be limited to a maximum of 400 hours towards meeting
the experience requirements;
• Be a written document;
• Effectively use the appraisal process performing market
research, data analysis and applying the appropriate
appraisal techniques;
• Conform to all applicable USPAP standards, state laws
and OREA regulations; and
• Require that 75 percent of the professional work in the
appraisal report must have been completed by the
applicant.
NOTE: The work experience must go beyond such tasks as
taking photographs, typing the report, measuring
improvements, or finding sales that may or may not
be used in the appraisal.
I hope that helps.
Call the state office if you need to. They have always been helpful when I've needed info.
