CHAPTER 2
DEFINITIONS
[Prior to 2/20/02, see 193F—Chapter 1]
193F—2.1(543D) Applicability. The following definitions shall be applicable to the rules of the real estate appraiser examining board.
“Appraisal Foundation” means the Appraisal Foundation established on November 30, 1987, as a not-for-profit corporation under the laws of Illinois to develop qualifications and criteria for the appraisal profession.
“AQB” means the Appraiser Qualifications Board of the Appraisal Foundation.
“ASB” means the Appraisal Standards Board of the Appraisal Foundation.
“Associate real property appraiser” or “associate appraiser” means an individual who has registered with the board as an associate real property appraiser, as defined in Iowa Code section 543D.2(5), and who is training to become a certified residential or certified general real property appraiser.
“Certified appraiser” means an individual who has been certified in one of the following two classifications:
	1.	The certified residential real property appraiser classification, which is limited to the appraisal of one to four residential units without regard to transaction value.
	2.	The certified general real property appraiser classification, which applies to the appraisal of all types of real property.
“FIRREA” means the Financial Institutions Reform Recovery and Enforcement Act of 1989.
“Knowingly” means done with awareness and deliberateness.
“Law” means the “Iowa Voluntary Appraisal Standards and Appraiser Certification Law of 1989,” Iowa Code chapter 543D.
“USPAP” means the Uniform Standards of Professional Appraisal Practice published annually by the Appraisal Foundation.
This rule is intended to implement Iowa Code section 543D.2.
[Filed 8/1/91, Notice 5/29/91—published 8/21/91, effective 9/25/91]
[Filed 12/12/95, Notice 10/25/95—published 1/3/96, effective 2/7/96]
[Filed 4/30/99, Notice 3/24/99—published 5/19/99, effective 6/23/99]
[Filed 2/1/02, Notice 11/28/01—published 2/20/02, effective 3/27/02]
[Filed 11/2/07, Notice 8/29/07—published 11/21/07, effective 12/26/07]