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24.207.517    TRAINEE REQUIREMENTS

(1) A trainee shall:

(a) be 18 years of age or older;

(b) make application to the board on forms approved by the board;

(c) have completed a minimum of 50 percent of approved qualifying education including 15 hours of Uniform Standards of Professional Appraisal Practice (USPAP) in the principles of real estate appraisal prior to making application; and

(d) complete the remainder of approved qualifying education hours within the next 12 months or the next renewal, whichever is greater.

(2) A trainee shall be under the direct supervision of at least one appraiser mentor. A trainee may have more than one mentor.

(3) A trainee shall maintain an activity experience log as prescribed by the board for qualifying activity completed in accordance with USPAP.

(4) A trainee license must be renewed by the date set by ARM 24.101.413, following the trainee's original year of licensure. A trainee license may be renewed a total of four times, but may be extended by the board for cause.

(5) All qualifying appraisals performed by a trainee must meet USPAP standards.

(6) After the original trainee licensing year, a trainee shall meet continuing education requirements established by rule. Qualifying education may be used to meet the continuing education requirements.

(7) A trainee shall submit two copies of two different appraisal reports the trainee completed in accordance with USPAP with the trainee's annual renewal.

(8) A trainee may not perform qualifying experience without a mentor.

(9) A trainee shall perform qualifying experience within Montana.

(10) A trainee may not perform qualifying experience outside the scope of the mentor's licensure or certification.

(11) The core curriculum for trainee licensure is:

(a) basic appraisal principles 30 hours

(b) basic appraisal procedures 30 hours

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

(d) total trainee education requirements 75 hours

History: 37-1-131, 37-54-105, MCA; IMP, 37-1-131, 37-54-105, 37-54-201, 37-54-202, 37-54-303, 37-54-403, MCA; NEW, 2004 MAR p. 79, Eff. 1/16/04; AMD, 2005 MAR p. 1400, Eff. 7/29/05; AMD, 2006 MAR p. 1634, Eff. 6/23/06; AMD, 2006 MAR p. 1583, Eff. 7/1/06; AMD, 2007 MAR p. 472, Eff. 4/13/07; AMD, 2008 MAR p. 2272, 10/24/08; AMD, 2011 MAR p. 577, Eff. 4/15/11.

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