(1) Applicants for original licensure as a licensed real estate appraiser shall complete at least 150 classroom hours of instruction in the listed core curriculum.

(2) Types of misconduct for which disciplinary proceedings may be initiated against a licensed real estate appraiser, as set forth by statute.

(3) The required core curriculum for a licensed real estate appraiser is:

(a) basic appraisal principles 30 hours

(b) basic appraisal procedures 30 hours

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

(d) residential market analysis and highest and best use 15 hours

(e) residential appraiser site valuation and cost approach 15 hours

(f) residential sales comparison and income approaches 30 hours

(g) residential report writing and case studies 15 hours

(h) total licensure education requirements 150 hours

(4) To upgrade from a trainee to a licensed real estate appraiser, an applicant may use education obtained for licensure as a trainee, as long as the education meets the required core curriculum as outlined in this rule.

(5) Applicants for original licensure as a licensed real estate appraiser shall complete at least 150 hours of board-approved instruction in the required core curriculum.