Current through Reg. 50, No. 187; September 24, 2024
An applicant for certification as a residential real estate
appraiser must present evidence satisfactory to the Board that the applicant
meets the following minimum education, experience, and examination
requirements:
(1) Satisfactory
completion of at least 200 classroom hours in approved academic courses in
subjects related to real estate appraisal, including the following required
core curriculum that are prerequisites to taking the AQB-approved examination
in subsection (5) of this rule:
(a) Basic
appraisal principles (30 hours);
(b) Basic appraisal procedures (30
hours);
(c) The 15-hour National
USPAP course, or its equivalent, taught by an AQB-certified USPAP
instructor;
(d) Residential Market
Analysis and Highest and Best Use (15 hours);
(e) Residential Appraiser Site Valuation and
Cost Approach (15 hours);
(f)
Residential Sales Comparison and Income Approaches (30 hours);
(g) Residential Report Writing and Case
Studies (15 hours);
(h) Statistics,
Modeling and Finance (15 hours);
(i) Advanced Residential Applications and
Case Studies (15 hours); and
(j)
Appraisal Subject Matter Electives (20 hours) which shall include six (6) hours
of the Florida laws and rules.
(2) Applicants for the Certified Residential
credential must also satisfy at least one of the following five options:
(a) Bachelor's degree in any field of study
from an accredited college or university
(b) An Associate's degree, or higher, from an
accredited college, junior college, community college, or university in a field
of study related to:
1. Business
Administration;
2.
Accounting;
3. Finance;
4. Economics;
5. Real Estate.
(c) Successful completion of at least 30
semester credit hours of college-level courses including all of the following
collegiate subject matter courses from an accredited college, junior college,
community college, or university:
1. English
Composition (3 semester hours);
2.
Microeconomics (3 semester hours);
3. Macroeconomics (3 semester
hours);
4. Finance (3 semester
hours);
5. Algebra, Geometry, or
higher mathematics (3 semester hours);
6. Statistics (3 semester hours);
7. Computer Science (3 semester
hours);
8. Business or Real Estate
Law (3 semester hours); and
9. Two
elective courses in the following topics:
a.
accounting (3 semester hours);
b.
geography (3 semester hours);
c.
agricultural economics (3 semester hours);
d. business management (3 semester
hours);
e. real estate (3 semester
hours).
(d)
Successful completion of at least 30 semester hours of College Level
Examination Program (CLEP) examinations from each of the following subject
matter areas:
1. College Algebra (3 semester
hours);
2. College Composition (6
semester hours);
3. College
Composition Modular (3 semester hours);
4. College Mathematics (6 semester
hours);
5. Principles of
Macroeconomics (3 semester hours);
6. Principles of Microeconomics (3 semester
hours);
7. Introductory Business
Law (3 semester hours); and
8.
Information Systems (3 semester hours).
(e) Any combination from paragraphs (2)(c)
and (2)(d) above that ensures that all the courses listed in paragraph (2)(c)
have been completed.
(3)
As an alternative to the requirements in section (2) above, licensees who have
held the Licensed Residential credential for a minimum of five (5) years may
qualify for a Certified Residential credential by satisfying all of the
following:
(a) No record of any adverse,
final, non-appealable disciplinary action affecting the Licensed Residential
appraiser's legal eligibility to engage in appraisal practice within the five
(5) years immediately preceding the date of application for a Certified
Residential appraiser credential;
(b) Successful completion of the additional
required qualifying education as follows:
1.
Statistics, Modeling and Finance (15 hours);
2. Advanced Residential Applications and Case
Studies (15 hours);
3. Appraisal
Subject Matter Electives (20 hours);
(c) Successful completion of the required
experience requirements as stated in section (4) below;
(d) Successful completion of the examination
as stated in subsection (5) below.
(4) Experience requirements. At least 1500
hours as set forth in Rule
61J1-6.001, F.A.C.
(5) Examination. Successful completion of the
AQB-approved Certified Residential Real Property Examination and the Florida
laws and rules examination.
Rulemaking Authority
475.614 FS. Law Implemented
475.613,
475.615,
475.617
FS.
New 12-27-07, Amended 3-31-09, 7-17-11, 9-8-14, 7-18-19,
2-11-20.
