Idaho Admin. Code r. 24.18.01.400 - CERTIFIED GENERAL REAL ESTATE APPRAISER CLASSIFICATION APPRAISER QUALIFICATION CRITERIA
The State Certified General
01.
Education. As a prerequisite
to taking the examination for licensure as an Idaho Certified General Real
Estate Appraiser, each applicant shall: (3-28-23)
a. Hold a Bachelor's degree or higher from an
accredited degree-granting college or university; and (3-28-23)
b. Document registration as an Appraiser
Trainee and document the successful completion of not less than two hundred
twenty-five (225) classroom hours of courses in subjects related to real estate
appraisal as follows: (3-28-23)
i. Statistics,
Modeling and Finance: not less than fifteen (15) hours, specifically including
Statistics; Valuation Models (AVM's and Mass Appraisal), and Real Estate
Finance; (3-28-23)
ii. General
Appraiser Market Analysis and Highest and Best Use: not less than thirty (30)
hours; (3-28-23)
iii. General
Appraiser Sales Comparison Approach: not less than thirty (30) hours,
specifically including Value Principles, Procedures, Identification and
Measurement of Adjustments, Reconciliation, and Case Studies;
(3-28-23)
iv. General Appraiser
Site Valuation and Cost Approach: not less than thirty (30) hours;
(3-28-23)
v. General Appraiser
Income Approach: not less than sixty (60) hours, specifically including
Overview, Compound Interest, Lease Analysis, Income Analysis, Vacancy and
Collection Law, Estimating Operating Expenses and Reserves, Reconstructed
Income and Expense Statement, Stabilized Net Operating Income Estimate, Direct
Capitalization, Discounted Cash Flow, Yield Capitalization, Partial Interest,
and Case Studies; (3-28-23)
vi.
General Appraiser Report Writing and Case Studies: not less than thirty (30)
hours, specifically including Writing and Reasoning Skills, Common Writing
Problems, Report Options and USPAP Compliance, and Case Studies; and
(3-28-23)
vii. Appraisal Subject
Matter Electives: not less than thirty (30) hours, and may include hours over
the minimum shown in Subsection
400.01.b. of these rules; or
(3-28-23)
c. Document
licensure as a Licensed Residential Real Estate Appraiser and the successful
completion of not less than one hundred fifty (150) classroom hours of courses
in subjects related to real estate appraisal as follows: (3-28-23)
i. Statistics, Modeling and Finance: not less
than fifteen (15) hours, specifically including Statistics; Valuation Models
(AVM's and Mass Appraisal); and Real Estate Finance; and (3-28-23)
ii. General Appraiser Market Analysis and
Highest and Best Use: not less than fifteen (15) hours; and (3-28-23)
iii. General Appraiser Sales Comparison
Approach: not less than fifteen (15) hours, specifically including Value
Principles, Procedures, Identification and Measurement of Adjustments,
Reconciliation, and Case Studies; and (3-28-23)
iv. General Appraiser Site Valuation and Cost
Approach: not less than fifteen (15) hours; and (3-28-23)
v. General Appraiser Income Approach: not
less than forty-five (45) hours, specifically including Overview, Compound
Interest, Lease Analysis, Income Analysis, Vacancy and Collection Law,
Estimating Operating Expenses and Reserves, Reconstructed Income and Expense
Statement, Stabilized Net Operating Income Estimate, Direct Capitalization,
Discounted Cash Flow, Yield Capitalization, Partial Interest, and Case Studies;
and (3-28-23)
vi. General Appraiser
Report Writing and Case Studies: not less than fifteen (15) hours, specifically
including Writing and Reasoning Skills, Common Writing Problems, Report Options
and USPAP Compliance, and Case Studies; and (3-28-23)
vii. Appraisal Subject Matter Electives: not
less than thirty (30) hours. and may include hours over the minimum shown in
Subsection 400.01.c.; or
(3-28-23)
d. Document
licensure as a Certified Residential Real Estate Appraiser and the successful
completion of not less than one hundred five (105) classroom hours of courses
in subjects related to real estate appraisal as follows: (3-28-23)
i. General Appraiser Market Analysis and
Highest and Best Use: not less than fifteen (15) hours; and (3-28-23)
ii. General Appraiser Sales Comparison
Approach: not less than fifteen (15) hours, specifically including Value
Principles, Procedures, Identification and Measurement of Adjustments,
Reconciliation, and Case Studies; and (3-28-23)
iii. General Appraiser Site Valuation and
Cost Approach: not less than fifteen (15) hours; and (3-28-23)
iv. General Appraiser Income Approach: not
less than forty-five (45) hours, specifically including Overview, Compound
Interest, Lease Analysis, Income Analysis, Vacancy and Collection Law,
Estimating Operating Expenses and Reserves, Reconstructed Income and Expense
Statement, Stabilized Net Operating Income Estimate, Direct Capitalization,
Discounted Cash Flow, Yield Capitalization, Partial Interest, and Case Studies;
and (3-28-23)
v. General Appraiser
Report Writing and Case Studies: not less than fifteen (15) hours, specifically
including Writing and Reasoning Skills, Common Writing Problems, Report Options
and USPAP Compliance, and Case Studies. (3-28-23)
02.
Experience. Experience is a
prerequisite to sit for the licensure examination: (3-28-23)
a. Document three thousand (3,000) hours of
appraisal experience in no less than eighteen (18) months (See Subsection
250.02). Experience
documentation in the form of reports or file memoranda should be available to
support the claim for experience. (3-28-23)
b. One thousand five hundred (1,500) hours of
the experience must be non-residential appraisal experience. The balance of one
thousand five hundred (1,500) hours may be solely residential experience or can
include up to five hundred (500) hours of non-field experience as outlined in
Subsection 250.02.d. (3-28-23)
c. Examination. Successful completion of the
Certified General Appraiser examination approved by the Board pursuant to the
guidelines of the Appraisal Qualifications Board. (3-28-23)
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.