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(a) To comply with the real estate appraisal education requirements of 12 AAC 70.115 for initial certification, or the registered trainee education requirements of 12 AAC 70.125, an applicant's classroom hours of instruction, as defined in 12 AAC 70.910, must relate directly to real estate appraisal theory or practices and must be obtained through
(1) a member organization of the Appraisal Foundation;
(2) a junior college, college, or university;
(3) a course approved by the Appraiser Qualifications Board Educational Course Review Program;
(4) a real estate appraisal or real estate related organization;
(5) a state or federal agency or commission;
(6) a proprietary school; or
(7) another organization or academic institution approved by the board.
(b) The board will credit only a course approved under 12 AAC 70.145 toward the classroom hours of instruction required for certification or registration.
(c) An applicant's classroom hours of education must include coverage of all topics listed in the applicable Appraiser Qualification Criteria developed by the Appraiser Qualifications Board of the Appraisal Foundation as follows:
(1) for an applicant for certification as a general real estate appraiser, the Certified General Real Property Appraiser Classification portion of The Real Property Appraiser Qualification Criteria dated January 1, 2003 and adopted by reference;
(2) for an applicant for certification as a residential real estate appraiser, the Certified Residential Real Property Appraiser Classification portion of The Real Property Appraiser Qualification Criteria dated January 1, 2003 and adopted by reference.
(d) Repealed 1/16/2005.
(e) The board will award credit toward the classroom hour requirement to an applicant who obtained credit for a course by passing a challenge examination without attending the course, if the credit was granted by the course provider before July 1, 1990 and the board is satisfied with the quality of the challenge examination.
(f) The board will award credit toward the classroom hour requirement for initial certification or trainee registration for completion of a course by distance education if the course
(1) meets the requirements of this section and 12 AAC 70.145(d) ;
(2) requires successful completion of a written final examination that is proctored by an official approved by the presenting college or university, or by the sponsoring organization;
(3) is presented to an organized group in an instructional setting with
(A) A person qualified and available to answer questions, provide information, and monitor student attendance;
(B) a minimum of two classroom hours;
(4) meets the requirements for courses established by the Appraiser Qualifications Board;
(5) has been presented by a college or university accredited by the Commission on Colleges or a regional accreditation association that offers distance education programs in other disciplines; and
(6) has received approval
(A) repealed 1/16/2005;
(B) of the International Distance Education Certification Center's (IDECC) for the course design and delivery mechanism and either the approval of the
(i) Appraiser Qualification Board through the AQB Course Approval Program; or
(ii) licensing or certifying jurisdiction where the course is being offered, for the content of the course.
(g) The board will not award credit for noninstructional course time except for a maximum of 20 hours spent writing appraisal reports for a course on that subject. The number of hours credited under this subsection may not exceed 50 percent of the total classroom hours awarded for the course for which the appraisal reports were written. The board will award credit under this subsection for no more than one course during an applicant's total classroom hours of instruction.
(h) An applicant's classroom hours of instruction must include coverage of the full scope of the fundamentals of appraisal theory, principles, and practices. A course that is highly specialized or narrow in focus will not be credited toward an applicant's required classroom hours of instruction unless the applicant has also completed sufficient courses to cover the fundamental aspects of appraisal theory, principles, and practices.
(i) The board will not award credit for more than eight classroom hours of instruction per day. If no breakdown of instructional, assignment, and examination hours is given for a course or seminar, the board will award three and one half classroom hours of instruction for the last day of the course or seminar and seven classroom hours of instruction for all other days of the course or seminar.
(j) The board will require additional information if necessary to determine if an applicant's classroom hours of instruction meet the requirements in this section.
History: Eff. 7/16/92, Register 123; am 4/15/94, Register 130; am 12/13/94, Register 133; am 6/13/97, Register 142; am 6/5/98, Register 146; am 4/16/2004, Register 170; am 1/16/2005, Register 173
Authority: AS 08.87.020
Editor's note: Copies of the Appraiser Qualification Criteria adopted by reference in 12 AAC 70.140 are available from the Appraisal Qualifications Board of the Appraisal Foundation, 1029 Vermont Ave. N.W., Suite 900, Washington, DC 20005-3517; phone: (202) 347-7722.
Amendments to 12 AAC 70.140 took effect on 12/13/94 as an emergency regulation and were published in Register 133, April 1995. Due to technical corrections made by the regulations attorney to the emergency language of 12 AAC 70.140, the permanent regulation as it was published in Register 134, July 1995 differed from the emergency regulation even though the section's history note did not reflect an amendment to that section.
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Last modified 7/05/2006