(a) Applicants
shall submit proof of successful completion of courses taken from approved
course providers in subjects related to real estate appraisal which shall
include coverage of the national USPAP course or its equivalent.
(1) An applicant for licensure or
certification shall have met the Appraisal Qualification Board's current
qualifying education requirements as may be amended. The national USPAP course
or its equivalent shall have been completed within the two years preceding the
application date.
(2) A classroom
hour is defined as fifty minutes out of each sixty minute segment and may
include time devoted to examinations.
(3) Credit toward the classroom hour
requirement will not be granted unless the length of the educational offering
is at least fifteen hours and the applicant successfully completes an
examination pertinent to that educational offering.
(4) No credit will be granted for distance
education including correspondence courses, or internet courses, or video or
remote television offerings unless the course has has been approved by the
Appraiser Qualifications Board through the Course Approval Program.
(5) Applicants must demonstrate that the
applicant's education included coverage of all the topics listed below:
(A) Influences on real estate
value;
(B) Legal considerations in
appraisal;
(C) Types of
value;
(D) Economic
principles;
(E) Real estate markets
and analysis;
(F) Valuation
process;
(G) Property
description;
(H) Highest and best
use analysis;
(I) Appraisal math
and statistics;
(J) Sales
comparison approach;
(K) Site
value;
(L) Cost approach;
(M) Income approach;
(N) Valuation of partial interests;
and
(O) Uniform standards of
professional appraisal practice.
(6) Applicants for certification shall, in
addition to the topics listed above, demonstrate that the applicant's education
included narrative report writing.
(7) Courses taken to satisfy the qualifying
education requirements should not be repetitive in nature. Each course credited
toward the required number of qualifying education hours should represent a
progression in which the appraiser's knowledge is increased.
(8) It shall be the applicant's
responsibility to ensure that the course provider verifies the number of
classroom hours and the length of the educational offering, and that the
applicant successfully completed an examination for the course.
(9) USPAP education credit shall only be
awarded when the class is taught by an Appraiser Qualifications Board certified
instructor who is also a state certified residential or general appraiser.
Equivalency to the national USPAP course shall be determined by the Appraiser
Qualifications Board.
(b) An academic credit hour for a semester
earned from a college, university, community college, or junior college
accredited by a nationally recognized accreditation organization shall be equal
to fifteen hours and an academic credit hour for a quarter shall be equal to
ten hours.
The amended
version of this section by
Hawaii
Administrative Rules Listing of Filings, 2016-01, November, eff.
11/27/2016 is not
yet available.
