The following specifications apply to the experience requirements for all classifications of licensure and certification:
Type of Property | Credited Hours |
1. one unit residential properties with full interior inspection | 8 |
2. one unit residential properties having a transaction value of more than $1,000,000 and complex one unit residential properties having a transaction value of more than $250,000 with full interior inspection | 10 |
3. one unit residential properties with exterior only inspection | 6 |
4. two to four unit residential properties with full interior inspection | 12 |
5. two to four unit residential properties having a transaction value of more than $1,000,000 and complex two to four unit residential properties having a transaction value of more than $250,000 with full interior inspection | 14 |
6. two to four unit residential properties with exterior only inspection | 6 |
7. vacant or unimproved land that is to be utilized for one to four unit residential properties, and where the highest and best use is for one to four unit residential purposes (one to 25 acres) | 6 |
8. vacant or unimproved land that is to be utilized for one to four unit residential properties, and where the highest and best use is for one to four unit residential purposes (more than 25 acres) | 10 |
9. vacant or unimproved land that is to be utilized for nonresidential (commercial) properties | 40 |
10. Residential Multi-family (five to 12 units): Apartments, condominiums, townhouses and mobile home parks | 40 |
11. Residential Multi-family (13 or more units): Apartments, condominiums, townhouses, and mobile home parks | 45 |
12. Commercial (one to five tenants) [Office building, retail store, restaurant, service station, bank, day-care, etc.] | 40 |
13. Commercial (six or more tenants) [Office building, shopping center, hotel/motel, etc.] | 60 |
14. Industrial [Warehouse, manufacturing plant, etc.] - One tenant | 40 |
15. Industrial [Warehouse, manufacturing plant, etc.] - Multi-tenant | 60 |
16. Institutional [Nursing home, hospital, school, church, government building, etc.] | 64 |
17. Other special use properties deemed complex by the supervisor (this shall include feasibility analysis) | Up to 80* |
18. Other special use properties deemed non-complex by the supervisor | Up to 40* |
* A maximum of 25% of credited hours may be earned in categories 17 and 18.
Type of Appraisal Work | Credited Hours |
1. Restricted Appraisal Reports | 25% of credited hours that would have been awarded for the appraisal had it not been restricted. |
2. Ad valorem tax appraisals | 16 |
3. Mass appraisals performed in accordance with USPAP Standards Rule 6 | 24 |
4. Market analysis or consulting analysis completed in accordance with USPAP | 8 |
5. Comparative Market Analysis in which a value is prepared in conformity with USPAP Standards Rules 1 and 2 | 4 |
264 CMR 5.06