HAR §16-114-21. §16-114-21 Education requirement

(a) Applicants shall submit proof of successful completion of courses taken from approved course providers in subjects related to real estate appraisal which shall include coverage of the national USPAP course or its equivalent. (1) An applicant for licensure or certification shall have met the Appraisal Qualification Board’s current qualifying education requirements as may be amended. The national USPAP course or its equivalent shall have been completed within the two years preceding the application date. (2) A classroom hour is defined as fifty minutes out of each sixty minute segment and may include time devoted to examinations. (3) Credit toward the classroom hour requirement will not be granted unless the length of the educational offering is at least fifteen hours and the applicant successfully completes an examination pertinent to that educational offering. (4) No credit will be granted for distance education including correspondence courses, or internet courses, or video or remote television offerings unless the course has has been approved by the Appraiser Qualifications Board through the Course Approval Program. (5) Applicants must demonstrate that the applicant's education included coverage of all the topics listed below: (A) Influences on real estate value; (B) Legal considerations in appraisal; (C) Types of value; (D) Economic principles; (E) Real estate markets and analysis; (F) Valuation process; (G) Property description; (H) Highest and best use analysis; (I) Appraisal math and statistics; (J) Sales comparison approach; (K) Site value; (L) Cost approach; (M) Income approach; (N) Valuation of partial interests; and (O) Uniform standards of professional appraisal practice. (6) Applicants for certification shall, in addition to the topics listed above, demonstrate that the applicant's education included narrative report writing. 114-13 §16-114-21 (7) Courses taken to satisfy the qualifying education requirements should not be repetitive in nature. Each course credited toward the required number of qualifying education hours should represent a progression in which the appraiser's knowledge is increased. (8) It shall be the applicant's responsibility to ensure that the course provider verifies the number of classroom hours and the length of the educational offering, and that the applicant successfully completed an examination for the course. (9) USPAP education credit shall only be awarded when the class is taught by an Appraiser Qualifications Board certified instructor who is also a state certified residential or general appraiser. Equivalency to the national USPAP course shall be determined by the Appraiser Qualifications Board. (b) An academic credit hour for a semester earned from a college, university, community college, or junior college accredited by a nationally recognized accreditation organization shall be equal to fifteen hours and an academic credit hour for a quarter shall be equal to ten hours. [Eff 3/11/91; am and comp 9/23/91; am and comp 4/17/98; am and comp 1/10/09; am and comp 8/27/12] (Auth: HRS §466K-3) (Imp: HRS §466K-3)