OAR 161-010-0065. Prerequisite Experience and Education Requirements for State Licensed Appraisers

As a prerequisite to taking the examination for licensure as a State Licensed Appraiser, an applicant shall present evidence satisfactory to the Administrator that the applicant has: (1) At least 1,000 cumulative hours of acceptable appraisal experience. Cumulative experience hours must be acquired in no fewer than six (6) months. Completion of the Licensed Residential module of an AQB-approved PAREA program satisfies this requirement. (2)(a) Successfully completed not less than 158 classroom hours of acceptable appraisal courses as set forth in OAR 161-020-0110(2)(b), with the following exceptions as noted in paragraph (2)(b) below. Each applicant shall have successfully completed the 15-hour National USPAP Course, or its equivalent, within four (4) years preceding the date of application and have successfully passed an examination thereon. (b) Applicants holding a valid Oregon Appraiser Assistant Registration may satisfy the educational requirements for the State Licensed Appraiser credential by completing the following additional education hours: (A) Course(s) on Residential Market Analysis and Highest and Best Use (15 hours); (B) Course(s) on Residential Appraiser Site Valuation and Cost Approach (15 hours); (C) Course(s) on Residential Sales Comparison and Income Approaches (30 hours in no less than 15 hour increments); and (D) Course(s) on Residential Report Writing and Case Studies (15 hours).