Code of Massachusetts Regulations
264 CMR - BOARD OF REGISTRATION OF REAL ESTATE APPRAISERS
Title 264 CMR 9.00 - Course Approval Requirements for Providers of Primary And Continuing Education
Section 9.05 - Primary Education
Universal Citation: 264 MA Code of Regs 264.9
Current through Register 1531, September 27, 2024
(1) Each educational offering shall provide a minimum of 15 classroom hours. Courses from accredited colleges will be credited 15 hours for each academic credit hour.
(a) 50 minutes constitutes one classroom
hour.
(b) Credit shall be granted
only when an individual successfully completes an examination pertinent to the
educational offering.
(c) Courses
that include open book examination will not be approved.
(d) Primary education courses shall be in the
following areas:
1. influences on real estate
value;
2. legal considerations in
appraisal;
3. types of
value;
4. economic
principles;
5. real estate markets
and analysis;
6. valuation
process;
7. property
description;
8. highest and best
use analysis;
9. appraisal
statistical concepts;
10. sales
comparison approach (theory and application);
11. site value;
12. cost approach (theory and
application);
13. income approach
(theory and application), including:
a. gross
rent multiplier analysis,
b.
operating expense ratios, and
c.
direct capitalization;
14. valuation of partial interests;
15. Uniform Standards of Professional
Appraisal Practice; and
16.
narrative report writing (certified classifications only).
Disclaimer: These regulations may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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