Appraisal
Frequently Asked Questions
According to Utah law, a license is required for any individual who prepares, for valuable consideration, an appraisal, appraisal report, certified appraisal report, or performs a consultation service relating to real estate. (UCA 61-2b-3)
A license is not required for the following individuals who give an opinion regarding the value of real estate (but an opinion of value may not be referred to as an "appraisal"):
- A licensed real estate Broker or Sales Agent who gives an opinion of value in the ordinary course of business.
- An employee of a company who gives an opinion of value solely for the company’s use.
- Any government official or employee acting within their scope of duties.
- An auditor or accountant who gives an opinion of value while performing an audit.
- An individual who gives an opinion of value for property in which the individual has an ownership interest.
- An individual who gives an opinion of value for which no consideration is paid and upon which no other party is
- Reasonably expected to rely.
- An individual, such as a researcher or secretary, who does not provide significant professional assistance at arriving at analysis, opinion, or conclusion.
- An attorney authorized to practice law in Utah who uses an appraisal report or who states an opinion of value in the ordinary course of business.
Unless exempted under Section 61-2e-104, an appraisal management company is required to register under this chapter if, in a calendar year, the company:
- contracts with one or more appraisers for the performance of 10 or more appraisals in the state;
- oversees an appraiser panel of more than 15 appraisers certified or licensed in the state in accordance with Title 61, Chapter 2g, Part 3, Licensure, Certification, or Registration; or
- oversees an appraiser panel of 25 or more certified or licensed appraisers, including:
- at least one appraiser certified or licensed in the state in accordance with Title 61, Chapter 2g, Part 3, Licensure, Certification, or Registration; and
- at least one appraiser certified or licensed in a state other than Utah, a territory, or the District of Columbia.
The State of Utah may issue a six-month Temporary Practice Permit to a non-resident who holds a license/certificate for real estate appraisal from another jurisdiction, if the license/certificate is in good standing and the nature of the business is temporary.
To obtain the Permit, submit to the Division:
Completed and signed Appraiser Temporary Practice Application .
$100 non-refundable fee.
NOTE: No more than 2 permits will be issued per calendar year.
To apply for a license through reciprocity, submit to the Division:
- Completed and signed Appraiser Reciprocity Application .
- Letter of Request from the applicant, which includes a list of all other states in which the applicant is licensed or certified, including those states in which you may have sought only temporary status.
- $475 non-refundable fee ($350 application fee and $80 National Registry fee, $40 Fingerprint fee and $5 rap back fee).
- When you have completed your continuing education requirements and are within your "license renewal window" (45 days for Real Estate, 3 months for Appraisers)
- Renew your license by following the instructions for Trainee or Licensed/Certified here.
Yes. The FBI only allows the fingerprinting of an individual based upon a specific, unique statute which authorizes their fingerprinting. Since the statutory reason for a real estate and appraisal license are found under different sections of the Utah State Code, individuals holding both a real estate and appraisal license are required to enroll in the RapBack system when they renew each of their licenses. Licensees cannot use the same fingerprint cards for RapBack enrollment in both professions.