Ill. Admin. Code tit. 68, § 1455.170 - Experience Requirements for a State Certified General Real Estate Appraiser License and State Certified Residential Real Estate Appraiser License
a) Any person who
makes an application for a State Certified General Real Estate Appraiser
License shall be required, as a pre-requisite to examination, to provide
evidence of obtaining 3,000 hours of appraisal experience during no fewer than
18 months, of which 1,500 hours shall be in non-residential appraisal work, and
shall submit that evidence to the Division as required by Section
1455.190. Experience used to
obtain a State Certified Residential Real Estate Appraiser License may apply to
this requirement. The total number of submitted appraisal experience hours
shall not exceed 4,000.
b) Any
person who makes an application for a State Certified Residential Real Estate
Appraiser License shall be required, as a pre-requisite to examination, to
provide evidence of obtaining no fewer than 1,500 hours of appraisal experience
during at least 12 months and shall submit that evidence to the Division as
required by Section 1455.190. The total number of
submitted appraisal experience hours shall not exceed 2,000.
c) Waiver valuations prepared in accordance
with Section 5-5 of the Act shall not be counted toward appraisal experience
credit for any credential classification.
d) Alternative experience programs approved
by the AQB, such as PAREA or a practicum course, may serve as a substitute to
the traditional supervisor trainee experience requirements as prescribed in
this Part.
1) Alternative experience programs
such as PAREA may fulfill the requirements for residential appraisal experience
that is for both the Certified General and Certified Residential
License.
2) Practicum courses
approved by both the AQB, and the Division may fulfill all or part of the
required appraisal experience and can be used in combination with the
traditional supervisor trainee experience.
3) 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.
Notes
Amended at 29 Ill. Reg. 16445, effective October 13, 2005
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