(A)
An applicant for a residential real estate appraiser license, shall comply with
the following:
The applicant shall complete one hundred fifty classroom hours
of instruction in the required core curriculum listed in this paragraph and at
least one course devoted exclusively to federal, state, and municipal fair
housing law, obtained from a nationally or state recognized appraisal or real
estate organization, a college or university, community or junior college, a
proprietary school, a state or federal commission or agency, a provider
approved by the superintendent or the real estate appraiser board, or the
appraisal foundation or its boards.
Fifteen of the one hundred fifty hours shall include the
successful completion of the national uniform standards of professional
appraisal practice course or its equivalent. Equivalency shall be determined by
the appraiser qualifications board approval program or by an alternate method
established by the appraiser qualifications board. At least one of the course
instructors must be an instructor certified by the appraiser qualifications
board in national uniform standards of professional appraisal practice and who
is also a state certified appraiser in good standing.
The required core curriculum for licensing as a residential
real estate appraiser shall also include thirty hours of instruction in basic
appraisal principles, thirty hours of instruction in basic appraisal
procedures, fifteen hours of instruction in residential market analysis and
highest and best use, fifteen hours of instruction in residential appraiser
site valuation and cost approach, thirty hours of instruction in residential
sales comparison and income approaches, and fifteen hours of instruction in
residential report writing and case studies.
(B) An applicant for a residential real
estate appraiser certification shall comply with both of the following:
(1) The applicant shall satisfy one of the
following college level education requirements:
(a) Hold a bachelor's degree in any field of
study;
(b) Hold an associate's
degree in a field of study related to business administration, accounting,
finance, economics or real estate;
(c) Successful completion of thirty semester
hours of college-level courses in each of the following topic areas and hours:
(i) English composition (three
hours);
(ii) Microeconomics (three
hours);
(iii) Macroeconomics (three
hours);
(iv) Finance (three
hours);
(v) Algebra, geometry or
higher mathematics (three hours);
(vi) Statistics (three hours);
(vii) Computer science (three
hours);
(viii) Business law or real
estate law (three hours); and
(ix)
Two elective courses in any of the topics listed above, or in accounting,
geography, agricultural economics, business management or real estate (three
hours each).
(d)
Successful completion of at least thirty hours of college level examination
program examinations from each of the following subject matter areas:
(i) College algebra (three semester
hours);
(ii) College composition
(six semester hours);
(iii) College
composition modular (three semester hours);
(iv) College mathematics (six semester
hours);
(v) Principles of
macroeconomics (three semester hours);
(vi) Principles of microeconomics (three
semester hours);
(vii) Introductory
business law (three semester hours); and
(viii) Information systems (three semester
hours).
(e) Any
combination of paragraphs (B)(1)(c) and (B)(1)(d) of this rule that includes
all of the courses and hours identified.
All college-level education must be obtained from a
degree-granting institution accredited by the commission on colleges, a
regional or national accreditation association or by an accrediting agency that
is recognized by the U.S. secretary of education.
(f) An applicant does not need to satisfy the
requirements of paragraph (B)(1) for this rule only if the applicant has held a
residential appraiser's license for a minimum of five years and the applicant
has had no record of any adverse, final and non-appealable disciplinary action
affecting the license residential appraiser's legal eligibility to engage in
appraisal practice within five years immediately preceding the date of the
application residential real estate appraiser certification.
(2) The applicant shall complete
two hundred classroom hours of instruction in the required core curriculum
listed in this paragraph and at least one course devoted exclusively to
federal, state, and municipal fair housing law, obtained from a nationally or
state recognized appraisal or real estate organization, a college or
university, community or junior college, a proprietary school, a state or
federal commission or agency, a provider approved by the superintendent or the
real estate appraiser board, or the appraisal foundation or its boards.
Fifteen of the two hundred hours shall include the successful
completion of the national uniform standards of professional appraisal practice
course or its equivalent. Equivalency shall be determined by the appraiser
qualifications board approval program or by an alternate method established by
the appraiser qualifications board. At least one of the course instructors must
be an instructor certified by the appraiser qualifications board in national
uniform standards of professional appraisal practice and who is also a state
certified appraiser in good standing.
The required core curriculum for certification as a residential
real estate appraiser shall also include thirty hours of instruction in basic
appraisal principles, thirty hours of instruction in basic appraisal
procedures, fifteen hours of instruction in residential appraiser market
analysis and highest and best use, fifteen hours of instruction in residential
appraiser site valuation and cost approach, thirty hours of instruction in
residential sales comparison and income approaches, fifteen hours of
instruction in residential report writing and case studies, fifteen hours of
instruction in statistics, modeling and finance, fifteen hours of instruction
in advanced residential applications and case studies, and twenty hours of
instruction in appraisal subject matter electives.
(C) An applicant for a general real estate
appraiser certification shall comply with both of the following:
(1) The applicant shall hold a bachelor's
degree or higher degree in any field of study from an accredited college or
university. The college or university must be a degree-granting institution
accredited by the commission on colleges, a regional or national accreditation
association or by an accrediting agency that is recognized by the U.S.
secretary of education; and
(2) The
applicant shall complete three hundred classroom hours of instruction in the
required core curriculum listed in this paragraph and at least one course
devoted exclusively to federal, state, and municipal fair housing law, obtained
from a nationally or state recognized appraisal or real estate organization, a
college or university, community or junior college, a proprietary school, a
state or federal commission or agency, a provider approved by the
superintendent or the real estate appraiser board, or the appraisal foundation
or its boards.
