a) Associate Real Estate Trainee
1) Any person who makes application for an
Associate Real Estate Trainee Appraiser License shall be required to
successfully complete 75-classroom hours of qualifying education in subjects
related to real estate appraisal, as set forth in this Part, which shall
include 15 hours of instruction of USPAP or its AQB equivalent and taught by an
AQB certified instructor.
2) All
qualifying education credits shall be accepted only if the education providers
and courses are approved by the Division. All 75 hours of qualifying education
for the Associate Real Estate Trainee Appraiser credential must be completed
within the five-year period immediately preceding the date of initial
application for an Associate Real Estate Trainee Appraiser
credential.
3) Effective January 1,
2026, a trainee applicant must complete a total of 83-classroom hours of
qualifying education, which shall include the 15-hour national USPAP course or
its AQB equivalent, with an additional eight-hour course and examination on
valuation bias and fair housing laws and regulations approved by the AQB. The
requirements of the remaining hours of qualifying education shall remain the
same or as set forth by the AQB, and in federal and State law.
b) Certified Residential
An applicant for licensure as a State Certified Residential
Real Estate Appraiser shall meet the following criteria:
1) 1,500 hours of experience obtained during
no fewer than 12 months is required, of which, no less than 50% must be in
residential one-to-four units, USPAP compliant, appraisal work. While the hours
may be cumulative, the required number of months must accrue before an
individual can be certified;
2) 200
hours of modular appraisal education as stated in the Guide Notes (GN-1) of the
Real Property Appraiser Qualification Criteria;
3) Utilize one of the six formal education
options, as follows:
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Option 1
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Bachelor's Degree or higher or equivalent in any
field of study from a degree-granting college, community college or university;
or
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Option 2
|
Associate Degree in a field of study related
to:
* Business Administration;
* Accounting;
* Finance;
* Economics; or
* Real Estate; or
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Option 3
|
Successful completion of 30 semester hours of
college-level courses in each of the following topic areas:
* English Composition - 3 hours;
* Microeconomics - 3 hours;
* Macroeconomics - 3 hours;
* Finance - 3 hours;
* Algebra, Geometry, or higher mathematics - 3
hours;
* Statistics - 3 hours;
* Computer Science - 3 hours;
* Business Law or Real Estate Law - 3 hours;
and
* Two elective courses in any of the previous topics
in Option 3 or in:
* Accounting, Geography, Agricultural Economics,
Business Management, or
Real Estate - 3 hours each; or
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Option 4
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Successful completion of at least 30 semester hours
of College Level Examination Program (CLEP) examinations that cover each of the
specific topic areas in the CLEP Equivalency Table below; or
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Option 5
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Any combination of Option 3 and Option 4 that ensures
coverage of the topics and hours identified; or
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Option 6
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No college-level education provided that the
applicant held an active credential as a Licensed Residential Appraiser for a
minimum of five years and has no record of any adverse, final, and
non-appealable enforcement action affecting the Licensed Residential
Appraiser's legal eligibility to engage in appraisal practice within the five
years immediately preceding the date of application for a Certified Residential
credential.
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|
CLEP Equivalency
Table
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CLEP Exams
|
CLEP Semester
Hours Granted
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Applicable College Courses
|
|
College Algebra
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3
|
Algebra, Geometry, Statistics, or Higher
Mathematics
|
|
College Composition
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6
|
English Composition
|
|
College Composition Modular
|
3
|
English Composition
|
|
College Mathematics
|
6
|
Algebra, Geometry, Statistics, or Higher
Mathematics
|
|
Principles of Macroeconomics
|
3
|
Macroeconomics or Finance
|
|
Principles of Microeconomics
|
3
|
Microeconomics or Finance
|
|
Introductory Business Law
|
3
|
Business Law or Real Estate Law
|
|
Information Systems
|
3
|
Computer Science
|
4) If
an applicant for licensure submits integrated course credit for approval, the
course must have been approved by the Course Approval Program of the AQB and a
topic matrix revealing the exact number of hours for each section of course
content must be provided for review. Only integrated course credit bundled
together to equal a module approved by the AQB will be accepted. Partial credit
toward a module will not be accepted. It is the applicant's responsibility to
demonstrate compliance as part of the application.
c) Certified General
An applicant for licensure as a State Certified General Real
Estate Appraiser shall meet the following criteria:
1) 3,000 hours of experience obtained during
no fewer than 18 months is required, of which 1,500 hours must be in
non-residential appraisal work. Experience used to obtain a State Certified
Residential Real Estate Appraiser License may apply to this requirement. While
the hours may be cumulative, the required number of months must accrue before
an individual can be certified;
2)
300 hours of modular appraisal education as stated in the Required Core
Curriculum of the Real Property Appraiser Qualification Criteria;
3) Bachelor's degree or higher from an
accredited college or university or equivalent (see subsections (e) and (f));
and
4) If an individual applicant
for licensure submits integrated course credit for approval, the course must
have been approved by the Course Approval Program of the AQB and a topic matrix
revealing the exact number of hours for each section of course content must be
provided for review. Only integrated course credit bundled together to equal a
module approved by the AQB will be accepted. Partial credit toward a module
will not be accepted. It is the applicant's responsibility to demonstrate
compliance as part of the application.
d) Qualifying Education from Other
Jurisdictions
The Division may accept evidence of successful completion of
qualifying education credit from another jurisdiction, if that jurisdiction's
requirements are substantially the same as those of the State of Illinois and
meet the minimum licensing requirements of the Real Property Appraiser
Qualification Criteria. Any such credits may be in modular format for
licensure. A real estate appraiser who wishes to obtain credit for qualifying
education courses not licensed by the Division shall submit to the
Division:
1) A completed application in
a manner prescribed by the Division requesting approval for qualifying
education credit which is signed by the applicant;
2) A certificate of successful completion
provided by the education provider, a certification by the jurisdiction of the
appraiser's licensure and successful completion of the requested qualifying
education credit, or any other evidence to be considered by the Division;
and
3) The fee required by Section
1455.320.
e) Credit toward qualifying education
requirements may also be obtained by completing a graduate (masters or
doctoral) degree in Real Estate from an accredited college or university
approved by The Association to Advance Collegiate Schools of Business, or a
regional or national accreditation agency recognized by the U.S. Secretary of
Education, provided that the college or university has had its curriculum
reviewed and approved by the AQB.
f) Applicants seeking credit for foreign
degrees shall submit a completed evaluation of their education credentials by
an evaluation agency to convert the credentials to American equivalent semester
credits and courses. Only evaluation agencies recognized by the Illinois State
Board of Education will be permitted to conduct the evaluations.
g) Alternative experience programs approved
by the AQB, such as PAREA or a practicum course, may serve as a substitute to
the traditional supervisor and trainee experience requirements as prescribed in
this Part. An applicant who chooses alternative experience must comply with all
AQB or federal requirements of that program and provide proof of compliance and
successful completion as required by Section
1455.200 and this
Subpart.
