"Financial interest" includes but is not limited to the holding of legal title to real property or any ownership interest in an entity that holds legal title to real property. Notwithstanding the preceding sentence, ownership interest in an entity shall not be deemed a "financial interest" when a person's ownership interest equals less than 10 percent of the entity's total ownership interest.
"Personally assess" means engaging in the listing, valuation, and classification of real property.
This rule is intended to implement Iowa Code section 441.17.
Iowa Admin. Code r. 701-71.27