Subdivision 1.Trainee real property appraiser or licensed real property appraiser.
As a prerequisite for licensing as a trainee real property appraiser or licensed real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 90 classroom hours of prelicense courses. The courses must consist of 75 hours of general real estate appraisal principles and the 15-hour national USPAP course.
(a) After January 1, 2008, a trainee real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 75 hours of prelicense courses approved by the commissioner.
(b) After January 1, 2008, a licensed real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 150 hours of prelicense courses approved by the commissioner.
Subd. 2.
[Repealed, 1991 c 97 s 17]
Subd. 3.Commissioner's approval; rules.
The courses and instruction and procedures of courses must be approved by the commissioner. The commissioner may adopt rules to administer this section. These rules must, to the extent practicable, conform to the rules adopted for real estate and insurance education. The credit hours required under this section may be credited to a person for distance education courses that meet Appraiser Qualifications Board criteria.
Subd. 4.Certified residential real property appraiser.
As a prerequisite for licensing as a certified residential real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 120 classroom hours of prelicense courses, with particular emphasis on the appraisal of one to four unit residential properties. Fifteen of the 120 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified residential real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 200 hours of prelicense courses approved by the commissioner; and
(2) an associate degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 21 semester credit hours from an accredited college or university covering the following subject matter courses: English composition; principles of economics (micro or macro); finance; algebra, geometry, or higher mathematics; statistics; computer science; and business or real estate law. If an applicant has completed education requirements before January 1, 2008, no college degree is required.
Subd. 5.Certified general real property appraiser.
As a prerequisite for licensing as a certified general real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 180 classroom hours of prelicense courses, with particular emphasis on the appraisal of nonresidential properties. Fifteen of the 180 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified general real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 300 hours of prelicense courses approved by the commissioner; and
(2) a bachelor's degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 30 semester credit hours from an accredited college or university covering the following subject matters courses: English composition; micro economics; macro economics; finance; algebra, geometry, or higher mathematics; statistics; computer science; business or real estate law; and two elective courses in accounting, geography, ag-economics, business management, or real estate. If an applicant has complete education requirements before January 1, 2008, no college degree is required.
Subd. 6.All appraiser license levels.
To receive approval from the commissioner, an appraiser prelicense education course must be at least 15 hours long. The required course hours for all appraiser license levels include completion of the 15-hour national USPAP course and specific core curriculum courses and hours in accordance with the real property appraiser qualification criteria as defined by the Appraisal Qualifications Board:
Trainee
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Trainee level total education requirements
75 hours
Licensed
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Residential market analysis and highest and best use
15 hours
Residential appraiser site valuation and cost approach
15 hours
Residential sales comparison and income approaches
30 hours
Residential report writing and case studies
15 hours
Licensed level total education requirements
150 hours
Certified residential
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Residential market analysis and highest and best use
15 hours
Residential appraiser site valuation and cost approach
15 hours
Residential sales comparison and income approaches
30 hours
Residential report writing and case studies
15 hours
Statistics, modeling, and finance
15 hours
Advanced residential applications and case studies
15 hours
Appraisal subject matter electives
20 hours
(May include hours over minimum shown above in other modules)
Certified residential level total education requirements
200 hours
Certified general
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
General appraiser market analysis and highest and best use
30 hours
Statistics, modeling, and finance
15 hours
General appraiser sales comparison approach
30 hours
General appraiser site valuation and cost approach
30 hours
General appraiser income approach
60 hours
General appraiser report writing and case studies
30 hours
Appraisal subject matter electives
30 hours
(May include hours over minimum shown above in other modules)
Certified general level total education requirements
300 hours
Subd. 7.Student tracking manual.
It is the responsibility of students to record the qualifying education they have completed in a student tracking manual broken down by required core curriculum modules and subtopics, and to maintain an orderly record of education, experience, and other requirements.
History:
1989 c 341 art 1 s 13; 1991 c 97 s 5-7; 1992 c 587 art 4 s 3; 1993 c 309 s 31; 1997 c 222 s 37-39; 2005 c 100 s 12-15; 2006 c 235 s 4-8; 2009 c 63 s 69-71
Subdivision 1.Trainee real property appraiser or licensed real property appraiser.
