Current through Register Vol. 43, No. 12, March 20, 2024
(a) Each sponsor of a continuing education
course approved by the board shall ensure that each appraiser participates in a
program that maintains and increases the appraiser's skill, knowledge, and
competency in real estate appraising.
(b) Courses approved by the board for renewal
of a license or certificate shall cover real estate-related appraisal topics
that may include the following:
(1) Mass
appraisal;
(2) arbitration and
dispute resolution;
(3) courses
related to the practice of real estate appraisal or consulting;
(4) development cost estimating;
(5) ethics and standards of professional
practice;
(6) land use planning and
zoning;
(7) management, leasing,
and time-sharing;
(8) property
development and partial interests;
(9) real estate appraisal;
(10) real estate law, easements, and legal
interests;
(11) real estate
litigation, damages, and condemnation;
(12) real estate financing and
investment;
(13) real estate
appraisal-related computer applications;
(14) real estate securities and
syndication;
(15) developing
opinions of real property value in appraisals that also include personal
property or business value, or both;
(16) seller concessions and the impact on
real estate value; and
(17)
energy-efficient items and appraisals of "green buildings."
(c) The length of each course
approved for continuing education credit shall be at least two classroom
hours.
(d) Any distance education
course may be approved for continuing education credit if all of the following
conditions are met:
(1) The course provides an
environment in which the student has verbal or written communication with the
instructor.
(2) The sponsor obtains
course content approval from any of the following:
(A) The appraiser qualifications
board;
(B) an appraiser licensing
or certifying agency in this or any other state; or
(C) an accredited college, community college,
or university that offers distance education programs and is approved or
accredited by the commission on colleges, a regional or national accreditation
association, or an accrediting agency that is recognized by the U.S. secretary
of education. Each non-academic credit college course provided by a college
shall be approved by the appraiser qualifications board or the appraiser
licensing or certifying agency in another state.
(3) The course design and delivery are
approved by one of the following:
(A) An
appraiser qualifications board-approved organization;
(B) a college that qualifies for course
content approval as specified in paragraph (d)(2)(C) and awards academic credit
for the distance education course; or
(C) a college that qualifies for course
content approval as specified in paragraph (d)(2)(C) with a distance education
delivery program that approves the course design and includes a delivery system
incorporating interactivity.
(4) Each course includes at least one of the
following:
(A) A written examination proctored
by an official approved by the college or university or by the sponsor;
or
(B) successful completion of
prescribed course components required to demonstrate knowledge of the subject
matter.
(e)
To receive credit for a course, each applicant shall attend all classroom
hours, even when the number of credit hours for which a course is approved is
less than the total number of hours of the course presentation.
(f) The only course for which students or
instructors may receive credit for attending or instructing any subsequent
offering of the course after attending or teaching the course during the same
education cycle shall be any update of the ethics and standards of professional
practice course.
This regulation shall be effective on and after January 1,
2015.
