24.207.507 QUALIFYING EDUCATION REQUIREMENTS FOR GENERAL CERTIFICATION
(1) Applicants for certification as certified general real estate appraisers shall provide evidence of 300 hours of board-approved instruction in the required core curriculum.
(2) The education for certification as a certified general real estate appraiser shall place particular emphasis on the appraisal of nonresidential properties.
(3) The core curriculum for certified general licensure is:
(a) basic appraisal principles 30 hours
(b) basic appraisal procedures 30 hours
(c) the 15-hour national USPAP course 15 hours
(d) general appraiser market analysis and highest and best use 30 hours
(e) statistics, modeling, and finance 15 hours
(f) general appraiser sales comparison approach 30 hours
(g) general appraiser site valuation and cost approach 30 hours
(h) general appraiser income approach 60 hours
(i) general appraiser report writing and case studies 30 hours
(j) appraisal subject matter electives 30 hours
(may include hours over minimum shown above the other modules)
(k) total certified general education requirements 300 hours
(4) To upgrade from a trainee or licensed real estate appraiser to a certified general appraiser, an applicant may use prior education that also meets the specific criteria identified in (3) and comply with the degree requirement of (7).
(5) To upgrade from certified residential real estate appraiser to a certified general real estate appraiser, an applicant may use prior education for licensure that meets the specific criteria identified in (3) and comply with the degree requirement of (7).
(6) Applicants for certification as a certified general real estate appraiser shall provide evidence of:
(a) 300 hours of board-approved instruction in the core curriculum; and
(b) completion of the degree requirement of (7).
(7) In addition to the required core curriculum, applicants for certification as certified residential real estate appraisers must hold a bachelor's degree or higher in any field from an accredited college or university. 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.
(8) 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.
History: 37-1-131, 37-54-105, 37-54-303, MCA; IMP, 37-1-131, 37-54-105, 37-54-303, MCA; NEW, 1991 MAR p. 1924, Eff. 10/18/91; AMD, 1997 MAR p. 308, Eff. 2/11/97; AMD, 1998 MAR p. 744, Eff. 3/27/98; AMD, 2000 MAR p. 3521, Eff. 12/22/00; AMD, 2001 MAR p. 1333, Eff. 7/20/01; TRANS, from Commerce, 2001 MAR p. 1331; AMD, 2006 MAR p. 765, Eff. 3/24/06; AMD, 2006 MAR p. 1634, Eff. 6/23/06; AMD, 2008 MAR p. 2272, Eff. 10/24/08; AMD, 2011 MAR p. 577, Eff. 4/15/11; AMD, 2014 MAR p. 3064, Eff. 12/25/14.