As a prerequisite for licensing as a trainee real property appraiser or licensed real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 90 classroom hours of prelicense courses. The courses must consist of 75 hours of general real estate appraisal principles and the 15-hour national USPAP course.
(a) After January 1, 2008, a trainee real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 75 hours of prelicense courses approved by the commissioner.
(b) After January 1, 2008, a licensed real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 150 hours of prelicense courses approved by the commissioner.
Subd. 2.
[Repealed, 1991 c 97 s 17]
Subd. 3.Commissioner's approval; rules.
The courses and instruction and procedures of courses must be approved by the commissioner. The commissioner may adopt rules to administer this section. These rules must, to the extent practicable, conform to the rules adopted for real estate and insurance education. The credit hours required under this section may be credited to a person for distance education courses that meet Appraiser Qualifications Board criteria.
Subd. 4.Certified residential real property appraiser.
As a prerequisite for licensing as a certified residential real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 120 classroom hours of prelicense courses, with particular emphasis on the appraisal of one to four unit residential properties. Fifteen of the 120 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified residential real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 200 hours of prelicense courses approved by the commissioner; and
(2) an associate degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 21 semester credit hours from an accredited college or university covering the following subject matter courses: English composition; principles of economics (micro or macro); finance; algebra, geometry, or higher mathematics; statistics; computer science; and business or real estate law. If an applicant has completed education requirements before January 1, 2008, no college degree is required.
Subd. 5.Certified general real property appraiser.
As a prerequisite for licensing as a certified general real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 180 classroom hours of prelicense courses, with particular emphasis on the appraisal of nonresidential properties. Fifteen of the 180 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified general real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 300 hours of prelicense courses approved by the commissioner; and
(2) a bachelor's degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 30 semester credit hours from an accredited college or university covering the following subject matters courses: English composition; micro economics; macro economics; finance; algebra, geometry, or higher mathematics; statistics; computer science; business or real estate law; and two elective courses in accounting, geography, ag-economics, business management, or real estate. If an applicant has complete education requirements before January 1, 2008, no college degree is required.
Subd. 6.All appraiser license levels.
To receive approval from the commissioner, an appraiser prelicense education course must be at least 15 hours long. The required course hours for all appraiser license levels include completion of the 15-hour national USPAP course and specific core curriculum courses and hours in accordance with the real property appraiser qualification criteria as defined by the Appraisal Qualifications Board:
Trainee
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Trainee level total education requirements
75 hours
Licensed
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Residential market analysis and highest and best use
15 hours
Residential appraiser site valuation and cost approach
15 hours
Residential sales comparison and income approaches
30 hours
Residential report writing and case studies
15 hours
Licensed level total education requirements
150 hours
Certified residential
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Residential market analysis and highest and best use
15 hours
Residential appraiser site valuation and cost approach
15 hours
Residential sales comparison and income approaches
30 hours
Residential report writing and case studies
15 hours
Statistics, modeling, and finance
15 hours
Advanced residential applications and case studies
15 hours
Appraisal subject matter electives
20 hours
(May include hours over minimum shown above in other modules)
Certified residential level total education requirements
200 hours
Certified general
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
General appraiser market analysis and highest and best use
30 hours
Statistics, modeling, and finance
15 hours
General appraiser sales comparison approach
30 hours
General appraiser site valuation and cost approach
30 hours
General appraiser income approach
60 hours
General appraiser report writing and case studies
30 hours
Appraisal subject matter electives
30 hours
(May include hours over minimum shown above in other modules)
Certified general level total education requirements
300 hours
Subd. 7.Student tracking manual.
It is the responsibility of students to record the qualifying education they have completed in a student tracking manual broken down by required core curriculum modules and subtopics, and to maintain an orderly record of education, experience, and other requirements.
History:
1989 c 341 art 1 s 13; 1991 c 97 s 5-7; 1992 c 587 art 4 s 3; 1993 c 309 s 31; 1997 c 222 s 37-39; 2005 c 100 s 12-15; 2006 c 235 s 4-8; 2009 c 63 s 69-71
Subdivision 1.Trainee real property appraiser or licensed real property appraiser.
As a prerequisite for licensing as a trainee real property appraiser or licensed real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 90 classroom hours of prelicense courses. The courses must consist of 75 hours of general real estate appraisal principles and the 15-hour national USPAP course.
