32 §14035. Certified general real property appraiser
Title 32: PROFESSIONS AND OCCUPATIONS
Chapter 124: REAL ESTATE APPRAISAL LICENSING AND CERTIFICATION HEADING: PL 1999, C. 185, §5 (NEW)
Subchapter 3: CERTIFIED GENERAL, CERTIFIED RESIDENTIAL, REAL PROPERTY APPRAISER, APPRAISER TRAINEE, TEMPORARY LICENSE HEADING: PL 1999, C. 185, §5 (NEW)
§14035. Certified general real property appraiser
1. Scope of license. A certified general real property appraiser license entitles the holder to appraise all types of real property.
[ 2005, c. 518, §6 (NEW) .]
2. Professional qualifications. An applicant for a certified general real property appraiser license must meet the licensing requirements promulgated by the appraiser qualifications board. Each applicant must:
A. Hold a bachelor's or higher degree from an accredited college or university or have successfully passed 30 semester credit hours in the following college-level subject matter courses from an accredited college, junior college, community college or university:
(1) English composition;
(2) Microeconomics;
(3) Macroeconomics;
(4) Finance;
(5) Algebra, geometry or higher mathematics;
(6) Statistics;
(7) Introduction to computers, word processing and spreadsheets;
(8) Business or real estate law; and
(9) Two elective courses in accounting, geography, agricultural economics, business management or real estate.
An applicant may receive credit for a college course for an exam taken through a college-level examination program if a college or university accredited by a commission on colleges, a regional or national accreditation association or an accrediting agency that is recognized by the United States Secretary of Education accepts the exam and issues a transcript showing its approval; [2005, c. 518, §6 (NEW).]
B. Satisfactorily complete 300 creditable class hours as specified in the appraiser qualifications board's required core curriculum, which must include the 15-hour national uniform standards of professional appraisal practice course and examination; [2005, c. 518, §6 (NEW).]
C. Pass the appraiser qualifications board's uniform state-certified general real property appraiser examination; and [2005, c. 518, §6 (NEW).]
D. Hold a valid license under this chapter and demonstrate 3,000 hours of appraisal experience obtained during no fewer than 30 months, including 1,500 hours of nonresidential appraisal work. [2005, c. 518, §6 (NEW).]
[ 2005, c. 518, §6 (NEW) .]
3. Effective date. This section takes effect January 1, 2008.
[ 2005, c. 518, §6 (NEW) .]
SECTION HISTORY
2005, c. 518, §6 (NEW).