Ala. Admin. Code r. 780-X-3-.06 - Qualifying Education Curricula Approved by the Board for Licensure as a Real Property Appraiser
In accordance with Code of Ala. 1975, § 34-27A-5(b)(13), which provides that the Board shall include in its regulations educational requirements for all classes of licensure of real estate appraisers, the Board will accept applications from individuals who can demonstrate that they have completed the following education requirements:
(1)
Trainee Real Property
Appraiser.
(a) Every
applicant for a Trainee Real Property Appraiser license must submit
satisfactory evidence of a high school diploma or its equivalent and must
demonstrate that he or she has completed 75 classroom hours of education in the
following subjects within the five years preceding the submission of the
application:
1. 30 Hours Basic Appraisal
Principals;
2. 30 Hours Basic
Appraisal Procedures;
3. The
15-hour National USPAP course or its equivalent as determined by the
AQB.
4. In addition to the 75
hours, a course, that at a minimum, complies with the specifications for course
content established by the AQB, which is specifically oriented to the
requirements and responsibilities of Supervisory Appraisers and Trainee
appraisers.
(2)
State Registered Real Property Appraiser.
(a) Every applicant for a State Registered
Real Property Appraiser license must submit satisfactory evidence of a high
school diploma or its equivalent and must demonstrate that he or she has
completed 75 classroom hours of appraisal education in the following subjects:
1. 30 Hours Basic Appraisal
Principals;
2. 30 Hours Basic
Appraisal Procedures; 3. The 15-hour National USPAP course or its equivalent as
determined by the AQB.
(b) The 75 hours of appraisal education
submitted with an Alabama Trainee Real Property Appraiser application may be
used in meeting the education requirements set out herein.
(3)
Licensed Real Property
Appraiser.
(a) Every
applicant for a Licensed Real Property Appraiser license must submit proof of a
high school diploma or its equivalent and that he or she has completed 150
classroom hours of appraisal education in the following subjects:
1. 30 Hours Basic Appraisal
Principals;
2. 30 Hours Basic
Appraisal Procedures;
3. The 15-hour
National USPAP course or its equivalent as determined by the AQB. The USPAP
course which fulfills this requirement must have been completed within 24
months immediately preceding the date the application is filed with the
Board;
4. 15 Hours Residential
Market Analysis and Highest and Best Use;
5. 15 Hours Residential Appraiser Site
Valuation and Cost Approach;
6. 30
Hours Residential Sales Comparison and Income Approaches;
7. 15 Hours Residential Report Writing and
Case Studies.
(b) The 75
hours of appraisal education submitted with an Alabama Trainee Real Property
Appraiser or Alabama State Registered Real Property Appraiser application may
be used in meeting the education requirements set out
herein.
(4)
Certified Residential Real Property
Appraiser.
(a) Every
applicant for a Certified Residential Real Property Appraiser license must have
a high school diploma or its equivalent and have completed at least one of the
following five options:
1. Proof of a
Bachelor's Degree in any field of study from a university or college accredited
by SACS or an equivalent United States organization; or
2. Proof of an Associate's Degree from a
community or junior college accredited by SACS or an equivalent United States
organization in a field of study related to Business Administration,
Accounting, Finance, Economics or Real Estate; or
3. Successful completion of the following
college-level courses for a total of thirty (30) semester hours:
(i) three (3) hours English
Composition;
(ii) three (3) hours
Micro Economics;
(iii) three (3)
hours Macro Economics;
(iv) three
(3) hours Finance;
(v) three (3)
hours Algebra, geometry, or higher mathematics;
(vi) Business or real estate law;
(vii) three (3) hours Statistics;
(viii) three (3) hours Computer Science;
and
(ix) two elective courses (of
three semester hours each) in any of the topics listed above or in accounting,
geography, agricultural economics, business management, or real
estate.
