PERMANENT RULES
Date of Adoption: January 27, 2004.
Purpose: Incorporation by reference of the 2004 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 18.140.030(1) and 18.235.030(1).
Adopted under notice filed as WSR 04-01-138 on December 19, 2003.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.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Repealed 0;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Repealed 0;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 0,
Amended 1,
Repealed 0.
Effective Date of Rule:
Thirty-one days after filing.
January 27, 2004
Mykel D. Gable
Assistant Director, BPD
OTS-6860.1
AMENDATORY SECTION(Amending WSR 03-02-040, filed 12/24/02,
effective 1/24/03)
WAC 308-125-200
Standards of practice.
(1) The standard
of practice governing real estate appraisal activities will be
the ((2003)) 2004 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 18.140.030 (16), (17). 03-02-040, § 308-125-200, filed 12/24/02, effective 1/24/03; 02-03-012, § 308-125-200, filed 1/4/02, effective 2/4/02. Statutory Authority: [RCW 18.140.030 (16), (17) and chapter 18.140 RCW.] 00-23-038, § 308-125-200, filed 11/9/00, effective 12/10/00. Statutory Authority: RCW 43.24.086. 00-04-057, § 308-125-200, filed 1/28/00, effective 2/28/00; 99-04-074, § 308-125-200, filed 2/2/99, effective 3/5/99; 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.]