Current through Register Vol. 51, No. 19, September 20, 2024
A. Effective
January 1, 2008, in order to meet the 150-hour requirement set forth in
Regulation .01 of this chapter, an applicant shall, at a minimum, have
completed the required Appraiser Qualifications Board core curriculum for the
licensed education requirements, as follows:
(1) Basic appraisal principles-30
hours;
(2) Basic appraisal
procedures-30 hours;
(3) The
15-hour national Uniform Standards of Professional Appraisal Practice course or
its equivalent-15 hours;
(4)
Residential market analysis and highest and best use-15 hours;
(5) Residential appraiser site valuation and
cost approach-15 hours;
(6)
Residential sales comparison and income approaches-30 hours; and
(7) Residential report writing and case
studies-15 hours.
B.
Effective January 1, 2008, in order to meet the 200-hour requirement set forth
in Regulation .01 of this chapter, an applicant shall, at a minimum, have
completed the required Appraiser Qualifications Board core curriculum for the
certified residential education requirements, as follows:
(1) Basic appraisal principles-30
hours;
(2) Basic appraisal
procedures-30 hours;
(3) The
15-hour national Uniform Standards of Professional Appraisal Practice course or
its equivalent-15 hours;
(4)
Residential market analysis and highest and best use-15 hours;
(5) Residential appraiser site valuation and
cost approach-15 hours;
(6)
Residential sales comparison and income approaches-30 hours;
(7) Residential report writing and case
studies-15 hours;
(8) Statistics,
modeling and finance-15 hours;
(9)
Advanced residential applications and case studies-15 hours; and
(10) Appraisal subject matter electives-20
hours.
C. Effective
January 1, 2008, in order to meet the 300-hour requirement set forth in
Regulation .01 of this chapter, an applicant shall, at a minimum, have
completed the required Appraiser Qualifications Board core curriculum for the
certified general education requirements, as follows:
(1) Basic appraisal principles-30
hours;
(2) Basic appraisal
procedures-30 hours;
(3) The
15-hour national Uniform Standards of Professional Appraisal Practice course or
its equivalent-15 hours;
(4)
General appraiser market analysis and highest and best use-30 hours;
(5) Statistics, modeling and finance-15
hours;
(6) General appraiser site
comparison approach-30 hours;
(7)
General appraiser site valuation and cost approach-30 hours;
(8) General appraiser income approach-60
hours;
(9) General appraiser report
writing and case studies-30 hours; and
(10) Appraisal subject matter electives-30
hours.
D. Effective
January 1, 2015, in order to meet the 75-hour requirement and the Trainee
Appraiser Expectation and Responsibilities Course set forth in Regulation .01D
of this chapter, an applicant shall, at a minimum, have completed the required
Appraiser Qualifications Board core curriculum for the trainee education
requirements, as follows:
(1) Basic appraisal
principles-30 hours;
(2) Basic
appraisal procedures-30 hours;
(3)
The 15-hour national Uniform Standards of Professional Appraisal Practice
course or its equivalent-15 hours; and
(4) Trainee appraiser and responsibilities
course.
E. Continuing
education credit may be granted for educational offerings that:
(1) Are consistent with the purpose of
ensuring that appraisers participate in a program that maintains and increases
their skill, knowledge, and competency in real property appraising;
and
(2) Cover real property related
appraisal topics, including, but not limited to:
(a) Ad valorem taxation;
(b) Arbitration and dispute
resolution;
(c) Courses related to
the practice of real estate appraisal or consulting;
(d) Development cost estimating;
(e) Ethics and standards of professional
practice under the Uniform Standards of Professional Appraisal
Practice;
(f) Land use planning and
zoning
(g) Management, leasing, and
timesharing;
(h) Property
development and partial interests;
(i) Real estate law, easements, and legal
interests;
(j) Real estate
litigation, damages, and condemnation;
(k) Real estate financing and
investment;
(l) Real estate
appraisal related computer applications;
(m) Real estate securities and
syndication;
(n) Developing
opinions of real property value in appraisal that also include personal
property and/or business value;
(o) Seller concessions and impact on value;
and
(p) Energy efficient items and
"green building" appraisals.
F. Requirement for Appraisal Standards of
Conduct and Ethics.
(1) Effective January 1,
2003, individuals seeking to meet the educational requirement under this
regulation shall successfully complete the 15-hour national Uniform Standards
of Professional Appraisal Practice (USPAP) course or its equivalent for
qualifying education, as determined by the Appraiser Qualifications Board (AQB)
of the Appraisal Foundation.
(2)
The course shall be taken from an instructor who is:
(a) An AQB certified USPAP instructor;
and
(b) A State certified
residential appraiser or State certified general appraiser.
