- (1) Applicants for the certified general credential must hold a bachelor’s degree or higher from an accredited college or university.
(2) The college or university must be a degree-granting institution accredited by:
- (A) The Higher Learning Commission;
- (B) A national or regional accreditation association; or
- (C) An accrediting agency that is recognized by the United States Secretary of Education.
(3) Applicants with a college degree from a foreign country may have their education evaluated for equivalency by one (1) of the following:
- (A) An accredited, degree-granting domestic college or university;
- (B) Foreign degree credential evaluation service company that is a member of the National Association of Credential Evaluation Services; or
- (C) 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 state licensing board that issues credentials in another discipline.
(4) The certified general real property appraiser classification requires completion of three hundred (300) creditable class hours as listed below:
- (A) Basic Appraisal Principles, thirty (30) hours;
- (B) Basic Appraisal Procedures, thirty (30) hours;
- (C) 15-Hour National USPAP Course, or its equivalent, fifteen (15) hours;
- (D) General Appraiser Market Analysis and Highest and Best Use, thirty (30) hours;
- (E) Statistics, Modeling, and Finance, fifteen (15) hours;
- (F) General Appraiser Site Valuation and Cost Approach, thirty (30) hours;
- (G) General Appraiser Sales Comparison Approach, thirty (30) hours;
- (H) General Appraiser Income Approach, sixty (60) hours;
- (I) General Appraiser Report Writing and Case Studies, thirty (30) hours; and
- (J) Appraisal Subject Matter Electives, thirty (30) hours.
- (5) As a part of the three hundred (300) required hours, the applicant shall successfully complete the 15-Hour National USPAP Course or its Appraiser Qualifications Board-approved equivalent and successfully pass the examination.
- (6) Applicants must demonstrate that their education includes the core courses listed in this section, with particular emphasis on nonresidential properties.
(7) Appraisers holding a valid registered apprentice appraiser credential may satisfy the educational requirements for the certified general real property appraiser credential by successfully completing the following additional education hours:
- (A) General Appraiser Market Analysis and Highest and Best Use, thirty (30) hours;
- (B) Statistics, Modeling, and Finance, fifteen (15) hours;
- (C) General Appraiser Site Valuation and Cost Approach, thirty (30) hours;
- (D) General Appraiser Sales Comparison Approach, thirty (30) hours;
- (E) General Appraiser Income Approach, sixty (60) hours;
- (F) General Appraiser Report Writing and Case Studies, thirty (30) hours; and
- (G) Appraisal subject matter electives, thirty (30) hours.
(8) Appraisers holding a valid state-licensed real property appraiser credential may satisfy the educational requirements for the certified general real property appraiser credential by successfully completing the following additional education hours:
- (A) General Appraiser Market Analysis and Highest and Best Use, fifteen (15) hours;
- (B) Statistics, Modeling, and Finance, fifteen (15) hours;
- (C) General Appraiser Site Valuation and Cost Approach, fifteen (15) hours;
- (D) General Appraiser Sales Comparison Approach, fifteen (15) hours;
- (E) General Appraiser Income Approach, forty-five (45) hours;
- (F) General Appraiser Report Writing and Case Studies, fifteen (15) hours; and
- (G) Appraisal subject matter electives, thirty (30) hours.
(9) Appraisers holding a valid certified residential real property appraiser credential may satisfy the educational requirements for the certified general real property credential by successfully completing the following additional educational hours:
- (A) General Appraiser Market Analysis and Highest and Best Use, fifteen (15) hours;
- (B) General Appraiser Site Valuation and Cost Approach, fifteen (15) hours;
- (C) General Appraiser Sales Comparison Approach, fifteen (15) hours;
- (D) General Appraiser Income Approach, forty-five (45) hours; and
- (E) General Appraiser Report Writing and Case Studies, ten (10) hours.
- (10) Registered apprentice appraisers, state-licensed real property appraisers, and certified residential real property appraisers wishing to change to the certified general real property appraiser classification must also satisfy the requirements in subdivisions (c)(1) – (6) of this section.