(a) After January 1, 2008, a trainee real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 75 hours of prelicense courses approved by the commissioner.
(b) After January 1, 2008, a licensed real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 150 hours of prelicense courses approved by the commissioner.
Subd. 2.
[Repealed, 1991 c 97 s 17]
Subd. 3.Commissioner's approval; rules.
The courses and instruction and procedures of courses must be approved by the commissioner. The commissioner may adopt rules to administer this section. These rules must, to the extent practicable, conform to the rules adopted for real estate and insurance education. The credit hours required under this section may be credited to a person for distance education courses that meet Appraiser Qualifications Board criteria.
Subd. 4.Certified residential real property appraiser.
As a prerequisite for licensing as a certified residential real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 120 classroom hours of prelicense courses, with particular emphasis on the appraisal of one to four unit residential properties. Fifteen of the 120 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified residential real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 200 hours of prelicense courses approved by the commissioner; and
(2) an associate degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 21 semester credit hours from an accredited college or university covering the following subject matter courses: English composition; principles of economics (micro or macro); finance; algebra, geometry, or higher mathematics; statistics; computer science; and business or real estate law. If an applicant has completed education requirements before January 1, 2008, no college degree is required.
Subd. 5.Certified general real property appraiser.
As a prerequisite for licensing as a certified general real property appraiser, an applicant must present evidence satisfactory to the commissioner that the person has successfully completed at least 180 classroom hours of prelicense courses, with particular emphasis on the appraisal of nonresidential properties. Fifteen of the 180 hours must include successful completion of the 15-hour national USPAP course.
After January 1, 2008, a certified general real property appraiser applicant must present evidence satisfactory to the commissioner that the person has successfully completed:
(1) 300 hours of prelicense courses approved by the commissioner; and
(2) a bachelor's degree from an accredited college or university. In lieu of the required degree the applicant may present satisfactory documentation of completion of 30 semester credit hours from an accredited college or university covering the following subject matters courses: English composition; micro economics; macro economics; finance; algebra, geometry, or higher mathematics; statistics; computer science; business or real estate law; and two elective courses in accounting, geography, ag-economics, business management, or real estate. If an applicant has complete education requirements before January 1, 2008, no college degree is required.
Subd. 6.All appraiser license levels.
To receive approval from the commissioner, an appraiser prelicense education course must be at least 15 hours long. The required course hours for all appraiser license levels include completion of the 15-hour national USPAP course and specific core curriculum courses and hours in accordance with the real property appraiser qualification criteria as defined by the Appraisal Qualifications Board:
Trainee
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Trainee level total education requirements
75 hours
Licensed
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Residential market analysis and highest and best use
15 hours
Residential appraiser site valuation and cost approach
15 hours
Residential sales comparison and income approaches
30 hours
Residential report writing and case studies
15 hours
Licensed level total education requirements
150 hours
Certified residential
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
Residential market analysis and highest and best use
15 hours
Residential appraiser site valuation and cost approach
15 hours
Residential sales comparison and income approaches
30 hours
Residential report writing and case studies
15 hours
Statistics, modeling, and finance
15 hours
Advanced residential applications and case studies
15 hours
Appraisal subject matter electives
20 hours
(May include hours over minimum shown above in other modules)
Certified residential level total education requirements
200 hours
Certified general
Basic appraisal principles
30 hours
Basic appraisal procedures
30 hours
The 15-hour national USPAP course or its equivalent
15 hours
General appraiser market analysis and highest and best use
30 hours
Statistics, modeling, and finance
15 hours
General appraiser sales comparison approach
30 hours
General appraiser site valuation and cost approach
30 hours
General appraiser income approach
60 hours
General appraiser report writing and case studies
30 hours
Appraisal subject matter electives
30 hours
(May include hours over minimum shown above in other modules)
Certified general level total education requirements
300 hours
Subd. 7.Student tracking manual.
It is the responsibility of students to record the qualifying education they have completed in a student tracking manual broken down by required core curriculum modules and subtopics, and to maintain an orderly record of education, experience, and other requirements.
History:
1989 c 341 art 1 s 13; 1991 c 97 s 5-7; 1992 c 587 art 4 s 3; 1993 c 309 s 31; 1997 c 222 s 37-39; 2005 c 100 s 12-15; 2006 c 235 s 4-8; 2009 c 63 s 69-71