264 CMR, § 5.09 - Required Core Curricula

(1) Appraisal Trainee.

(a) 30 hours in Basic Appraisal Principles;

(b) 30 hours in Basic Appraisal Procedures; and

(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board.

(2) State-licensed Appraiser.

(a) 30 hours in Basic Appraisal Principles;

(b) 30 hours in Basic Appraisal Procedures;

(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;

(d) 15 hours in Residential Market Analysis and Highest and Best Use;

(e) 15 hours Residential Appraiser Site Valuation and Cost Approach;

(f) 30 hours Residential Sales Comparison and Income Approaches; and

(g) 15 hours Residential Report Writing and Case Studies.

(3) Certified Residential Appraiser.

(a) 30 hours in Basic Appraisal Principles;

(b) 30 hours in Basic Appraisal Procedures;

(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;

(d) 15 hours in Residential Market Analysis and Highest and Best Use;

(e) 15 hours Residential Appraiser Site Valuation and Cost Approach;

(f) 30 hours Residential Sales Comparison and Income Approaches;

(g) 15 hours Residential Report Writing and Case Studies;

(h) 15 hours Statistics, Modeling and Finance;

(i) 15 hours Advanced Residential Applications and Case Studies; and

(j) 20 hours Appraisal Subject Matter Electives - This may include additional hours in above topics.

(4) Certified General Appraiser.

(a) 30 hours in Basic Appraisal Principles;

(b) 30 hours in Basic Appraisal Procedures;

(c) 15-hour National USPAP or National USPAP Equivalency Course Approved by the AQB and the Board;

(d) 30 hours in General Appraiser Market Analysis and Highest and Best Use;

(e) 15 hours Statistics, Modeling and Finance;

(f) 30 hours in General Appraiser Sales Comparison Approaches;

(g) 30 hours in General Appraiser Site Valuation and Cost Approach;

(h) 60 hours in General Appraiser Income Approach;

(i) 30 hours in General Appraiser Report Writing and Case Studies; and

(j) 30 hours in Other Appraisal Subject Matter Primary Courses - This may include additional hours in above topics.

Notes

264 CMR, § 5.09

Amended by Mass Register Issue 1323, eff. 10/7/2016. Amended by Mass Register Issue 1416, eff. 5/1/2020.