Utah Admin. Code R162-2g-304b - Application to Sit for the State-Certified Residential Appraiser Exam
(1) An applicant to sit for the
state-certified residential appraiser exam shall provide the following to the
division:
(a) completed experience forms, as
required by the division, evidencing at least 1,500 hours of appraisal
experience, at least 500 of which:
(i) meet
the requirements of Section
R162-2g-304d;
(ii) are completed during the time when the
applicant is licensed as a state-licensed appraiser:
(A) with the division; or
(B) in another state, if licensure was
required in that state when the appraisal was performed;
and
(iii) are accrued in
no fewer than:
(A) for applicants submitting
experience primarily from Appendices 1 and 2, six months from the date the
applicant received the state-licensed appraiser credential; or
(B) for applicants submitting experience
primarily from Appendix 3, 12 months from the date the applicant received the
state-licensed appraiser credential; or
(b) evidence of having obtained:
(i) 1,500 experience hours by successfully
completing the AQB-approved PAREA modules for both the Licensed Residential
Module and the Certified Residential Module;
(ii) 1,000 experience hours by successfully
completing the AQB-approved Licensed Appraiser PAREA Module, plus at least 500
hours of supervised appraisal experience that meets the requirements of
Subsections (a)(i), (ii), and (iii); or
(iii) 500 experience hours by successfully
completing the AQB-approved Certified Residential Appraiser PAREA Module, plus
at least 1,000 hours of supervised appraisal experience, at least 500 of which
meet the requirements as described in Subsections (a)(i), (ii), and
(iii);
(c) evidence of
having completed at least one of the following six education options:
(i) option 1: received a Bachelor's degree or
higher in any field of study from an accredited college or university;
(ii) option 2: received an
Associate's degree from an accredited college or university in a field of study
related to:
(A) Business
Administration;
(B)
Accounting;
(C) Finance;
(D) Economics; or
(E) Real Estate;
(iii) option 3: successful completion of 30
semester hours of college-level courses that cover each of the following
specific topic areas and hours:
(A) English
Composition: three semester hours;
(B) Microeconomics: three semester
hours;
(C) Macroeconomics: three
semester hours;
(D) Finance: three
semester hours;
(E) Algebra,
Geometry, or higher mathematics: three semester hours;
(F) Statistics: three semester
hours;
(G) Computer Science: three
semester hours;
(H) Business Law or
Real Estate Law: three semester hours; and
(I) two elective courses in: Accounting,
Geography, Agricultural Economics, Business Management, or Real Estate: three
semester hours each;
(iv)
option 4: successful completion of at least 30 hours of College Level
Examination Program 7 (CLEP7) examinations from the following subject matter
areas:
(A) College Algebra;
(B) College Composition;
(C) College Composition Modular;
(D) College Mathematics;
(E) Principals of Macroeconomics;
(F) Principals of Microeconomics;
(G) Introductory Business Law; and
(H) Principals of Management.
(v) option 5: any combination of
option 3 and option 4 that includes the topics identified in option 3;
or
(vi) option 6: no college-level
education is required for appraisers who have held a state-licensed appraiser
credential for a minimum of five years and have no record of any adverse,
final, and non-appealable disciplinary action affecting the state-licensed
appraiser's legal eligibility to engage in appraisal practice within the five
years immediately preceding the date of application for a state-certified
residential credential;
(d) evidence of having successfully completed
a state-certified residential appraiser pre-licensing required core curriculum
as described in Appendix 4, Table 4 and that has been certified by the division
pursuant to Section R162-2g-307c; and
(e) except as provided in Subsection (5)(a),
a nonrefundable application fee.
(2) The pre-licensing curriculum required by
Subsection (1)(d) shall be provided by:
(a) a
college or university;
(b) a
community or junior college;
(c) a
real estate appraisal or real estate related organization;
(d) a state or federal agency or
commission;
(e) a proprietary
school;
(f) a provider approved by
a state certification and licensing agency; or
(g) the Appraisal Foundation or its
boards.
(3) PAREA
participants must complete, as a prerequisite before beginning an AQB-approved
PAREA training module, 204 hours of qualifying education as specified in the
Required Core Curriculum for the Certified Residential Real Property Appraiser
classification.
(4)
(a) Upon determining that the applicant
satisfies the education and experience requirements, the division shall issue
to the applicant a form permitting the applicant to register for the
examination.
(b) Upon being
approved to register for the examination pursuant to Subsection (4)(a), an
applicant shall:
(i) return the examination
application form to the testing service designated by the division;
and
(ii) pay a nonrefundable
examination fee to the testing service designated by the division.
(c) The permission to register to
sit for the examination shall be valid for 24 months after issuance.
(5)
(a) A state-licensed appraiser who, within
six months of renewing the license, submits an application and consequently
qualifies for certification may not be required to pay the entire application
fee but shall instead pay the difference between the renewal fee and the
application fee.
(b) A
certification that is obtained under Subsection (5)(a) shall expire on the date
that the license was due to expire before the granting of
certification.
Notes
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