Current through August 31, 2023
01.
Qualification. Each applicant for registration as an appraiser
trainee must meet the following requirements: (3-28-23)
a. Education. Within the five-year period
preceding application, all applicants for registration as a trainee must
document completion of at least seventy-five (75) classroom hours of courses in
subjects related to real estate appraisal as follows: (3-28-23)
i. Basic Appraisal Principles - not less than
thirty (30) hours specifically including Real Property Concepts and
Characteristics, Legal Considerations, Influences on Real Estate Values, Types
of Value, Economic Principles, Overview of Real Estate Markets and Analysis,
and Ethics and How They Apply in Appraisal Theory and Practice; and
(3-28-23)
ii. Basic Appraisal
Procedures - not less than thirty (30) hours specifically including Overview of
Approaches to Value, Valuation Procedures, Property Description, and
Residential Applications; and (3-28-23)
iii. National U SPAP Course - not less than
fifteen (15) hours. (3-28-23)
b. Experience. All applicants for
registration as a trainee must retain and identify at least one (1) qualified
supervisor as required by law and rule. (3-28-23)
c. Examination. Each trainee applicant shall
document successful passage of examinations in each of the prerequisite courses
required for registration as a trainee. (3-28-23)
d. Prior to registration as an appraiser
trainee, each trainee applicant must complete a trainee appraiser course that
complies with the content requirements established by the Appraisal
Qualifications Board. This course is in addition to the education requirements
set forth in Section 275.
(3-28-23)
02.
Scope
and Practice. An Appraiser Trainee shall not be involved in the
appraisal of any property that exceeds the lawful scope of practice of the
supervising appraiser. The appraiser trainee shall be subject to USPAP.
(3-28-23)
a. Each appraiser trainee is
permitted to have more than one (1) supervising appraiser provided a
supervising appraiser is not registered to more than three (3) trainees at any
one (1) time. (3-28-23)
b. An
appraisal log shall be maintained for each supervising appraiser by the
appraiser trainee and shall include no less than the requirements outlined in
Subsection 250.02.e.i. for each
appraisal. (3-28-23)
c. An
appraiser trainee shall be entitled to obtain copies of all appraisal reports
prepared by the trainee. (3-28-23)
03.
Continuing Education. Prior
to the second renewal and for each continuing education cycle thereafter as
provided in Section 275 of this
rule, an appraiser trainee shall be required to obtain: (3-28-23)
a. The equivalent of thirty (30) classroom
hours of instruction in approved courses or seminars during the twenty-four
(24) month period preceding the renewal. Once every twenty-four (24) months,
registered appraiser trainees will be required to attend an approved seven-hour
USPAP update course or the equivalent. The course must cover the most recent
USPAP edition. (3-28-23)
b. All
continuing education shall be in compliance with Subsections
401.01 through
401.05. If the licensee
completes two (2) or more courses having substantially the same content during
any one (1) continuing education cycle, the licensee only will receive
continuing education credit for one (1) of the courses. (3-28-23)
c. Continuing education credit may also be
granted for participation, other than as a student, in appraisal educational
processes and programs. Examples of activities for which credit may be granted
are teaching, program development, authorship of textbooks, or similar
activities that are determined to be equivalent to obtaining continuing
education. Credit for educational processes and programs continuing education
shall not exceed one-half (1/2) of the total continuing education credits
required for a renewal period. (3-28-23)
d. The purpose of continuing education is to
ensure that the appraiser trainee participates in a program that maintains and
increases skill, knowledge and competence in real estate appraising.
(3-28-23)
04.
Renewal and Reinstatement. An appraiser trainee shall renew their
registration annually as set forth in Section
67-2614, Idaho Code, and may
reinstate after expiration as provided in Section
67-2614, Idaho Code. Beginning
July 1, 2017, an individual may only be registered as an appraiser trainee for
a maximum period of five (5) years, unless approved by the Board for good
cause. (3-28-23)
