(1) Applicants for original licensure as a licensed real estate appraiser shall complete at least 150 classroom hours of instruction in the listed core curriculum.

(2) Types of misconduct for which disciplinary proceedings may be initiated against a licensed real estate appraiser, as set forth by statute.

(3) The required core curriculum for a licensed real estate appraiser is:

(a) basic appraisal principles 30 hours

(b) basic appraisal procedures 30 hours

(c) the 15-hour national USPAP course 15 hours

(d) residential market analysis and highest and best use 15 hours

(e) residential appraiser site valuation and cost approach 15 hours

(f) residential sales comparison and income approaches 30 hours

(g) residential report writing and case studies 15 hours

(h) total licensure education requirements 150 hours

(4) To upgrade from a trainee to a licensed real estate appraiser, an applicant may use education obtained for licensure as a trainee, as long as the education meets the required core curriculum as outlined in this rule.

(5) Applicants for original licensure as a licensed real estate appraiser shall complete at least 150 hours of board-approved instruction in the required core curriculum and the college education requirement in (6).

(6) In addition to the required core curriculum, applicants for licensure as a licensed real estate appraiser shall complete 30 semester credit-hours or 45 quarter-hours of college-level education from an accredited college, junior college, community college, or university, or an associate's degree or higher in any field. The college or university must be a degree-granting institution accredited by the Commission on Colleges, a regional or national accreditation association, or by an accrediting agency that is recognized by the U.S. Secretary of Education. If an accredited college or university accepts the College-Level Examination Program and examination(s), and issues a transcript for the examination showing its approval, it will be considered as credit for the college course.

(7) Applicants with a college degree from a foreign country may have their education evaluated for equivalency by one of the following:

(a) an accredited, degree-granting domestic college or university;

(b) the American Association of College Registrars and Admissions Officers;

(c) a foreign-degree credential evaluation service company that is a member of the National Association of Credential Evaluation Services; or

(d) a foreign-degree credential evaluation service company that provides equivalency evaluation reports accepted by an accredited degree-granting domestic college or university or by a licensing board or program administratively attached to the department that issues credentials in another profession.