Current through Register Vol. 49, No. 18, September 16, 2024
PURPOSE: This rule regulates the standards for
approval of a prelicense real estate appraisal course including the subjects,
curriculum and the minimal requirements of instructors.
(1) Providers of prelicense real estate
appraisal courses, shall obtain approval of each course from the commission,
that will be granted upon proof of compliance with the following requirements:
(A) The prelicense courses of study offered
by the course provider shall include the subjects set forth in the three
hundred (300) classroom hours for state-certified general real estate
appraisers, the two hundred (200) classroom hours for state-certified
residential real estate appraisers, the one hundred fifty (150) classroom hours
for state-licensed real estate appraisers, or any combination of;
(B) Each area of study shall be conducted and
supervised by an instructor who shall be present in the classroom at all times.
Each instructor shall be qualified by specialized preparation, training and
experience to ensure competent instruction. The qualifications of each
instructor shall be approved by the commission prior to participation in a
course of study. As a minimum requirement, each instructor shall-
1. Be a certified or licensed Missouri real
estate appraiser with at least two (2) years of real estate appraisal
experience acquired within a period of five (5) years immediately preceding the
filing for approval. The commission may waive the certification or licensure
requirements for good cause; and
2.
Have verifiable practical experience in an area of study to be taught which, in
the opinion and discretion of the commission, is substantially equivalent to
the foregoing requirements. The commission may request documentation be
provided to them; and
(C) All audio or visual teaching aids
employed by a course provider shall be used under the personal supervision of
the instructor approved to conduct the prelicense course and may not exceed
twenty percent (20%) of the total prelicense course presentation. Guest
speakers may not be used for more than ten percent (10%) of a prelicense course
presentation and they do not have to possess instructor credentials.
(2) Providers of prelicense real
estate appraisal courses shall attain approval for each course from the
Appraisal Qualifications Board (AQB) Course Approval Program or an AQB approved
course approval program prior to submitting for commission review as outlined
in section (1) of this rule. Approval by the commission will be automatically
withdrawn if the course is no longer an approved course by the AQB.
*Original authority: 339.509, RSMo 1990, amended 1998 and
339.517, RSMo 1990, amended 1990, 1993, 1998,
2003.
