Section 12 AAC 70.140 - Standards for acceptable education(a) To comply with the real estate appraisal education requirements of 12 AAC 70.115 for initial certification, or the registered trainee education requirements of 12 AAC 70.125, an applicant's classroom hours of instruction, as defined in 12 AAC 70.910, must relate directly to real estate appraisal theory or practices and must be obtained through (1) a member organization of the Appraisal Foundation;(2) a junior college, college, or university;(3) a course approved by the Appraiser Qualifications Board Educational Course Review Program;(4) a real estate appraisal or real estate related organization;(5) a state or federal agency or commission;(6) a proprietary school; or(7) another organization or academic institution approved by the board.(b) The board will credit only a course approved under 12 AAC 70.145 toward the classroom hours of instruction required for certification or registration.(c) An applicant's classroom hours of education for certification as a general or residential real estate appraiser must include coverage of all topics listed in the applicable Appraiser Qualification Criteria developed by the Appraiser Qualifications Board of the Appraisal Foundation, The Real Property Appraiser Qualification Criteria effective May 1, 2018, and adopted by reference.(f) The board will award credit toward the classroom hour requirement for initial certification or trainee registration for completion of a course by online education if the course (1) meets the requirements of this section and 12 AAC 70.145(d);(2) requires successful completion of a written final examination that is proctored by an official approved by the presenting college or university, or by the sponsoring organization;(3) is presented to an organized group in an instructional setting with (A) A person qualified and available to answer questions, provide information, and monitor student attendance;(B) a minimum of two classroom hours;(4) meets the requirements for courses established by the Appraiser Qualifications Board;(5) has been presented by a college or university accredited by the Commission on Colleges or a regional accreditation association that offers online education programs in other disciplines; and(6) has received approval (B) of the International Distance Education Certification Center's (IDECC) for the course design and delivery mechanism and either the approval of the (i) Appraiser Qualification Board through the AQB Course Approval Program; or(ii) licensing or certifying jurisdiction where the course is being offered, for the content of the course.(g) The board will not award credit for noninstructional course time except for a maximum of 20 hours spent writing appraisal reports for a course on that subject. The number of hours credited under this subsection may not exceed 50 percent of the total classroom hours awarded for the course for which the appraisal reports were written. The board will award credit under this subsection for no more than one course during an applicant's total classroom hours of instruction.(h) An applicant's classroom hours of instruction must include coverage of the full scope of the fundamentals of appraisal theory, principles, and practices. A course that is highly specialized or narrow in focus will not be credited toward an applicant's required classroom hours of instruction unless the applicant has also completed sufficient courses to cover the fundamental aspects of appraisal theory, principles, and practices.(i) The board will not award credit for more than eight classroom hours of instruction per day. If no breakdown of instructional, assignment, and examination hours is given for a course or seminar, the board will award three and one half classroom hours of instruction for the last day of the course or seminar and seven classroom hours of instruction for all other days of the course or seminar.(j) The board will require additional information if necessary to determine if an applicant's classroom hours of instruction meet the requirements in this section.Eff. 7/16/92, Register 123; am 4/15/94, Register 130; am 12/13/94, Register 133; am 6/13/97, Register 142; am 6/5/98, Register 146; am 4/16/2004, Register 170; am 1/16/2005, Register 173; am 5/24/2007, Register 182; am 9/14/2012, Register 203; am 6/28/2015, Register 214, July 2015; am 10/18/2017, Register 224, January 2018; am 3/28/2019, Register 229, April 2019; am 3/5/2023, Register 245, April 2023Authority:AS 08.87.020
AS 08.87.110
AS 08.87.310