Current through Register Vol. 63, No. 3, March 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 initial State Licensed
Appraiser or 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.
(b) Applicants who hold
an active Oregon State Licensed Appraiser or a 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.
(c) Applicants who cannot fulfill the
requirements in paragraph (1)(a) or (b) 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 appraisal courses as set forth in OAR
161-020-0110(2), 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 Appraisal Foundation's 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) 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) 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.