Fifteen of the three hundred hours shall include the successful
completion of the national uniform standards of professional appraisal practice
course or its equivalent. Equivalency shall be determined by the appraiser
qualifications board approval program or by an alternate method established by
the appraiser qualifications board. At least one of the course instructors must
be an instructor certified by the appraiser qualifications board in national
uniform standards of professional appraisal practice and who is also a state
certified appraiser in good standing.
The required core curriculum for certification as a general
real estate appraiser shall also include thirty hours of instruction in basic
appraisal principles, thirty hours of instruction in basic appraisal
procedures, thirty hours of instruction in general appraiser market analysis
and highest and best use, fifteen hours of instruction in statistics, modeling
and finance, thirty hours of instruction in general appraiser sales comparison
approach, thirty hours of instruction in general appraiser site valuation and
cost approach, sixty hours of instruction in general appraiser income approach,
thirty hours of instruction in general appraiser report writing and case
studies, and thirty hours of instruction in appraisal subject matter
electives.
(D)
An applicant for licensing or certification shall satisfy the requirements of
paragraphs (A), (B)(2) and (C)(2) of this rule through distance education as
defined in paragraph (A) of rule
1301:11-7-03 of the
Administrative Code or through hours of instruction in a classroom setting.
Distance education must satisfy the requirements of paragraph (A) of rule
1301:11-7-03 of the Administrative Code.
and
distance education must be obtained from a nationally or state recognized
appraisal or real estate organization, a college or university, community or
junior college, a proprietary school, a state or federal commission or agency,
a provider approved by the superintendent or the real estate appraiser board,
or the appraisal foundation or its boards. Hours of instruction in a
classroom setting must be approved by the appraisal qualifications board of the
appraisal foundation, or obtained from a college or university, community or
junior college, a nationally or state recognized appraisal or real estate
organization, a proprietary school, a state or federal commission or agency, a
provider approved by the superintendent or the real estate appraiser board, or
the appraisal foundation or its boards.
(E) For this rule, a "classroom hour" is
defined as fifty minutes of instruction out of each sixty minute segment
attended by the student. "Classroom hour" applies to instruction held in a
classroom or in a distance education setting
as defined
in paragraph (A) of rule
1301:11-7-03
of the
Administrative Code. With the exception of the course devoted exclusively to
federal, state, and municipal fair housing law, classroom hours may be obtained
only where the minimum length of the course offering is fifteen hours, and the
individual shall successfully complete a closed-book final examination
pertinent to that course offering.
The examination must
be proctored in person or remotely by an official approved by the college or
university, or the sponsoring orgranization. Biometric proctoring as defined by
the appraiser qualifications board for the appraisal foundation is an
acceptable form of proctoring.
The examination
must be proctored by an official approved by the course provider and
the The examination must appropriately cover topics included in each
course found in paragraphs (A), (B)(2) and (C)(2) of this rule. An examination
may be written on paper or administered electronically on a computer
workstation or other device. Oral examinations are not acceptable. Courses
taken to satisfy the education requirements found in paragraphs (A), (B)(2) and
(C)(2) of this rule must not be repetitive. Experience shall not be substituted
for education.
(F) To establish
successful completion of the education requirements prescribed in this rule, an
applicant shall submit to the division of real estate a certificate,
transcript, letter or other similar documentation properly issued from the
entity at which the course or courses of education was completed. The
superintendent of real estate may request supporting documentation to determine
the acceptability of a particular course or courses.
(G) An applicant must meet the education
requirements in this rule prior to being seated for the examination.
(H) Credit toward qualifying education
requirements found in paragraphs (A), (B)(2) and (C)(2) of this rule may also
be obtained via the completion of a degree in real estate from an accredited
degree-granting college or university approved by the association to advance
collegiate schools of business, or a regional or national accreditation agency
recognized by the U.S. secretary of education, provided that the college or
university has had its curriculum reviewed by the appraiser qualifications
board of the appraisal foundation.
(I) For purposes of the requirements found in
paragraphs (B)(1) and (C)(1) of this rule, applicants with a college degree
from a foreign country may have their education evaluated for equivalency by
one of the following:
(1) An accredited,
degree granting domestic college or university;
(2) A foreign degree credential evaluation
service company that is a member of the national association of credential
evaluation services; or
(3) A
foreign degree credential evaluation service company that provides equivalency
evaluation reports accepted by an accredited degree-granting domestic college
or university or by a state licensing board that issues credentials in another
discipline.
(J) Upon
notice from the division of real estate that an application is incomplete or
incorrect as filed, the applicant shall, within thirty days of the date of the
last such notice, submit to the division the additional requested information
or the corrected application. Failure to timely submit the additional requested
information or the corrected application shall constitute just cause for the
superintendent to void the application.
(K) In accordance with requirements
established by the appraiser qualifications board, an applicant in the reserve
components of the US armed forces, who was pursuing an appraiser license or
certification prior to December 1, 2011, and who was called to active duty
between December 1, 2011 and December 31, 2014, may satisfy the 2008
qualifications required by the appraiser qualifications board for an additional
time period after January 1, 2015. The extension of time shall be equal to the
applicant's time of active duty, plus twelve months. The applicant shall
provide the superintendent with proof of being called to active duty between
December 1, 2011 and December 31, 2014 and was pursuing an appraiser license or
certification prior to December 1, 2011.
