21 NCAC 57B .0101. REGISTERED TRAINEE COURSE REQUIREMENTS

(a)  Each applicant for registration as a trainee shall complete a minimum of 90 hours of precertification education, consisting of the following;

(1)           A minimum of 30 hours in Basic Appraisal Principles;

(2)           A minimum of 30 hours in Basic Appraisal Procedures;

(3)           A minimum of 15 hours in Residential Market Analysis and Highest and Best Use or 30 hours in General Appraiser Market Analysis and Highest and Best Use; and

(4)           A minimum of 15 hours in The Uniform Standards of Professional Appraisal Practice (USPAP).

(b)  Credit for these courses must be earned from a Board-approved course sponsor or school and all course content shall be approved by the Appraisal Board in accordance with the rules in this Subchapter. These courses must be completed within the five-year period immediately preceding the date when application for registration is made to the Board.

(c)  Basic Appraisal Principles shall be a prerequisite to taking Basic Appraisal Procedures, and Basic Appraisal Procedures shall be a prerequisite to taking either Residential or General Market Analysis and Highest and Best Use.  The 15 hour USPAP course may be taken any time after the successful completion of Basic Appraisal Procedures.  

(d)  These four courses must have been obtained in a classroom setting.  No credit will be given for these courses taken by any other method, such as correspondence school courses or on-line courses.

 

History Note:        Authority G.S. 93E-1-6(a); 93E-1-8(a); 93E-1-10;

Eff. July 1, 1994;

Amended Eff. January 1, 2013; July 1, 2010; September 1, 2008; January 1, 2008; July 1, 2005; July 1, 2003; August 1, 2002.