Ill. Admin. Code tit. 68, § 1455.200 - Traditional Experience Credit and Alternative Experience Credit
a) Traditional
Experience Credit
1) Acceptable appraisal
experience shall include, but is not limited to, independent fee and staff
appraisal, ad valorem tax appraisal, condemnation appraisal, review appraisal,
appraisal analysis, highest and best use analysis, and feasibility
analysis/study. All appraisal experience shall conform to the version of USPAP
that is effective on the date the report is signed and shall meet the
requirements of the AQB. All experience credit must have been obtained after
January 30, 1989.
2) A traditional
client is not necessary for an appraisal to qualify for appraisal experience.
An hour of appraisal experience is defined as verifiable time spent in
performing tasks in accordance with acceptable appraisal experience as
identified by the Real Property Appraiser Qualification Criteria.
3) Time spent in travel to and from the
subject property and to other data sources shall not count toward appraisal
experience.
b)
Alternative AQB Approved Experience Credit
1)
AQB approved, alternative experience programs, such as PAREA and practicum
courses, that utilize simulated training or other training methods qualify as
USPAP compliant experience and credit towards licensure.
2) The Division will accept and approve
certification from programs approved by the AQB, such as PAREA and practicum
courses, that serve as an alternative to the traditional experience
requirements of supervisor and trainee or as prescribed in this Part.
3) Applicants who receive a valid certificate
of completion from an AQB-approved, alternate experience program, will be
considered to have met the allotted experience requirements as outlined in the
AQB criteria for that specific program and pursuant to the experience
requirements for licensure in this Part.
4) To qualify as credible experience for
purposes of an application for licensure with the Division, the applicant must
submit a certificate of completion from the AQB approved program that verifies
the required experience hours and is signed by the education provider or entity
that is approved to provide the alternate experience program.
5) Applicants claiming alternative experience
credit pursuant to this subsection, may not receive partial credit hours for
their experience received if they did not complete the alternative experience
program in its entirety.
6)
Applicants must still fulfill all the other prerequisites and requirements for
licensure established by the AQB, the Act, and this Part prior to submission of
an application.
7) Education
providers approved to deliver alternative experience credit for PAREA, are
exempt from the requirements of Subpart H but only as it relates to approval of
the specific PAREA approved experience-related program or course. Education
providers who only offer AQB approved PAREA courses are not required to be
licensed with the Division.
8)
Applicants who complete an AQB approved PAREA program can apply up to 100% of
the required experience hours towards an application for certified residential
credential, and up to 50% of the required experience hours towards an
application for a certified general credential. The experience hours counted
towards either credential are considered residential hours and not eligible for
non-residential hours unless the AQB changes the type of experience hours to
include non-residential.
9)
Experience credit for practicum courses must include applicable methods of
appraisal practice for the credential, the utilization of actual real
properties, performance of market research and sales analysis, applying
appraisal approaches in conformity with USPAP, and experience as further
outlined in the practicum course requirements of Section
1455.365.
10) Experience credit for practicum courses
shall also be granted for the actual classroom hours of instruction and hours
of documented research and analysis as awarded and determined by the Department
and the AQB in the practicum course approval process.
Notes
Amended at 37 Ill. Reg. 2668, effective April 1, 2013
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