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 total appraisal experience, at least 500 of which:

  (i) meet the requirements of Subsection 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 at the time the appraisal was performed; and

  (iii) are accrued in no fewer than:

  (A) for applicants submitting experience primarily from appendices 1 and 2, 6 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;

  (b) 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 (3 semester hours);

  (B) micro economics (3 semester hours);

  (C) macro economics (3 semester hours);

  (D) finance (3 semester hours);

  (E) algebra, geometry, or higher mathematics (3 semester hours);

  (F) statistics (3 semester hours);

  (G) computer science (3 semester hours);

  (H) business law or real estate law (3 semester hours); and

  (I) two elective courses in: accounting, geography, agricultural economics, business management, or real estate (3 semester hours each);

  (iv) option 4: successful completion of at least 30 hours of College Level Examination Program ® (CLEP®) 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 all of 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;

  (c) evidence of having successfully completed a state-certified residential appraiser pre-licensing required core curriculum as described in Appendix 4, Table 1 and that has been certified by the division pursuant to Subsection R162-2g-307c; and

  (d) except as provided in this Subsection (4)(a), a nonrefundable application fee.

  (2) The pre-licensing curriculum required by Subsection(1)(c) 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)(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 this Subsection (3)(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.

  (4)(a) A state-licensed appraiser who, within six months of renewing the license, submits an application and consequently qualifies for certification shall 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 this Subsection (4)(a) shall expire on the same date that the license was due to expire prior to the granting of certification.