State Codes and Statutes

Statutes > Nebraska > Chapter76 > 76-2229_01

76-2229.01. Credentialas a registered real property appraiser; applicant; qualifications; upgraded credential; requirements.(1) To qualifyfor a credential as a registered real property appraiser, an applicant shall:(a) Be at least nineteen years of age;(b) Hold a high school diploma or a certificate of high schoolequivalency or have education acceptable to the board;(c) Have successfully completed no fewer than ninety classhours in board-approved courses of study which relate to appraisal and whichinclude the fifteen-hour National Uniform Standards of Professional AppraisalPractice Course asapproved by the Appraiser Qualifications Board as of January 1, 2010, or the equivalent of the courseas approved by the Real Property Appraiser Board. The coursesof study shall be conducted by an accredited,degree-awarding university, college, or community college, an appraisal society, institute,or association, or such other educational provider as may be approved by the Real Property Appraiser Board and shall be,at a minimum, fifteen class hours in length. Each course of study shall includean examination pertinent to the material presented;(d) Within the twelve months following approvalof the applicant by the Real Property Appraiser Board, pass anexamination approved by theAppraiser Qualifications Board as of January 1, 2010, and administeredby a contracted testing service whichdemonstrates that the applicant has:(i) Knowledge of technical terms commonly used in or relatedto appraisal and the writing of appraisal reports;(ii) Knowledge of depreciation theories, cost estimating,methods of capitalization, market data analysis, appraisal mathematics, andeconomic concepts applicable to real estate;(iii) An understanding of the basic principles of land economics,appraisal processes, and problems encountered in the gathering, interpreting,and processing of data involved in the valuation of real property;(iv) Knowledge of the appraisal of various types of and interestsin real property for various functions and purposes;(v) An understanding of basic real estate law;(vi) An understanding of the types of misconduct for whichdisciplinary proceedings may be initiated;(vii) An understanding of the Uniform Standards of ProfessionalAppraisal Practice;(viii) An understanding of the recognized methods and techniquesnecessary for the development and communication of a credible appraisal; and(ix) Knowledge of such other principles and procedures asmay be appropriate to produce a credible appraisal; and(e) Not have been convicted of any felony or, if so convicted,have had his or her civil rights restored.(2) To qualifyfor an upgraded credential, a registered real property appraiser shall satisfyat least one of the appropriate requirements as follows:(a) For acredential as a licensed residential real property appraiser, he or she shall(i) complete sixty additional hours of designated core curriculum educationand (ii) meet the experience requirements pursuant to subdivision (1)(d) ofsection 76-2230;(b) For a credential as a certified residential real property appraiser,he or she shall (i) complete one hundred ten additional hours of designatedcore curriculum education, (ii) meet the experience requirements pursuantto subdivision (1)(d) of section 76-2231.01, and (iii) meet the postsecondaryeducational requirements pursuant to subdivision (1)(b)(i) or (ii) of section 76-2231.01; or(c) For a credential as a certified general real property appraiser,he or she shall (i) complete two hundred twenty-five additional hours of designatedcore curriculum education, (ii) meet the experience requirements pursuantto subdivision (1)(d) of section 76-2232, and (iii) meet the postsecondaryeducational requirements pursuant to subdivision (1)(b)(i) or (ii) of section 76-2232.(3) The application for registrationshall include the applicant's social security number and such other informationas the Real Property Appraiser Board mayrequire.(4)The scope of practice of a registered real property appraisershall be limited to the appraisal of noncomplex property having one, two,three, or four residential units having a transaction value of less than twohundred fifty thousand dollars.(5)An applicant shall receive no more than three successive annualrenewals for credentialing as a registered real property appraiser. Notwithstandingany other provision of section 76-2228 to the contrary, the board shall notapprove any initial application for credentialing as a registered real propertyappraiser on and after January 1, 2012. SourceLaws 1991, LB 203, § 31; Laws 1994, LB 1107, § 26; Laws 1997, LB 752, § 204; Laws 2001, LB 162, § 21; Laws 2006, LB 778, § 51; Laws 2007, LB186, § 14; Laws 2008, LB1011, § 9; Laws 2010, LB931, § 12.Effective Date: April 15, 2010