264 CMR, § 9.05 - Primary Education

(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).

Notes

264 CMR, § 9.05

Amended by Mass Register Issue 1323, eff. 10/7/2016.