4. Successful
completion of at least thirty (30) hours of College Level Examination Program
(CLEP) examinations from the following subject matter areas:
(i) College Algebra (3 semester
hours);
(ii) College Composition (6
semester hours);
(iii) College
Composition Modular (3 semester hours);
(iv) College Mathematics (6 semester
hours);
(v) Principles of
Macroeconomics (3 semester hours);
(vi) Principles of Microeconomics (3 semester
hours);
(vii) Introductory Business
Law (3 semester hours);
(viii)
Information Systems (3 semester hours); or
5. Any combination of college level courses
and CLEP exams that includes all of the topics identified in section 3
above.
6. An individual who has
been licensed as a Licensed Real Property Appraiser for a period of at least
five (5) years and who has not had a complaint filed against them which could
result in discipline action for five (5) years immediately preceding the date
of application is exempt from the college education
requirement.
(b) A minimum
of 200 classroom hours of Board-approved appraisal education in the following
subjects:
1. 30 Hours Basic Appraisal
Principals;
2. 30 Hours Basic
Appraisal Procedures;
3. The
15-hour National USPAP course or its equivalent as determined by the AQB. The
USPAP course which fulfills this requirement must have been completed within 24
months immediately preceding the date the application is filed with the
Board;
4. 15 Hours Residential
Market Analysis and Highest and Best Use;
5. 15 Hours Residential Appraiser Site
Valuation and Cost Approach;
6. 30
Hours Residential Sales Comparison and Income Approaches;
7. 15 Hours Residential Report Writing and
Case Studies;
8. 15 Hours
Statistics, modeling and Finance;
9.
15 Hours Advanced Residential Applications and Case Studies;
10. 20 Hours Appraisal Subject Matter
Electives.
(c) Appraisal
education submitted with a prior application for an Alabama Real Property
Appraiser license may be used in meeting the education requirements set out
herein.
(d) Education previously
approved by the Board for any licensure classification is deemed to meet the
AQB appraiser qualifications for licensure at the level for which an
application was submitted provided that applicant successfully passed the state
license examination and a license was issued to the applicant. That education
need not be repeated to satisfy the education requirements for a higher level
of licensure by the applicant.
(5)
Certified General Real
Property Appraiser.
(a)
Every applicant for a Certified General Real Property Appraiser license must
demonstrate that he or she has completed the following education requirements:
1. A Bachelor's degree or higher from a
college or university accredited by the Southern Association of colleges and
Schools or a similar recognized entity within the United States; and
2. A minimum of 300 classroom hours of
education in the following subjects:
(i) 30
Hours Basic Appraisal Principals;
(ii) 30 Hours Basic Appraisal
Procedures;
(iii) The 15-hour
National USPAP course or its equivalent as determined by the AQB. The USPAP
course which fulfills this requirement must have been completed within 24
months immediately preceding the date the application is filed with the
Board;
(iv) 30 Hours General
Appraiser Market Analysis and Highest and Best Use;
(v) 30 Hours General Appraiser Site Valuation
and Cost Approach;
(vi) 30 Hours
General Appraiser Sales Comparison Approach;
(vii) 60 Hours General Appraiser Income
Approach;
(viii) 15 Hours
Statistics, Modeling and Finance;
(ix) 30 Hours General Appraiser Report
Writing and Case Studies;
(x) 30
Hours Appraisal Subject Matter Electives.
3. Appraisal education submitted with a prior
application for a Real Property Appraiser license may be used in meeting the
education requirements set out herein if the applicant was issued a license as
a result of that application and that license has been active since it was
issued.
4. Education previously
approved by the Board for any licensure classification is deemed to meet the
AQB appraiser qualifications for licensure at the level for which an
application was submitted provided that applicant successfully passed the state
license examination and a license was issued to the applicant. That education
need not be repeated to satisfy the education requirements for a higher level
of licensure by the applicant.
Notes
Author: Alabama Real Estate Appraisers Board
Statutory Authority: Code of Ala. 1975, § 34-27A-5.
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