LD 1919
pg. 2
Page 1 of 7 An Act To Amend the Laws Governing Real Estate Appraiser Licensing To Comply wi... Page 3 of 7
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LR 3000
Item 1

 
A.__Hold a bachelor's or higher degree from an accredited
college or university or have successfully passed 30 semester
credit hours in the following college-level subject matter
courses from an accredited college, junior college, community
college or university:

 
(1)__English composition;

 
(2)__Microeconomics;

 
(3)__Macroeconomics;

 
(4)__Finance;

 
(5)__Algebra, geometry or higher mathematics;

 
(6)__Statistics;

 
(7)__Introduction to computers, word processing and
spreadsheets;

 
(8)__Business or real estate law; and

 
(9)__Two elective courses in accounting, geography,
agricultural economics, business management or real
estate.

 
An applicant may receive credit as for a college course for
an exam taken through a college-level examination program if
a college or university accredited by a commission on
colleges, a regional or national accreditation association
or an accrediting agency that is recognized by the United
States Secretary of Education accepts the exam and issues a
transcript showing its approval;

 
B.__Satisfactorily complete 300 creditable class hours as
specified in the required core curriculum, as approved by
the appraisal subcommittee, which must include the 15-hour
national uniform standards of principles of appraisal
practice course and examination;

 
C.__Pass the appraisal subcommittee uniform state-certified
general real property appraiser examination; and

 
D.__Hold a valid license under this chapter and demonstrate
3,000 hours of appraisal experience obtained during no fewer
than 30 months, including 1,500 hours of nonresidential
appraisal work.


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