Current through Register 1527, August 2, 2024
Section 5.09 - Required Core Curricula(1)Appraisal Trainee. (a) 30 hours in Basic Appraisal Principles;(b) 30 hours in Basic Appraisal Procedures; and(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board.(2)State-licensed Appraiser. (a) 30 hours in Basic Appraisal Principles;(b) 30 hours in Basic Appraisal Procedures;(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;(d) 15 hours in Residential Market Analysis and Highest and Best Use;(e) 15 hours Residential Appraiser Site Valuation and Cost Approach;(f) 30 hours Residential Sales Comparison and Income Approaches; and(g) 15 hours Residential Report Writing and Case Studies.(3)Certified Residential Appraiser. (a) 30 hours in Basic Appraisal Principles;(b) 30 hours in Basic Appraisal Procedures;(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;(d) 15 hours in Residential Market Analysis and Highest and Best Use;(e) 15 hours Residential Appraiser Site Valuation and Cost Approach;(f) 30 hours Residential Sales Comparison and Income Approaches;(g) 15 hours Residential Report Writing and Case Studies;(h) 15 hours Statistics, Modeling and Finance;(i) 15 hours Advanced Residential Applications and Case Studies; and(j) 20 hours Appraisal Subject Matter Electives - This may include additional hours in above topics.(4)Certified General Appraiser.(a) 30 hours in Basic Appraisal Principles;(b) 30 hours in Basic Appraisal Procedures;(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;(d) 30 hours in General Appraiser Market Analysis and Highest and Best Use;(e) 15 hours Statistics, Modeling and Finance;(f) 30 hours in General Appraiser Sales Comparison Approaches;(g) 30 hours in General Appraiser Site Valuation and Cost Approach;(h) 60 hours in General Appraiser Income Approach;(i) 30 hours in General Appraiser Report Writing and Case Studies; and(j) 30 hours in Other Appraisal Subject Matter Primary Courses - This may include additional hours in above topics.Amended by Mass Register Issue 1323, eff. 10/7/2016.Amended by Mass Register Issue 1416, eff. 5/1/2020.