(1) A state licensed appraiser may perform appraisals of the following properties: All properties with a transaction value of up to two hundred fifty thousand dollars ($250,000);
(2) Noncomplex residential properties with a transaction value up to, but not including, one million dollars ($1,000,000); and
(3) Agricultural properties, including agricultural properties with up to two (2) dwelling units, with a value up to, but not including, one million dollars ($1,000,000).
(4) A state certified residential appraiser shall be authorized to appraise all properties that a state licensed appraiser may appraise and also all residential real property consisting of one (1) to four (4) units.
(5) A state certified general appraiser shall have no transaction value limits on the appraiser's appraisal practice.
(6) Nothing contained within the language of this section shall be construed to authorize a state licensed appraiser to appraise property that federal agencies require to be appraised by a state certified appraiser.