Current through Register Vol. 48, No. 38, September 20, 2024
a) CE Credit
1) A State Certified General Real Estate
Appraiser, State Certified Residential Real Estate Appraiser, or Associate Real
Estate Trainee Appraiser who makes application to renew his or her real estate
appraiser license shall successfully complete the equivalent of 14 hours of
approved continuing education per year preceding the renewal, e.g., a total of
28 hours of approved continuing education for a 2-year renewal. Continuing
education credit will only be accepted from education providers and courses
approved by the Division.
2) If a
real estate appraiser was issued an initial license for less than 185 days
prior to the expiration of the license, then no continuing education is
required for that renewal. If a real estate appraiser has held a license 185
days or more prior to the expiration, then 14 hours of approved continuing
education is required for that year. An additional 14 hours of CE is required
for the following year, pursuant to subsection (a)(1).
3) A real estate appraiser must complete the
7-hour National USPAP Update Course or its equivalent as determined by the AQB
or an alternate method established by the AQB taught by an AQB certified
instructor who also holds a current appraiser certification by a state during
each pre-renewal period prior to renewing or converting his or her real estate
appraiser license, unless the real estate appraiser was issued his or her
initial license for a period of less than 185 days prior to the expiration
date. A real estate appraiser must complete the 7-hour National USPAP Update
Course or its equivalent by June 30 of the calendar year following the release
of USPAP. Those real estate appraisers issued a license more than 6 months
after the effective date of USPAP shall complete the 7-hour National USPAP
Update Course within 6 months after licensure.
4) Pursuant to
1455.320(g)(7),
the Division, at its discretion, may assess an administrative fee at a rate of
$100 per credit hour for CE courses completed after the Renewal Deadline. The
administrative fee shall not exceed $2,000.
5) A licensee seeking renewal shall complete
CE by the Renewal Deadline. The Division shall conduct audits to verify
compliance with this Section. If, during an audit, the Division determines that
a licensee may be deficient in complying with CE requirements, the Division may
notify the licensee of the possible deficiency.
A) If satisfactory evidence of compliance
with CE requirements is submitted by the Renewal Deadline that indicates that
the licensee complied with the CE requirements set forth in subsection (a)(1)
or (2), and subsection (a)(3), the Division will process the licensee
renewal.
B) If the licensee submits
an application for renewal and fails to submit satisfactory evidence of
compliance with CE requirements by the Renewal Deadline, the failure shall be
evidence of a violation of Section
1455.310(e)
regarding unprofessional conduct in applying for renewal of, or to procure, a
license, and as set forth in Section 15-10 of the Act. The Division shall send
notice to the licensee, indicating the commencement of disciplinary proceedings
that may result in public discipline.
b) CE Credit from Another Jurisdiction
The Division may accept evidence of successful completion of
continuing education credit from another jurisdiction if that jurisdiction's
requirements are substantially the same as the State of Illinois' and meet the
recommendations of the AQB, and if the credit was earned and submitted by the
Renewal Deadline. A real estate appraiser who wishes to obtain credit for
continuing education courses not licensed by the Division shall submit to the
Division:
1) An application provided
by the Division requesting approval for continuing education credit, signed by
the applicant, on which all questions are answered;
2) A certificate of successful completion
provided by the education provider or a certification by the jurisdiction of
the appraiser's place of residence of successful completion of the requested
continuing education credit; and
3)
The fee required by Section 1455.320.
c) CE Requirements Regarding Renewal,
Restoration or Reinstatement
Prior to returning to active status, a licensee not
authorized to practice must complete all required CE hours that would have been
required if the licensee was in an active status. The required hours must also
include the current 7-hour National USPAP Update Course or its equivalent. The
license will not be restored to active status unless and until all requirements
of this Part are met.
