S.C. Code Regs. 137-900.05 - Curriculum and Attendance
(A)
Topics for qualifying courses referenced in the South Carolina Real Estate
Appraisers and Appraisal Management Companies Act must be broad in scope and
must cover various principles, concepts, standards, practices and/or methods
that are applicable to the performance of a wide range of appraisal assignments
that will commonly be encountered by licenses or certified appraisers in
connection with appraisals in federally-related transactions. The courses must
be at least fifteen (15) hours and must include an examination pertinent to
that educational offering. Prelicense appraisal courses must be in modules
which require a specified number of education hours at each credential level as
established by the Appraiser Qualifications Board (AQB) of The Appraisal
Foundation.
(B) The seventy-five
(75) hours required for qualifying as a real estate apprentice appraiser must
include content on the following course modules:
1. Basic Appraisal Principles (30
hours);
2. Basic Appraisal
Procedures (30 hours);
3. National
USPAP Course or its equivalent as determined by the AQB (15 hours).
(C) The one hundred fifty (150)
hours required for a state licensed real estate appraiser must include content
from the Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30
hours) and the National USPAP Course or its equivalent as determined by the AQB
(15 hours) in addition to the following course modules:
1. Market Analysis And Highest And Best Use
(15 hours);
2. Appraiser Site
Valuation And Cost Approach (15 hours);
3. Sales Comparison And Income Approaches (30
hours);
4. Report Writing And Case
Studies (15 hours).
(D)
The two hundred (200) hours required for a state certified residential real
estate appraiser must include content from the Basic Appraisal Principles (30
hours), Basic Appraisal Procedures (30 hours), National USPAP Course or its
equivalent as determined by the AQB (15 hours), Market Analysis And Highest And
Best Use (15 hours), Appraiser Site Valuation And Cost Approach (15 hours),
Sales Comparison And Income Approaches (30 hours), and Report Writing And Case
Studies (15 hours) in addition to the following course modules:
1. Statistics, Modeling And Finance (15
hours);
2. Advanced Applications
And Case Studies (15 hours);
3.
Appraisal Subject Matter Electives (20 hours and may include hours over the
minimum in other modules).
(E) The three hundred (300) hours required
for a state certified general real estate appraiser must include content from
the Basic Appraisal Principles (30 hours), Basic Appraisal Procedures (30
hours), National USPAP Course or its equivalent as determined by the AQB (15
hours), Statistics, Modeling And Finance (15 hours) in addition to the
following course modules:
1. General Appraiser
Market Analysis And Highest And Best Use (30 hours);
2. General Appraiser Sales Comparison
Approach (30 hours);
3. General
Appraiser Site Valuation And Cost Approach (30 hours);
4. General Appraiser Income Approach (60
hours);
5. General Appraiser Report
Writing And Case Studies (30 hours);
6. Appraisal Subject Matter Electives (30
hours and may include hours over the minimum in other modules).
(F) Topics for continuing
education courses must contribute to the goal of maintaining or increasing the
knowledge, skill and competence of real estate appraisers with regard to the
performance of real estate appraisals in a manner that best serves the public
interest and must be a minimum of two (2) class hours in length.
(G) Learning objectives and detailed lesson
plans reflecting the course content with time allotments must be furnished to
the Board at the time of application for approval, along with copies of all
quizzes and examinations for qualifying courses. Examinations and the criteria
for such examinations and final grade determination may be developed by each
provider based on its individual concepts. The Board may, however, direct
alterations in examinations procedures, criteria for passing, and
administration whenever deemed necessary.
(H) Providers must identify to the Board the
texts to be used in any approved course of instruction. The Board may direct
that the school withdraw texts and may require additional instructional
materials.
(I) For qualifying
courses, providers must establish uniform testing and grading procedures for
their quizzes and examinations and must use approved instructors for
administering and monitoring all such tests. No proprietor, instructor or any
other individual may arbitrarily alter a student's grade or offer to students
any re-examination of the same test previously administered. Retake
examinations must contain at least eighty percent (80%) new material.
(J) Class meetings must be limited to a
maximum of eight (8) hours in any given day. Students must be allowed one ten
(10) minute break each hour and must be allowed at least one thirty minute
break for classes that exceed four (4) hours. Providers must require strict
attendance of all classroom hours required by law and must maintain records
indicating all student absences.
(K) Providers may offer students failing to
meet the minimum-hour requirement make-up sessions as follows:
1. a make-up session offered by the provider
consisting of the content covered in the session or hours missed; or
2. a video tape of the class session missed,
supervised by the instructor, if not more than twenty percent (20%) of the
classroom hours are missed; or
3.
attendance of the same class session offered by the provider at a future
date.
(L) Each provider
must prepare and submit to the Board reports verifying completion of a course
for each licensee who satisfactorily completes the course. Such reports shall
be transmitted electronically fourteen (14) calendar days following the course.
The verified Course Completion Report shall list: the course identification
number assigned by the Board, provider's name, instructor's name, title,
location and dates of course; full legal name, address, phone number,
permit/license/certificate number, if applicable, of each student, along with
the number of hours in attendance and final grade, if applicable. The Course
Completion Report must be verified by an authorized official of the
provider.
(M) A Certificate of
Completion prescribed by the Board shall be awarded to each course graduate,
signed and dated by the authorized official of the provider, and must contain
the course identification number assigned by the Board, provider's name and
address, title, location, dates and number of hours of the course, full legal
name, and license number, if applicable, of the student.
Notes
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