21 NCAC 57A .0603         ACCEPTABLE EXPERIENCE – GENERAL CATEGORY

Appraising the following types of properties qualifies as general appraisal experience:

(1)           land such as farms of 100 acres or more in size, undeveloped tracts, residential multi-family sites other than those listed in Rule .0602 of this Section, commercial sites, industrial sites, or land in transition;

(2)           residential multi-family properties (5 or more units) such as apartments, condominiums, town-houses, or mobile home parks;

(3)           commercial single-tenant properties such as office buildings, retail stores, restaurants, service stations, banks, or day care centers;

(4)           commercial multi-tenant properties such as office buildings, hotels, or shopping centers;

(5)           industrial properties such as warehouses or manufacturing plants; and

(6)           institutional properties such as assisted living facilities, nursing homes, hospitals, schools, churches, or government buildings.

History Note         Authority G.S. 93E-1-10;

Eff. July 1, 2016.