Current through September 18, 2024
Authority: IC 6-1.1-31-1; IC 6-1.1-35.5-4.5
Affected: IC 6-1.1-4; IC 6-1.1-35.5-6
Sec. 7.
(a) In order
to be certified as a Level Three assessor-appraiser, an individual must do the
following:
(1) Attain certification as a
Level Two assessor-appraiser under
50 IAC
15-3-3.
(2) Successfully complete the following core
curriculum:
(A) International Association of
Assessing Officers (IAAO) Course 101, Fundamentals of Real Property Appraisal,
or an equivalent course approved by the department.
(B) IAAO Course 102, Income Approach to
Value, or an equivalent course approved by the department.
(C) IAAO Course 300, Fundamentals of Mass
Appraisal, or an equivalent course approved by the department.
(D) IAAO Course 400, Assessment
Administration, or an equivalent course approved by the department.
(E) IAAO Uniform Standards of Professional
Appraisal Practice (USPAP) Workshop 151: Uniform Standards of Appraisal
Practice, or an equivalent course approved by the department.
(3) Complete the continuing
education requirements specified in section 8 of this rule.
(b) "Course sponsor" means a
nationally recognized assessing organization, appraisal organization,
postsecondary educational institution, or other education delivery organization
approved by the department under this section to offer courses approved by the
department for Level Three assessor-appraiser certification.
(c) To be approved by the department as an
approved course sponsor, a potential course sponsor must demonstrate that it
will provide the following:
(1) Faculty
consisting of instructors certified as Level Three assessor-appraisers or who
can provide documentation of comparable professional certification or
designation.
(2) One (1) or more of
the courses listed in subsection (a)(2)(A) through (a)(2)(E).
(d) In order to demonstrate that
it meets the requirements of subsection (c), a potential course sponsor must
submit the following to the department on an application prescribed by the
department:
(1) The name and contact
information of the potential course sponsor.
(2) A brief description and schedule of all
planned courses for which the course sponsor is seeking approval.
(3) Written policies on the following:
(A) Attendance.
(B) Cancellations.
(C) Refunds.
(D) Inclement weather.
(E) Insufficient enrollment.
(F) Failure of an instructor to preside over
class sessions.
(G) Timely grading
of final examination and notification of results.
(4) A brief description of the potential
course sponsor's capability to develop and deliver consistent, quality
education and the commitment to continuous improvement and excellence in
education.
(5) Documentation
showing that the potential course sponsor has or will have faculty consisting
of individuals certified as Level Three assessor-appraisers or who can provide
documentation of comparable professional certification or designation.
The department will make a determination on the application
and will inform the sponsor in writing of the approval or disapproval of course
sponsorship and the reason or reasons therefor.
(e) The department may approve a course that
is the equivalent of an IAAO course listed in subsection (a)(2)(A) through
(a)(2)(E). A course may be determined by the department to be such an
equivalent upon a showing that the course contains the following:
(1) Instruction on one (1) of the following
subjects:
(A) Fundamentals of real property
appraisal.
(B) Income approach to
value.
(C) Fundamentals of mass
appraisal.
(D) Assessment
administration.
(E)
USPAP.
(2) Substantially
similar topic coverage as a course listed in subsection (a)(2)(A) through
(a)(2)(E).
(3) Substantially
similar learning objectives as a course listed in subsection (a)(2)(A) through
(a)(2)(E) that:
(A) conform to the learning
objectives achieved by the IAAO in the courses enumerated in subsection
(a)(2)(A) through (a)(2)(E);
(B)
clearly state the specific knowledge and skills students are expected to
acquire by completing the course;
(C) are consistent with the course
description;
(D) are consistent
with the instructional materials; and
(E) are reasonably achievable within the
number of classroom hours allotted for the course.
(4) Substantially similar student and
instructor materials as a course listed in subsection (a)(2)(A) through
(a)(2)(E) that:
(A) cover the subject matter
in sufficient depth to achieve the learning objectives of the course;
(B) provide appropriately balanced coverage
of the subject matter in view of the stated course learning objectives;
and
(C) reflect current knowledge
and practice.
(5)
Substantially similar testing given at the end of the course that is closed
book, proctored, and evaluates the students on the cumulative material covered
in the course.
(f) To
obtain approval for a course under subsection (e), the course sponsor shall
provide to the department the following at least one hundred eighty (180) days
prior to the first scheduled class session:
(1) An application on a form prescribed by
the department. The application shall contain the following information:
(A) The course title.
(B) The name and contact information of the
course sponsor.
(C) The date or
dates upon which the course shall begin and end.
(D) Number of credit hours offered, including
hours for taking the final examination.
(E) The manner of course
presentation.
(F) A statement that
this course is equivalent to one (1) of the courses enumerated in subsection
(a)(2)(A) through (a)(2)(E).
(2) The following supporting documentation:
(A) A sample of the final examination and
answer key.
(B) A course outline
that accounts for the general flow and recommended time spent on topics
contained within the course.
(C) A
course description clearly describing the content and specific learning
objectives of the course.
(D) A
document certifying satisfactory completion that shall be issued to each
student upon taking and passing the final examination of the course.
The department will make a determination on the application
and will inform the course sponsor in writing of the approval or disapproval of
the course and the reasons therefor.
(g) The department may withdraw approval of a
course sponsor upon a finding by the department that an approved course is no
longer an equivalent course.
