Fla. Admin. Code Ann. R. 61J1-5.001 - Appraisal Examination Areas of Competency
(1) To be certified as an appraiser, the
applicant must demonstrate by passing an examination that is appropriate for
the classification applied for, that he or she possesses:
(a) A knowledge of technical terms commonly
used in real estate appraisal.
(b)
An understanding of the principles of land economics, real estate appraisal
processes, reliable sources of appraising data, and problems likely to be
encountered in the gathering, interpreting, and processing of data in carrying
out appraisal disciplines.
(c) An
understanding of the standards for the development and communication of real
estate appraisals as provided in the Real Estate Appraisal License
Law.
(d) An understanding of the
types of misconduct for which disciplinary proceedings may be initiated against
a licensed or certified appraiser as provided in the Real Estate Appraisal
License Law.
(e) Knowledge of
theories of depreciation, cost estimating, methods of capitalization, and the
mathematics of real estate appraisal.
(2)
(a) The
Board adopts the passing score for the national uniform examination as
determined by the Appraisal Qualifications Board (AQB) of the Appraisal
Foundation or any successor body recognized by federal law.
(b) A passing score on the Florida
Supplemental examination shall be a score of 75% or better. All questions shall
be weighed equally and percentages shall be rounded off to whole numbers. In
rounding percentages, any percentage which is point five (.5) or above shall be
rounded up to the next whole number. Percentages less than point five (.5)
shall be dropped. The passing score is valid for 24 months from the date of the
examination.
(3) The
subject content of the examination shall be as endorsed by the Appraisal
Foundation as defined in Section
475.611(1)(b),
F.S.
Notes
Specific Authority 455.217, 475.614 FS. Law Implemented 455.217, 475.616 FS.
New 10-15-91, Formerly 21VV-5.001, Amended 2-16-04, 12-11-07, 3-24-09.
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