Date of Adoption: February 1, 1999.
Purpose: Incorporation by reference of the 1998  edition of the uniform standards of professional appraisal practice, the generally recognized national organized standards of real estate appraisal. Incorporation by reference is required because to incorporate the whole text would be unduly cumbersome and expensive.
Citation of Existing Rules Affected by this Order: Amending WAC 308-125-200.
Statutory Authority for Adoption: RCW 43.24.086.
Adopted under notice filed as WSR 98-24-044 on November 24, 1998.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 1, Amended 1, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 1, Amended 1, Repealed 0. Effective Date of Rule: Thirty-one days after filing.
February 1, 1999
Alan E. Rathbun
Assistant Director, BPD
AMENDATORY SECTION(Amending WSR 98-17-083, filed 8/18/98, effective 9/18/98)
Standards of practice.
(1) The standard of
practice governing real estate appraisal activities will be the
1998)) 1999 edition of the Uniform Standards of Professional
Appraisal Practice of the Appraisal Foundation. A copy of the
Uniform Standards of Professional Appraisal Practice is available
for review and inspection at the office of the Real Estate
Appraiser Unit Office, Olympia, Washington. The Uniform
Standards of Professional Appraisal Practice is a copyright
document. Copy of the full text may be obtained from the
Appraisal Foundation at The Appraisal Foundation, P.O. Box 96734,
Washington, DC 20090-6734.
(2) Expert review appraisers as defined by RCW 18.140.010(11) while performing expert reviews pursuant to chapter 18.140 RCW are exempt from the Uniform Standards of Professional Appraisal Practice, Standard 3 review provisions while performing expert reviews for the director.
[Statutory Authority: RCW 43.24.086. 98-17-083, § 308-125-200, filed 8/18/98, effective 9/18/98. Statutory Authority: RCW 18.140.030. 91-04-074, § 308-125-200, filed 2/5/91, effective 3/8/91.]