Oregon Administrative Rules
Chapter 161 - APPRAISER CERTIFICATION AND LICENSURE BOARD
Division 10 - LICENSURE AND CERTIFICATION AND ENDORSEMENT REQUIREMENTS
Section 161-010-0035 - Prerequisite Experience and Education Requirements for State Certified General Appraisers
Universal Citation: OR Admin Rules 161-010-0035
Current through Register Vol. 63, No. 9, September 1, 2024
As a prerequisite to taking the examination for certification as a State Certified General Appraiser, an applicant shall present evidence satisfactory to the Administrator that the applicant has:
(1) At least 3,000 cumulative hours of acceptable appraisal experience, including at least 1,500 hours of appraisal experience in non-residential appraising. Cumulative experience hours must be acquired in no fewer than eighteen (18) months.
(a) Applicants whose current State Licensed
Appraiser credential was issued by the Board, and not by another state
licensing agency, are only required to submit an experience log that documents
2,000 hours of appraisal experience, of which 1,500 hours must be
non-residential in nature.
(b)
Applicants whose current State Certified Residential Appraiser credential was
issued by the Board, and not by another state licensing agency, are only
required to submit an experience log that documents 1,500 hours of
non-residential appraisal experience.
(c) Applicants who hold an active Oregon
State Licensed Appraiser credential obtained through reciprocity or in
accordance with OAR 161-015-0025, are only required to submit an experience log
that documents completion of an additional 2,000 hours of appraisal experience,
of which 1,500 hours must be non-residential in nature. Additionally, the
applicant must provide evidence to the Board, from the State issuing the
applicant's initial credential, documenting that the initial credential was
approved and issued to the applicant based upon an experience log rather than
an experience-related affidavit.
(d) Applicants who hold an active Oregon
State Certified Residential Appraiser credential obtained through reciprocity
or in accordance with OAR 161-015-0025, are only required to submit an
experience log that documents completion of an additional 1,500 hours of
non-residential appraisal experience. Additionally, the applicant must provide
evidence to the Board, from the State issuing the applicant's initial
credential, documenting that the initial credential was approved and issued to
the applicant based upon an experience log rather than an experience-related
affidavit.
(e) Applicants who
cannot fulfill the requirements in paragraph (1)(a), (b), (c) or (d) above,
must complete an experience log documenting at least 3,000 cumulative hours of
acceptable appraisal experience as set forth in paragraph (1) above.
(2) Successfully completed not less than 300 class hours of acceptable qualifying education courses as set forth in OAR 161-020-0110(2)(d), with the following exceptions as noted in paragraphs (2)(a), (2)(b) or (2)(c) below. Each applicant shall have successfully completed the 15-hour National USPAP Course, or its equivalent, within four (4) years preceding the date of application and have successfully passed an examination thereon.
(a) Applicants
holding a valid Oregon Appraiser Assistant registration may satisfy the
educational requirements for the State Certified General Appraiser credential
by completing the following additional education hours:
(A) Course(s) on General Appraiser Market
Analysis and Highest and Best Use (30 hours in not less than 15 hour
increments);
(B) Course(s) on
Statistics, Modeling and Finance (15 hours);
(C) Course(s) on General Appraiser Sales
Comparison Approach (30 hours in not less than 15 hour increments);
(D) Course(s) on General Appraiser Site
Valuation and Cost Approach (30 hours in not less than 15 hour
increments);
(E) Course(s) on
General Appraiser Income Approach (60 hours in not less than 15 hour
increments);
(F) Course(s) on
General Appraiser Report Writing and Case Studies (30 hours in not less than 15
hour increments); and
(G) Appraisal
Subject Matter Electives (30 hours in not less than 15 hour
increments).
(b)
Applicants holding a valid Oregon State Licensed Appraiser credential may
satisfy the educational requirements for the State Certified General Appraiser
credential by completing the following additional education hours:
(A) Course(s) on General Appraiser Market
Analysis and Highest and Best Use (15 hours);
(B) Statistics, Modeling and Finance (15
hours);
(C) Course(s) on General
Appraiser Sales Comparison Approach (15 hours);
(D) Course(s) on General Appraiser Site
Valuation and Cost Approach (15 hours);
(E) Course(s) on General Appraiser Income
Approach (45 hours in not less than 15 hour increments);
(F) Course(s) on General Appraiser Report
Writing and Case Studies (15 hours); and
(G) Appraisal Subject Matter Electives (30
hours in not less than 15 hour increments).
(c) Applicants holding a valid Oregon State
Certified Residential Appraiser credential may satisfy the educational
requirements for the State Certified General Appraiser credential by completing
the following additional education hours:
(A)
Course(s) on General Appraiser Market Analysis and Highest and Best Use (15
hours);
(B) Course(s) on General
Appraiser Sales Comparison Approach (15 hours);
(C) Course(s) on General Appraiser Site
Valuation and Cost Approach (15 hours);
(D) Course(s) on General Appraiser Income
Approach (45 hours in not less than 15 hour increments); and
(E) Course(s) on General Appraiser Report
Writing and Case Studies (15 hours).
(3) A Bachelor's degree or higher from an accredited college or university.
Statutory/Other Authority: ORS 674.305 & 674.310
Statutes/Other Implemented: ORS 674
Disclaimer: These regulations may not be the most recent version. Oregon 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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